News And Announcements
Half-term break lifts UK retail footfall 8.2%
School half-term helped boost UK footfall by 8. 2% in the week ended 29 October, providing retailers with a much-needed uplift amidst the cost-of-living crisis.
Eurozone growth slows in third quarter
Economic growth in the eurozone slowed in the third quarter, according to a flash estimate released on Monday by Eurostat.
Hunt considering energy windfall tax hike to 30pc
Energy firms could face windfall taxes as high as 30%, and an extension of its imposition by three years, according to fresh reports late on Sunday.
Zoopla warns high mortgage rates could shave 5% off UK house prices in 2023
Real estate company Zoopla revealed on Monday that higher mortgage rates could shave as much as 5% off UK house prices in 2023.
Eurozone inflation hits new record of 10.7% in October
Eurozone annual inflation hit a new record high of 10. 7% in October, according to a flash reading released on Monday, as energy and food prices continued to soar.
Mortgage approvals fall sharply - Bank of England
Mortgage approvals fell sharply in September, according to official data published on Monday, as interest rates continued to climb.
German retail sales nudge higher
German retail sales picked up unexpectedly last month, official data showed on Monday.
US consumer sentiment ticks up in October but remains subdued
US consumer sentiment improved a touch in October, but remained subdued, according to a final reading from the University of Michigan.
Sunak planning £50bn of spending cuts, tax rises - report
UK Prime Minister Rishi Sunak is reportedly looking to build a buffer in the public finances as he draws up an economic plan to plug Britain’s budget shortfall, which could entail tax rises and spending cuts of up to £50bn.
Retail vacancy rates improve, but still below pre-Covid levels
Vacancy rates for retail spaces in Britain improved further in the third quarter, according to fresh industry data on Friday, although they still remained above pre-pandemic levels.
US economy grows more than expected in Q3
The US economy bounced back in the third quarter, according to data released on Thursday by the Bureau of Economic Analysis.
UK retail sales bounce back in October - CBI
UK retail sales bounced back in October, according to the latest Distributive Trades Survey from the Confederation of British Industry.
German consumer sentiment set to improve a touch in November - GfK
German consumer sentiment is expected to improve a touch next month, according to a survey released on Thursday by market research group GfK.
Central banks may need to step in again to safeguard financial stability, Capital Economics says
Central banks may need to step in again in order to avoid panic selling and money market distress, a top economics consultancy said.
Sunak and Hunt delay Autumn statement until 17 November
Prime Minister Rishi Sunak and Chancellor Jeremy Hunt will deliver the UK's Autumn Statement on 17 November, along with an Office for Budgetary Responsibility forecast.
UK manufacturing output declines slightly over three months to October, CBI says
Output from UK factories slipped slightly over the past three months, even as business sentiment dropped at the fastest rate since the start of the pandemic, the results of a closely followed survey revealed.
German business sentiment remains 'gloomy' in October - Ifo
German business sentiment remained "gloomy" in October, according to a survey released on Tuesday by the Ifo Institute.
FCA to probe entry of 'big tech' in financial markets
The Financial Conduct Authority is seeking views on the potential competition benefits and harms from the entry of ‘big tech’ into a number of retail financial services sectors, it announced on Tuesday.
US business activity shrinks again in October
Business activity in the US shrank again in October as demand weakened amid high inflation, according to a survey released on Monday.
UK profit warnings surge in Q3 amid rising costs
Profit warnings by UK companies hit their highest level in the third quarter of this year since 2008 amid surging inflation, according to EY-Parthenon’s latest report.