News And Announcements
UK consumer confidence tumbles - GfK
UK consumer confidence fell sharply in September, a long-running survey showed on Friday, despite the more stable economic backdrop, as people nervously wait on next month’s Budget.
Bank of England leaves interest rates on hold
The Bank of England left the cost of borrowing unchanged at 5% on Thursday, as widely expected, but hinted at further cuts to come.
UK house prices push higher for fifth month in a row
UK house prices rose for the fifth successive month in July, official data showed on Wednesday, as the market continued to bounce back.
End of summer weighs on supermarket sales
Sales growth across the UK’s grocery sector slowed over the last month, industry data showed on Wednesday, as shopping habits returned to normal after the long summer break.
Inflation unchanged at 2.2% ahead of BoE rate announcement
UK inflation was unchanged in August, according to figures released on Wednesday by the Office for National Statistics, remaining above the Bank of England’s target.
German investor sentiment deteriorates more than expected - ZEW
German business sentiment deteriorated more than expected in September, according to a survey released on Tuesday by the ZEW Center for European Economic Research in Mannheim.
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.