News And Announcements
UK consumer confidence jumps - GfK
UK consumer confidence strengthened in April, a long-running survey showed on Friday, despite soaring food prices and inflation.
Citi sees UK rates topping out at 4.75%
Economists at Citi reaffirmed its view that interest rates in the UK were more likely than not to peak during the second quarter of 2023 and for a cut in the last three months of the year.
GSK 'sticks two fingers up' as workers vote for strike action
Pharmaceuticals giant GSK is set to face a series of walkouts throughout May, it emerged on Wednesday, as hundreds of its workers who are members of the Unite union voted for strike action over a pay dispute.
Construction output strengthens in Eurozone
The Eurozone’s construction sector strengthened in February, official data showed on Wednesday.
UK house price growth continues to slow
House price growth slowed in February for the third consecutive month, official data showed on Wednesday.
UK inflation misses forecasts as food prices soar
UK inflation declined by less than expected last month, official data showed on Wednesday, as record food prices continued to mount.
UK unemployment rate ticks higher
The UK unemployment rate ticked higher in the three months to February, according to figures released on Tuesday by the Office for National Statistics.
BofA says UK inflation set to slide, but rate cuts not 'imminent'
Economists at Bank of America forecast that UK consumer price gains would slide from a rate of 10. 4% for February to 3. 8% by October.
BoE fines former TSB Bank exec over IT failures
The Bank of England said on Thursday that it has fined the former chief information officer of TSB Bank for failings related to its 2018 IT migration programme.
Eurozone industrial production rises more than expected in February
Eurozone industrial production rose more than expected in February, according to figures released on Thursday by Eurostat.
UK house prices continue to fall - Rics
UK house prices were expected to continue falling but property surveyors expect the market to stabilise over the next year as borrowing costs ease, according to data released on Thursday.
PZ Cussons backs FY expectations as Q3 revenues rise
Imperial Leather maker PZ Cussons backed its full-year expectations on Thursday as it posted a rise in third-quarter revenues as price increases underpinned margins.
German inflation confirmed easing in March
German inflation continued to soften last month due to falling energy costs, with consumer prices rising by 7. 4% on an annual basis, but lower than the 8. 7% rate recorded in the first two months of the year, according to official final data released on Thursday.
UK economy stagnates in February
The UK economy stagnated in February as strikes dented productivity, according to figures released on Thursday by the Office for National Statistics.
Bank of Canada leaves rates unchanged, lifts growth forecast
The Bank of Canada left interest rates unchanged at 4. 50% on Wednesday, as expected, and upgraded its growth forecast for this year.
UK house sales back to pre-Covid levels - Rightmove
UK home sales in March have rebounded close to pre-Covid pandemic levels, driven by demand for flats and a recovery from the market slump last September caused by the disastrous mini-budget of former prime minister Liz Truss, according to real estate agent Rightmove.
UK to remain worst-performing G7 economy - IMF
The UK economy will remain the worst-performing G7 economy this year, according to forecasts published by the International Monetary Fund on Tuesday.
CBI boss Tony Danker sacked after misconduct claims
Confederation of British Industry chief Tony Danker has been dismissed with immediate effect after allegations about his conduct at the influential lobby group.
Eurozone retail sales fall in February
Eurozone retail sales fell in February, in line with consensus expectations, according to figures released on Tuesday by Eurostat.
Eurozone investor sentiment improves more than expected in April
Investor sentiment in the eurozone improved more than expected in April, according to data released on Tuesday.