News And Announcements
FTSE 100 could hit 10,000 if it can shake off Brexit risk premium
For the top-flight index to reach the 10,000 point mark by end-2020, the UK share market needs to either rid itself of the current risk discount associated with Brexit or be carried aloft by a global equity bubble, a top research team said.
KPMG facing 6m pound fine from FRC over misconduct in audits
KPMG faces £6m in sanctions from the Financial Reporting Council after investigations revealed misconduct in audits and the enquiries made in a claims file review process.
Brexit could spell 'dark days' for UK car manufacturing, warns SMMT
The Society of Motor Manufacturers and Traders warned on Tuesday that Brexit could send British car production back to the "dark days of the mid-1980s" as production fell for the tenth month in a row amid the weakest level of first quarter activity since 2011.
EU demand drives UK's best Q1 commercial vehicle production since 2012
British commercial vehicle production enjoyed its best first quarter since 2012 as EU exports drove demand, according to figures released on Tuesday by the Society of Motor Manufacturers and Traders (SMMT).
German unemployment drops more than expected in April
German unemployment dropped more than expected in April, according to figures released by Destatis on Tuesday.
UK consumer sentiment holds steady in April - GfK
Consumer confidence in the UK held steady in April - albeit in negative territory - despite Brexit-related uncertainty, according to the latest survey from GfK.
Hot Easter helps drive stronger UK grocery sales, Kantar says
Grocery sales growth increased in the past three months as warm weather prompted shoppers to spend a record £2. 5bn during the Easter week.
Belt and Road: Chinese loan renegotiations study challenges "debt-trap" narrative
China reportedly renegotiated $50bn in loans made to developing countries over the last decade, according to a study challenging the “debt-trap” narrative against the Belt and Road initiative from western countries.
Thomas Cook reveals negative Brexit impact on EU holiday plans
Thomas Cook revealed on Monday that nearly half of the holiday packages sold for this summer are to non-European Union countries as the uncertainty around Brexit leads Britons to change their travel plans.
Brexit to slow economic growth further in 2019, says report
The UK's economy will slow in the second half of the year as the impact of Brexit uncertainty weighs on growth, according to a leading economic forecaster.
UK economic sentiment dips in April
Economic sentiment in the UK deteriorated in April, according to a survey released by the European Commission on Monday.
Warren Buffett says he's ready to invest in the UK
Warren Buffett is prepared to invest in Britain immediately if the right opportunity arises.
Tesla Model 3 to arrive in UK next week
Tesla is set to bring its Model 3 to the UK and begin taking orders at the start of May, followed by markets that have right-hand drive vehicles, according to a tweet from CEO Elon Musk.
US consumer sentiment dips in April
US consumer sentiment deteriorated less than expected in April, according to a final reading from the University of Michigan.
Xi pledges "green and sustainable" Belt and Road initiative
China’s President Xi Jinping tried to ease concerns at the Belt and Road project summit in Beijing and pledged it would be a “green and sustainable” initiative.
UK mortgage approvals hit nine-month high in March
UK mortgage approvals rose more than expected in March, to their highest level in nine months, according to figures released by UK Finance on Friday.
UK factories stockpiling at record rate amid Brexit uncertainty - CBI
Factories in the UK have been stockpiling goods at the fastest rate since the 1950s amid Brexit uncertainty, according to the latest quarterly survey from the Confederation of British Industry.
GVC to end TV ads and football sponsorship in move to help addicts
Ladbrokes’ owner, GVC has made a bold move in the gambling industry, cancelling its ads on TV and sponsorship on football shirts to protect problem gamblers.
Retail sales rise in April for first time in five months - CBI
Retail sales rose for the first time in five months in April, according to the latest data from the Confederation of British Industry.
World GDP growth peaks and will continue at slower pace -NIESR
Global output growth will continue but at a slower pace than that seen over the last two years, according to one of the country's top think-tanks, who also said that the economic cycle had now peaked.