News And Announcements
UK economy unexpectedly contracts in October
The UK economy unexpectedly contracted in October, according to data released on Friday by the Office for National Statistics.
UK consumer confidence ticks higher - GfK
UK consumer confidence nudged modestly higher in December, a long-running survey showed on Friday.
Global oil supply to 'comfortably' meet demand in 2025 - IEA
Global oil supply is likely to "comfortably" meet demand next year, a leading energy body predicted on Thursday, even after Opec voted to delay planned output increases.
UK house prices continue to climb - RICS
UK house prices climbed in November, industry research showed on Thursday, as the market continued to strengthen.
House prices set to rise in 2025 as cost of borrowing falls - Rightmove
House prices are set to rise by 4% next year, according to an industry forecast published on Thursday, as mortgage rates fall and demand remains strong.
UK supermarket sales set to top £13bn in December
UK supermarket sales are set to surpass £13bn in December for the first time, according to fresh data from Kantar on Tuesday, as shoppers geared up for the Christmas season.
German inflation confirmed at 2.2% in November
German inflation was confirmed at 2. 2% in November, the federal statistics office said on Tuesday.
UK labour market conditions continue to deteriorate in November
The KPMG and Recruitment and Employment Confederation's, UK Report on Jobs survey, compiled by S&P Global, pointed to a further deterioration of British labour market conditions during November.
Beijing commits to 'more proactive' stimulus measures
China's leadership committed to "more proactive" fiscal measures and a moderately looser monetary policy for 2025, it emerged overnight on Monday, in a bid to bolster domestic consumption and stabilise key markets.
UK house prices hit record high in November - Halifax
UK house prices rose in November for the fifth month in a row to hit a record high of £298,083, according to figures released on Friday by Halifax.
UK construction PMI rises to 55.2 in November
S&P Global's UK construction PMI rose to 55. 2 in November, up from 54. 3 in October and ahead of expectations for a reading of 53. 4.
New orders slide in Eurozone construction sector - PMI
The Eurozone’s construction sector slowed in November, a closely-watched survey showed on Thursday, heaping more pressure on the bloc’s faltering economy.
US private sector adds fewer jobs than expected in November - ADP
Private sector employment in the US rose less than expected in November, according to figures released on Wednesday by ADP.
UK service economy falters, outlook weakens - PMI
Business optimism across UK service providers sank to a two-year low in November, a closely-watched survey showed on Wednesday, on mounting concerns about higher costs.
BoE could cut rates four more times in 2025, says governor Bailey
The governor of the Bank of England has said that four more interest-rate cuts are on the cards for next year if the trajectory of the UK economy continues as expected.
SWR, c2c and Greater Anglia to be Labour's first renationalised train firms
The government has announced plans to bring train operators South Western Railway (SWR), c2c and Greater Anglia under public ownership next year, as the first parts of its sweeping nationalisation of the UK rail network.
Faltering service sector weighs heavily on Eurozone
The Eurozone economy slipped into contraction in November, a closely-watched survey showed on Wednesday, after services output slumped.
China services growth eases in November - Caixin
Growth in China’s services sector eased in November, according to data released on Wednesday.
Later Black Friday timing sees UK retail sales fall
Fresh retail sales data on Tuesday morning showed a sharp decline in sales in November, reflecting a challenging time for the retail sector due to the later timing of Black Friday.
UK manufacturing output falls to nine-month low
UK manufacturing activity fell to a nine-month low in November as new orders fell, according to a survey released on Monday.