News And Announcements
US consumer confidence declined slightly in May amid worries about inflation, according to a survey released on Tuesday.
The Competition and Markets Authority said on Tuesday that it will appoint former Boston Consulting Group partner appoint Marcus Bokkerink as its next chair.
Eurozone inflation hit a record 8. 1% in May as energy prices surged, according to a flash estimate released on Tuesday by Destatis, adding pressure on the European Central Bank to hike rates.
Fewer mortgages were approved in the UK in April, although net consumer credit increased, as the cost-of-living crisis began to hit household budgets and spending.
Economic activity slowed further in China in May, according to fresh official data released on Tuesday, with measures for both the manufacturing and non-manufacturing sectors remaining in contraction territory.
The Competition and Markets Authority announced on Monday that it is investigating the completed acquisition by Morrisons of the assets of the collapsed convenience retailer McColl’s.
Retail footfall in the UK is expected to jump 8% across all destinations over the Platinum Jubilee bank holiday, according to retail consultancy Springboard.
Average UK house prices had topped £250,000 for the time in history after rising 8. 4% year-on-year in April, a slight cooling off from March's 9% clip.
Eurozone economic sentiment was little changed in May, according to a survey released on Monday by the European Commission.
China’s industrial profits fell sharply in April as Covid lockdowns took their toll, according to data released on Friday by the National Bureau of Statistics.
The Chancellor of the Exchequer has announced a £15bn package of measures intended to help households with the soaring cost of living, including a windfall tax on energy companies.
The Competition and Markets Authority is investigating whether Alphabet division Google has broken the law by restricting competition in the digital advertising technology market, it announced on Thursday.
The Chancellor Rishi Sunak is poised to unveil a £10bn package of emergency support to help households struggling with soaring energy bills, it was reported on Thursday.
The German economy strengthened marginally in the first quarter, official data showed on Wednesday.
Retailers expect sales to soften in June, a survey showed on Tuesday, as high inflation and the weakening economic outlook weigh on consumers.
Energy bills are on course to rise by more than £800 in October, the head of Ofgem has warned politicians.
Grocery inflation hit its highest level in 13 years in May, industry research showed on Tuesday, as the cost of living crisis continued to mount.
Business activity in the UK slowed sharply in May as inflationary pressures and geopolitical uncertainty weighed on customer demand, according to a survey released on Tuesday.
Shares in electricity generators tumbled on Tuesday after it emerged that chancellor Rishi Sunak was considering imposing a windfall tax on excess profits.
UK government borrowing fell more than expected in April but remained above pre-Covid levels, according to figures released on Tuesday by the Office for National Statistics.