News And Announcements
CBI drafts in lawyers for potential insolvency filing - report
The board of the scandal-hit Confederation of British Industry has reportedly drafted in lawyers to prepare for a prospective insolvency filing ahead of a crunch vote by thousands of its members next week.
Shop price inflation edges higher - BRC
Shop price inflation nudged higher in May, industry data showed on Tuesday, despite some food price rises starting to slow.
Service sector optimism holds up despite cost pressures - CBI
Business optimism across the UK service sector held up in May, a closely-watched industry survey showed on Tuesday, despite ongoing pressure on both costs and profits.
UK retail sales rise more than expected in April
UK retail sales rose more than expected in April as shoppers returned to the high street, according to figures released on Friday by the Office for National Statistics.
US Q1 economic growth revised upwards
The US economy grew faster in the first quarter than initially estimated, according to figures released on Thursday by the Commerce Department.
UK April car production up 9.9% - SMMT
UK car production rose 9. 9% in April, with 66,527 new models being built in the month, according to industry figures published on Thursday.
UK retail sales dip in May - CBI
UK retail sales dipped in the year to May following an increase in April, but retailers expect sales volumes to stabilise next month, according to the latest survey from the Confederation of British Industry.
Ofgem lowers UK energy price cap as wholesale prices fall
Britain's energy regulator has cut its price cap after a fall in wholesale prices, although it admitted that hard-pressed families were likely to see little benefit.
Manufacturers expecting lowest inflation in more than two years - CBI
Manufacturers’ expectations for selling price inflation fell to their lowest level in more than two years in May, according to the latest survey from the scandal-hit Confederation of British Industry.
Five banks said to have breached competition law in UK bond markets
Five global banks have been provisionally found to have broken UK competition law, it was announced on Wednesday, by allegedly sharing competitively sensitive bond market information.
UK house prices fall for fourth month in a row - ONS
UK house prices fell for the fourth month in a row in March, according to data released on Wednesday by the Office for National Statistics.
German business sentiment deteriorates in May - Ifo
German business sentiment deteriorated in May, according to a survey released on Wednesday by the Ifo Institute.
UK inflation falls below 10% but food prices still high
UK inflation fell in April - albeit less than expected - but food prices remained near record highs, according to figures released on Wednesday by the Office for National Statistics.
UK to avoid recession - IMF
The International Monetary Fund said on Tuesday that it no longer expects the UK to fall into recession this year.
UK private sector growth slows in May
UK private sector growth slowed in May, according to a survey released on Tuesday.
UK grocery inflation nudges lower to 17.2%
Food inflation continued to edge lower, industry data showed on Tuesday, although it remains close to record highs.
Government borrowing rises more than expected in April
The UK government borrowed more than expected last month as energy support schemes, benefit payments and higher debt interest payments pushed up spending, according to figures released on Tuesday by the Office for National Statistics.
China holds rates for ninth consecutive month
China kept its benchmark lending rates unchanged for the ninth month in a row on Monday, in line with forecasts.
UK house prices hit fresh high in May - Rightmove
UK house prices hit a fresh high in May, industry data showed on Monday, as market conditions steadied.
UK house prices hit fresh high in May - Rightmove
UK house prices hit a fresh high in May, industry data showed on Monday, as market conditions steadied.