News And Announcements
US private sector adds fewer jobs than expected in March
Private sector employment in the US grew less than expected in March amid trade uncertainty and fading fiscal stimulus, according to data released by the ADP on Wednesday.
City of London planners approve 'Tulip' skyscraper
The City Corporation of London approved the plans for the new Tulip tower, which will be the second tallest building in Europe.
UK food prices soar as freak weather hits home
Food prices rose at the highest rate for nearly six years in March, data showed on Tuesday, as increased commodity prices and adverse weather took their toll.
UK at risk of 'deepening downturn' as services sector stumbles
The UK services sector saw business activity ease in March, the first decline in more than two-and-a-half years, as Brexit turmoil curtailed spending and weighed heavily on the economy.
Eurozone business activity sluggish in March
Growth in the eurozone services sector was stronger than expected in March, but overall business activity remained sluggish, held back by weak manufacturing, according to data released on Wednesday.
China services PMI hits 14-month high in March
Services activity in China rose to a 14-month high in March, according to figures released on Wednesday.
May offers to work with Labour on Brexit agreement
Theresa May has offered to "sit down" with opposition leader Jeremy Corbyn to agree on a Brexit deal based on her existing withdrawal agreement.
Asda and Aldi overtake supermarket rivals - Kantar
Asda moved up to become the second largest supermarket in Britain in recent weeks, while discounter Aldi overtook Morrisons in terms of shopper numbers as the sector saw its slowest rate of growth for a year.
MPs accuse bookies of 'cheating' FOBT rules with roulette-style games
Bookmakers have been accused of violating new rules on fixed-odd betting terminals after an investigation found that high-stakes roulette-styled games were launched on the same day as the restrictions on the machines were implemented.
UK construction sector choked by Brexit uncertainty - survey
The UK construction sector continued to stagnate in March, as Brexit uncertainty and concerns about the economic outlook weighed heavily.
Big Four under fire for failures in inspecting accountand excessive hospitality spending
The big four accounting firms are under scrutiny after it was revealed they failed to charge some of the UK’s largest companies for the full cost of inspecting their accounts and have been overspending on hospitality with clients, a practice which is banned.
UK minimum wage rise gives 2m people pay rise
Minimum wages in the UK will increase by almost 5% on Monday to give roughly two million workers a pay rise.
Manufacturing spikes as Brexit stockpiling ramps up
Brexit stockpiling has helped push manufacturing output to a surprise 13-month high, data showed on Monday.
Network Rail under fire from regulator ahead of massive series of upgrades
Concerns are being raised over the ability of Network Rail to deliver a massive, multi-billion pound series of upgrades to Britain’s ageing railway infrastructure, it was revealed on Monday.
German manufacturing slips deeper into recession, PMI at 80-month low
Germany’s manufacturing industry slipped deeper into recession in the first quarter of 2018 as worries about Brexit, trade tensions and the weakening global economy hit sales.