Personal Finance
Philly Fed index drops to more than two-year low in December
Manufacturing conditions in the Philadelphia region unexpectedly deteriorated in December, to a more than two-year low, according to a survey released on Thursday.
BoE leaves rates on hold amid growing Brexit uncertainty
The Bank of England stood pat on interest rates on Thursday, as widely expected, amid growing Brexit uncertainty.
Retail sales slump in December - CBI
Retail sales slumped in December, according to the latest data from the Confederation of British Industry, with Brexit worries to blame.
UK retail sales rise more than expected in November
Retail sales in the UK rose more than expected in November, according to the latest figures from the Office for National Statistics.
US Fed defies Trump and raises interest rates to 2.25-2.5%
The US Federal Reserve on Wednesday defied President Donald Trump and raised interest rates by 0. 25% to a target range of 2. 25%-2. 5%, but lowered forecasts for future increases.
US existing home sales unexpectedly rise in November
Sales of US existing homes unexpectedly rose in November, according to data from the National Association of Realtors.
3M to buy technology business for M*Modal in $1bn deal
3M has agreed to buy the technology business of M*Modal for an enterprise value of $1bn.
Cashless society would leave 50% of Brits struggling
The cashless revolution may leave half of Britain (25m) struggling and facing exclusion from shops and restaurants, said Which? on Wednesday.
UK's manufacturing sector ends a tough year on a brighter note - CBI
The UK’s manufacturing sector saw output improve as 2018 came to an end, as growth in exports helped overcome softer domestic demand.
UK house-building pipeline continues to grow - NHBC
More than 15,000 new homes were registered to be built in the UK in November, data from the National House Building Council shows.
Santander fined £33m for keeping dead customers' money from relatives
Spanish bank Santander was fined £33m on Tuesday for failing to pass on £183m of deceased customers' funds to 40,000 of their relatives, the Financial Conduct Authority said.
UK inflation at lowest level since March 2017
Inflation eased to a 20-month low in November, as a planned rise in the cost of tobacco was offset by falling prices at the petrol pump.
US housing starts rise more than expected in November
US housing starts rose more than expected last month, according to data released by the Commerce Department on Tuesday.
Plastic packaging companies to pay recycling costs in UK waste scheme
A new waste scheme was launched on Tuesday by the government that will “make the polluter pay” by forcing plastic packaging firms to cover the total collecting and recycling costs.
Bank of England lays out framework for orderly collapse of UK banks
The Bank of England has published a proposed framework under which the UK’s biggest banks will need to publicly demonstrate they have plans in place to allow them to wind down without a government bailout.
FCA to ban excessive overdraft fees in 'once-in-a-generation' shake up
The Financial Conduct Authority is cracking down on the UK’s “dysfunctional” £2. 4bn overdraft market, including banning banks from charging higher fees for unauthorised borrowing.
Big four auditors avoid drastic breakup threat from CMA
The big four UK accounting groups KPMG, Deloitte, PwC and EY managed to avoid breaking up after the Competition and Markets Authority proposed changes to give smaller groups access to the largest clients.
Credit Suisse advises clients to move assets out of UK - report
Credit Suisse has advised its ultra-wealthy clients to shift their assets out of their UK and should “accelerate plans” to do so before Brexit, according to a report.
German business confidence deteriorates more than expected - Ifo
German business confidence deteriorated more than expected in December, according to a widely-followed survey released on Tuesday.