News And Announcements
Analysts at JP Morgan sounded a particularly positive note on the outlook for Barclays and NatWest Group after Bloomberg reported at the weekend that the Prudential Regulatory Authority would consider easing their resistance to dividend payouts from UK lenders on a case-by-case basis.
Household finances deteriorated in November, research showed on Monday, as ongoing lockdown restrictions across the UK continued to hit home.
Private sector output contracted sharply in November as the second national lockdown shuttered the leisure and hospitality sectors, research showed on Monday.
Footfall across UK retail destinations was fell 55. 4% year-on-year in the week ended 21 November, with regional city centres continuing to be hardest hit.
Eurozone business activity fell sharply in November, putting the bloc on track for a double-dip recession as governments imposed restrictions to stem a second wave of Covid-19 infections.
US Treasury Secretary Steve Mnuchin tried to play down his decision not to extend several emergency Federal Reserve lending facilities but economists said his move risked damaging the economy.
UK regulators and leading bankers are set to be called for evidence by MPs after the Treasury committee launched an inquiry into the future of financial services.
Ofgem is considering upping the price cap after the Covid-19 pandemic prompted a rise in bad debts, hitting the finances of energy suppliers.
Retail sales held up during the first full week of lockdown, research published on Friday showed, as consumers got their Christmas shopping underway early.
UK unions called for key frontline workers to be given priority access for a Covid-19 vaccine once its rolled out after they were omitted from the list.
Consumer sentiment dipped further in November as households worried about their personal finances, a widely followed survey showed.
The UK government borrowed a less than expected £22. 3bn in October as tax receipts outstripped forecasts, official figures showed.
UK retail sales rose for the sixth consecutive month in October, underpinned by the online segment, while government borrowing hit its highest level on record for that month but was still lower than forecast, according to figures released on Friday by the Office for National Statistics.
UK factory orders fell at a faster pace in November as the second wave of Covid-19 hit demand, a Confederation of British Industry survey showed.
The UK has become less attractive as a place for overseas companies to invest during the Covid-19 crisis but its appeal is relatively strong compared with the rest of Europe, a survey showed.
Carnival said it planned to raise $1bn (£753m) with an equity offering to buy convertible bonds back from their holders.
UK house prices accelerated faster than expectations in September fuelled by the Chancellor's stamp duty holiday and households looking for more space, official figures showed.
UK inflation edged higher in October as the price of clothing rose, according to figures released on Wednesday by the Office for National Statistics.
The Financial Conduct Authority has banned lenders from repossessing homes until February 2021 and extended mortgage payment holidays, it was confirmed on Tuesday.
Morgan Stanley predicted a V-shaped global economic recovery and advised investors to take 'overweight' positions on global equities and credit as the world emerges from a turbulent 2020.