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Economic news

Cameron committed to EU reform, despite reluctant reception

Cameron committed to EU reform, despite reluctant reception

Fri, 22 May 2015

A reformed EU is achievable, but negotiations will be challenging, according to UK Prime Minister David Cameron. Cameron said that he was aware he had a mandate and the "British people at his back", b... [more]

NHS trusts' deficit more than seven times higher than a year ago

NHS trusts' deficit more than seven times higher than a year ago

Fri, 22 May 2015

NHS trusts in England saw their deficits swell to to £822m in 2014-15, from just £115m a year earlier. Health regulator Monitor, which assesses NHS tusts before they can become NHS Foundation Trusts a... [more]

Start-up British banks seeing better returns than larger rivals, says KPMG

Start-up British banks seeing better returns than larger rivals, says KPMG

Fri, 22 May 2015

New 'challenger' banks are outperforming the 'Big Five' high street banks, and the larger lenders need to examine better ways of standing out in the market, according to a report by KPMG. The reported... [more]

US CPI rises 0.1% month-on-month in April, down 0.2% year-on-year, as expected

US CPI rises 0.1% month-on-month in April, down 0.2% year-on-year, as expected

Fri, 22 May 2015

The US consumer price index (CPI) rose 0.1% month-on-month in April, easing back from a 0.2% in March, as forecast by analysts. The Bureau of Labor Statistics said compared to a year ago the US fell f... [more]

UK public sector net borrowing falls in April on strong tax receipts

UK public sector net borrowing falls in April on strong tax receipts

Fri, 22 May 2015

The UK budget deficit narrowed in April from last year, according to data published by the Office for National Statistics on Friday. Public sector net borrowing excluding state-controlled banks fell 2... [more]

PRA's Bailey warns UK lenders of return to potentially "fatal" high-risk property loans

Fri, 22 May 2015

The head of the Bank of England's Prudential Regulation Authority has warned of a dangerous shift by UK lenders back towards high-risk property loans. Andrew Bailey, chief executive of the PRA, pointe... [more]

Train strike called off after rail unions both pull out

Thu, 21 May 2015

A strike called by rail workers in the UK next Monday and Tuesday has been called off after both rail unions involved in pay disputes suspended the action after receiving a new offer from Network Rail... [more]

Net migration at its highest level for 10 years

Thu, 21 May 2015

Net migration reached a ten year high in 2014, according to data from the Office for National Statistics (ONS). The figure swelled to 318,000 last year, up by almost 110,000 from 2013 and just below t... [more]

Exports drive gentle recovery in UK manufacturing, CBI says

Thu, 21 May 2015

The Confederation of British Industry“s (CBI) gauge for total order books printed at -5%, as 20% of companies reported total order books were above normal but 24% they were below normal. That remained... [more]

UK retail sales grow faster than forecast in April due to clothing boost, says ONS

Thu, 21 May 2015

UK retail sales grew faster than hoped in April, rising 1.2% on the previous month and 4.7% compared to the April last year, according to the Office for National Statistics. The monthly retail sales i... [more]

Barclays and RBS among banks fined $5.6bn for forex rigging

Wed, 20 May 2015

Five global banks including the UK's Barclays and Royal Bank of Scotland have agreed to pay over $5bn in combined fines and will plead guilty to criminal charges over the rigging of foreign exchange m... [more]

CBI urges UK businesses to make themselves heard over 'Brexit'

Wed, 20 May 2015

Businesses should make their voices heard in favour of a reformed European Union, the president of the Confederation of British Industry said. David Cameron has pledged a referendum on Britain's EU me... [more]

HSBC hits hurdle over ring-fencing plan, says Sky News

Wed, 20 May 2015

HSBC's plans to segregate its UK retail banking operations have hit a fresh obstacle after regulators indicated that a prospective candidate for the division's chairmanship would be inegible for the r... [more]

Brexit could see Deutsche Bank leave the UK

Tue, 19 May 2015

Deutsche Bank has indicated it might move its business away from Britain, should the UK opt to exit the European Union. Throughout his election campaign, which culminated in a the Conservative party w... [more]

US housing starts surged in April

Tue, 19 May 2015

US housing starts rocketed by 20.2% month-on-month in to reach an annualised rate of 1.135m, according to the US Department of Commerce. That was the largest one-month gain for the series since 1991. ... [more]

PPI complaints halve but new misselling fears over 'preimum' accounts

Tue, 19 May 2015

The number of complaints over the mis-selling of payment protection insurance (PPI) has almost halved in the last year, but the issues with packaged or premium accounts more than trebled. Official fig... [more]

BoE's Carney says CPI drop is good, but will not last

Tue, 19 May 2015

Bank of England Governor Mark Carney said the fall in the cost of living was good for Britons but would not last long. "Enjoy it while it lasts"was the message from Carney following Tuesday's release ... [more]

ECB is ready to act to hit inflation target, says Noyer

Tue, 19 May 2015

The European Central Bank is prepared to take further action against inflation if needed, governing council member Christian Noyer said at a Euromoney conference in Paris on Tuesday. He said that rece... [more]

Eurozone consumer prices flat year-on-year in April as final reading confirms estimate

Tue, 19 May 2015

According to data released by Eurostat on Tuesday, consumer prices in the Eurozone stopped falling in April following four months of declines. The annual rate of inflation for the Eurozone printed at ... [more]

German economic sentiment falls more than expected, ZEW survey shows

Tue, 19 May 2015

German economic confidence declined more than forecast in May, ZEW's survey revealed on Tuesday. The economic sentiment index dropped to 41.9 in May from 53.3 a month earlier, compared to analysts' es... [more]

UK house prices rise in year to March, ONS reveals

Tue, 19 May 2015

UK house price growth accelerated in the year to March, according to the Office for National Statistics (ONS). Data released on Tuesday showed prices rose 9.6% in the year to March, compared to 7.4% i... [more]

UK falls into deflation in April, first decline in CPI since 1960s says ONS

Tue, 19 May 2015

UK inflation fell 0.1% in the year to April, the first annual fall in the consumer prices index since the 1960s. Data from the Office for National Statistics said UK core inflation slowed to 0.8% in A... [more]

ECB's Coeure says bank to front-load QE buying in May and June

Tue, 19 May 2015

According to the text of a speech made in London on Monday, European Central Bank executive board member Benoit Coeure said that the bank will increase its purchases of euro-zone assets in May in June... [more]

US NAHB housing market index falls to 54 in May from 56 in April

Mon, 18 May 2015

According to the National Association of Home Builders/Wells Fargo figures released on Monday, a gauge of confidence among homebuilders in the US dropped two points to 54 in May, led lower by views on... [more]

UK house asking prices slipped in April but recovery seen

Mon, 18 May 2015

Asking prices for UK homes dropped in the run-up to the elections but should recover after the Tory victory eliminated the threat of labour's proposed Mansion tax and rent controls for landlords with ... [more]

NASDAQ 100 Top Risers

Name Last Chg.% Time
Expedia Inc. 113.00 6.71 21:22
NetApp Inc. 33.14 4.31 21:22
Intuit Inc. 106.76 2.50 21:22
Analog Devices Inc. 67.10 2.45 21:22
Avago Technologies Ltd. 132.64 2.35 21:16

NASDAQ 100 Top Fallers

Name Last Chg.% Time
Ross Stores Inc. 97.03 -4.45 21:22
Autodesk Inc. 56.39 -1.95 21:22
Dollar Tree Inc 77.18 -1.91 21:22
Charter Communications Inc. 175.33 -1.86 21:22
Wynn Resorts Ltd. 106.54 -1.44 21:22