News And Announcements
UK manufacturing output forecast to fall sharply
UK manufacturing output is expected to tumble, an industry survey showed on Monday, after the sector was rocked by higher costs and weakening consumer demand.
Coal-fired plants put on standby as cold snap intensifies
National Grid has ordered two coal-fired generators be readied for use after temperatures plunged across the UK.
Microsoft takes 4% stake in LSEG in 10-year partnership
Microsoft has bought a 4% stake in London Stock Exchange Group as part of a 10-year strategic partnership for next-generation data and analytics and cloud infrastructure solutions.
Heathrow passenger numbers fall in November
Heathrow said on Monday that 5. 6m people had travelled via the airport in November, down from 5. 9m in October, but highlighted that 55. 0m passengers had passed through its doors year-to-date - nearly 70% of 2019's pre-Covid levels.
Metro Bank fined £10m for 2018 breach of FCA rules
The Financial Conduct Authority has fined Metro Bank £10m for breaching the listing rules by publishing incorrect information to investors, it announced on Monday.
UK economy bounces back but still headed for recession
The economy returned to growth in October, according to figures released on Monday by the Office for National Statistics, but the UK is still heading for recession.
UK house prices drop 2.1% in December
UK house prices have fallen 2. 1% to £359,137 so far in December as most Britons continue to hold out hope for a calmer property market in 2023.
UK's Hunt plans to repeal post-financial crisis protections in bid for 'growth'
The UK government has unveiled plans to water down regulations introduced to safeguard the economy after the bank-induced 2008 financial crash in an attempt to boost economic growth.
China consumer price inflation eases in November
Consumer inflation eased in China in November, according to figures released on Friday.
'Think carefully' before flying this Christmas, UK home secretary warns
UK Home Secretary Suella Braverman has warned people to "think carefully" about flying this Christmas after UK Border Force staff voted in favour of industrial action.
UK house prices fall as borrowing costs mount
House prices fell across the UK last month, a closely-watched survey showed on Thursday, as higher borrowing costs and the weakened economic outlook weighed on sentiment.
FCA fines BGC/GFI for failures connected to market abuse detection
The Financial Conduct Authority has slapped inter-dealer brokers BGC Brokers, GFI Brokers, and GFI Securities a total of £4. 77m for failing to ensure they had appropriate systems and controls in place to effectively detect market abuse.
Compensation launched for first Post Office software victims
A long fought-for compensation scheme for subpostmasters affected by the Post Office accounting software scandal was announced on Wednesday,.
UK house prices suffer biggest monthly fall since October 2008 - Halifax
UK house prices suffered their biggest monthly decline in November since the global financial crisis in October 2008, amid rising mortgage rates, according to a survey released on Wednesday by lender Halifax.
China Nov exports, imports fall more than expected
China’s dollar-denominated exports in November fell a more than expected 8. 7% year on year to $296bn, compared with a decline of 0. 3 per cent in October, according to official data released on Wednesday.
Eurozone Q3 GDP revised upwards
Economic growth for the eurozone economy in the third quarter has been revised upwards from preliminary estimates, driven by fixed capital investment and household spending.
US trade deficit widens in October
The US trade deficit widened in October to $78. 2bn from $74. 1bn in September, according to data released on Tuesday by the Commerce Department.
EC mulls sanctions on Russia mining industry - report
The European Commission is considering banning new investments in Russia’s mining sector, it was reported on Tuesday, as part of a fresh package of sanctions.
UK construction sector stumbles
The UK construction sector faltered last month, a closely-watched survey showed on Tuesday, as higher borrowing costs and the weaker economic outlook curbed demand.
Grocery inflation nudges lower for first time in 21 months
Food inflation eased marginally in November, industry data showed on Tuesday, the first decline in nearly two years.