News And Announcements
Retail sales continue to rise but pace of growth eases - BRC
**EMBARGOED UNTIL 00. 01 TUESDAY 10 NOVEMBER 2020** Retail sales continued to improve in October, according to a widely-watched survey released on Tuesday, but the pace of growth eased ahead of fresh lockdown measures coming into effect this month.
Shopper numbers crash as English lockdown gets underway
The UK retail sector enjoyed a brief surge last week, before shopper numbers crashed as England’s second lockdown came into effect.
Average house price exceeds £250,000 but downturn looms - Halifax
Average UK house prices have exceeded £250,000 for the first time amid a mini-boom induced by the Chancellor's stamp duty holiday but a downturn lies ahead, Halifax said.
Sunak U-turn extends furlough until end of March
The Chancellor has bowed to pressure by extending his Covid-19 furlough programme for five months with England in a second lockdown to stem the virus's spread.
UK finance chiefs gloomier before lockdown - BoE survey
UK finance chiefs were gloomier about the outlook for business and the economy even before the second Covid-19 lockdown, a Bank of England survey showed.
New car registrations fall in October as Welsh 'firebreak' lockdown subdues demand
New car registrations declined across the UK in October as the Welsh "firebreak" lockdown subdued demand.
BoE boosts QE by £150bn, leaves rates on hold
The Bank of England kept interest rates on hold at a record low of 0. 1% on Thursday, as expected, but boosted its bond-buying programme as it warned of a double-dip recession, just as England heads into its second national lockdown.
German factory orders slow, missing forecasts
German factory orders slowed in September and missed expectations as eurozone demand weakened, official figures showed.
UK construction PMI at five-month low in October
UK construction sector growth slowed more than expected in October, according to a survey released on Thursday.
US services activity slows in October - ISM
Activity in the US services sector slowed a little in October, according to data released on Wednesday.
UK services PMI at four-month low, double-dip recession ahead
Activity in the UK services sector slowed in October and the economy is course for a double-dip recession, according to a survey released on Wednesday.
Doctors in England on alert for possible Covid-19 vaccine before Christmas
Doctors in England have been placed on alert for the potential roll-out of a Covid-19 vaccine this side of Christmas.
Deliveroo chooses JP Morgan to help prepare London IPO
Meal delivery giant Deliveroo has given JP Morgan the mandate, alongside Goldman Sachs, to manage its initial public offering, which could be unveiled within months, Sky News's Mark Kleinman reported.
BoE to buy £100bn more bonds, Morgan Stanley predicts
The Bank of England will add £100bn to its bond-purchase programme to support the Uk economy through a second lockdown, Morgan Stanley predicted.
Eurozone set for second slump, Morgan Stanley says
The eurozone is heading for a fourth-quarter slump after a record rebound from the first spate of lockdowns, Morgan Stanley predicted.
Sunak says 'many more' will lose jobs from second lockdown
Chancellor Rishi Sunak said many more people would lose their jobs because of the second Covid-19 lockdown in England as he said the length of restrictions would be reviewed.
UK manufacturing beats expectations in October - PMI
UK manufacturing activity beat expectations in October as the sector expanded for the fifth month running, a survey showed.
German strength underpins eurozone manufacturing activity
Activity in the eurozone manufacturing sector continued to grow in October, boosted by a surge in German new orders, according to a survey released on Monday.