News And Announcements
Grey weather dampens footfall for UK retailers in August
Poor weather and strong comparisons with last year meant that footfall across the UK retailing sector was down in August, according to stats out Friday from the British Retail Consortium.
Chicago PMI improves more than expected in August
Business activity in the Chicago area improved more than expected in August, according to figures released on Thursday.
US initial jobless claims fall slightly
The number of Americans filing for unemployment benefits fell slightly last week, according to data released on Thursday by the Labor Department.
Wise breached Russia sanctions with £250 payment, says OFSI
The UK government announced on Thursday that financial services firm Wise Payments had violated Russia sanctions regulations in June last year.
UK car production grows for the sixth consecutive month
UK car production marked its sixth consecutive month of growth in July, according to new data released by the Society of Motor Manufacturers and Traders (SMMT).
China's factory activity contracts again in August
Factory activity in China contracted in August for the fifth month in a row, according to data released on Thursday by the National Bureau of Statistics.
German inflation registers slight fall in August
German inflation recorded a slight fall in August, according to preliminary official data released on Wednesday.
UK mortgage approvals and lending drop in July
Mortgage approvals and consumer lending both declined in July as elevated interest rates and the rising cost of living continue to wreak havoc with personal finances.
Eurozone economic sentiment drops in August
Economic sentiment in the eurozone fell a touch more than expected in August, according to a survey released on Wednesday.
US job openings decline in July
The number of job openings at US companies declined in July, according to data released on Tuesday.
US house prices rise again in June
US house prices rose again in June, according to the latest S&P/Case-Shiller national home price index.
Wilko redundancies paused as administrators consider bids
Job cuts for Wilko’s 12,500 staff were reportedly halted on Tuesday, amid ongoing discussions over the future of the troubled retailer.
UK shop price inflation drops to 10-month low
Shop price inflation in the UK slowed to its lowest level in 10 months in August, according to new data out from the British Retail Consortium (BRC).
German consumer sentiment set to deteriorate - GfK
German consumer sentiment is expected to deteriorate next month amid high inflation, according to a survey released on Tuesday by market research group GfK.
German business sentiment deteriorates further
German business sentiment deteriorated further in August, according to a survey released on Thursday by the Ifo Institute.
CMA to study competition and land banks in housebuilder investigation
The Competition and Markets Authority (CMA) has outlined the main areas of the housebuilding market it is investigating to ensure developers are serving consumers in the best way possible.
China relaxes local mortgage policy as property sector struggles
Authorities in Beijing announced a strategic move to counter the declining residential property market overnight on Friday, with a new policy intended to ease its stringent mortgage rules.
UK's Ofgem lowers price cap by 7%, but consumers still face high bills
Britain's energy regulator has lowered the price cap on household bills by about 7% as wholesale prices continue to fall, but customers will still face a tough winter and high bills with no government support.
UK consumer confidence bounces, but remains strongly negative
Consumer confidence among Britons rebounded in August, according to fresh survey data on Friday, although the index remained in the negatives.
UK retail sales slump continues - CBI
British retail sales fell in August at their fastest rate in more 30 months with future prospects not looking much better amid the cost of living crisis, according to an industry survey published on Thursday.