News And Announcements
UK retail footfall eases in October - BRC
UK retail footfall declined in October, industry data showed on Friday, reversing much of September’s surprise uplift.
BoJ keeps benchmark policy rate unchanged
The Bank of Japan kept its benchmark policy rate unchanged on Thursday at 0. 25%, as widely expected.
Chancellor unveils £40bn of tax rises in first Budget
Chancellor Rachel Reeves unveiled £40bn of tax rises on Wednesday, as she used her long-awaited first Budget to launch a scathing attack the previous government’s fiscal record.
Eurozone GDP surprises on the upside
Eurozone economic growth accelerated in the third quarter, official data showed on Wednesday, beating expectations.
German economy unexpectedly expands in Q3
The German economy unexpectedly expanded in the third quarter, avoiding a technical recession, according to figures released by Destatis on Wednesday.
Mortgage approvals hit fresh highs - Bank of England
UK mortgage approvals have climbed to their highest level since before 2022’s disastrous mini Budget, official data showed on Tuesday.
German consumer sentiment set to improve - GfK
German consumer sentiment is expected to improve in November, according to a survey released on Tuesday by GfK and the Nuremberg Institute for Market Decisions (NIM).
UK shop price deflation accelerates in October
The British Retail Consortium has urged the chancellor to take action to keep prices low as data revealed that shop price deflation accelerated in October.
Thames Water secures £3bn loan to see it through the next year
Thames Water secured a critical £3bn loan on Friday, to sustain operations through to October next year.
Consumer confidence falls slightly ahead of Budget
UK consumer confidence fell slightly in October, according to fresh survey results released on Friday, with GfK’s consumer confidence index dropping one point to -21.
Intel wins 15-year legal battle over massive EU fine
Intel emerged victorious in a lengthy legal battle with the European Union on Thursday, as the bloc's top court ruled in its favour, dismissing a €1. 06bn antitrust fine.
UK private sector growth falls to 11-month low
Private sector growth in the UK fell to an 11-month low in October ahead of the Budget, according to a survey released on Thursday.
Heathrow ups full-year passenger forecasts after bumper summer
Heathrow Airport reported a 12. 6% increase in profit before tax to £696m for the first nine months of the year on Wednesday, driven by record passenger numbers during a bustling summer of sport and music.
IMF raises UK growth forecasts for 2024
The International Monetary Fund has upgraded its projections for UK economic growth for 2024 as falling inflation and interest rates stimulate domestic demand.
Reeves considering tax hike on Amazon, online retailers - reports
Chancellor of the Exchequer Rachel Reeves is considering a tax increase on large e-commerce companies like Amazon in her upcoming budget, according to reports on Tuesday, in a bid to support the UK’s ailing high street.
Government spending third highest on record for September
The government borrowing figure for last month was the third-highest September figure since monthly records began in January 1993, according to data released on Tuesday by the Office for National Statistics.
UK consumer confidence picks up in October
UK consumer confidence improved in October, according to fresh survey data released on Monday, with the S&P Global UK consumer sentiment index rising to 47. 3, from 46. 0 in September.
FCA fines VW Finance £5.4m for unfair customer treatment
The Financial Conduct Authority (FCA) has fined Volkswagen Financial Services UK £5. 4m for failing to treat customers in financial difficulty fairly, it announced on Monday.
PBOC cuts benchmark lending rates as expected
The People’s Bank of China said on Monday that it was cutting its two benchmark lending rates by 25 basis points.
Buyers' market as number of homes put up for sale soars - Rightmove
The number of homes being put up for sale surged in October, industry research showed on Monday, holding back selling prices.