News And Announcements
UK house prices fall 1.8% YoY in December on higher mortgage rates
UK house prices fell by a higher-than-expected 1. 8% year on year in December, mortgage lender Nationwide said on Friday, as higher borrowing costs and deposit requirements deterred buyers.
UK spring Budget set for March 6, fuelling election speculation
Britain's spring budget statement will be delivered on March 6, the Treasury announced on Wednesday, amid suggestions the government may axe inheritance tax in an attempt to narrow a large opinion poll deficit ahead of a General Election which must be called by January 2025.
Boxing Day retail footfall rises, still below pre-Covid levels
Boxing Day foot traffic saw a slight uptick this year, with a 1. 4% increase in the number of shoppers compared to the previous year, according to preliminary data from MRI Software.
Industrial profits improve in China in November
China's industrial profits experienced a substantial boost in November, with a double-digit increase of 29. 5%, following a much more modest 2. 7% rise in October.
US consumer sentiment improves in December
US consumer sentiment improved more than initially estimated in December, according to a survey released on Friday.
US new home sales unexpectedly slump in November
US new home sales unexpectedly slumped in November, according to figures released on Friday by the Commerce Department.
UK retail sales rise by 1.3% in Nov as Black Friday deals boost volumes
UK retail sales volumes rose by 1. 3% in November compared with the prior month, boosted by heavily discounted Black Friday deals, according to official data published on Friday.
Rail fares to rise by 4.9pc in March
Rail fare increases are set to rise by 4. 9% from early next year, after the Department for Transport announced another cap on ticket price rises.
UK third-quarter GDP revised down to show 0.1% contraction
The UK economy shrank in the third quarter, according to figures released on Friday by the Office for National Statistics, raising the risk of recession.
New home sales jump 17% as buyer demand improves, says Zoopla
The decline in house prices has started to flow as buyers and sellers become more aligned on pricing, according to online property platform Zoopla on Friday, which revealed that the number of new house sales were up 17% year-on-year in November.
Private sector activity weakens again in December, CBI data shows
Activity in the UK's private sector declined again in the three months to December, marking the 18th month in a row without growth, according to the Confederation of British Industry's Growth Indicator released on Friday.
US third-quarter GDP revised down to 4.9%
The US economy grew less than previously estimated in the third quarter, according to figures released on Thursday by the Commerce Department.
Downturn in UK retail sector deepens in December - CBI
The downturn in the UK retail sector deepened in December following a disappointing festive period, according to a survey released on Thursday.
UK government borrows more than expected in November
The UK government borrowed more than expected last month, according to figures released by the Office for National Statistics on Thursday.
FCA proposes changes to listing regime, bond markets
The Financial Conduct Authority (FCA) unveiled comprehensive proposals aimed at enhancing the accessibility, efficiency, and competitiveness of the UK's listing regime on Wednesday and improving the bond and derivatives markets.
UK house prices see steepest annual decline since 2011
The annual rate of decline in UK houses prices dropped in October to its steepest level in 12 years, according to figures out on Wednesday by the Office for National Statistics.
UK inflation eases more than expected in November
UK inflation eased more than expected in November, according to figures released on Wednesday by the Office for National Statistics, boosting rate cut hopes for next year.
FCA to take no action after Odey probe - reports
The Financial Conduct Authority (FCA) has wrapped up its investigation into Odey Asset Management (OAM), reportedly deciding not to pursue any further action, it emerged on Tuesday.
CMA and Bank of England ink new partnership to drive collaboration
The Competition and Markets Authority (CMA) and the Bank of England announced a new agreement on Tuesday that will see the two entities collaborate and share information to assist in their independent objectives.
UK manufacturing output stabilises in December - CBI
Output in the UK manufacturing sector stabilised in December, but orders remained subdued, according to a survey released on Tuesday.