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Economic news

UK construction PMI rises to seven-month high

UK construction PMI rises to seven-month high

Tue, 02 September 2014

Growth in the British construction sector unexpectedly accelerated to a seven-month high in August, according to a survey released by Markit and Chartered Institute of Purchasing & Supply (CIPS) o... [more]

IS militants have carried out 'ethnic cleansing' in Iraq, says Amnesty International

IS militants have carried out "ethnic cleansing" in Iraq, says Amnesty International

Tue, 02 September 2014

Islamic State (IS) militants are carrying out "a wave of ethnic cleansing" against religious minorities in Northern Iraq, according to reports from Amnesty International. IS militants and Sunni rebel... [more]

Lloyds: The most complained about bank in Britain

Lloyds: The most complained about bank in Britain

Tue, 02 September 2014

Figures released on Tuesday showed that Lloyds was the most complained about bank in the first half of 2014. The financial ombudsman, the authority which is in charge of settling disputes between len... [more]

Help to Buy numbers surpass 48,000

Help to Buy numbers surpass 48,000

Tue, 02 September 2014

The number of households that have received help in purchasing a home from the government's 'Help to Buy' scheme has surpassed 48,390 since its launch. More than four-fifths of the 48,393 homes went ... [more]

Boris Island proposal rejected by Airports Commission

Boris Island proposal rejected by Airports Commission

Tue, 02 September 2014

The Airport Commission has ruled out the Thames estuary airport proposal backed by London Mayor Boris Johnson as one of the options for expanding London's runway capacity. The Mayor of London Boris J... [more]

Fund chiefs optimistic on UK outlook, Quoted Data says

Tue, 02 September 2014

Following is a round-up of views on the UK's macroeconomic outlook from the chairmen and investment managers at some the UK's leading investment companies as collated by QuotedData at the end of July:... [more]

Heathrow's full capacity is affecting UK in emerging markets, CBI says

Mon, 01 September 2014

The Airports Commission should opt for a single hub airport with spare capacity to add new routes, the Confederation of British Industry (CBI) said on Monday. CBI raised the issue that Heathrow is al... [more]

UK mortgage approvals dip in July but beat forecasts

Mon, 01 September 2014

UK mortgage approvals slipped in July but the decline was not as bad as analysts had feared, easing concerns about a sharp slowdown in the housing market. Approvals for home purchases totalled 66,569... [more]

UK manufacturing slows down in August, geopolitics weigh

Mon, 01 September 2014

The Markit purchasing managers' index (PMI) for the month of August slipped to a reading of 52.5 in August from 54.8 in the month before. That was the lowest reading since June 2013. The consensus e... [more]

UK manufacturing growth eases as uncertainty weighs

Mon, 01 September 2014

British manufacturing growth slowed in the last three months and the sector is facing an uncertain future, a survey released on Monday showed. Although output and new orders stayed positive at +10% i... [more]

UK bonuses rise in private sector, ONS reveals

Fri, 29 August 2014

Bonus payments rose 4.9% to £40.5bn in the year to April 2014, driven by the private sector, the Office for National Statistics said on Friday. The private sector saw bonuses increase 5.8% to &#... [more]

British banks to review 2.5m PPI complaints, FCA says

Fri, 29 August 2014

The Financial Conduct Authority (FCA) has told banks to reassess payment protection insurance (PPI) complaints they've ignored or underpaid. The complaints, worth a total of about £2.5m, were re... [more]

IMF board likely to believe Lagarde investigation will not interfere with her duties

Fri, 29 August 2014

The International Monetary Fund (IMF) board will likely offer its support to its leader, Christine Lagarde, who is facing a formal investigation into claims of negligence in a French fraud case, sourc... [more]

UK consumer confidence outlook uncertain despite August rise

Fri, 29 August 2014

British consumer confidence rose this month but rises are starting to flatten out and people are uncertain about their prospects, a survey on Friday showed. The overall index score in the GfK UK Cons... [more]

UK house prices rise again in August despite lending clampdown

Fri, 29 August 2014

British house prices rose in August for the 16th month in a row, defying attempts by regulators to cool down the market with a clampdown on irresponsible mortgage lending. Prices increased by 0.8% in... [more]

Housing market showing signs of slowdown, Hometrack says

Fri, 29 August 2014

House prices inched just 0.1% higher in August, according to Hometrack's monthly national housing survey. It was the second consecutive month that the gap between supply and demand narrowed, with the... [more]

BT faces accusations over alleged contribution to US drone strikes

Thu, 28 August 2014

The government is facing a demand to investigate BT Group on claims that the company has helped the US to conduct drone strikes against Yemen and Somalia, although BT denied the accusations. Human ri... [more]

Unite Group pre-tax profit increases in first half

Thu, 28 August 2014

Unite Group, a UK developer and manager of student accommodation, reported first half pre-tax profit of £44.6m, a £7.1m increase year-on-year. Revenue rose from £47.6m to £57.9m, ... [more]

Redrow's deputy chairman to step down

Thu, 28 August 2014

British residential developer Redrow has announced Alan Jackson, the company's deputy chairman and senior non-executive director will step down on 1 September. From that date, Debbie Hewitt will repl... [more]

Playtech revenues up 21.2%

Thu, 28 August 2014

Gaming software developer Playtech reported first half revenues of €214.4m, a 21.2% increase year-on-year and the company said profit was likely to exceed forecast this year. The company's earn... [more]

Funding for Lending declines, but SME lending increases says BBA - UPDATE

Thu, 28 August 2014

The Bank of England's scheme to improve credit to small and medium-sized businesses (SMEs) failed to prevent further declines in lending to the UK's growth engine during the second quarter. However t... [more]

Stock Spirits first-half profits go down due to alcohol duty changes

Thu, 28 August 2014

Drinks seller Stock Spirits Group saw its revenues drop by 10% in the first-half of the year due to policy changes in Poland and adverse foreign exchange rates hitting its Czech business. Revenue dro... [more]

Apple's iWatch to be unveiled on 9 September

Thu, 28 August 2014

Apple plans to unveil its highly anticipated wearable device iWatch on 9 September to compete against Samsung's Galaxy Gear, reports said. The device will feature new functions such as the health and... [more]

Hot weather and economic upturn boost UK high street in August

Thu, 28 August 2014

The hot summer weather and the economic upturn enticed shoppers onto the UK high street this month, a survey out on Thursday showed. Retail sales rose strongly in the year to August with the pace of ... [more]

Office2Office revenue down 4% due to reduced customer demand

Thu, 28 August 2014

Services company Office2office saw its revenue and profit go down in the first-half of the year due to changes in customers buying behaviour. The company's revenue was down 4% at £114.6m compare... [more]

FTSE 100 Top Risers

Name Last Chg.% Time
Weir Group 2,706.00 2.54 17:08
Anglo American 1,562.00 2.53 17:10
Tesco 230.70 2.37 17:06
Hargreaves Lansdown 1,139.00 1.97 17:04
Aviva 525.00 1.94 17:02

FTSE 100 Top Fallers

Name Last Chg.% Time
Royal Bank of Scotland Group 351.50 -2.44 17:08
Randgold Resources Ltd. 4,989.00 -1.85 17:06
IMI 1,329.00 -1.85 17:06
Royal Mail 440.00 -1.74 17:06
Barratt Developments 362.50 -1.74 17:02