News And Announcements
Drivers pay £1.6bn too much in weak petrol market - CMA
The Competition and Markets Authority (CMA) reported on Friday that weakened competition among fuel retailers had led to UK drivers paying over £1. 6bn more than they should have in 2023.
HSBC, Lloyds among banks found in violation of CMA rules
Four major high street banks - HSBC, Lloyds, TSB, and Allied Irish Banks (AIB) - have been found in violation of rules set by the Competition and Markets Authority (CMA), it emerged on Thursday.
UK car production falls in June as manufacturers retool
Automobile output in the UK fell in June as carmakers retooled lines to produce electrified models, a business lobby group said.
German business sentiment deteriorates in July - Ifo
German business sentiment unexpectedly deteriorated in July, according to a survey released on Thursday by the Ifo Institute.
UK private sector expands as new business growth accelerates
Private-sector activity in the UK has expanded for the ninth straight month, with new business growth at its highest level in more than a year, according to the composite purchasing managers' index (PMI) released on Wednesday by S&P Global.
UK consumer confidence subdued - GfK
Consumer confidence remained subdued in July, a long-running survey showed on Friday, as people adopted a "wait and see" approach following the general election result.
UK retail sales slide in June - ONS
UK retail sales fell by more than expected in June, official data showed on Friday, partially reversing May’s jump.
Government borrowing higher than forecast in June - ONS
Public sector borrowing came in higher than expected in June, official data showed on Friday.
House purchases delayed as BoE's CHAPS system hit
The Bank of England said on Thursday that its CHAPS service has been hit by a global payments issue, delaying some high value and time-sensitive payments, including house purchases.
UK wage growth eases, vacancies fall
UK wages grew at their slowest pace in nearly two years in the three months to May, according to figures released on Thursday by the Office for National Statistics.
UK house price growth accelerates, rent inflation stays elevated
The annual increase in UK house prices accelerated sharply in May, while rent inflation stayed close to multi-year highs, according to the latest data released on Wednesday by the Office for National Statistics.
EZ June inflation confirmed at 2.5%
Inflation in the eurozone fell to 2. 5% in June from 2. 6% in May, in line with the flash estimate published on July 2, according to official data published on Wednesday.
UK inflation holds steady at 2%
UK inflation was unchanged in June, official data showed on Wednesday, in line with the Bank of England’s target.
Euros see supermarket sales grow despite poor weather
Take-home sales at supermarkets rose by 2. 2% over the four weeks ended 7 July, according to fresh industry data released on Tuesday, driven by summer events and evolving consumer preferences.
German economic outlook deteriorates for first time in a year - ZEW
The economic outlook in Germany deteriorated in July for the first time in a year, according to a survey released on Tuesday by the ZEW Center for European Economic Research in Mannheim.
Ofwat expands sewage probe to all wastewater companies in England and Wales
Ofwat announced on Tuesday that it was expanding its investigation into how water companies manage their wastewater treatment works and networks to include United Utilities and Severn Trent.
UK house prices soften in July - Rightmove
UK house prices dipped in July, industry data showed on Monday, as the general election, international sporting events and the start of the summer holidays unsettled the market.
Supermarkets say card payment issues resolved
Card payment disruptions at major UK retailers were reportedly resolved by Thursday afternoon, after customers at chains including Asda, Sainsbury's, and various petrol stations reporting issues with both Visa and Mastercard transactions.
CAA cuts Heathrow landing fees further after competition findings
The Civil Aviation Authority (CAA) has ruled that the amount Heathrow is allowed to charge airlines in landing fees must be reduced by a further 6% over the next two years following a competition appeal last year.
UK economy gathers momentum in May
The UK economy grew by more than expected in May, official data released on Thursday showed.