News And Announcements
Deliveroo to axe 350 jobs
Food delivery company Deliveroo said on Thursday that it was planning to cut around 9% of its workforce, or 350 jobs, amid a slowdown in demand due to the cost-of-living crisis.
Sunak to meet business leaders on Friday to discuss trade issues - report
Prime minister Rishi Sunak will reportedly hold talks on Friday with executives from some of the world’s biggest companies as he seeks fresh ideas to boost Britain’s economic prospects.
FRC head to chair HS2 - report
The chief executive of the Financial Reporting Council is being lined up as the next chair of the High Speed 2 rail link, it was reported on Thursday.
Inflation 'guaranteed' to fall this year - Bank of England
The governor of the Bank of England has told lawmakers inflation has likely “turned a corner” and would continue falling throughout 2023.
England and Wales house prices rise modestly in January
House prices in England and Wales rose modestly in January, despite the drag from prices in Greater London, the results of a closely followed survey revealed.
UK house prices continue to soften
The UK house market continued to falter last month, industry research showed on Thursday, as prices and sales both fell in response to higher mortgage costs.
UK to narrowly avoid recession despite cost-of-living hit - NIESR
The UK will narrowly avoid recession, a think tank forecast on Wednesday, but warned it would still feel like one for millions as the cost-of-living crisis continues to bite.
UK house prices stabilise in January - Halifax
UK house prices stabilised in January following four months of falls, according to a survey released on Tuesday by mortgage lender Halifax.
German industrial production falls more than expected
German industrial production fell much more than expected in December, according to figures released by Destatis on Tuesday.
UK retail sales start new year on back foot
UK retail sales growth slowed last month, industry data showed on Tuesday, as the festive boost faded.
Eurozone retail sales fall more than expected in December
Eurozone retail sales fell a little more than expected in December, according to figures released on Monday by Eurostat.
UK new car registrations jump in January
New car registrations jumped in January, industry data showed on Monday, despite ongoing supply chain pressures.
EZ investor morale improves in Feb but stagflation fears remain - Sentix
Eurozone investor morale in February showed improvement for the fourth consecutive month, but was still in negative territory as worries over a stagnant economy remained, a Sentix survey showed on Monday.
UK construction activity falls at fastest pace since May 2020
Activity in the UK construction sector fell in January at its fastest pace since May 2020 as house building took a hit, but business optimism rebounded, according to a survey released on Monday.
FCA blocks thousands of misleading ads
The financial regulator blocked more than 8,500 adverts last year, as it looked to crack down on misleading promotions and social media influencers.
UK service sector starts year on back foot
The UK service sector continued to struggle last month, a closely-watched survey showed on Friday, as weaker demand pushed output to a two-year low.
Eurozone economy grows for first time since June 2022
The eurozone economy grew in January for the first time since June 2022, according to a survey released on Friday.
UK Q4 average motor insurance costs rise 8% - ABI
Britons paid 8% more for motor insurance over the last three months of 2022, the Association of British Insurers (ABI) said on Friday.
China services activity expands more than expected
Activity in China’s services sector expanded more than expected in January as Covid curbs were eased, according to data released on Friday.
January sales help boost retail footfall
Retail footfall strengthened last month, industry data showed on Friday, as shoppers sought out a bargain in the January sales and employees headed back to the office.