News And Announcements
Heavy rainfall sees retail footfall plummet
Retail footfall plunged last month, industry data showed on Friday, as the unusually wet weather kept shoppers at home.
OECD's Lombardelli named BoE deputy governor
The Bank of England has appointed OECD chief economist Clare Lombardelli a deputy governor, it was announced on Thursday.
Mortgage approvals continue to rise - BoE
Mortgage approvals pushed higher in January, official data showed on Thursday, hitting the highest level since the government's disastrous mini budget in 2022.
Profits continue to fall across UK service sector - CBI
The UK service sector continued to falter in February, an industry survey showed on Wednesday, as weak demand weighed heavily.
EasyJet to re-join FTSE 100 in latest reshuffle; Endeavour up for demotion
EasyJet is expected to make its way back into the FTSE 100 in the latest reshuffle due to be announced after the market close on Wednesday.
FCA looks to expedite cases and improve transparency
The Financial Conduct Authority (FCA) announced plans to expedite and improve the transparency of its enforcement cases on Tuesday, in a bid to increase the deterrent effect of its actions.
UK shop price inflation slows to 23-month low in February
Shop price inflation in the UK fell to its lowest level in 23 months in February, according to the British Retail Consortium-NielsenIQ Shop Price Index released on Tuesday.
Business sentiment in Germany strengthens slightly
Investor sentiment brightened modestly in Germany this month, a closely-watched survey showed on Friday, despite the economy continuing to falter.
Energy bills to fall as Ofgem trims price cap
The cap on gas and electricity charges will fall from April, the energy regulator confirmed on Friday, cutting most household bills.
German economy shrinks by 0.3% in Q4, as expected
The German economy contracted by 0. 3% on the quarter in the fourth quarter, according to data released on Friday by Destatis, in line with the initial estimate and consensus.
UK consumer confidence eases in February - GfK
Consumer confidence faltered in February, a closely-watched survey showed on Friday, as concerns about the economy continued to weigh heavily.
UK private-sector activity hits nine-month high
Private-sector activity in the UK picked up to a nine-month high in February as solid service-sector growth made up for continued weakness in manufacturing.
Eurozone inflation edges lower in January
Eurozone inflation edged lower last month, official data showed on Thursday, as widely expected.
Eurozone activity downturn easing as services recover - PMI
The downturn in the eurozone services sector showed signs of easing, although manufacturing was still in the doldrums, according to a widely-watched survey published on Thursday.
Germany slashes growth forecasts for 2024
Germany sharply lowered its economic forecasts on Wednesday, in response to faltering global demand and growing geopolitical uncertainty.
UK manufacturing conditions still 'challenging' - CBI
The UK manufacturing sector continued to falter this month, industry research showed on Wednesday, although order books showed signs of improvement.
UK borrowing surplus hits record high
The UK notched up a record monthly borrowing surplus in January, official data showed on Wednesday, despite it narrowly missing forecasts.
CMA launches market study into supply of infant formula
Watchdog the Competition and Markets Authority has launched a market study into the supply of infant formula in the UK, after first looking into the market back in November 2023.
PBoC trims five-year loan prime rate more than expected
Rate-setters in China took decisive steps to bolster its property market on Tuesday, by implementing the first cut in its benchmark five-year loan prime rate since June.
Restructure could see Esken lose control of Southend Airport
The company formerly known as Stobart Group could give up control of London’s least-busy commercial airport, it emerged on Monday, as part of a possible restructuring with creditors.