News And Announcements
UK manufacturing conditions mixed in Q3, but outlook improves
UK manufacturers experienced a mixed start to the second half of 2024, with domestic orders weakening but exports performing well, according to the quarterly Make UK/BDO Manufacturing Outlook survey released on Monday.
UK housing market sees bumper start to autumn - Rightmove
The UK housing market strengthened in September, industry research showed on Monday, as prices ticked higher and the number of agreed sales jumped.
US consumer sentiment highest since May
US consumer sentiment improved in September to its highest level since May, according to a preliminary survey released on Friday.
UK inflation expectations reach three-year low
The British public’s expectations for inflation have eased to a three-year low, a Bank of England survey showed on Friday.
ECB cuts rates by 25 basis points as expected
The European Central Bank cut interest rates on Thursday by 25 basis points to 3. 5%, as widely expected, pointing to a slowdown in inflation.
UK public finances facing 'unsustainable path', warns OBR
National debt is on an "unsustainable path", the fiscal watchdog warned on Thursday, with climate change and an ageing population set to weigh heavily on public finances if left unaddressed.
IEA trims forecasts as demand for oil slows
Global demand for oil is slowing "sharply", the International Energy Agency said on Thursday, as it trimmed annual growth forecasts.
UK house prices shift into positive territory for first time since 2022 - RICS
House prices sparked for the first time in nearly two years in August, industry research showed on Thursday, boosted by declining mortgage rates and improving confidence in the market.
UK economy continues to flatline in July
The UK economy continued to stagnate in July, according to figures released on Wednesday by the Office for National Statistics.
EU court upholds EUR 2.4bn Google antitrust fine
Google found itself on the losing end of a significant European legal battle on Tuesday, as the EU's Court of Justice upheld a €2. 4bn fine imposed on the company for antitrust violations.
UK grocery inflation dips to 1.7% - Kantar
UK grocery inflation fell in the four weeks to 1 September, according to data released by Kantar on Tuesday.
UK pay growth cools, unemployment rate falls to six-month low
UK pay growth cooled in the three months to July, while the unemployment rate fell to a six-month low, according to figures released on Tuesday by the Office for National Statistics.
Government close to finalising £1.25bn Tata Port Talbot deal
The UK government is close to finalising a £1. 25bn deal with Tata Steel to support the transition of its Port Talbot steelworks to more environmentally-friendly operations, it emerged on Monday.
Rate cut expectations boost UK business confidence
UK businesses were experiencing a sustained period of growth, driven by robust performance in the services sector, despite ongoing challenges in the labour market, according to a fresh report from BDO on Monday.
China consumer prices rise less than expected, producer prices deflate
China's consumer inflation saw a modest increase in August, with the consumer price index (CPI) rising 0. 6% year-on-year, up slightly from July’s 0. 5%.
Google abusing dominant position in online advertising - CMA
The UK competition watchdog has accused Alphabet’s Google of using its dominant position in digital advertising to hinder competition and favour its own services.
Eurozone GDP growth revised down
The Eurozone economy expanded only marginally in the second quarter, official data showed on Friday, as growth struggled to take hold.
German industrial production falls more than expected in July
German industrial production fell much more than expected in July, according to data released on Friday by Destatis.
House prices pick up to two-year high - Halifax
UK house prices edged up to a two-year high in August as confidence picked up amid easing interest rates, according to figures released by Halifax on Friday.
CMA launches probe into Ticketmaster over Oasis ticket sales
The Competition and Markets Authority has launched an investigation into Ticketmaster follow the sale of tickets for legendary British rock band Oasis' upcoming reunion tour, including just how the company's controversial "dynamic pricing" may have been used.