News And Announcements
EU agrees windfall tax for energy firms
The European Union agreed on Friday to impose a windfall tax on certain energy companies as it looks to tackle the energy crisis.
UK mortgage approvals surprise upwards
Mortgage approvals spiked in August, official data showed on Friday, as homebuyers scrambled to secure loans amid rising interest rates.
UK economy grew in the second quarter - ONS
The British economy nudged higher in the last quarter, official data showed on Friday, reversing an earlier estimate for a small decline.
China manufacturing sector nudges higher - NBS
China's manufacturing sector expanded in September, official data showed on Friday, putting it at odds with another closely-watched survey which showed a contraction.
UK house prices steady in September - Nationwide
UK house prices were steady on the month in September, according to data released by mortgage lender Nationwide on Friday.
LME considering ban on Russian metal - report
The London Metal Exchange is reportedly launching a discussion paper that marks the first step toward a potential ban on new supplies of Russian metal.
Insurers must support customers during cost of living crisis - FCA
Insurers must support households struggling with the cost of living crisis, the financial regulator has warned.
Government 'undercutting' UK economic institutions - Carney
The former governor of the Bank of England has accused the government of "undercutting" some of the UK’s economic key institutions following its controversial mini-budget.
Higher borrowing costs poised to curb UK property market - Zoopla
Home buyers could see their buying power slashed by more than a quarter, industry research found on Thursday, as the cost of borrowing continues to mount.
US pending home sales rise more than expected in August
US pending home sales fell in August, for the third month in a row, according to figures released on Wednesday by the National Association of Realtors.
Bank of England intervenes in bond markets after selloff
The Bank of England has been forced to intervene in bond markets following the recent selloff.
Kwarteng to reassure bankers over his massive tax cuts
The chancellor is to hold a meeting with bankers, it was reported on Wednesday morning, amid the ongoing fallout from his ‘mini-budget’ and its swingeing tax cuts last Friday.
Food inflation surges to fresh high - BRC
Food inflation has surged past 10%, industry research showed on Wednesday, to reach a record high.
IMF urges UK government to 're-evaluate' controversial mini budget
Pressure continued to mount on the UK on Wednesday, after the International Monetary Fund urged the government to reconsider its planned tax cuts on fears they will stoke inflation.
German consumer sentiment to slide further in October - GfK
German consumer sentiment is set to slide further in October amid a drop in purchasing power, according to a survey released on Wednesday by market research group GfK.
BoE preparing 'significant' policy response, says Huw Pill
The Bank of England’s chief economist said on Tuesday that the Bank is likely to deliver a "significant policy response" to the swathe of tax cuts announced in chancellor Kwasi Kwarteng’s mini-Budget last week.
US house price growth eases in July
US house price growth eased in July, according to the latest S&P CoreLogic/Case-Shiller national home price index.
Leaks discovered on Nord Stream pipelines
Sweden and Denmark have warned ships to avoid an area of the Baltic Sea after unexplained leaks were discovered in both Nord Stream pipelines, it emerged on Tuesday.
Suppliers must do more to help struggling customers - Ofgem
Energy suppliers must do more to help customers in payment difficulties, Ofgem warned on Tuesday.
Chinese industrial profits decline in August
Chinese industrial profits fell in the year to August as Covid restrictions dented demand.