News And Announcements
House price growth slows more quickly than expected in April, Nationwide says
House price growth in the UK slowed more than expected in April amid the ongoing squeeze on household incomes and rising interest rates, the results of a closely-followed survey revealed.
Number of empty shops falls as UK economy reopens
The number of shops standing empty fell in the first quarter, industry research showed on Friday, as the UK economy reopened following the worst of the pandemic.
US GDP contracts unexpectedly in Q1 for first time since mid-2020
The US economy contracted unexpectedly in the first quarter as strong consumer and business spending was offset by a ballooning trade deficit, slower inventory build and a fall in public expenditure.
UK car production tumbles
UK car production tumbled in the first quarter, industry data showed on Thursday, as global supply chain issues weighed heavily.
British Airways cancellations set to last through June
British Airways passengers are set to face more cancellations, it was reported on Wednesday, with disruption expected to last for at least the next two months.
Cost of living squeeze hits retail sales
UK retail sales struggled in April, industry research showed on Wednesday, as the cost of living crisis saw consumers rein in spending.
Russia halts gas supplies to Poland and Bulgaria
Russia has cut off gas supplies to Poland and Bulgaria, causing European energy prices to spark.
Grocery inflation hits fresh high
Grocery price inflation continued to mount in April, research showed on Tuesday, to hit levels not seen in over a decade.
UK borrows less than expected in March
The UK government borrowed less than expected in March and the estimate of borrowing for the rest of the past financial year was revised down, official figures showed.
Visits to shops fall after strong pre-Easter build-up
Visits to shops fell last week, fresh industry data showed on Monday, after building up strongly ahead of the Easter holiday.
Confidence plunges across UK manufacturing sector - CBI
Business optimism in the manufacturing sector has tumbled, research published Monday showed, after growth slowed and costs surged.
Britons borrowing more as cost of living mounts - ONS
Nearly 90% of British adults reported an increase in the cost of living last month, data from the Office for National Statistics showed on Monday.
German business confidence unexpectedly jumps
German business sentiment unexpectedly strengthened in April, a closely-watched survey showed on Monday, despite the ongoing war in Ukraine.
Average house prices hit new record - Rightmove
Average UK house asking prices hit a new record in the first three months of 2022, according to website Rightmove.
Eurozone 'two-speed' economy sees services thrive, factories struggle
Eurozone businesses reported mixed pictures as the services sector reported an unexpected surge in growth, while manufacturing was hit by continuing supply chain constraints, according to a survey published on Friday.
UK economic activity slows markedly in April amid rising inflation
Economic activity in the UK slowed markedly in April amid worsening inflation, not least record rises in firms' costs, and a gloomier outlook, the results of a batch of closely-followed surveys showed.
UK retail sales slump in March as inflation spirals
UK retail sales fell by more than expected in March as surging inflation hit demand for food and petrol, according to official data released on Friday.
Surging prices see consumer confidence near historic lows
Rising costs and an uncertain geopolitical world has taken a further toll on consumer confidence in the UK, with fresh data released on Friday putting sentiment at record lows.
Lewis Hamilton, Serena Williams back Broughton bid for Chelsea
Motorsport giant Sir Lewis Hamilton and tennis superstar Serena Williams have both pledged millions of pounds to a possible bid for Chelsea Football Club.
Eurozone industrial production rebounds
Eurozone industrial production rebounded in February, official data showed on Wednesday, fuelled by an increase in consumer goods.