News And Announcements
Eurozone inflation rises unexpectedly to 2.6%
Eurozone prices increased marginally faster than anticipated in July, a development that might cause the European Central Bank (ECB) to reconsider its plans for further rate reductions.
Shop price inflation unchanged but pressures 'lurking' - BRC
UK shop inflation was unchanged in July, but cost pressures were "lurking over the horizon" as commodity prices remained at risk from climate change and geopolitical tensions, according to the British retail Consortium.
UK govt abandons NatWest share sale; to hold Budget Oct 30
The UK government has abandoned a plan to sell its remaining stake in NatWest Bank to the public, said Finance Minister Rachel Reeves, who added that she would hold deliver a Budget statement on October 30.
Evri planning to add 9,000 jobs under new ownership
Parcel delivery firm Evri announced plans to hire 9,000 new workers on Monday, in response to surging online shopping demand.
UK mortgage approvals edge lower
Mortgage approvals in the UK fell marginally in June as the upwards momentum seen earlier this year continues to tail off, though there are signs that the housing market is beginning to stabilise.
UK job vacancies drop almost 20pc despite economic growth
The UK job market saw a downturn in June, with job vacancies plummeting by almost a fifth - 19. 49% - according to fresh data on Monday, suggesting that recent economic growth had not yet translated into hiring.
Drivers pay £1.6bn too much in weak petrol market - CMA
The Competition and Markets Authority (CMA) reported on Friday that weakened competition among fuel retailers had led to UK drivers paying over £1. 6bn more than they should have in 2023.
HSBC, Lloyds among banks found in violation of CMA rules
Four major high street banks - HSBC, Lloyds, TSB, and Allied Irish Banks (AIB) - have been found in violation of rules set by the Competition and Markets Authority (CMA), it emerged on Thursday.
UK car production falls in June as manufacturers retool
Automobile output in the UK fell in June as carmakers retooled lines to produce electrified models, a business lobby group said.
German business sentiment deteriorates in July - Ifo
German business sentiment unexpectedly deteriorated in July, according to a survey released on Thursday by the Ifo Institute.
UK private sector expands as new business growth accelerates
Private-sector activity in the UK has expanded for the ninth straight month, with new business growth at its highest level in more than a year, according to the composite purchasing managers' index (PMI) released on Wednesday by S&P Global.
UK consumer confidence subdued - GfK
Consumer confidence remained subdued in July, a long-running survey showed on Friday, as people adopted a "wait and see" approach following the general election result.
UK retail sales slide in June - ONS
UK retail sales fell by more than expected in June, official data showed on Friday, partially reversing May’s jump.
Government borrowing higher than forecast in June - ONS
Public sector borrowing came in higher than expected in June, official data showed on Friday.
House purchases delayed as BoE's CHAPS system hit
The Bank of England said on Thursday that its CHAPS service has been hit by a global payments issue, delaying some high value and time-sensitive payments, including house purchases.
UK wage growth eases, vacancies fall
UK wages grew at their slowest pace in nearly two years in the three months to May, according to figures released on Thursday by the Office for National Statistics.
UK house price growth accelerates, rent inflation stays elevated
The annual increase in UK house prices accelerated sharply in May, while rent inflation stayed close to multi-year highs, according to the latest data released on Wednesday by the Office for National Statistics.
EZ June inflation confirmed at 2.5%
Inflation in the eurozone fell to 2. 5% in June from 2. 6% in May, in line with the flash estimate published on July 2, according to official data published on Wednesday.
UK inflation holds steady at 2%
UK inflation was unchanged in June, official data showed on Wednesday, in line with the Bank of England’s target.
Euros see supermarket sales grow despite poor weather
Take-home sales at supermarkets rose by 2. 2% over the four weeks ended 7 July, according to fresh industry data released on Tuesday, driven by summer events and evolving consumer preferences.