Login/Register

Economic News News

Economic news

Banking stocks jump as FPC leverage ratio rules softer than feared

Banking stocks jump as FPC leverage ratio rules softer than feared

Fri, 31 October 2014

The Financial Policy Committee (FPC) announced tougher leverage ratio requirements for the UK's largest banks on Friday, though the rules were seen as softer than many had feared, causing banking stoc... [more]

UK GfK consumer confidence falls in October, meets analyst expectations

UK GfK consumer confidence falls in October, meets analyst expectations

Fri, 31 October 2014

The UK GfK index of consumer confidence dropped last month according to data released on Friday. In a report carried out in early October on behalf of the European Commission, GfK's consumer confidenc... [more]

NHS workers to go on strike next month, reports say

NHS workers to go on strike next month, reports say

Thu, 30 October 2014

Nurses and midwives from the NHS are expected to go on strike next month, reports have said. Health workers from 11 different unions will stage a four-hour strike on 24 November over the government's ... [more]

Osborne confident Britain can get EU bill reduced

Osborne confident Britain can get EU bill reduced

Thu, 30 October 2014

George Osborne has said that Britain is confident of seeing its €2.1bn (£1.6bn) bill from the European Union (EU) reduced. "I am confident that we can get this changed, but it is the beginning of... [more]

German inflation in October rises less than forecast

German inflation in October rises less than forecast

Thu, 30 October 2014

German inflation in October rose an estimated 0.7% year-on-year, less than the analysts' forecasts for 0.9% on a harmonised basis, the Federal Ministry of Finance revealed on Thursday. It follows an... [more]

UK house prices rose more quickly than expected in October

Thu, 30 October 2014

UK house prices increased by more than economists had been expecting in October. Prices as measured by mortgage lender Halifax's home price index advanced by 0.5% month-on-month in October and by 9% y... [more]

Countrywide says prime London property prices falling, Q3 results in line

Thu, 30 October 2014

Helped by its best ever third quarter result, estate agents group Countrywide said it remained in line to hit full year targets despite cautioning that the rebalancing of price expectations in London ... [more]

Federal Reserve ends QE, rates to stay low for a considerable time

Wed, 29 October 2014

The Federal Reserve has announced the end of its bond buying programme and decided to keep interest rates unchanged. The Federal Reserve has announced the end of its bond buying programme and decided ... [more]

Movement of global funds must be closely monitored, says BoE's Haldane

Wed, 29 October 2014

Andrew Haldane, chief economist at the Bank of England (BoE), said the independence of domestic investment from domestic saving is a double edged sword for financial stability. Delivering the annual M... [more]

UK mortgage approvals fall to 16 month low in September

Wed, 29 October 2014

Total lending to individuals rose by £2.7bn or 0.2% month-on-month in September, to reach £1.46trn according to the Bank of England. Total mortgage lending was higher by 0.1% over the same month, or... [more]

RT launches new UK channel

Tue, 28 October 2014

Russia Today, the Kremlin-backed news channel, will launch its UK TV channel on Thursday to go along with its international version, which is already available to British viewers. The broadcaster, als... [more]

US consumer confidence rises more than forecast

Tue, 28 October 2014

US consumer confidence rose more than expected in October, data from the Conference Board showed on Tuesday, despite recent volatility in global capital markets. The cut-off date for the survey was 16... [more]

House prices in England and Wales slipped 0.2% in September

Tue, 28 October 2014

House prices in England and Wales fell 0.2% month-on-month in September, to reach £177,299, according to the Land Registry. In comparison with a year ago prices stood 7.2% higher at the end of the mon... [more]

Mental Health spending averages just 1.4% in local authorities, charity report finds

Tue, 28 October 2014

An average of just 1.4% of local public health budgets are spent on mental health, charity Mind has found. This "unacceptably low" amount is just "a fraction" of that spent on physical health, despite... [more]

Energy spare capacity at its lowest level this winter, says National Grid

Tue, 28 October 2014

The gap between electricity supply and demand is expected to be at historical high levels this year, National Grid has revealed. The Winter Outlook Report said this year's electricity margins have dec... [more]

Bank of England's Shafik calls for further crack-down on banks

Tue, 28 October 2014

Bank of England Deputy Governor Minouche Shafik has called for stricter rules on banks following a raft of fines for rigging the benchmark interest rates. Shafik said that more changes may be needed t... [more]

BoE wants climate answers from insurers

Mon, 27 October 2014

About 30 insurance companies have received a letter from the Bank of England (BoE), as Threadneedle Street officials aim to assess the risks that climate change poses to their solvency and earnings. T... [more]

UK retail sales seemed to stabilise in year to October, but risks remain

Mon, 27 October 2014

Growth in UK retail sales seemed to stabilise in October, led by a bounce in the clothing sector, but risks to the Britain's economy more generally remain, the Confederation of British Industry (CBI) ... [more]

I was 'careless', says defence secretary Fallon on remarks that UK is swamped by immigrants

Mon, 27 October 2014

UK defence secretary Michael Fallon has apologised for saying that the nation is being swamped by immigrants. Fallon on Sunday said the UK felt "under siege" from migrant workers and overseas benefit ... [more]

Proposals for HS3 train line given backing of Prime Minister

Mon, 27 October 2014

The proposed high-speed HS3 rail link has been given the backing of the Prime Minister following the publication of a report by the head of the HS2 scheme. David Cameron welcomed the recommendations p... [more]

German IFO business confidence falls to 103.2 in October, well below forecasts

Mon, 27 October 2014

The German IFO Institute's business climate index for the month of October slipped to a reading of 103.2 from 104.7 in the month before, a 22-month low, with both sentiment surrounding the current sit... [more]

London close: Ebola and downbeat Chinese housing data weigh on markets

Fri, 24 October 2014

London shares ended Friday on a negative note amid fresh jitters about the Ebola virus and weak Chinese property data. The FTSE 100 Index closed 30.42 points adrift at 6388.73 as a New York doctor who... [more]

Draghi calls for stimulus and says joint effort needed to avoid 'recession'

Fri, 24 October 2014

Mario Draghi, the European Central Bank's (ECB) president has warned leaders from the European Union that a "joint effort" is required to avoid a "relapse into recession." The Eurozone countries with ... [more]

US new home sales edged higher to 467,000 in September

Fri, 24 October 2014

US new home sales edged higher by 0.2% month-on-month in September to reach an annualised rate of 467,000, according to the Department of Commerce. The consensus forecast had been for 470,000. Septem... [more]

UK GDP growth slows to 0.7% in third quarter, as expected - UPDATE

Fri, 24 October 2014

UK gross domestic product (GDP) expanded at a 3% year-on-year pace over the three months to the end of September, led by industrial output, although it slowed from the 3.2% clip registered in the prev... [more]

FTSE 100 Top Risers

Name Last Chg.% Time
Barclays 240.50 8.07 15:16
Royal Bank of Scotland Group 388.80 6.43 15:16
International Consolidated Airlines Group SA (CDI) 409.20 4.74 15:16
St James's Place 742.50 4.21 15:16
ARM Holdings 872.50 4.05 15:16

FTSE 100 Top Fallers

Name Last Chg.% Time
Randgold Resources Ltd. 3,656.00 -3.25 15:16
Fresnillo 695.00 -3.00 15:16
Direct Line Insurance Group 275.40 -2.17 15:16
BHP Billiton 1,603.00 -0.77 15:16
Intertek Group 2,716.00 -0.62 15:16