News And Announcements
BoE warns of crackdown on cloud service providers to financial sector
UK regulators need to act to avoid banks' reliance on a handful of outside cloud computing providers (CSPs) becoming a threat to financial stability, the Bank of England said on Tuesday.
Eurozone economy expands more than expected in Q2
The eurozone economy grew more than expected in the second quarter as Covid restrictions were eased, according to preliminary data released on Friday by Eurostat.
Empty UK shops increase as pandemic hits sector
The proportion of UK shops sitting empty rose in the second quarter after retailers were buffeted by lockdowns and falling sales during the pandemic, trade figures showed.
UK commercial vehicle output rises but faces constraints
UK commercial vehicle production rose for the fourth month running in June but output was constrained by a shortage of components and workers caused by the pandemic.
UK mortgage borrowing hits record as stamp duty cut fuels activity
UK mortgage borrowing hit a record £17. 9bn in June as homebuyers raced to complete purchases before the stamp duty holiday started to taper off, Bank of England figures showed.
Quarantine for vaccinated travellers from EU, US could be relaxed
Fully-vaccinated travellers from so-called ‘amber’ countries in the European Union, as well as the United States, could soon join jabbed British travellers in avoiding quarantine when they arrive in the United Kingdom.
Marston's trading ahead of expectations as weather, Euros lend a hand
Pub and hotel group Marston’s hailed better-than-expected trading since May on Wednesday, with warmer weather and the Euros lending a hand, as it called on the government to make coronavirus tax relief permanent.
House price growth eases as stamp duty holiday ends
House price growth eased slightly in July as the stamp duty holiday came to an end, according to a survey released on Wednesday by Nationwide.
UK shop prices fall but retailers' costs rise - BRC
Shop prices fell more sharply in July as food and fashion retailers battled for household spending but cost pressures are mounting for the UK's retailers, a survey showed.
Peel Hunt downgrades Moonpig after results
Peel Hunt downgraded its stance on shares of Moonpig to ‘hold’ from ‘buy’ on Tuesday after the company’s prelims, and put the 500p price target under review.
Savills lifts 2021 house price growth forecast
Savills lifted its 2021 house price forecast on Tuesday, citing the extension of the stamp duty holiday.
UK retail stocks slump to record low - CBI
UK retail sales rose strongly in July but stocks fell to a record low and are set to dip further amid supply problems, a CBI survey showed.
Water companies to share cost of bad debt with business customers
The water regulator will permit water suppliers to raise prices for businesses and other non-household customers from next year, in a bid to offset the costs of higher amounts of bad debt amid the Covid-19 pandemic.
BoE's Vlieghe pushes back on calls for slowing monetary stimulus
A top Bank of England official pushed back on calls for the monetary authority to dial back on stimulus, arguing that inflationary pressures in the UK were transitory, while the pandemic remained a threat.
Retail footfall surge on 'Freedom Day' simmers down during heatwave
So-called ‘Freedom Day’ in England saw a rise in retail footfall across the UK last week, fresh data revealed on Monday, with the hot weather seeing some destinations enjoying a larger share of that increase.
German business sentiment deteriorates in July - Ifo
German business sentiment unexpectedly deteriorated in July amid supply issues and a rise in Covid cases, according to a survey released on Monday by the Ifo Institute.
UK business activity growth slows in July
Business activity growth in the UK slowed in July, with private sector growth hitting a four-month low as shortages of staff and materials held back the recovery, according to a flash survey released on Friday.
Consumer confidence returns to pre-pandemic levels - GfK
UK consumer confidence edged above pre-pandemic levels in July for the first time, research showed on Friday.
BoE's Broadbent says higher inflation looks temporary
Rising inflation is likely to be temporary, a Bank of England rate setter said in remarks that reined in expectations of imminent policy tightening.
UK factory output growth equals record but shortages loom - CBI
UK factory output rose at a joint-record pace in the past three months but worries about shortages of materials and labour were at their highest since the 1970s, a CBI survey showed.