News And Announcements
CMA launches probe into Motorola's role in emergency radio systems
The competition regulator has opened an investigation into Motorola Solutions, it announced on Monday, amid concerns that the company is both the owner of the existing ‘Airwave’ radio network used by UK emergency services, and is a key supplier in the planned new ‘Emergency Services Network’ (ESN).
German business sentiment slumps in October - Ifo
German business sentiment slumped in October amid supply issues, according to a survey released on Monday by the Ifo Institute.
Small business confidence drops amid inflation and tax hikes
The Federation of Small Businesses warned the Chancellor that concerns about inflation and high taxes had already led some companies to cut back on their hiring and investment plans.
UK economic growth boosted by services sector
UK economic growth gathered pace in October, underpinned by the services sector, as supply shortages hit manufacturing and cost inflation reached a new record high, according to a survey released on Friday.
Bank of England's Huw Pill warns inflation could hit 'very uncomfortable' 5%
Inflation in the UK could hit a "very uncomfortable" 5%, according to Huw Pill, the Bank of England's new chief economist.
Retail sales unexpectedly drop in September
UK retail sales unexpectedly fell in September for the fifth month in a row, according to data released on Friday by the Office for National Statistics.
UK consumer confidence hit by economic turmoil - GfK
Consumer sentiment has dropped sharply amid economic turmoil including fuel shortages and rising prices, a survey showed.
FRC investigating BDO's audit of collapsed construction group NMCN
The Financial Reporting Council announced on Thursday that it has begun an investigation relating to BDO's audit of construction company NMCN.
Philly Fed index drops more than expected in October
Manufacturing conditions in the Philadelphia region deteriorated a little more than expected in October, according to a survey released on Thursday.
FCA calls for new legislation to prevent online scams
The Financial Conduct Authority called for legislative changes on Thursday to protect consumers from online scams.
ECB presses banks to relocate operations from UK - report
The European Central Bank is pushing lenders to add hundreds of extra employees and billions of additional capital to their operations in continental Europe after Brexit failed to spark a big shift, the Financial Times reported.
Hermes sales rise in Q3 amid upturn in Europe
Luxury French brand Hermes reported a jump in third-quarter sales on Thursday thanks in part to a recovery in sales in Europe.
UK manufacturing faces rising supply pressures - CBI
UK manufacturing output grew steadily in October but supply pressures continued to rise, a Confederation of British Industry survey showed.
UK public borrowing halves in first six months of fiscal year
UK public borrowing fell by almost half in the first six months of the financial year as it continued to recover from the impact of the Covid-19 pandemic, according to official data released on Thursday.
Eurozone inflation rises as expected in September
Eurozone inflation rose as expected in September, according to data released on Wednesday by Eurostat.
Bundesbank chief Jens Weidmann to step down
Germany’s Central Bank said on Wednesday that President Jens Weidmann will step down at the end of December.
Houses prices spike ahead of stamp duty holiday ending
UK house prices jumped in August, official data showed on Wednesday, as buyers rushed to secure homes before the stamp duty holiday came to an end.
Inflation dips in September but remains well above BoE target
UK consumer price inflation unexpectedly dipped in September despite the rising cost of fuel and transport, according to figures released on Wednesday by the Office for National Statistics.
Government to link mortgages to green home improvements - report
The government wants to link mortgages to compulsory green improvements to homes, it was reported on Tuesday.
Eurozone construction output falls in August
Eurozone construction output softened in August, official data showed on Tuesday, bringing five months of growth to an end.