News And Announcements
Oil prices slide as Saudi Arabia reportedly mulls output hike
Oil prices were being pushed lower on Monday afternoon, on reports that Saudi Arabia and its OPEC allies were mulling an increase in output.
Bear market in global equities not over, says Goldman Sachs
The bear market in global equity markets is not over, Goldman Sachs said in a strategy note on Monday.
Virgin pulls support for 3rd Heathrow runway unless charges cut
UK-based Virgin Atlantic has pulled support for Heathrow airports’s plans to build a third runway plans as the two organisations continue to row over fees.
UK retail footfall up just 1.6% in lead-up to Black Friday
Retail footfall grew just 1. 6% week-on-week in the seven days ended 19 November, according to retail experts Springboard, with consumers seemingly yet to make the most of already live Black Friday promotions.
Sunak rules out Swiss-style deal with EU
Prime Minister Rishi Sunak insisted on Monday that the UK would not pursue any Swiss-style deals with the European Union.
German producer prices fall for first time in two years
Producer prices unexpectedly fell in Germany last month, official data showed on Monday, after energy costs eased.
China holds interest rates
China held benchmark lending rates on Monday, the People's Bank of China said on Monday.
Black Friday footfall forecast to jump
Black Friday footfall is expected to be up sharply on the previous year, according to industry research published on Monday, as hard-pressed shoppers seek out bargains.