News And Announcements
CMA identifies ‘significant’ concerns over infant formula market
The Competition and Markets Authority said on Friday that it will press ahead with its study of the infant formula and follow-on market after finding earlier this year that prices remained at historically high levels.
Retail sales bounce back in July, boosted by Euros and discounts
Retail sales bounced back in July, albeit a touch less than expected, according to figures released on Friday by the Office for National Statistics.
UK economy grows 0.6% in second quarter
The UK economy grew 0. 6% in the second quarter, down slightly on 0. 7% growth in the first quarter but in line with expectations, according to data released on Thursday by the Office for National Statistics.
UK house prices rise 2.7pc in June
UK house prices jumped 2. 7% in June, according to the Office for National Statistics, unchanged from the prior month's revised estimate.
Inflation rises for first time since December
Consumer price inflation rose in July for the first time since December, albeit less than expected.
Grocery price inflation rises for first time since March 2023
Grocery price inflation in the UK has risen for the first time since March last year, according to fresh data from Kantar on Tuesday.
German business sentiment deteriorates sharply in August - ZEW
German business sentiment deteriorated sharply in August, according to a survey released on Tuesday.
Scotland-Yorkshire power link completes fast-track funding process
The Eastern Green Link 2 (EGL2), a major electricity transmission project connecting Scotland and Yorkshire, has become the first to complete Ofgem’s fast-tracked funding process under the Accelerated Strategic Transmission Investment (ASTI) framework.
UK unemployment rate falls unexpectedly, wage growth slows
The UK unemployment rate fell unexpectedly in June, according to figures on Tuesday by the Office for National Statistics.
Heathrow loses 90,000 transfer passengers due to ETA scheme
Britain's Heathrow Airport said on Monday that passenger numbers had fallen by 90,000 on certain routes following the introduction of a £10 electronic travel authorisation charge that it branded “devastating" for its hub competitiveness.
BoE’s Mann says wage growth still a concern for inflation - report
Catherine Mann, an external member of the Bank of England’s monetary policy committee, has said the UK should not be "seduced" into thinking the battle against inflation is over after a short-term drop in the headline measure targeted by the Bank.
China CPI ticks up more than expected in July
Consumer price inflation accelerated more than expected in July, according to figures released on Friday by the National Bureau of Statistics.
UK housing market picks up as mortgage rate fall, RICS survey shows
The UK house sales market turned a "bit sunnier" last month, according to the latest UK Residential Survey by the Royal Institution of Chartered Surveyors (RICS), with near-term sales expectations now at their strongest in four and a half years.
Ofwat to appoint independent monitor to Thames Water
Ofwat said on Wednesday that it was looking to appoint a monitor to report on Thames Water’s progress in turning the business around after the water company lost two investment grade credit ratings.
UK house prices rise in July after three flat months - Halifax
UK house prices rose in July after three flat months, according to figures released on Wednesday by Halifax.
UK construction sector grows at fastest pace since May 2022
Activity in the UK construction sector grew in July at the fastest pace in 26 months, according to a survey released on Tuesday.
Ofwat slaps UK water firms with fines over historic sewage spills
Thames Water, Yorkshire Water and Northumbrian Water were all the subjects of Ofwat's ire on Tuesday as the water regulator looks to clean up the industry amid historic sewage spills.
Warm weather and food spend drive UK retail sales growth
UK retail sales returned to growth last month, following a slight dip in June, as increased food purchases and improved weather gave consumer spending a boost.
UK services sector growth accelerates in July
Growth in the UK services sector accelerated in July, with the strongest upturn in demand since May 2023, according to a survey released on Monday.
Eurozone economy stalls in July
The eurozone economy stalled in July as demand for goods and services deteriorated, according to a survey released on Monday.