News And Announcements
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Heavy rainfall sees retail footfall plummet
Retail footfall plunged last month, industry data showed on Friday, as the unusually wet weather kept shoppers at home.
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OECD's Lombardelli named BoE deputy governor
The Bank of England has appointed OECD chief economist Clare Lombardelli a deputy governor, it was announced on Thursday.
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Mortgage approvals continue to rise - BoE
Mortgage approvals pushed higher in January, official data showed on Thursday, hitting the highest level since the government's disastrous mini budget in 2022.
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Profits continue to fall across UK service sector - CBI
The UK service sector continued to falter in February, an industry survey showed on Wednesday, as weak demand weighed heavily.
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EasyJet to re-join FTSE 100 in latest reshuffle; Endeavour up for demotion
EasyJet is expected to make its way back into the FTSE 100 in the latest reshuffle due to be announced after the market close on Wednesday.
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FCA looks to expedite cases and improve transparency
The Financial Conduct Authority (FCA) announced plans to expedite and improve the transparency of its enforcement cases on Tuesday, in a bid to increase the deterrent effect of its actions.
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UK shop price inflation slows to 23-month low in February
Shop price inflation in the UK fell to its lowest level in 23 months in February, according to the British Retail Consortium-NielsenIQ Shop Price Index released on Tuesday.
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Business sentiment in Germany strengthens slightly
Investor sentiment brightened modestly in Germany this month, a closely-watched survey showed on Friday, despite the economy continuing to falter.
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Energy bills to fall as Ofgem trims price cap
The cap on gas and electricity charges will fall from April, the energy regulator confirmed on Friday, cutting most household bills.
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German economy shrinks by 0.3% in Q4, as expected
The German economy contracted by 0. 3% on the quarter in the fourth quarter, according to data released on Friday by Destatis, in line with the initial estimate and consensus.
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UK consumer confidence eases in February - GfK
Consumer confidence faltered in February, a closely-watched survey showed on Friday, as concerns about the economy continued to weigh heavily.
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UK private-sector activity hits nine-month high
Private-sector activity in the UK picked up to a nine-month high in February as solid service-sector growth made up for continued weakness in manufacturing.
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Eurozone inflation edges lower in January
Eurozone inflation edged lower last month, official data showed on Thursday, as widely expected.
Eurozone activity downturn easing as services recover - PMI
The downturn in the eurozone services sector showed signs of easing, although manufacturing was still in the doldrums, according to a widely-watched survey published on Thursday.
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Germany slashes growth forecasts for 2024
Germany sharply lowered its economic forecasts on Wednesday, in response to faltering global demand and growing geopolitical uncertainty.
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UK manufacturing conditions still 'challenging' - CBI
The UK manufacturing sector continued to falter this month, industry research showed on Wednesday, although order books showed signs of improvement.
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UK borrowing surplus hits record high
The UK notched up a record monthly borrowing surplus in January, official data showed on Wednesday, despite it narrowly missing forecasts.
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CMA launches market study into supply of infant formula
Watchdog the Competition and Markets Authority has launched a market study into the supply of infant formula in the UK, after first looking into the market back in November 2023.
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PBoC trims five-year loan prime rate more than expected
Rate-setters in China took decisive steps to bolster its property market on Tuesday, by implementing the first cut in its benchmark five-year loan prime rate since June.
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Restructure could see Esken lose control of Southend Airport
The company formerly known as Stobart Group could give up control of London’s least-busy commercial airport, it emerged on Monday, as part of a possible restructuring with creditors.