News And Announcements
Rise in UK borrowing limits Hunt's scope for tax cuts
Britain's budget deficit in August was slightly higher than expected, according to official data published on Thursday, meaning Finance Minister Jeremy Hunt will have less scope for tax cuts ahead of the General Election.
Sunak waters down key green pledges ahead of election battle
UK Prime Minister Rishi Sunak on Wednesday delayed a ban on new petrol and diesel cars as part of a calculated move to water down plans to achieve net zero carbon emissions by 2050 and play wedge politics ahead of the next general election.
Eurozone construction output pushes higher
Eurozone construction output nudged higher in July, official data showed on Wednesday, following gains in the bloc’s major economies.
UK house-price growth slowed in July, ONS says
The rise in UK house prices slowed dramatically in July, according to data out on Wednesday from the Office for National Statistics.
UK inflation unexpectedly falls to 19-month low
UK inflation unexpectedly fell in August, with the core measure of price growth slowing dramatically, adding to hopes that the Bank of England's next interest-rate hike could be its final one in the current cycle.
Eurozone inflation revised down to 5.2% in August
Inflation in the Eurozone unexpectedly slowed last month, as Eurostat revised down earlier 'flash' estimates for August on Tuesday.
Subdued August weighs on UK house prices
A subdued August left UK house prices largely unchanged, industry research showed on Monday.
Brookfield exploring partial sale of Center Parcs to investors
Brookfield Property Partners, the owner of the holiday resort operator Center Parcs UK & Ireland, is in preliminary talks with some of its fund investors regarding the sale of a stake in the chain, it emerged on Friday.
Chinese retail sales and industrial output jump
A raft of data from China out on Friday showed signs that the world's second largest economy may be stabilising after months of weaker-than-expected economic indicators.
ECB hikes rates by 25 basis points but signals end of tightening
The European Central Bank lifted interest rates to a record high on Thursday as it looks to tackle inflation.
UK house prices continue to fall - Rics
House prices fell sharply last month, industry research showed on Thursday, as higher mortgage rates continued to hit home.
Serious Fraud Office charges four people over Patisserie Valerie collapse
The Serious Fraud Office (SFO) announced on Wednesday that it had charged four people, including a former director, in connection with the financial collapse of Patisserie Valerie.
Eurozone industrial production slides in July
Industrial production fell more sharply than expected across the Eurozone in July, official data showed on Wednesday.
UK GDP shrinks more than expected in July
The UK economy contracted more than expected in July as strikes and poor weather took their toll, according to figures released on Wednesday by the Office for National Statistics.
Poundland set to buy 71 Wilko locations
Another 71 Wilko stores were set to change nameplates, it emerged on Tuesday afternoon, as Poundland stepped in to acquire the locations.
German investor sentiment unexpectedly improves in September - ZEW
Investor sentiment in Germany unexpectedly improved in September, according to a survey released on Tuesday.
UK grocery inflation slows, Aldi and Lidl take more market share
Prices at UK supermarkets rose at their slowest pace in a year last month, but that wasn't enough to stop the vast majority of shoppers worrying about the cost of their shopping.
UK average earnings growth unchanged at record high
UK wage growth remained at its highest level in 22 years in July, but the unemployment rate ticked higher, according to figures released on Tuesday by the Office for National Statistics.
European Commission cuts economic growth expectations
The European Commission unveiled its summer 2023 economic forecast on Monday, cutting its expectations for growth across the eurozone and the wider 27-member European Union.
Passenger numbers rise as Heathrow recovers from last summer's chaos
Heathrow Airport reported strong growth in August’s passenger numbers on Monday, as well as heightened passenger satisfaction, making for a stark contrast to the travel chaos of summer 2022.