News And Announcements
UK car production plunges 20% in first half of 2019 due to Brexit uncertainty
UK car production fell for a 13th consecutive month in June new data showed, with companies left holding a £330m 'no deal' mitigation bill.
US Congress to block trade deal with UK if Irish peace compromised
American congressmen and diplomats warned that it would block any US-UK trade deal after Brexit if the divorce with the European Union affected the Irish border, putting the peace in Northern Ireland at risk.
Ladbrokes Coral hit by £5.9m fine over consumer safeguarding failures
Ladbrokes Coral is set to pay a £5. 9m penalty imposed by the Gambling Commission, over multiple failures to safeguard problem gamblers after they lost hundreds of thousands of pounds.
Giffgaff fined £1.4m for overcharging mobile customers
Ofcom has fined Giffgaff £1. 4m after an investigation found a billing error that led to the network overcharging 2. 6m users over an eight-year period.
UK to attempt to negotiate new Brexit deal with EU
UK Prime Minister Boris Johnson will press the European Union in an attempt to negotiate a new Brexit deal before 31 October his office said on Tuesday.
China claims it has increased US soy imports
Chinese state media said on Sunday that the Asian country had purchased several million tonnes of US soybeans since 28 June, when Donald Trump and Xi Jinping met in Osaka, although those volumes had yet to show up in US government data.
Barclays and RBS among banks facing lawsuit over forex-rigging
Barclays, Citigroup, Royal Bank of Scotland, JPMorgan, UBS and Japan’s MUFG face a civil lawsuit in London over forex-rigging deals.
Pound slides as Boris Johnson pledges fresh Brexit negotiations
Boris Johnson on Monday pledged to "go the extra thousand miles" to seek an exit deal with the European Union, even as government preparations for a no-deal Brexit sent the pound to fresh lows.
Vauxhall considers moving Astra production out of Britain
Vauxhall owner PSA said on Monday that it could move Astra production out of the Ellesmere Port factory in the UK if its profits are hurt by Brexit.
UK mortgage approvals jump past forecasts in June
UK mortgage approvals rose past forecasts last month, alongside increasing consumer credit and a pick-up in the rate of growth of households' broad money holdings, pointing to continued economic growth ahead of the October Brexit deadline.
US economic growth slows less than expected in Q2
Economic growth in the US slowed in the second quarter, according to preliminary figures released on Friday by the Commerce Department, albeit less than expected.
UK wastes £1.2bn worth of food before it reaches supermarkets
Around 3. 6 million tonnes of food, with a value of £1. 2bn, goes to waste on UK farms every year, according to a fresh report from the charity WRAP on Thursday.
Robert Walters results supported by solid international growth
International recruitment firm Robert Walters reported a solid first half performance with operating profit increasing 6% to a half-year record of £21. 9m despite Brexit worries.
ECB holds rates but signals more stimulus is on the cards
The European Central Bank left interest rates unchanged on Thursday but signalled that a rate cut and more monetary easing were on the cards, pushing the euro to a two-month low against the dollar.
UK retail sales drop again in July - CBI
Retail sales in the UK fell for the third month in a row in July, marking the longest period of decline since 2011, according to the latest data from the Confederation of British Industry.
German business confidence deteriorates in July - Ifo
German business confidence deteriorated more than expected in July, to its worst level since April 2013, according to a widely-followed survey released on Friday.
UK mortgage approvals near two-year high in June
UK mortgage approvals hit their second-highest level in more than two years in June, according to figures released by UK Finance on Wednesday.
Eurozone manufacturing growth eases in July
The eurozone manufacturing sector saw its steepest drop in production in July since April 2013, according to data released on Wednesday.
IMF lowers global growth forecasts on trade, Brexit concerns
The International Monetary Fund (IMF) cut growth forecasts for the global economy for this year and next as it warned that an escalation of the China-US trade war or a hard Brexit could harm it further.
FCA fines Standard Life Assurance £30m over pension sales failures
The Financial Conduct Authority fined Standard Life Assurance £30. 7m on Tuesday, for failures related to non-advised sales of annuities.