News And Announcements
UK house prices ease for first time this year - Halifax
UK house prices have dipped for the first time this year, industry data showed on Wednesday, as the stamp duty holiday started to wind down.
UK faces unfunded spending pressures from pandemic - OBR
The UK faces unfunded spending pressures as a result of the pandemic that could require higher taxes or more borrowing, the country's fiscal watchdog said on Tuesday.
German investor sentiment buoyant, despite survey fall
Investor sentiment in Germany remained strong in July, a survey showed on Tuesday, despite recording a bigger-than-expected fall.
Barclays prohibits credit or debit card payments on Binance
Barclays clients and Binance spokespeople have expressed their dissatisfaction through comments on social networks, the former, and statements to specialized media, the latter, after the British banking giant's ban of its customers' credit card payments on the crypto exchange. The bank has taken advantage of the notice of the United Kingdom Financial Conduct Authority (FCA for its acronym in English) of June 26 on Binance.
UK construction surges as economy reopens - PMI
New orders fuelled the fastest rise in UK construction activity for 24 years but the sector faces rising costs, a survey showed.
German factory orders unexpectedly slump in May
German factory orders unexpectedly slumped in May amid weakness in the auto sector, according to figures released on Tuesday by Destatis.
Investor morale stays strong across Eurozone - Sentix
Investor sentiment across the Eurozone has strengthened for a fifth consecutive month, a closely-watched survey published on Monday showed.
FCA to ban cold calling as it confirms funeral plans overhaul
The Financial Conduct Authority has confirmed how it intends to regulate the sale of funeral plans, including a ban on cold calling, when it assumes responsibility for the market next year.
China's services sector cools - Caixin
China’s services sector cooled in June, data showed on Monday, weighed down by a rise in Covid-19 cases in the south of the country.
New car registrations grow in June despite ongoing supply issues
New car registrations grew 28. 0% year-on-year in June to 186,128, according to the Society of Motor Manufacturers and Traders, even as the overall market's recovery continued to be squeezed by supply issues.
UK services sector booms as cost pressure mounts
The recovery in the UK services sector continued at pace in June, a closely-watched survey showed on Monday, but cost pressures mounted as providers battled staff shortages and higher raw material prices.
Eurozone business activity hits 15-year high in June
Business activity in the eurozone hit a 15-year high in June as coronavirus restrictions eased but cost pressures remained a concern, with inflation hitting its strongest since September 2000, according to a survey released on Monday.
Former CMA chair claims watchdog needs updated powers
Britain's Competition and Markets Authority needs an update of its powers, said former chair Andrew Tyrie, who claimed that consumers are being “ripped off” as a result.
Sunak says banks should not pay much more tax
The chancellor indicated on Thursday he would scrap or reduce the bank surcharge to ensure banks do not pay much more when corporation tax rises.
Eurozone manufacturing hits record high - PMI
Eurozone manufacturing activity hit a new high in June but prices rose at record rates as supply constraints persisted, a survey showed.
Rishi Sunak to announce £15bn green finance plan
Chancellor Rishi Sunak is set to launch a green finance plan worth £15bn and a savings plan that will help to fund green jobs.
BoE should not overreact to 'temporary' rise in inflation, says Bailey
The Bank of England should not overreact to a "temporary" rise in inflation, Governor Andrew Bailey said on Thursday.
UK manufacturing growth slows in June
UK manufacturing growth slowed in June, according to a survey released on Thursday.
Nissan announces £1bn investment in Sunderland
Nissan said it would build a battery factory at its UK plant as part of a £1bn investment that secures the Sunderland site's future beyond the UK's ban on new petrol and diesel vehicles in 2030.