News And Announcements
UK economy returns to growth in January
The UK economy returned to growth in January, according to data released on Friday by the Office of National Statistics, raising hopes that a recession will be avoided.
Lenders must help struggling borrowers - FCA
Mortgage providers must support struggling borrowers, the financial regulator reiterated on Friday, as it warned that an additional 356,000 households were at risk of falling into financial difficulty.
Tight labour market continuing to hit UK firms - ONS
More than a quarter of British companies were hit by worker shortages last month, a survey from the Office for National Statistics showed on Thursday.
Chinese inflation eases more than expected
Chinese consumer price inflation eased more than expected in February, according to data released on Thursday by the National Bureau of Statistics.
UK housing market still falling, but glimmer of optimism appears - RICS
Britain’s housing market is still falling but there are indications that pessimism is easing, according to a closely-watched surveyors survey.
US private sector adds more jobs than expected
Private sector employment in the US rose more than expected in February, according to the latest data from ADP.
BoE's Dhingra says rate rise would harm economy
Further rises in UK interest rates could harm an already weakened economy and hard-pressed households, a Bank of England policymaker warned on Wednesday.
Eurozone economy stagnates in Q4
The eurozone economy stagnated in the final quarter of last year, according to data released on Wednesday by Eurostat.
BoE's Mann warns on risk of 'greedflation' as firms exploit price rises to hold margins
Bank of England policymaker Catherine Mann on Tuesday said she was concerned UK companies could be using the cost of living crisis to hide price increases, known as “greedflation”.
BoE's Mann warns sterling could fall further
Bank of England policymaker Catherine Mann cautioned on Tuesday that sterling could weaken further if investors have not yet fully priced in hawkish comments from the US Federal Reserve and the European Central Bank.
German factory orders make surprise 1% jump in January
German January factory orders recorded a surprise 1% increase, driven by aircraft orders, official data revealed on Tuesday.
UK house prices rise in February as mortgage rates decline
UK house prices rose in February as mortgage rates fell and consumer confidence improved, according to the latest data released on Tuesday by Halifax.
Valentine's Day helps boost retail sales - BRC
Retail sales sparked in February, industry research showed on Tuesday, as consumers splashed out on Valentine’s Day presents.
China sets modest growth target for 2023
China is aiming for economic growth of just 5% this year, its lowest target for decades, as the country looks to restore economic stability.
ECB’s Lane says rates to rise further after March increase
The European Central Bank’s chief economist said on Monday that the Bank will likely need to increase borrowing costs further after next week’s planned hike.
Construction sector rebounds as outlook strengthens
Business activity in the UK construction sector jumped last month, a closely-watched survey showed on Monday, beating expectations.
Eurozone economic sentiment unexpectedly deteriorates
Investor sentiment in the eurozone unexpectedly deteriorated in March, according to data released on Monday.
Contraction in eurozone construction sector eases in February
The downturn in the eurozone construction sector eased a little in February, according to a survey released on Monday.
UK car sales surge in typically quiet month
UK car sales surged in February as train fares rose at the steepest annual clip in more than a decade.
UAE said to consider leaving Opec, oil prices slide
Oil prices slid on Friday following a report that the United Arab Emirates is considering leaving the Opec cartel of oil producing countries.