Economic News
Financial services sector reports slide in business volumes - survey
Business volumes across the financial services sector have tumbled at the fastest rate on record, research published on Tuesday showed.
FRC tells 'Big Four' accountants to split accounting and auditing operations
Regulators have told the UK's 'Big Four' accounting firms that by June 2024 they must separate their accounting and auditing arms.
Boris Johnson pledges £1.5bn to arts sector
UK Prime Minister Boris Johnson promised the arts sector £1. 57bn of help to survive the coronavirus crisis after theatres, music venues, museums and production companies where one of the worst hit by the effects of lockdown.
Investor sentiment rises across Eurozone, but outlook remains uncertain
Investor sentiment has improved across the Eurozone in July for the third month in a row, research published on Monday showed.
Liberum downgrades Boohoo, slashes price target
Liberum cut its rating on shares of Boohoo to ‘hold’ from ‘buy’ on Monday and slashed the price target to 350p from 500p following weekend press reports about alleged illegal practices at a supplier factory in Leicester.
Boris Johnson set to keep Huawei out of UK 5G
Boris Johnson said late on Sunday he now has “sound technical reasons” to keep Chinese firm Huawei out of the development of the UK’s 5G infrastructure.
New car registrations fall as UK sector reopens
The number of new car registrations fell by over a third in June, industry data showed on Monday, as the UK market tentatively restarted.
Eurozone retail sales rise more than expected in May
Eurozone retail sales rose more than expected in May as coronavirus lockdowns across the bloc eased, according to figures released by Eurostat on Monday.
UK construction sector sees sharp rebound as lockdown eases
The UK construction sector gathered pace in June, as lockdown restrictions eased and output surged, according to a closely-watched survey published on Monday.
German factory orders rebound less than expected in May
German factory orders bounced back in May, albeit less than expected, according to figures released by Destatis on Monday.