News And Announcements
UK service sector loses momentum
The recovery in the UK service sector lost momentum in June, a closely-watched survey showed on Wednesday, as rising interest rates weighed on demand.
Electric cars drive June UK sales as SMMT calls for VAT cut on charging
UK new car sales surged by 25. 8% year-on-year in June, driven by solid demand for electric vehicles (EV) from firms and fleet buyers, according to industry figures released on Wednesday.
FCA summons bank chiefs over low savings rate concerns
The Financial Conduct Authority (FCA) has called on the chief executives of major banks to address concerns over the low savings rates being offered to customers, it emerged on Tuesday.
FCA warns insurers over treatment of vulnerable customers
The Financial Conduct Authority (FCA) issued a warning to home and motor insurers on Monday, urging them to improve their treatment of vulnerable customers and enhance their claims handling processes.
CMA proposes fuel price monitor as margins widen
The Competition and Markets Authority (CMA) put forth a plan to help drivers access more competitive fuel prices on Monday, in a bid to address weakening competition in the retail petrol market.
Novacyt to buy Yourgene Health in £16.7m deal
Yourgene Health surged on Monday after it agreed to be bought by Novacyt in a £16. 7m deal.
Downturn in UK manufacturing sector deepens in June
The downturn in the UK manufacturing sector deepened in June, according to data released on Monday.
China’s manufacturing activity slows in June
Activity in China’s manufacturing sector slowed in June, according to data released on Monday.