News And Announcements
Demand for homes softens as mortgage rates rise - Rightmove
Buyer demand softened over the last fortnight, a closely-watched survey of the UK housing market showed on Monday, as the spike in mortgage rates weighed heavily.
Demand for homes softens as mortgage rates rise - Rightmove
Buyer demand softened over the last fortnight, a closely-watched survey of the UK housing market showed on Monday, as the spike in mortgage rates weighed heavily.
Chancellor warns UK faces tough choices on spending and taxation
The new Chancellor has warned that the country faces difficult choices when it comes to tax and spending policies.
Motorola making excessive profits from UK emergency network - CMA
The competition watchdog announced a proposal on Friday, to restrict how much Motorola can charge for the emergency services to use the Airwave network.
US consumer sentiment improves in October
US consumer sentiment improved a little more than expected in October, according to a preliminary reading from the University of Michigan.
US retail sales flat in September
US retail sales were flat on the month in September as inflation and rising interest rates dented demand, according to figures released on Friday by the Commerce Department.
Kwarteng thrown under the Truss for mini-budget blunders
UK Prime Minister Liz Truss fired Finance Minister Kwasi Kwarteng on Friday, forcing him to carry the can for her government's disastrous mini-budget.
Viasat acquisition of Inmarsat heading to full CMA inquiry
The competition regulator has decided to refer the planned acquisition of Inmarsat by Viasat to a full-scale inquiry, it announced on Friday.
China inflation pushes higher as pork prices jump
Inflation pushed higher in China last month, official data showed on Friday, after a sharp increase in food prices.
Chancellor flies home early for crunch talks
The chancellor has cut short his visit to the International Monetary Fund in Washington amid growing speculation that the government is preparing to U-turn on its controversial mini-budget, it was reported on Friday.
US headline and core CPI edge past forecasts in September
The cost of living in the US last month edged past forecasts last month at both the headline and so-called core level.
Markets rally on speculation of more UK mini-budget reversals
Sterling and gilts rallied on Thursday, as speculation mounted that elements of the government’s controversial mini-budget could be scrapped.
Opec cuts could push world into recession, IEA warns
A decision by Opec to cut oil supplies could tip the global economy into recession, the International Energy Agency warned on Thursday.
House prices set to fall as mortgage costs spike - RICS
UK house prices are poised to fall in the coming months, a closely-watched survey showed on Thursday, as soaring borrowing costs weigh on demand.
German inflation hits record high
German inflation has surged to 10%, official data showed on Thursday, the highest rate since the country’s reunification.
Germany slashes growth forecasts as Ukraine invasion continues
Germany slashed its growth forecast for next year on Wednesday, and hiked its inflation expectations, as energy prices continued to head higher on the back of Russia’s ongoing invasion of Ukraine.
OPEC cuts oil demand, global growth forecasts
The Organisation of the Petroleum Exporting Countries (OPEC) on Wednesday downgraded sharply its forecasts for global economic growth and crude oil demand.
'Lessons must be learned' from pensions crisis - Bank of England
The UK economic outlook has deteriorated materially, the Bank of England said on Wednesday, as it insisted "lessons must be learned" from the recent turmoil to engulf bond markets.
BoE insists bond-buying scheme will end on Friday, yields rise
The Bank of England has quashed reports that its £65bn bond-buying scheme could be extended beyond Friday, sending gilt yields higher.
Regulator urges pension sector to act as deadline looms
The Pensions Regulator has urged pensions trustees to work closely with investment managers to review liquidity positions ahead of the Bank of England’s looming deadline.