News And Announcements
Berkeley Group FY profits rise but outlook cautious
Housebuilder Berkeley Group posted a 9. 5% jump in full-year pre-tax profit on Wednesday but struck a cautious note over the outlook.
UK inflation unchanged in May at 8.7%; core inflation at 31-year high
UK consumer price inflation came in higher than expected in May, while core inflation hit a 31-year high, according to figures released on Wednesday by the Office for National Statistics.
Grocery price inflation eases to slowest monthly rate this year - Kantar
Grocery price inflation has eased to its lowest monthly level this year, according to industry data released on Tuesday.
PBOC cuts two key lending rates
The People’s Bank of China cut two key lending rates on Tuesday as it looks to bolster the economy.
Goldman Sachs cuts China growth forecasts
Goldman Sachs has cut its growth forecasts for China, arguing that after a strong start in the first quarter, the country’s post-reopening recovery "appears to have fizzled out in Q2" and that government stimulus won’t be enough.
House prices edge lower - Rightmove
House prices edged lower in June, an industry survey showed on Monday, the first monthly drop so far this year.
UK retail sales spark in warm weather
UK retail sales strengthened last week, industry data showed on Friday, as the warm weather helped boost demand for clothing.
Bank of Japan leaves rates unchanged
The Bank of Japan maintained its loose monetary policy on Friday and left interest rates unchanged, in line with expectations.
E.ON Next fined £5m for customer service failings
E. ON Next Energy has been fined £5m by the UK industry regulator for “severe weakness” in customer service, it was announced on Wednesday.
UK economy returns to growth in April
The UK economy returned to growth in April thanks to a rebound in the services sector, according to figures released on Wednesday by the Office for National Statistics.
German business sentiment improves in June - ZEW
German business sentiment improved in June, according to a survey released on Tuesday by the ZEW Center for European Economic Research in Mannheim.
Strong wage growth pushes gilt yields above mini Budget levels
Gilt yields spiked on Tuesday, as strong wage growth data pointed to further interest rate hikes.
German inflation slows as energy prices cool
German inflation continued to slow in May, official data showed on Tuesday, in line with expectations.
UK wage growth strengthens
The UK unemployment rate was a touch lower than expected in three months to April, while wage growth strengthened, according to figures released on Tuesday by the Office for National Statistics, putting pressure on the Bank of England to keep raising interest rates.
Ashtead hails record full year amid 'robust' end markets
Equipment rental firm Ashtead hailed a record full-year performance on Tuesday amid "robust" end markets and a strong performance across all geographies.
Further rates rises 'cannot be ruled out' - Haskel
Further increases to the cost of borrowing "cannot be ruled out", a member of the Bank of England’s rate setting committee warned on Monday.
KPMG boosts UK growth forecasts but risks remain
The UK will narrowly avoid recession, a report predicted on Monday, but growth will be weak with risks still heavily skewered to the downside.
UK to avoid recession - CBI
The UK will avoid recession, the Confederation of British Industry forecast on Monday, boosted by an improving global outlook and falling wholesale energy prices.
Heathrow reports sizeable bump in May passenger numbers
London's Heathrow Airport reported a significant boost in passenger traffic and transatlantic flights during the month of May on Monday.
Which formally complains about 'misleading' Tesco promotional pricing
Consumer campaign group Which raised concerns over Tesco's pricing practices on Friday, suggesting that the lack of clear pricing on the majority of its food and drink promotions could be violating the law.