Economic News
UK economy to rebound faster than expected, report says
The UK economy will grow more than expected in 2021 and will regain its pre-crisis peak earlier than predicted, according to one of the country's most prominent forecasters.
UK consumer confidence up by most in a decade - Deloitte
UK consumer confidence jumped by the highest margin in at least 10 years in the first quarter of 2021 as lockdown eased and vaccinations progressed, a survey showed.
Covid-19 cases in India hit new record highs
India reported the world's highest daily tally of coronavirus infections for a second day on Friday, surpassing 330,000 new cases in 24 hours.
US factory and services output risinig at record pace, PMIs reveal
Activity in US manufacturing and services accelerated at its fastest pace on record in April, according to two surveys.
Labour announces £30bn plan to create 400,000 green jobs
The Labour party has announced a £30bn plan to revive UK manufacturing and create 400,000 clean jobs.
Spectris share-price rise is unjustified, Shore Capital says
The rise in Spectris's shares is not justified, Shore Capital said as the broker reiterated its 'sell' rating for the maker of precision measurement instruments.
IATA, UNWTO to launch destination tracker to restore travel confidence
The World Tourism Organization (UNWTO) and the International Air Transport Association (IATA) announced the launch of a Destination Tracker on Friday.
UK annual borrowing hits post-war high of £303bn - ONS
The UK's annual borrowing hit a high not seen since the aftermath of the second world war as Covid-19 forced the state to spend to prevent an economic catastrophe, official figures showed.
UK economy continues to accelerate in April as lockdowns are eased, PMIs show
Manufacturing and services activity in Britain accelerated further at the start of the second quarter, with the former expanding quickest as lockdowns were eased, two closely-followed surveys showed.
Euro area economy grows in April as companies adjust to virus, PMIs show
Euro area manufacturing and services activity surprised to the upside in April, growing at pace not seen since July, the results of two key surveys revealed.
UK retail sales soar 5.4% in March
UK retail sales soared in March ahead of a partial lifting of coronavirus lockdown restrictions, according to official data released on Friday.