News And Announcements
M&G suspends property fund citing Brexit, weak retail sector
Heavyweight investor M&G on Wednesday suspended withdrawals from its property fund, citing Brexit worries and a weakening retail sector which had sparked a run by investors.
Clintons close to saving 2,500 jobs - Sky News
Greetings card retailer Clintons is on the cusp of announcing a restructuring programme that could preserve 2,500 permanent jobs, according to a report from Sky News.
ISM non-manufacturing index slips in November
Activity in the US services sector deteriorated more than expected in November, according to data released on Wednesday.
Woodford Income to remain suspended as administrators mull future
A decision on the fate of the frozen Woodford Income Focus Fund has been delayed, the fund’s administrators confirmed on Wednesday.
US private sector adds fewer jobs than expected in November - ADP
Private sector employment in the US rose less than expected in November, according to figures released by ADP on Wednesday.
Eurozone economy 'near-stagnant' - survey
Economic activity in the eurozone improved a touch in November, although growth levels remain among the lowest of the past six years as the struggling manufacturing sector weighed heavily.
Pound hits seven-month high versus dollar
Sterling hit a seven-month high against the dollar on Wednesday as the Conservatives continued to lead the polls in the run-up to the general election next week.
Labour nationalisation plans could delay low-carbon transition, IFS warns
Labour’s plans for the nationalisation of different sectors could lead to a disruption in the UK’s transition to a low-carbon economy, the Institute for Fiscal Studies said in a study on Wednesday.
China and US said to be nearing phase one trade deal
The US and China are reportedly moving closer to agreeing a phase one trade deal despite tensions over Hong Kong and Xinjiang.
UK services sector shrinks in November
The UK services sector shrank in November at the fastest pace since March, as worries about Brexit and the upcoming general election took their toll, according to a survey released on Wednesday.
China services activity hits seven-month high in November
Activity in China’s services sector picked up more than expected in November, according to data released on Wednesday.