News And Announcements
UK economy to stagnate in 2024 - CBI
UK economic growth is likely to remain tepid next year, the Confederation of British Industry warned on Monday, as higher interest rates continue to hit home.
Nationwide hands redundancy notices to nearly 500 staff
Nationwide Building Society has told 470 of its staff that they are at risk of redundancy, it emerged on Friday.
US consumer sentiment improves in December
US consumer sentiment improved in December as worries about inflation receded, according to a survey released on Friday by the University of Michigan.
Non-farm payrolls rise more than expected in November
The US economy added more jobs than expected in November, according to data released on Friday by the Bureau of Labor Statistics.
CMA invites comments on Microsoft-OpenAI partnership
The Competition and Markets Authority initiated a public consultation to gather opinions on the partnership between Microsoft and OpenAI on Friday.
Recruitment slumps on weaker economic backdrop
Recruitment fell sharply in November, an industry survey showed on Friday, as economic uncertainty saw employers cut back on hiring.
FCA sets out new rules to prevent fully cashless society
The Financial Conduct Authority (FCA) has declared that certain banks and building societies will still need to hold cash despite the UK's continuing shift to digital payments.
Eurozone economy stalls in third quarter
Europe’s economy stalled in the third quarter, official data showed on Thursday, leaving it a risk of recession.
UK house prices rise amid property shortage - Halifax
UK house prices rose for the second month in a row in November, boosted by a shortage of properties, according to figures released by Halifax on Thursday.
Full impact of higher interest rates yet to be felt - BoE
The Bank of England warned on Wednesday that the risk environment remained "challenging", with both businesses and households yet to feel the full impact of higher interest rates.
US private sector adds fewer jobs than expected in November
Private sector employment in the US rose less than expected in November, according to figures released on Wednesday by ADP.
Coventry Building Society in talks to take over Co-op Bank
Coventry Building Society, one of Britain’s largest building societies, is looking at a takeover of the Co-operative Bank, it was reported on Wednesday.
UK construction activity contracts further in November
Activity in the UK construction sector declined for the third consecutive month in November on the back of another sharp drop in residential housebuilding.
Eurozone construction falters on weaker demand
The eurozone’s construction sector continued to struggle in November, a closely-watched survey showed on Wednesday, as demand faltered.
German factory orders unexpectedly slump in October
German factory orders unexpectedly slumped in October, according to figures released on Wednesday by Destatis.
UK services sector returns to growth in November
The UK services sector returned to growth in November, according to a survey released on Tuesday.
London Stock Exchange hit by outage
The London Stock Exchange said on Tuesday that it was investigating an issue with its trading information system, with trading in small cap stocks affected.
UK grocery sales to hit a record £13bn in December
UK grocery sales are expected to top £13bn in December for the first time ever on the back of rising prices and Christmas celebrations, according to market research agency Kantar.
China's services sector grows more than expected in November - Caixin
China’s services sector grew more than expected in November, according to data released on Tuesday.
UK retail sales growth underwhelms as cost-of-living crisis hits Christmas spending
UK retail sales grew by an underwhelming amount in November despite shops stepping up their discounts leading up to Black Friday, data from KPMG and the British Retail Consortium showed on Tuesday, as cautious consumers chose to delay their Christmas spending.