News And Announcements
UK retail footfall dips - Springboard
Retail footfall across the UK dipped last week, according to data released on Monday by retail analyst Springboard.
CMA launches court action against Teletext Holidays
The Competition and Markets Authority has launched court action against Teletext Holidays over inadequate progress on refunds to package holiday customers who were affected by the pandemic.
UK house prices jump by £6,000 - Rightmove
House prices have jumped in the UK, industry research showed on Monday, as buyers rush to move ahead of a likely rise in the cost of borrowing.
Investors already braced for earnings season disappointment, says JPMorgan
JPMorgan said on Monday that most investors are already braced for disappointments when it comes to earnings season.
China growth slows in Q3 amid supply chain issues, power shortages
China’s economic growth slowed sharply in the third quarter amid power shortages and supply chain issues, according to figures released on Monday by the National Bureau of Statistics.
Fire breaks out at Kuwait refinery; Supply not hit - KNPC
A fire has broken out on at the Mina al-Ahmadi oil refinery in Kuwait but operations and exports have not been affected, the Kuwait National Petroleum Company (KNPC) said on Monday.
FCA chair Charles Randell to step down a year early
Charles Randell will step down as chair of the Financial Conduct Authority (FCA) and Payment Systems Regulator (PSR) next spring.
MPC member Tenreyro pushes back on early rate rise
One of the Bank of England’s policy setters has warned against raising interest rates in response to short-lived inflationary pressures, arguing it could be “self-defeating”.
House price growth softens, but supply issues remain - RICS
House price continued to grow in September, a closely-watched industry survey showed on Thursday, but at a slower rate than previously seen.
German institutes cut 2021 growth forecasts
A group of leading economic think tanks have cut their forecasts for German growth this year, as supply chain disruptions weigh heavily on the manufacturing sector.
Factory gate inflation hits record high in China
Factory gate inflation soared in China last month, official data showed on Thursday, fuelled by record commodity prices.
US inflation pushes higher as food and energy costs rise
Headline inflation in the US rose at a faster-than-expected pace last month, official data showed on Wednesday, pushed higher by climbing food and energy prices.
Supply shortages hit Eurozone industrial production
Eurozone industrial production fell in August, official data showed on Wednesday, as supply constraints weighed heavily.
UK economy grows a little less than expected in August
The UK economy grew a touch less than expected in August despite the easing of Covid measures, according to figures released on Wednesday by the Office for National Statistics.
IMF cuts global growth forecast
The International Monetary Fund downgraded its forecasts for global growth on Tuesday as it cautioned that supply chain issues were denting growth.
UK govt departments face £2bn in spending cuts despite tax rises - IFS
UK government departments face deep budget cuts of more than £2bn even as Finance Minister Rishi-Sunak increases taxes to their highest peacetime level, a leading financial thinktank said on Tuesday.
UK grocery sales fall as fuel crisis keeps shoppers at home
UK grocery sales were curtailed by the fuel crisis last month, industry data showed, while inflationary pressures continued to mount.
German investor sentiment slumps amid raw materials shortage
German investor sentiment deteriorated more than expected in October amid shortages of raw materials, according to a survey released on Tuesday by the ZEW Center for European Economic Research in Mannheim.
Maersk diverts large vessels from Felixstowe due to port being crowded
Container shipping company Maersk has been forced to divert its large vessels away from the UK as a result of the country's main port being packed full of containers.
UK job vacancies hit record high
UK job vacancies hit a 20-year high between July and September, while the unemployment rate fell in the three months to August as the jobs market continues to recover.