News And Announcements
UK CMA orders hotel booking websites to end misleading practices
Six major hotel booking websites have been ordered to end misleading practices after an investigation found some of them guilty of pressure selling and giving prominence to properties which paid a commission.
Shock slide in German factory orders sparks recession fears
Factory orders fell sharply in Germany in December, fuelling concerns that the eurozone’s powerhouse economy could be heading towards recession.
Cabinet ministers plan eight-week Brexit delay
Cabinet ministers are planning to delay Brexit by eight weeks until 24 May, it was reported on Wednesday.
US services sector growth slows in January - ISM
Growth in the US services sector slowed more than expected in January, according to data released on Tuesday.
Trimble and Foster unite to call for removal of Brexit backstop
Former Northern Ireland first minister David Trimble is taking the UK government to court with a claim that the Brexit withdrawal agreement’s Irish backstop clause breaches the Good Friday Agreement.
Almost two-thirds of Brits would switch energy provider if new price cap limit increases bill
A new survey has revealed that as much as 65% of Brits would switch the heir household energy provider if Ofgem's new price cap limit increases their bill.
British car sales dip slightly; demand for electric models surges
Demand for electric cars powered ahead in January, data showed on Tuesday, as consumers continued to shift away from diesel models.
UK services sector growth grinds to a halt in January
UK services sector growth nearly ground to a halt at the start of 2019 amid the first decline in incoming new work since July 2016, in the immediate aftermath of the Brexit vote, the results of the most widely-followed survey for the sector revealed.
UK retail sales pick up in January - BRC
UK retail sales picked up in January as shoppers were lured in by discounts following the worst December trading performance in a decade, according to the latest BRC-KPMG retail sales monitor figures.
Fracking seismic rules 'unworkable', says Jim Ratcliffe
Petrochemicals billionaire Jim Ratcliffe has warned the UK is "heading towards an energy crisis" unless it loosens controls on fracking for oil and gas.
City watchdog unveils new rules for fund managers
The financial regulator has published updated guidance for asset managers, as it looks to ensure consumers better understand how their money is managed.
CFOs rank Brexit as top risk for businesses - Deloitte
UK company finance chiefs have been forced to adopt their most defensive strategy stance in nine years due to the risk Brexit poses to business, a new survey from Deloitte has revealed.
Brexit anxiety takes its toll as construction sector falters
Momentum in the UK construction sector stalled in January, as Brexit uncertainly saw nervous clients put projects on hold.
Investor sentiment slides as Eurozone braces for Brexit
Investor sentiment has fallen in the eurozone, research published on Monday showed, as concerns about Brexit and the global economy weighed heavily.
Leave.EU and Aaron Banks firm fined over unlawful marketing
The Information Commissioner’s Office has fined the Leave. EU campaign and backer Aaron Banks’ Eldon Insurance over unlawful marketing messages and will carry out a further audit of data protection practices.
Brexit to force one third of UK businesses to relocate abroad - IoD
A new report from the Institute of Directors showed that nearly 30% (one in three) of UK businesses could be forced to relocate abroad due to potential Brexit chaos.
UK factories scramble to stockpile ahead of Brexit
UK manufacturing companies are stockpiling raw materials and finished goods at greatest rate since records began as they prepare for a potentially turbulent no-deal Brexit.