Economic News
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Sales stagnates across pub and restaurant sector - survey

British pubs and restaurants saw growth stagnate in October, as the sector wrestled with stiff competition, curtailed spending and rising costs.

Carolyn Fairbairn CBI
'Millions wasted' on all-consuming Brexit, slams CBI chief

The director general of the CBI has lambasted the millions wasted by business preparing for a no-deal Brexit as she called on government and the private sector to work more closely together.

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May asks business leaders to back Brexit plan

UK Prime Minister Theresa May is seeking to win the support from business leaders to back her Brexit deal with the European Union as she faces a potential leadership challenge from dissenters in her own party.

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UK households still gloomy about finances, but see brighter future

British households have shrugged off concerns about the wider economy to be the most upbeat about their financial futures for nearly four years.

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Still too early to re-enter UK domestic stocks, says JPMorgan

It's still too early to re-enter domestic UK stocks such as banks, housebuilders and property and retail names, JPMorgan said on Monday, arguing that the chances of Theresa May's Brexit plan being approved by parliament "look slim".

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House prices drop in November as sellers lower expectations - Rightmove

House prices in the UK fell this month as new sellers priced their homes more realistically in the run-up to Christmas, against a backdrop of stretched affordability and Brexit uncertainty.

16 Nov
May survives tough day as rebels seek support to knife PM in ballot

UK Prime Minister Theresa May moved on Friday to bolster her precarious position after ministerial resignations over Brexit and the continuing threat of a no confidence vote.

16 Nov
'I think we'll have a deal (with China),' Trump says

Wall Street's main market gauges flickered into life on Friday afternoon in New York, reversing early losses and moving into the green, on the heels of upbeat remarks from the US President regarding the chances of his administration being able to strike a trade deal with Beijing.

16 Nov
US interest rates closer to 'neutral', Fed's Clarida says

The US central bank's second-in-command noted recent volatility in stock markets, but continued to defend the need for gradual rate hikes.

16 Nov
UK banks lose two-thirds of branches in past 30 years - Which?

UK banks have shed two-thirds of their branch network in the past 30 years, instead ploughing millions into the Post Office to serve people’s basic banking needs, a new study from Which? has revealed.

16 Nov
US industrial production rises in October, boosted by output of business equipment

US industrial production edged higher last month on the back of sharp increases in the output of business equipment and construction.

16 Nov
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ECB's Draghi confident, but argues for patience and persistence

Outgoing European Central Bank President, Mario Draghi, sounded a confident note on the outlook for the euro area economy, describing a recent slowdown as a 'soft patch', but said policymakers needed to be "patient and persistent" in providing monetary stimulus.

16 Nov
Walmart's wages targeted by new Bernie Sanders legislation

Walmart has been targeted by a new bill that would prevent large companies from completing stock buy-backs unless their employees are paid at least $15 an hour, which was introduced by senator Bernie Sanders.

16 Nov
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Kim Jong-Un supervises tests of new North Korean 'tactical' weapon

North Korea leader Kim Jong-Un inspected a new “tactical” weapon for the first time in nearly a year this week, reported the country’s state media on Friday.

16 Nov
US sets sanctions on 17 Saudi officials over Khashoggi murder

The US imposed economic sanctions on 17 Saudi Arabian officials late on Thursday after the killing of journalist Jamal Khashoggi last month.

16 Nov
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EE and Virgin Media fined for overcharging customers who left contract early

Ofcom has levied £13. 3m in fines against EE and Virgin Media, it announced on Friday, for overcharging phone and broadband customers who wished to leave their contracts early.

15 Nov
theresa may brexit deal
May pledges to drive Brexit plan through despite Cabinet turmoil

UK Prime Minister Theresa May vowed to push through her Brexit after a day of turmoil that saw two Cabinet ministers quit and MPs openly talking of a no-confidence vote.

15 Nov
S&P reaffirms UK sovereign debt rating at AA, but outlook still negative

Standard&Poor's reiterated its rating on the UK's long-term sovereign debt, despite the risk that the withdrawal agreement that had been reached overnight between Brussels and London might not make it through Parliament, forcing both sides to return to the bargaining table.

15 Nov
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Cryptocurrencies drop 12% to hit a one-year low

Cryptocurrencies were adding to their Wednesday plunge with the best-known of them, Bitcoin, down 12. 61% to $5,428.

15 Nov
US jobless claims rose unexpectedly last week

US jobless claims edged only slightly higher last week, but some economists believed there were signs in the data that, at least for now, momentum in the jobs market might be topping out.