News And Announcements
Banksy graffiti-covered truck to be auctioned
Bonhams is set to auction a truck covered in graffiti painted by urban painter Banksy at a Goodwood Revival sale next month.
Chicago PMI rises more than expected in August
Economic activity in the Chicago area improved more than expected in August, according to figures released on Friday.
UK lending to individuals and businesses softens in July
Lending to UK consumers and businesses slowed further in July, although mortgage lending held up.
Eurozone inflation and unemployment rate hold steady
Eurozone inflation was steady in August and well below the European Central Bank’s 2% target, while the unemployment rate for July was also stable, underpinning the case for stimulus from the ECB.
UK inflation expectations hit six-year high in August, poll shows
Britons' inflation expectations hit a six-year high in the likely run-up to the UK's exit from the European Union, the results of a widely-followed survey showed.
House prices grow less than 1% for ninth month in a row
Annual house price growth across the UK remained below 1% for a ninth consecutive month in August as political and economic uncertainties weighed on potential buyers.
UK consumer sentiment drops to six-year low amid Brexit woes - GfK
UK consumer confidence deteriorated to a six-year low in August as concerns about Brexit took their toll, according to a survey released earlier.
US pending home sales drop 2.5% in July
US pending home sales unexpectedly fell in June after two consecutive months of gains, according to the latest figures from the National Association of Realtors.
US initial jobless claims rise as expected
The number of Americans filing for unemployment benefits rose as expected last week, according to figures released by the Department of Labor on Thursday.
UK car industry experiences worst decline since 2001 in July
The UK car industry recorded its worst performance since 2001 in July with output falling at a year-on-year pace of over 10%.
Activists threaten to fly drones at Heathrow to ground flights
Environmental activists are planning to fly drones around Heathrow airport with the aim of grounding flights from the UK's largest transportation hubs to protest against climate change and the contribution of air travel to the problem.
No confidence vote and early UK elections still most likely scenario, ING says
Westminster's decision to to suspend Parliament meant the withdrawal process would go down to the wire, raising the odds of the UK crashing out of the European Union without a deal "slightly", but a no-confidence vote that led to another Article 50 extension and new elections remained the most likely outcome - but only "narrowly" - analysts at ING said.
Former HSBC banker cleared in €1.6bn tax fraud case
A former executive from HSBC's private Swiss bank has been cleared three years after French authorities charged him with helping clients hide assets worth at least €1. 6bn (£1. 45bn).
Gatwick Airport kicks off process to bring standby runway into use
Gatwick Airport has formally launched the process to bring its standby runway into routine use, by submitting a notice to the Planning Inspectorate of its intention to apply for development permission.
US house price growth slows in June
US house price growth slowed in June, according to the S&P/Case-Shiller National Home Price Index out on Tuesday.
UK mortgage approvals hit best level in two years
UK mortgage approvals hit their highest level in July since February 2017, according to figures released by UK Finance on Tuesday.
Weaker exports dent German growth in Q2
Germany's economy shrank in the second quarter, according to figures released by Destatis on Tuesday, in line with the first estimate and analysts' expectations.
UK’s biggest tremor yet hits fracking site
The UK has experienced a 2. 9-magnitude tremor near a Cuadrilla fracking site in Blackpool on Monday which has once again raised the alarm about the practice.
Johnson says Brexit deal unlikely and UK can easily cope with disorderly exit
UK Prime Minister Boris Johnson said that the likelihood of an exit deal was “touch and go” but said that country could easily cope with no-deal Brexit.
US new home sales slump in July
Sales of new US single-family homes fell more than expected in July, according to data released by the Commerce Department on Friday.