News And Announcements
US manufacturing PMI falls in December flash reading
A flash reading of S&P Global's US manufacturing PMI fell to 48. 2 in December, the lowest level seen in four months, compared to 49. 4 in November and forecasts of 49. 3.
Ofgem mulls price cap rise to tackle record bad debt
Ofgem is proposing increasing the price cap, it was confirmed on Friday, to help suppliers to recover £3bn of bad debt.
UK house prices set to fall in 2024
House prices are expected to remain under pressure in 2024, according to industry forecasts published on Friday, as high interest rates continue to stretch affordability.
UK business activity hits six-month high in December
UK business activity rose to a six-month high in December,, according to a survey released on Friday.
UK consumer confidence ticks higher in December - GfK
UK consumer confidence edged higher in December, a long-running survey showed on Friday, as people became more optimistic for the year ahead.
ECB leaves interest rates on hold
The European Central Bank left interest rates unchanged on Thursday, as widely expected.
US jobless claims unexpectedly fall
The number of Americans filing for unemployment benefits fell last week, according to data released on Thursday by the Labor Department.
Bank of England leaves interest rates on hold
The Bank of England left interest rates on hold at 5. 25% on Thursday, as widely expected.
Amazon wins court battle over Luxembourg back taxes
Luxembourg's Court of Justice of the European Union (CJEU) ruled on Thursday that Amazon does not have to pay €250m in back taxes to Luxembourg.
Norway's central bank hikes interest rates again
Norway's central bank hiked rates again on Thursday, as it looked to combat inflation.
Outlook for UK housing market strengthens - RICS
The UK housing market showed signs of stabilising in November, an industry survey showed on Thursday, although higher interest rates continued to weigh heavily.
Swiss National Bank leaves rates on hold
The Swiss National Bank kept its policy rate unchanged at 1. 75% on Thursday, in line with expectations.
UK economy shrinks 0.3% in October
The UK economy unexpectedly shrank in October, with all three sectors contracting, according to figures released on Wednesday by the Office for National Statistics.
UK rail station caterers 'charging 10% premium' for food - ORR
Britain's railway station catering market is uncompetitive, stifling investment in stations and forcing passengers to at least 10% more for their sausage rolls and coffees, the industry regulator said on Tuesday.
New mortgage commitments tumble - BoE
New mortgage commitments tumbled in the third quarter, official data showed on Tuesday, as higher interest rates weighed on the UK housing market.
Germany investor sentiment strengthens - ZEW
Investor sentiment ticked higher in Germany this month, a closely-watched survey showed on Tuesday, despite the country’s faltering economy.
Ofcom proposes ban on inflation-linked price rises
Telecom firms were in the red on Tuesday, as the sector’s regulator proposed a ban on inflation-linked mid-contract price rises.
UK unemployment rate holds steady
The amount of people out of work remained unchanged in October, official data suggested on Tuesday, while wage growth cooled.
UK manufacturing sector sees output jump - Make UK
The UK manufacturing sector saw output surge in the fourth quarter, an industry survey showed on Monday, outpacing orders.
House prices dip in December - Rightmove
The UK housing market showed tentative signs of stabilising in December, industry research suggested on Monday, despite a further slide in house prices.