News And Announcements
UK economy grinds to a near-halt in August
The UK economy practically ground to a halt in August amid a slump in manufacturing activity, according to a survey released on Tuesday.
Eurozone business activity contracts again in August
Eurozone business activity continued to contract in August as growth in the services sector ground to a near-halt, according to a survey released on Tuesday.
Citi sees UK inflation hitting 18% peak in January
Economists at Citi raised their forecasts for the peak in UK inflation to 18% in the wake of the additional 25% rally in UK gas prices and 7% rise in electricity costs over the previous week.
China cuts key rates to boost flagging economy
China's central bank on Monday cut benchmark loan rates as it tried to boost sluggish economic activity, held back by continuing Covid lockdowns and a weak property market.
UK public sector net borrowing jumps in July on higher debt servicing costs
Britain's public sector borrowed more than expected last month amid increased costs for servicing its debt and rising social assistance payments.
FCA warns buy-now-pay-later firms to get their promotions in order
The Financial Conduct Authority warned buy-now-pay-later firms that its products needed to comply with financial promotion rules on Friday, even though some agreements were “unregulated”.
UK consumer confidence falls to record low in August - GfK
UK consumer confidence fell to a fresh record low in August amid surging inflation, according to a survey released on Friday.
UK retail sales unexpectedly rise in July
UK retail sales unexpectedly rose in July, boosted by online shopping, according to figures released on Friday by the Office for National Statistics.
UK inflation hits 10.1% in July as food, energy prices surge
UK inflation hit a fresh 40-year high in July and surpassed analysts’ expectations as food and energy prices jumped, according to data released on Wednesday by the Office for National Statistics.
German investor sentiment deteriorates slightly in June
German investor sentiment deteriorated slightly in August, according to a survey released on Tuesday by the ZEW Center for European Economic Research in Mannheim.
CMA closes leasehold probe into Barratt for lack of evidence
The Competition and Markets Authority closed its leasehold case against Barratt Developments on Tuesday, citing a lack of evidence.
Ted Baker to be taken over by Authentic Brands in £211m deal
Fashion brand Ted Baker said on Tuesday that it has agreed to be taken over by Reebok owner Authentic Brands Group in a £211m deal.
UK real wages fall at sharpest rate on record
UK real wages fell at the sharpest rate on record between April and June, according to figures released on Tuesday by the Office for National Statistics.
Asking prices for homes fall in line with seasonal norms
The average price of property coming to market in the UK has dropped for the first time this year, according to fresh industry data released on Monday, albeit at seasonally-normal rate.
Japan's economy recovers beyond pre-pandemic levels
Japan’s economy recovered beyond pre-Covid levels in the second quarter, with GDP expanding at 2. 2% year-on-year, although that was below consensus expectations for 2. 6% growth.
China cuts lending rate as economy struggles amid Covid lockdowns
China's central bank on Monday unexpectedly cut a major interest rate in an attempt to bolster an economy that is struggling to grow amid repeated Covid lockdowns and a property downturn.
Chinese industrial production, retail sales miss expectations
China’s industrial production and retail sales data for July missed expectations on Monday.
Eurozone industrial output rises more than expected in June
Industrial production in Europe’s common currency rose more than expected in June, according to fresh data on Friday morning, although analysts were warning of a serious softening in the second half of the year.
UK GDP contracts in second quarter
The UK economy contracted in the second quarter, according to figures released on Friday by the Office for National Statistics.
UK house prices continued rising in July, RICS says
UK house prices continued to rise in July and were expected to continue to do so so over the year ahead as a result of a "severe lack of stock", the results of a survey revealed.