News And Announcements
UK wage growth eases but outstrips inflation
UK wage growth eased in the three months to September, but earnings growth outstripped inflation, while the unemployment rate was unchanged, according to figures released on Tuesday by the Office for National Statistics.
Heathrow passenger numbers jump 18% in October
The number of passengers passing through London Heathrow was up 18% year-on-year in October, the airport announced on Monday.
House prices fall in November - Rightmove
UK house prices fell sharply in November, industry data showed on Monday, as sellers trimmed expectations to secure sales.
High street sales push higher - BDO
UK retail sales pushed higher last week, industry data showed on Friday, as people stocked up for Halloween and Bonfire Night.
UK economy stagnates in third quarter
The UK economy stagnated in the third quarter, according to figures released on Friday by the Office for National Statistics.
UK mortgage arrears jump in Q3 as higher rates bite
The number of mortgages in arrears increased in the third quarter of 2023, with buy-to-let (BTL) mortgage holders suffering the worst, according to figures out Thursday by UK Finance.
BoE chief economist Pill backs 'restrictive' monetary policy
The Bank of England’s chief economist backed keeping interest rates at their current record levels on Thursday, as the central bank continued to prioritise tackling inflation.
House price decline showing tentative signs of stabilising - RICS
UK house prices remained under pressure in October, a closely-watched survey showed on Thursday, although the pace of decline appeared to be steadying.
China falls back into deflation as pork prices tumble
China fell back into deflationary territory in October as pork prices slid, according to data released on Thursday by the National Bureau of Statistics.
Weakness persists across most European sectors in October
General demand weakness persisted across European sectors in October, with the latest S&P Global Europe sector purchasing managers’ index (PMI) data indicating sluggish growth.
China's exports slide as imports unexpectedly jump
China saw a steeper-than-expected fall in exports last month, trade data showed on Tuesday, while imports surprised to the upside.
Reserve Bank of Australia ups interest rates
Australia’s central bank lifted interest rates to a 12-year high on Tuesday, in response to persistent inflation.
UK house prices rise in October for first time since March - Halifax
UK house prices rose in October amid constrained supply, after six consecutive monthly falls, but demand remains weak overall, according to data released by Halifax on Tuesday.
UK retail sales growth slows as shoppers delay Christmas spend
UK retail sales growth slowed to an annual rate of 2. 5% in October, according to figures released Tuesday by the British Retail Consortium and KPMG, as milder weather and deal-hunting delayed seasonal spending.
British Steel confirms plans that could lead to 2,000 job losses
British Steel confirmed plans that unions warn could lead to the loss of 2,000 jobs in Scunthorpe on Monday afternoon.
Korean markets surge on reinstatement of short-selling ban
South Korean stocks surged on Monday in response to a reinstated ban on short-selling from financial authorities.
UK new car registrations up 14% in October
UK new car registrations rose roughly 14% in October, marking the 15th consecutive monthly increase as the automotive industry continues to recover from supply chain issues stemming from the Covid-19 pandemic.
Housebuilding weighs as UK construction output falls again
Output in the UK construction sector fell again in October, weighed down by weakness in housebuilding, according to a survey released on Monday.
US economy adds fewer jobs than expected in October
The US economy added fewer jobs than expected in October, according to data released on Friday by the Bureau of Labor Statistics.
CMA secures data commitments from Amazon and Meta
The Competition and Markets Authority announced on Friday that it has separately secured commitments from two major tech giants, Amazon and Meta Platforms, to promote fair competition on their respective retail platforms.