News And Announcements
Fears grow for festive shopping season as UK retail sales soften
Retail sales eased in September, data showed on Tuesday, as the UK’s post-pandemic recovery continued to lose momentum.
BoE's Bailey, Saunders express concern over rising inflation
The head of the Bank of England called for further investment in infrastructure in the UK and said Bank was going to have a very "challenging job" on its hands when it came to dealing with inflation.
Wet weather puts dampener on retail footfall in September
The recovery in retail footfall stalled in September, according to fresh data on Friday, with wet weather dampening the propensity of consumers to head out and open their wallets.
House prices rise at fastest pace since February 2007 - Halifax
House prices rose in September at the fastest monthly pace since February 2007 amid a "race for space" as the stamp duty holiday drew to a close, according to a survey released on Thursday by Halifax.
Russia to boost gas supplies to Europe - report
Russia is to set to boost gas supplies to Europe amid soaring wholesale prices, it was reported on Wednesday.
Eurozone construction stabilises as demand strengthens
The Eurozone construction sector looked to have stabilised in September after two months of declines, an industry survey showed on Wednesday.
Eurozone retail sales miss forecasts
Eurozone retail sales missed expectations in August, after spending on food, drinks and tobacco fell across the bloc.
German factory orders tumble amid supply chain issues
German factory orders slid in August amid supply chain issues, according to figures released on Wednesday by Destatis.
IMF chief warns of upcoming trim to global growth forecast
The International Monetary Fund indicated that it was taking the clippers to its growth forecast for 2021 on Tuesday, with its head warning that the global economy was still being “hobbled” by the Covid-19 pandemic.
Prices surge as UK service sector sees costs spike
The UK service sector continued to expand in September, a closely-watched survey showed on Tuesday, but rising costs meant prices surged.
Chip shortage causes UK new car sales to crash
New car registrations hit a 23-year low in September, industry data showed on Tuesday, as the global semiconductor shortage weighed heavily.
Euro zone business growth feels impact of supply issues, inflation - PMI
Business growth in the euro zone during September held up, but was hit by ongoing supply-chain problems and increased inflationary pressures which show no sign of easing, a survey showed on Tuesday.
WTO ups forecasts for global trade, but warns Covid risks remain
The Word Trade Organization has hiked its forecasts for the global trade in goods, but warned that downside risks from the pandemic and vaccine inequity in particular remained.
UK troops start fuel deliveries to ease driver shortage crisis
British military truck drivers have started delivering fuel to petrol stations as the nation continued to grapple with low supplies at forecourts.
EU suspends trade talks with Australia amid subs row
The latest round of Australia-EU free trade talks have been postponed, a European official confirmed Friday, after Canberra's decision to cancel a major French submarine contract caused fury in Paris.
UK manufacturing growth eases amid supply chain issues, labour shortages
UK manufacturing growth eased to a seven-month low in September amid supply chain issues and labour shortages, according to a survey released on Friday.