Login/Register

Economic News News

Economic news

Initial US jobless claims jump to 313,000 in latest week

Initial US jobless claims jump to 313,000 in latest week

Wed, 26 November 2014

Initial weekly jobless claims registered an unexpected jump over the last week. The number of people registering for government unemployment insurance rose by 21,000 in the seven days ending on 22 Nov... [more]

Orders for US durable goods rose in October, led by defence spending

Orders for US durable goods rose in October, led by defence spending

Wed, 26 November 2014

Orders for durable goods increased by 0.4% month-on-month in October to reach $243.8bn, according to the US Department of Commerce. The consensus estimate was for a drop of 0.6% on the month. On top ... [more]

Metal dealers face US lawsuit after accusations of price fixing

Metal dealers face US lawsuit after accusations of price fixing

Wed, 26 November 2014

Four large scale platinum and palladium dealers have been sued in the US for what the plaintiff's law firm have called the first nationwide class action over an alleged price-fixing of the metals. A c... [more]

US consumer confidence unexpectedly drops in November

US consumer confidence unexpectedly drops in November

Tue, 25 November 2014

Analysts were caught off guard on Tuesday after a survey showed that consumer confidence in the US unexpectedly tumbled in November. The Conference Board's monthly consumer-confidence index sank to 88... [more]

Topshop boss Sir Philip Green expects Christmas discount war

Topshop boss Sir Philip Green expects Christmas discount war

Tue, 25 November 2014

Sir Philip Green, chairman of the Arcadia Group, said he expects high street retailers to enter a discount war this Christmas. Green, whose group includes brands such as Topshop, Wallis and Dorothy Pe... [more]

Osborne to announce overhaul on UK banks

Tue, 25 November 2014

British banks will be asked to extend their seven-day current account switching service, as part of a set of reforms to be introduced by George Osborne. In his Autumn Statement next week, the Chancell... [more]

Brownfield land in England could accommodate 1m new homes, research shows

Tue, 25 November 2014

England's brownfield land has the space for at least 1m new homes, according to new research. Ever since local councils stopped having to give an annual report on the amount of brownfield land availab... [more]

BoE chief economist admits risk of weaker growth going forward exists

Mon, 24 November 2014

In remarks to the BBC's economics editor, Robert Peston, Bank of England chief economist Andy Haldane admitted the risk exists that long-term growth in the UK, and other developed economies, will be "... [more]

BT in talks with Telefonica to buy O2

Mon, 24 November 2014

British telecoms giant BT has confirmed it is in talks with Spanish firm Telefonica to buy O2. Britain's second-biggest mobile network, sold O2 in 2001 and the phone operator was bought by Telefonica ... [more]

Deutsche Bank now expects Bank Rate to rise in August, not February

Mon, 24 November 2014

Deutsche Bank has joined peers in pushing back its forecast for the date of the expected first increase in Bank Rate. It now sees it coming in August rather than February. Although signs of an acceler... [more]

UK shoppers to spend 4% more this Christmas, says Deloitte

Mon, 24 November 2014

Holiday spending by British shoppers will increase by 4% this year, according to a forecast by advisory firm Deloitte, helped by strong growth in digital sales. Consumers are expected to shell out £42... [more]

UK has tried and failed to reduce immigration to 'tens of thousands', says home secretary

Sun, 23 November 2014

The government has failed to reduce net migration down to the targeted tens of thousands despite best efforts, according to Home Secretary Theresa May. May told the BBC's Andrew Marr Show that parliam... [more]

Gordon Brown to 'step down' at next general election

Sun, 23 November 2014

Gordon Brown is set to step down as MP at the next general election, reports have claimed. According to the Sunday Mirror, the 63-year-old former prime minister is said to be planning to "go out on a ... [more]

Government to demand more consumer data from online firms

Sun, 23 November 2014

Home secretary Theresa May has announced that new measures forcing companies to pass consumer data on to police would improve national security. If agreed, the new law would require firms to retain da... [more]

Fire breaks out at Charing Cross Station

Sun, 23 November 2014

A fire has broken out underneath a train at Charing Cross Station, causing 100 passengers to be evacuated. The flames spread to the South Western train's first carriage as passengers were on board wai... [more]

Foodbank figures rise amid growing number of people on low income

Sun, 23 November 2014

Foodbank figures have rocketed 38% despite the economic recovery, according to UK charity The Trussell Trust. Low income emerged as an increasingly growing problem, while issues with social security w... [more]

Black Friday set for internet sales of £1.7bn

Sun, 23 November 2014

Christmas shopping is set to heat up next week as retailers brace themselves for the Black Friday sales. The day, which falls on what is most people's last pay day before the festive season begins, is... [more]

OPEC members face tough decision at Thursday's meeting

Sun, 23 November 2014

Members of the Organization of Petroleum Exporting Countries (OPEC) have a tough decision to make ahead of Thursday's meeting over whether to cut output in the wake of a 30% slump in crude prices sinc... [more]

ECB begins buying asset-backed securities

Fri, 21 November 2014

The European Central Bank (ECB) has started buying asset-backed securities in an attempt to encourage banks to lend and boost the stagnant economy. "Following publication of legal act on the implement... [more]

UKIP victory raises concerns of another coalition government in 2015

Fri, 21 November 2014

Concerns about a potentially hung UK parliament in the next general election rose on Friday following the election of a former Conservative lawmaker as anti-EU party UKIP's second MP. Financial analys... [more]

Tesco leads sales falls in the last three months, Nielsen says

Fri, 21 November 2014

Ailing supermarket group Tesco came out at the wrong end of another set of sales data on the UK's food retailers on Friday. Tesco was the biggest sales faller of the 'big four' supermarkets in the 1... [more]

Support is shaky as Japan PM calls for snap election on 'Abenomics'

Fri, 21 November 2014

Prime Minister Shinzo Abe dissolved parliament's lower house on Friday ahead of a snap election on December 14. Two years after returning to power, Abe promised that "Japan is back" and now seeks a fr... [more]

UK borrowing "set to overshoot forecasts" despite slight October fall

Fri, 21 November 2014

The UK's public sector net borrowing was £7.7bn in October, down £200m against the same month a year ago, according to official figures. But public sector net borrowing excluding public sector banks (... [more]

Osborne abandons bid to overturn EU bank bonus cap

Fri, 21 November 2014

British finance minister George Osborne has abandoned a bid to challenge the European Union's cap on bankers' bonuses after the continent's top court threw it out. Osborne ditched the challenge after ... [more]

US Philly Fed index rockets higher in November

Thu, 20 November 2014

The Federal Reserve bank of Philadelphia's manufacturing sector gauge for the month of November shot higher to a reading of 40.8 for November, its highest level since March 2011. The consensus estimat... [more]

FTSE 100 Top Risers

Name Last Chg.% Time
Antofagasta 754.00 2.79 14:36
BT Group 405.90 2.55 14:36
Hargreaves Lansdown 982.50 1.50 14:36
Kingfisher 295.50 1.44 14:36
Randgold Resources Ltd. 4,484.00 1.26 14:36

FTSE 100 Top Fallers

Name Last Chg.% Time
Coca-Cola HBC AG (CDI) 1,426.00 -1.38 14:36
Weir Group 2,048.00 -1.25 14:36
GKN 336.10 -1.23 14:36
Aberdeen Asset Management 452.40 -1.16 14:35
CRH 1,475.00 -1.07 14:36