News And Announcements
UK employers put brakes on hiring - survey
Recruitment eased in the UK last month, a survey showed on Friday, with the number of workers hired through agencies falling at the steepest rate for more than three years.
Competition regulator mostly backs lower airline price caps at Heathrow
The UK competition regulator has said that the Civil Aviation Authority (CAA) made some errors in determining the lower price cap that Heathrow should charge airlines, but said that most of its calculations had been correct.
Eurozone recession fears rise as Q2 GDP revised down to 0.1%
The Eurozone economy barely grew in the second quarter, while job creation eased, in fresh signs that the single-currency bloc will slip into recession later this year.
UK house prices fall 4.6% in August amid rising mortgage costs - Halifax
Annual UK house prices suffered their worst fall in August since 2009 amid rising mortgage costs, according to data released by Halifax on Thursday.
German industrial production falls again in July as struggles continue
German industrial production fell again in July as manufacturing in Europe's largest economy continued its struggles to recover from high inflation and costs.
ABI warns UK govt to use 'extreme caution' on pension changes
Any changes to pension arrangements under government plans to stimulate the economy with workers' cash should be done with “extreme caution”, the Association of British Insurers (ABI) warned on Wednesday.
Eurozone retail sales slip in July
Retail sales across the Eurozone fell by more than expected in July, official data showed on Wednesday.
Eurozone construction activity contracts again in August
Eurozone construction activity contracted again in August, according to a survey released on Wednesday.
UK construction growth slows as housebuilding drops
UK construction activity rose only marginally in August, as growth slowed from the previous month, with housebuilding struggling and new orders dropping at their fastest rate in over three years.
German factory orders tumble in July
German factory orders tumbled in July, according to figures released on Wednesday by Destatis.
Ofcom to review Royal Mail's universal service obligations
UK communications regulator Ofcom announced plans to review the nation's universal postal service on Tuesday, as a result of the changing needs and habits of postal users.
New car registrations enter second year of post-Covid expansion
The UK's new car market saw robust growth of 24. 4% in August, as 85,657 new vehicles were registered, according to fresh data from the Society of Motor Manufacturers and Traders (SMMT).
UK services sector shrinks in August
Business activity in the UK services sector fell in August for the first time since January amid higher interest rates, according to a survey released on Tuesday.
Australia holds interest rates steady for third month in a row
Australia's central bank held rates steady for the third consecutive month as signs that inflationary pressures were easing continued.
UK retail sales growth jumps in August, BRC says
UK retail sales growth jumped in August, as an improvement in consumer confidence drove spend of health and beauty products, and food and drink.
Eurozone investor sentiment slides back in September
A rise in eurozone investor sentiment in August was being painted as merely a blip on Monday, after the Sentix index slid further than expected in September.
Payrolls rise more than expected, unemployment rate jumps
The US economy added more jobs than forecast in August but an unexpected jump in the unemployment rate, cooling wages and revisions to the previous months' data raised expectations the Federal Reserve will pause on rates this month.
UK manufacturing downturn deepens as PMI hits 39-month low
The contraction in UK manufacturing activity reached its worst level in more than three years in August with demand hit by weaker domestic and export conditions.
Eurozone manufacturing continues sustained decline in August
The eurozone manufacturing sector continued its sustained contraction in August, according to the latest HCOB/S&P Global eurozone manufacturing purchasing managers’ index survey released on Friday.
UK house prices suffer worst annual decline since 2009 - Nationwide
UK house prices suffered their sharpest year-on-year decline in 14 years in August, amid rising borrowing costs, according to data released on Friday by Nationwide.