News And Announcements
Bitcoin mine found in UK during police raid
A massive bitcoin mine was found in the UK this week following a police raid on a suspected cannabis farm.
US consumer sentiment deteriorates amid inflation worries
US consumer sentiment deteriorated in May amid concerns about inflation, according to a final reading from the University of Michigan.
Chicago PMI hits best level since 1973
Economic activity in the Chicago area unexpectedly improved in May, according to data released on Friday.
Eurozone economic sentiment hits three-year high
Eurozone economic sentiment hit a three-year high in May, according to figures released on Friday.
Scammers steal £700,000 a day from Britons in fraudulent bank transfer
Over £700,000 is being lost to bank transfer scams every day in the UK, revealed the latest research by Which?.
Sterling pops higher after comments from BoE's Vlieghe
Sterling popped higher after Bank of England policymaker Gertjan Vlieghe said the Bank is most likely to start raising interest rates "well into" next year.
UK restaurant bookings soar after Covid restrictions eased
UK restaurants have seen a massive surge in bookings as lockdown curbs were eased by the government this month.
UK blimp maker to launch commercial airship travel to cut CO2 flying emissions by 90%
Hybrid Air Vehicles announced on Wednesday it was planning to launch a string of routes and start commercial airship travel by 2025.
Nissan to build UK battery factory - report
Japanese car group Nissan is in talks to build a dedicated battery gigafactory in the UK, according to reports.
Gold prices hit four-month highs on inflation fears
Gold prices have hit their highest level since January as concerns about inflation continue to grow.
Bitcoin 'time to buy' ads banned in UK for being misleading
A bitcoin ad campaign urging the UK public to buy the crypto was banned by the Advertising Standards Authority which branded it as irresponsible and misleading.
End of Brexit transition period hits total UK trade
The UK's trade in goods with the European Union fell sharply over the last three years, especially at the end of 2020 as the Brexit transition period ended on 1 January.
High Court rejects Amigo rescue plan, shares tank
Shares of Amigo Holdings tanked on Tuesday after the High Court rejected a rescue plan by the guarantor lender that would have seen compensation payments capped.
UK retail sales 'broadly average' in May - CBI
UK retail sales returned to more normal levels in May following a big jump in April after non-essential retailers were allowed to reopen, according to a survey released on Tuesday by the Confederation of British Industry.
British banks finance projects that emit 805m tonnes of CO2 annually
Britain’s bank financed projects that emitted 805m tonnes of CO2 in 2019 an amount equal to 1. 8 times the UK’s own annual net emissions over the same period.
German economy stumbles as Covid restrictions bite
The German economy shrank by more than expected in the first quarter, official data showed on Tuesday, as a slump in consumer spending weighed heavily.
German business sentiment hits two-year high - Ifo
German business sentiment hit a two-year high in May, according to a survey released on Tuesday by the Ifo Institute.
Public sector borrowing drops for first time since pandemic
Government borrowing fell in April but remained at its second highest level on record for the month, according to figures released on Tuesday by the Office for National Statistics.
Spain welcomes UK tourists despite being marked as 'amber' country
Spain is rolling out the welcome mat for UK tourists after officials in Madrid lifted restrictions on travel in a bid to boost the country's economy despite being on Downing Street’s amber list.
Liberty Steel to sell Stocksbridge plant in company-wide overhaul
Liberty Steel Group is to offload a number of its UK plants, including its aerospace and specialist alloys steel business, as it looks to restructure following the collapse of backer Greensill Capital.