News And Announcements
German consumer sentiment to fall in November - GfK
German consumer confidence looks set to decline in November amid rising coronavirus cases, according to a survey released on Thursday by market research group GfK.
Sunak's job support scheme could leave 2m workers unprotected
Chancellor Rishi Sunak’s job support scheme is likely to protect just 17% of jobs in the UK at risk from redundancy, leaving 2m people unprotected, said the New Economics foundation on Wednesday.
Manchester United revenue slides amid Covid-19 crisis
Manchester United has suffered a £71m hit from the Covid-19 pandemic, it revealed on Wednesday, as the football club reported its finances for the year.
Not the time for negative interest rates, says BoE's Ramsden
Bank of England deputy governor Dave Ramsden said on Wednesday that it wasn’t the time for negative interest rates.
Pound jumps as EU's Barnier says Brexit deal is within reach
The pound snapped higher in early trading after the European Union's chief Brexit negotiator told the European parliament that an agreement could be reached.
Waitrose and Co-Op join price war, cut prices for essential goods by 15%
Waitrose and Co-Op are cutting prices of essential goods by an average of over 15% ahead of a Christmas that will likely bring more economic travails for customers.
UK Sept CPI rises to 0.5%; borrowing soars to record £208bn
The UK government borrowed £36. 1bn in September taking borrowing in the first six months of the financial year to a record £208. 5bn, the Office for National Statistics said on Wednesday.
Brussels and London mull restarting Brexit talks - reports
Speculation is growing that London and Brussels are gearing up to resume stalled trade talks, despite prime minister Boris Johnson warning the UK to prepare for a no-deal Brexit.
BoE's Vlieghe mulls further stimulus as Covid risk rises
The Bank of England’s Gertjan Vlieghe looked to give some cautious support for negative interest rates on Tuesday, as he warned of a “tremendous challenge ahead” for the UK economy.
UK households remain downbeat about their finances - survey
Household finances remain under severe pressure, research published on Monday showed, as concerns about job security and the long-term health of the economy persist.
House of Lords may dilute 'contentious' aspects of Internal Market Bill
The House of Lords is likely to dilute or strike out some of the more contentious parts of the government's Internal Market Bill, possibly making it easier to strike a deal with the European Union.
UK's lowest income homes to get help with winter fuel bills
The UK’s poorest households, who are unable to afford paying for their winter fuel bills, will get help from their suppliers under new rules from Ofgem.
Euronext says technical issue has been resolved
Euronext said on Monday that the cause of a technical issue that halted trading earlier in the day in its cash and derivatives products has been identified and resolved.
Retail footfall declines as new tiered restrictions have immediate impact
Downing Street's new Covid-19 tiered restrictions have had an immediate impact on British retailers as footfall continued to fall in the week ended 17 October.
China's economy grows 4.9% in Q3
China’s economy continued to recover in the third quarter, albeit a little less than expected.
Brexit will hit UK firms harder than those from the EU, IFO says
Brexit will have a pronounced impact on Germany, but the hit to the UK will be especially hard, Germany's most prestigious economic research institute said.
London to move from Tier-1 to Tier-2 Covid-19 restrictions on Saturday
Londoners will be subject to Tier-2 Covid-19 restrictions from Saturday, meaning that the mixing of households indoors and at pubs and restaurants will not be allowed.
Covid-19 testing firm to float on AIM
Source BioScience, a specialist in Covid-19 diagnostics, is to return to the London stock market in a potential £130m initial public offering.
German investor sentiment deteriorates amid Covid, Brexit woes
German investor sentiment deteriorated more than expected in October amid concerns about the Covid-19 pandemic, Brexit and the US presidential election, according to the latest survey from the ZEW Center for European Economic Research in Mannheim.
UK grocery sales rise as Covid-19 restrictions bite
UK grocery sales jumped in September, industry data showed on Tuesday, as more stringent restrictions were introduced to tackle the resurgence in Covid-19.