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UK retail sales reach 27-year high in December, driven by Black Friday

UK retail sales reach 27-year high in December, driven by Black Friday

Fri, 19 December 2014

British retail sales reached a 27-year high in December, driven by Black Friday's shopping frenzy, the Confederation of British Industry (CBI) said. The CBI's trade survey retail sales balance soared ... [more]

UK consumer confidence in December hits lowest level since March - GfK

UK consumer confidence in December hits lowest level since March - GfK

Fri, 19 December 2014

UK consumer confidence hit its lowest level since March this month, according to data out on Friday. The consumer confidence index from market and consumer research group GfK fell two points to -4 in ... [more]

UK property market loses momentum as price growth slows down

UK property market loses momentum as price growth slows down

Fri, 19 December 2014

Edinburgh and Glasgow recorded the fastest price increases in the UK property markets over the last three months. According to data released by property firm Hometrack, prices in other areas of the UK... [more]

UK public sector borrowing falls between April and November, but debt rises

UK public sector borrowing falls between April and November, but debt rises

Fri, 19 December 2014

UK public sector net borrowing fell between April and November, but net debt in November rose £89.7bn against the same month a year ago. Public sector net borrowing excluding public sector banks (PSNB... [more]

US initial jobless claims come in less than forecast at 289,000

US initial jobless claims come in less than forecast at 289,000

Thu, 18 December 2014

US jobless claims decreased by 6,000 to 289,000 in the week ended 13 December, the fewest since early November, the Labor Department said. Analysts had been expecting 295,000 claims. Jobless claims ha... [more]

Gross mortgage lending falls to £16.9bn in November

Thu, 18 December 2014

UK gross mortgage lending reached £16.9bn in November, down from a month earlier, according to estimates by the Council of Mortgage Lenders. The amount is 9% lower than in October and matches the £16.... [more]

North Sea oil industry "on the brink of collapse" - oil boss

Thu, 18 December 2014

The fall in oil prices has pushed the UK's oil industry into a state of crisis, according to a senior industry leader. Oil companies are cutting staff and investment in a bid to save money, after it w... [more]

UK retail sales in November grow 6.9% year-on-year

Thu, 18 December 2014

UK retail sales grew more than forecast in November, boosted by Black Friday sales, according to the Office for National Statistics (ONS). Sales rose 6.9% in November, accounting for the highest year-... [more]

Fed likely to maintain low rates for a considerable time

Wed, 17 December 2014

Following its meeting on Wednesday the Federal Open Market Committee (FOMC) has said that it can be patient in beginning to normalise the stance of its monetary policy. Significantly, it added that it... [more]

UK should be cautious, but is largely unaffected by Russian market strife, says BoE's Cunliffe

Wed, 17 December 2014

The UK must weigh up risks to its financial system in the wake of Russian market strife, according to Bank of England (BoE) deputy governor Jon Cunliffe. Although Britain has little exposure to Ru... [more]

UK household optimism at a six-year high, according to Markit

Wed, 17 December 2014

British households were more optimistic in December about their financial prospects for the coming year, than at any point in the last six years, according to Markit. The monthly survey, released on... [more]

Bank of England maintains 7-2 split to hold rates

Wed, 17 December 2014

The Bank of England remained split earlier this month on whether to hike UK interest rates despite economists' expectations that a rate rise may not now happen until late next year. Members of the BoE... [more]

UK unemployment falls by 63,000 as earnings growth picks up

Wed, 17 December 2014

The number of unemployed people in the UK declined by 63,000 between August and October to 1.96m, according to data from the Office for National Statistics (ONS) on Wednesday. This was smallest quarte... [more]

Greece fails to elect a new president in the first round of voting

Wed, 17 December 2014

The first attempt by Greek Prime Minister Antonis Samaras to elect a new head of state has failed, after he was unable to gather enough support from lawmakers. In the first round of voting 100 lawmake... [more]

UK online sales jump 37% in November thanks to Black Friday, IMRG says

Tue, 16 December 2014

Black Friday and Cyber Monday lifted UK online sales by 37% in November, the retail association IMRG said on Tuesday. On Black Friday alone, sales jumped 135% year-on-year, making it the busiest day o... [more]

UK house price rises slow again in October

Tue, 16 December 2014

British house price rises slowed again in October against the previous month, in a further sign that a mortgage clampdown and tight consumer incomes are taking their toll on the market. Average house ... [more]

UK consumer prices slowed much more than expected in November

Tue, 16 December 2014

Consumer price inflation in the UK slowed by much more than expected in November. The consumer price index (CPI) advanced at a year-on-year pace of 1% and fell by 0.3% versus the prior month, accordin... [more]

Russia hikes rates to stem rout in Rouble

Tue, 16 December 2014

Overnight Russia's central bank hiked short-term interest rates in a bid to stem a rout in the country's currency. The monetary authority upped its main policy rate to 17% from 10.5% previously. As o... [more]

Markets are overly pessimistic on the outlook for inflation in the UK, says Capital Economics

Mon, 15 December 2014

Markets believe the Monetary Policy Committee (MPC) will wait another year before raising rates and even then it will take another eight years to reach 2%, according to Capital Economics. They are how... [more]

FCA bans fund manager from financial services industry after £42,550 train ticket dodge

Mon, 15 December 2014

Blackrock director Jonathan Burrows has been banned from working in the financial services industry after getting caught avoiding train fare. The London banker has reportedly failed to pay a total of ... [more]

Oil prices rise amid stifled Libyan export capacity

Mon, 15 December 2014

Oil prices made a modest come back on Monday as armed clashes in Libya during the weekend disrupted about half of the country's crude export capacity. Head of planning at Libya's state-run National Oi... [more]

UK manufacturing picks up but economic woes and strong pound weigh

Mon, 15 December 2014

UK manufacturing activity picked up this month and is set to rise further, but the strong pound and global economic woes cast a cloud over the sector, data out on Monday showed. Total order books impr... [more]

MP calls for air traffic control boss to be stripped of bonuses

Sun, 14 December 2014

Paul Flynn, a Labour MP, has called for a top aviation industry boss to have his bonus "stripped" after an unprecedented systems failure at the UK's national air traffic control centre. Flynn said tha... [more]

Labour's energy bill freeze will have 'unintended consequences', says Centrica CEO

Sun, 14 December 2014

There will be "unintended consequences" of Labour's energy freeze plan as a result of the decline in the price of oil, Sam Laidlaw, the outgoing chief executive of Centrica has warned. Ed Miliband, th... [more]

UK construction output declines unexpectedly in October

Fri, 12 December 2014

UK construction activity declined unexpectedly in October according to data from the Office for National Statistics (ONS) released on Friday. Output in the construction sector contracted by 2.2% from ... [more]

FTSE 100 Top Risers

Name Last Chg.% Time
Tullow Oil 425.60 6.85 16:43
Tesco 185.40 5.46 16:55
Randgold Resources Ltd. 4,431.00 4.41 17:03
Morrison (Wm) Supermarkets 176.20 3.65 17:03
BHP Billiton 1,377.50 3.57 17:02

FTSE 100 Top Fallers

Name Last Chg.% Time
TUI AG Reg Shs (Post- 16/12/14)(DI) 1,073.00 -3.25 17:01
SSE 1,624.00 -1.46 17:02
Smiths Group 1,072.00 -1.29 17:03
Sky 891.00 -1.22 16:43
Shire Plc 4,629.00 -1.13 17:15