News And Announcements
Review calls on government to reform listings to help UK fintech thrive post-Brexit
A government-commissioned review called on the UK government to reform listings rules and visa applications to help fintech thrive.
Chicago PMI ticks lower in February
Economic activity in the Chicago area deteriorated more than expected in February, according to data released on Friday.
Cellular Goods stock surges 310% in early trading
Shares in cannabinoid company Cellular Goods, started trading on a high on Friday in its launch on the London Stock Exchange.
Chancellor must address gaps in financial support - report
The government must do more to support workers who have fallen through the gaps during the Covid-19 pandemic, a Parliamentary committee has warned.
More women furloughed than men in pandemic crisis
Provisional Treasury figures estimated that more women were furloughed due to the pandemic crisis than men out of the total 4. 7m on the scheme.
ExxonMobil to sell UK assets to HitecVision in $1bn deal
ExxonMobil announced on Wednesday it would sell its non-operating interest in its UK and North Sea exploration and production assets to private-equity fund HitecVision in a deal worth over $1bn.
UK retail footfall to surge in April as non-essential stores, hospitality reopen
Footfall across all UK retail destinations is set to surge once non-essential stores and outdoor hospitality reopens in April, according to retail analysts Springboard.
German economy fares better than expected in fourth quarter
The German economy fared better than expected in the final months of 2020, official data showed on Wednesday, although growth was sharply lower on the previous quarter.
Chancellor Rishi Sunak to extend stamp duty holiday until end of June
Chancellor Rishi Sunak will extend stamp duty holidays for a further three months until the end of June as part of an effort to keep Britain's property market going until the end of the current nationwide lockdown.
Property transactions hold up in January - HMRC
The number of UK homes bought and sold jumped in January, government data showed on Tuesday, although there were also signs the market may be starting to cool.
UK retail sales slide, further job losses predicted
Retail volumes fell in February, a closely-watched industry survey showed on Tuesday, although online sales surged to fresh highs.
Eurozone inflation rebounds sharply in January
Eurozone inflation rebounded in January, according to official data released on Tuesday, ending months of falling prices.
UK unemployment rate ticks up to 5.1%
The UK unemployment rate hit its highest level in five years in December, according to figures released on Tuesday by the Office for National Statistics.
CMA readies antitrust probes into Big Tech
The chief executive of the UK competition watchdog, the Competition and Market Authority, told the Financial Times on Monday that the regulator is ready to launch a series of antitrust probes into the practices of Big Tech.
UK footfall rises again despite lockdown - Springboard
Footfall across the UK rose last week despite the lockdown and pent-up demand should underpin footfall at non-essential stores once they reopen, according to data released on Monday by retail analysts Springboard.
Britishvolt joins Make UK to improve sustainability in the country's energy sector
Britishvolt, the company behind the project to build the UK’s first lithium-ion battery gigaplant, has joined Make UK, the manufacturers’ organisation.
German business sentiment improves in February
German business sentiment improved in February despite the Covid-19 lockdown, according to a survey released on Monday by the Ifo Institute.
BoE's Vlieghe makes case for negative rates if more stimulus is needed
A top Bank of England official will make the case for moving to negative interest rates if necessary.
UK factory output decline accelerates, CBI says
UK manufacturing output fell at a faster rate in February but production is suffering less than in earlier lockdowns, a CBI survey indicated.
UK business activity stabilises in February
Business activity in the UK stabilised in February following a collapse at the start of the year, according to a flash reading released on Friday.