News And Announcements
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UK mortgage approvals hit 18-month high - BoE
Mortgage approvals continued to rise in March, official data released on Tuesday showed, to reach an 18-month high.
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German economy avoids recession, labour market resilient
The German economy avoided recession in the first quarter of the year, with modest 0. 2% growth reported on Tuesday, surpassing analysts' expectations.
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China's manufacturing sector gathers pace in April
China’s manufacturing sector continued to strengthen in April, closely-watched data published on Tuesday showed.
German retail sales post unexpected 1.8% rise in March
German retail sales posted a higher-than-expected by 1. 8% rise in March compared with the previous month, according to official data published on Tuesday.
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UK shop price inflation drops to 28-month low
Price increases at UK tills fell to their lowest since the end of 2021 in April, according to figures released on Tuesday by the British Retail Consortium and NielsenIQ, as food inflation eased for the 12th straight month.
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European economic sentiment takes a hit in April
Economic sentiment took a hit across both the eurozone and the wider EU in April, according to survey data released on Monday, alongside a downturn in employment expectations.
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Demand for smaller homes pushes up house prices - Halifax
UK house prices jumped by nearly 2% over the last year, industry data showed on Monday, driven by demand for smaller homes.
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Thousands of UK firms fighting for survival - Begbies Traynor
More than half a million UK business are fighting for survival, according to an industry research published on Friday, weighed down by the weak economy.
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UK consumer confidence edges higher - GfK
UK consumer confidence edged higher in April, a long-running survey showed on Friday, as falling inflation helped boost sentiment.
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Turkey central bank holds interest rates at 50%
Turkey’s central bank left interest rates on hold on Thursday at 50% as it said it was keeping a close eye on inflation.
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UK retail sales tumble in April - CBI
The UK retail sector was hit by a surprise slump in sales in April, a closely-watched industry survey showed on Thursday.
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Labour lays out plans to renationalise UK's railways
Labour promised to renationalise the UK’s railway network within five years of taking office on Thursday, in a bid to address the system’s challenges without compensating its existing private operators.
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Germany consumer sentiment picks up - GfK
German consumer sentiment has continued to strengthen, a closely-watched survey showed on Thursday.
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Sentiment picks up across UK manufacturing - CBI
Sentiment across the UK manufacturing sector improved in April, an industry survey showed on Wednesday, as output steadied.
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German business sentiment improves in April - Ifo
German business sentiment improved in April, according to a survey released on Wednesday by the Ifo Institute.
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BoE's Huw Pill says rate cuts still some way off
The Bank of England’s chief economist, Huw Pill, said on Tuesday that rate cuts were still "some way off".
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Tesla announces plans to cut 400 jobs in Germany
Tesla is set to trim around 400 positions at its German gigafactory near Berlin, it emerged on Tuesday, accounting for 3% of the factory's total workforce.
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First rate cut still some way off, BoE's Pill says
The Bank of England's first interest rate cut of the current cycle remains some way off, its chief economist said.
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UK private sector output expands, cost pressures loom
Britain’s private sector saw robust expansion in April, according to fresh data on Tuesday, marking the sixth consecutive month of growth.
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Eurozone business activity grows at fastest rate for a nearly a year
Business activity in the eurozone grew at the fastest pace for nearly a year in April, according to preliminary data released on Tuesday.