News And Announcements
German industrial production ticks up in May
German industrial production ticked higher on the month in May, according to the latest figures released by Destatis.
Morgan Stanley downgrades global equities to 'underweight'
Morgan Stanley has cut its stance on global equities to 'underweight', taking its allocation down to the lowest level in five years, as it argued that the risk/reward over the next three months looks "poor".
Jaguar Land Rover to build electrified car range in UK
Jaguar Land Rover will build range of new electrified cars at its Castle Bromwich plant in Birmingham, starting with the next-generation all-electric Jaguar XJ, the company confirmed on Friday.
German factory orders drop much more than expected in May
German manufacturing orders fell much more than expected in May, driven by a slump in foreign orders, according to figures released by Destatis on Friday.
Review recommends cutting inheritance tax gift period
An independent review of inheritance tax has recommended reducing the qualifying period for gifts before death as part of a broader push to simplify the tax.
House prices withstand uncertainty, Halifax says
House prices fell slightly in June but the annual trend strengthened, figures from Halifax showed.
UK car registrations fall for fourth consecutive month
Data released on Thursday showed that total new car sales have declined for the fourth month in a row in June, while alternatively fuelled vehicle demand dropped for the first time in 26 months.
Subdued domestic demand sees Eurozone retail sales slide
Retail sales eased across the Eurozone in May as consumers tightened their belts, official data showed on Thursday.
US private sector adds fewer jobs than expected in June - ADP
Private sector employment in the US grew less than expected in June, according to data released on Wednesday by the ADP.
US initial jobless claims drop a touch more than expected
The number of Americans filing for unemployment benefits fell a little more than expected last week.
UK services sector practically grinds to a halt in June
There was more bad news on the UK economy on Wednesday as a survey showed that activity in the services sector pretty much ground to a halt in June.
Treasury orders firms to reveal climate change impact on profits
the UK Treasury has ordered that Britain’s leading companies, investment funds and pension schemes, must be able to show by 2022 how climate change and measures such as a ban on plastics might impact their finances.
Irish backstop has to change or go, says Hunt
Jeremy Hunt on Tuesday told an audience of Conservative Party members in Belfast that the Northern Irish backstop "has to change or has to go".
Opec and allies agree to extend production curbs
The Organization of the Petroleum Exporting Countries and its allies are to extend their production curbs, as they look to shore up the price of oil.
US proposes extra tariffs on EU goods over Airbus-Boeing spat
The US decided to add more goods from the European Union to a list of imports that could be hit with retaliatory tariffs as part of its long-running dispute with Airbus over alleged government subsidies.
House price growth subdued in June - Nationwide
House price growth in the UK remained subdued in June as Brexit uncertainty continued to weigh, according to the latest survey from Nationwide.
Office chain to close 100 stores as it plans CVA
The shoes chain Office owned by Truworths International is set to close 100 stores in the UK and hired advisers to draw up plans for a voluntary arrangement for restructuring.
UK construction sector slumps to decade low
UK construction output plunged to a 10-year low in June, data published on Tuesday revealed, as deepening political and economic uncertainty halted investment.
UK economic growth stalling - survey
The British economy struggled in the second quarter, a survey showed on Monday, as Brexit and increasingly tougher global conditions held back growth.
Brussels launches probe into Spanish aid for Peugeot
The European Commission will investigate if Spain broke state aid rules with a €21m grant awarded to French car giant Peugeot.