News And Announcements
CMA starts probe into Teletext over package holiday refunds
Britain's competition regulator has started a probe into Teletext Holidays after receiving hundreds of complaints from customers who had not received refunds for trips cancelled due to the coronavirus pandemic.
Eurozone retail sales vary wildly amid lockdowns
Eurozone retail sales rose in December but fell short of expectations as trading varied greatly between countries depending on the level of Covid-19 restrictions.
UK construction sector unexpectedly contracts in January
UK construction sector activity unexpectedly contracted in January as the third national lockdown took its toll, according to a survey released on Thursday.
UK new car registrations record worst start to the year in over half a century
Britain's new car market fell 39. 5% in January as 59,030 fewer registrations were made compared to the same month a year ago.
Hiring by US private employers increases in January
US private employers hired more workers in January than in the previous month despite new Covid-19 infections continuing to soar across the country.
Air cargo suffers worst year since records began
Demand for air cargo fell suffered its sharpest fall in 2020 since records began as capacity plunged by more than a fifth in the Covid-19 crisis.
Eurozone inflation surges in January, beating forecasts
Eurozone inflation rebounded sharply in January, official data showed on Wednesday, beating expectations.
UK admits Brexit port delays more than 'teething problems'
UK government minister Michael Gove admitted that Brexit border delays were more than “teething problems” as he asked the EU for an extension to 2023 of grace periods for full checks on goods traded between Britain and Northern Ireland.
United Utilities to sell stake in Tallinn Water
United Utilities said on Wednesday that it has agreed to sell its stake in Estonia’s Tallinn Water for €100. 26m in cash.
Pace of growth slows in China's services sector
Growth in China’s services sector slowed notably in January, data published on Wednesday showed.
Eurozone heads back to recession after January drop - PMI
The eurozone's economy is on course for a return to recession after output shrank at a faster pace in January because of tougher Covid-19 restrictions.
UK services activity falls at fastest pace in 8 months
The UK’s services sector suffered the sharpest decline in business activity in January in eight months, but the rollout of Covid-19 vaccines helped to lift optimism to its highest since May 2014, according to a survey released on Wednesday.
Lockdown measures cause Eurozone GDP to falter
Activity in the Eurozone economy eased in the last three months of 2020, official data showed on Tuesday, after countries introduced fresh lockdown measures.
UK gambling firms told to slow down slot machines in new crackdown
UK gambling firms have been told to slow down spin speeds on online games as part of a package of strict safety measures by the Gambling Commission.
US tariffs on Scotch whisky cost £500m in lost exports, says industry
Sales of Scotch whisky to the US have fallen over a third in what amounts to £500m lost in exports since tariffs were imposed by Washington, the industry's representative body said on Tuesday.
NIreland suspends Brexit checks over threats to port staff
Brexit checks on animal and food products coming into Belfast and Larne ports have been suspended over fears for the safety of staff working there, according to Northern Ireland’s agriculture ministry.
City watchdog calls for regulation of buy now, pay later lenders
Buy now pay later lenders are to come under increased regulatory scrutiny following a review of the sector, it was confirmed on Tuesday.
Grocery sales boom as lockdown measures shutter pubs and restaurants
Grocery spending spiked in the last three months, boosted by Christmas and the re-introduction of lockdown measures, industry data showed on Tuesday.
House prices ease as end of stamp duty holiday nears
UK house price growth has started to slow ahead of the stamp duty holiday coming to an end, industry research showed on Tuesday.
Digital 9 Infrastructure will raise funds to invest in key internet infrastructure
Investment trust Digital 9 Infrastructure will pursue a listing on the Specialist Fund Segment of the London Stock Exchange's main market.