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News And Announcements
12:56
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Factory owners upbeat despite output slide

British manufacturers expect conditions to improve in the coming months, a long-running survey showed on Thursday, despite seeing a slide in output in November.

11:08
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Watchdog mulls giving car finance firms until late 2025 to handle complaints

The financial watchdog is considering giving firms up until the end of 2025 to handle car finance complaints, it confirmed on Thursday.

08:04
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UK govt borrows more than expected in October

The UK government borrowed more than expected in October as spending and debt repayments outstripped tax receipts, official data showed on Thursday.

20 Nov
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Tokyo metro operator grabs Elizabeth Line contract from China's MTR

Tokyo's metro system operator, Japanese trading company Sumitomo and Britain's Go-Ahead Group have won a contract to operate London's troubled Elizabeth Line, taking over from China's MTR, officials announced on Wednesday.

20 Nov
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House prices push higher in September - UK HPI

UK house prices continued to grow in September, official data showed on Wednesday, despite weakness in the London market.

20 Nov
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UK inflation rises more than expected amid higher energy bills

UK inflation jumped past the Bank of England’s target in October after energy bills rose, according to data released on Wednesday by the Office for National Statistics.

19 Nov
GMB union calls retailer jobs threat on tax measures 'pathetic'

The GMB Union on Tuesday called large UK retailers "utterly pathetic" over their threat to cut jobs in response to tax measures in the new Labour government's first Budget.

19 Nov
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Retailers warn of £7bn spike in costs from Budget measures

More than 80 leading retail leaders signed an open letter to Chancellor Rachel Reeves on Tuesday, expressing grave concerns about the economic impact of the Autumn Budget on the retail sector.

18 Nov
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UK consumer sentiment dips as confidence in finances declines

Consumer confidence in the UK edged lower in November, according to the results of a survey from S&P Global on Monday, as falling optimism about job security and a gloomier outlook for household finances weighed on sentiment.

18 Nov
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Energy prices expected to rise further in Q1

UK energy prices are expected to rise again in early 2025 to an average £1,736 per household, according to energy consultants Cornwall Insight.

18 Nov
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Budget weighs on UK house prices - Rightmove

UK house prices eased in November, industry research showed on Monday, as uncertainty around the Budget weighed on demand.

15 Nov
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Ofgem green lights funding for £2bn undersea power cable

Britain's energy regulator has given the funding green light for a £2bn subsea and underground cable which transport electricity from wind farms in Scotland to the North East.

15 Nov
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UK economic growth stalls in third quarter

The UK economy grew by 0. 1% in the last quarter, official data showed on Friday, slightly below expectations.

15 Nov
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Chinese retail sales beat forecasts

Retail sales jumped in China last month, official data showed on Friday, in contrast to the ongoing gloom surrounding the under-pressure property sector.

14 Nov
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EU fines Meta EUR 798m over Facebook Marketplace competition concerns

The European Union has imposed a €797. 72m fine on Facebook’s parent company Meta Platforms, it emerged on Thursday, after a detailed investigation into its Marketplace online classifieds business.

14 Nov
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Chancellor to shake-up council pension schemes

Rachel Reeves is to use her first Mansion House speech as chancellor to unveil a slew of reforms to UK pension rules.

14 Nov
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House prices continue to climb - Rics

UK house prices continued to rise in October, a closely-watched survey showed on Thursday, as the market benefited from lower borrowing costs.

13 Nov
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Opus Energy agrees redress after 20 years of overcharging

Opus Energy has agreed to pay over £7m in compensation after overcharging nearly 88,000 business customers due to long-standing billing errors, Ofgem announced on Wednesday.

13 Nov
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UK grocery sales growth eases with shoppers cautious ahead of Christmas

Grocery sales growth slowed slightly over the month of October as shoppers held back spend ahead of Black Friday and Christmas, according to data from consumer intelligence firm NIQ on Wednesday.

12 Nov
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Festive shopping drives UK grocery sales to yearly high

UK grocery sales hit their highest levels in October, according to data out on Tuesday from market research firm Kantar, as the number of shopping trips hit a four-year high.