News And Announcements
EZ Dec PMI shows fall at slower rate
The fall in Eurozone business activity slowed in December, indicating that any recession in the single currency bloc could be milder than expected, a survey showed on Friday.
UK average house prices rise to £285,579
Halifax said on Friday that the average UK house price had risen £12,801 to £285,579, while annual house price growth was up 4. 7% in the year to November.
UK economic downturn eases but manufacturing output falls
The downturn in UK economic activity eased in December, but output in the manufacturing sector fell to a four-month low, according to a survey released on Friday.
Taylor Wimpey chair Irene Dorner to step down
Housebuilder Taylor Wimpey said on Friday that chair Irene Dorner will be stepping down for personal family reasons at the conclusion of the 2023 annual general meeting in April.
UK retail sales fall in November, miss expectations
UK retail sales unexpectedly fell last month, according to data released on Friday by the Office for National Statistics.
UK consumer confidence nudges higher - GfK
UK consumer confidence remains at historic lows, a survey showed on Friday, as the poor economic climate continues to weigh heavily.
ECB lifts rates by 50 basis points; outlook hawkish
The European Central Bank hiked interest rates on Thursday by 50 basis points, as expected, in the face of surging inflation.
BoE hikes rates by 50 basis points, as expected
The Bank of England hiked rates by 50 basis points on Thursday, as expected, as it looks to tackle surging inflation.
Hunt mulls extension of energy support to all businesses - report
Chancellor of the Exchequer Jeremy Hunt is reportedly considering continuing to help all UK businesses pay their energy bills when the current government support package expires at the end of March.
Industrial action to go ahead at Heathrow
A planned 72-hour strike by ground handlers at Heathrow airport will go ahead on Friday, after the latest round of pay talks broke down.
Norway central bank lifts rates by 25 basis points
Norway's central bank lifted its benchmark interest rate on Thursday by 25 basis points to 2. 75%, as expected.
SNB hikes rates by 50 basis points
The Swiss National Bank lifted its key policy rate on Thursday by 50 basis points to 1. 00%, in line with expectations.
EU new car registrations rise again in November
Europe’s passenger car market saw another “strong uplift” in November, according to industry data released on Thursday, with passenger car registrations rising for the fourth consecutive month, by 16. 3%.
Industrial production falls across Eurozone
Industrial production fell sharply across the Eurozone in October, official data showed on Wednesday.
UK house prices continue to rise - ONS
UK house prices jumped in October, official data showed on Wednesday, hitting fresh highs.
UK inflation eases to 10.7%
UK inflation eased to 10. 7% last month, official figures showed on Wednesday, as transport costs fell back.
Record inflation sees supermarket sales spike
Supermarket sales surged last month, industry data showed on Tuesday, driven by historic levels of food inflation.
German business sentiment improves in December - ZEW
German business sentiment improved a little in December, according to a survey released on Tuesday by the ZEW Center for European Economic Research in Mannheim.
German inflation ticks lower
German inflation nudged lower in November, official data showed on Tuesday, as energy prices softened.
UK unemployment rate ticks higher
The number of people unemployed ticked higher in October, official data showed on Tuesday, as real term wages fell.