News And Announcements
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
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
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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
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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
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Philly Fed index drops more than expected in November

Manufacturing conditions in the Philadelphia region deteriorated more than expected in November, according to a survey released on Thursday.

15 Nov
Credit Suisse upgrades UK equities, says early elections 'unlikely'

Credit Suisse upgraded its view on UK stocks on Wednesday, arguing that investors had 'thrown in the towel', leaving shares undervalued in the process.

15 Nov
retail shopping high street
UK retail sales tumble 0.5%

UK retail sales tumbled last month, official figures revealed on Thursday, confounding expectations for the sector to bounce back from the previous month.

15 Nov
GVC avoids £700m payment for Ladbrokes takeover

GVC Holdings avoided paying almost an extra £700m for its acquisition of Ladbrokes after the government issued a new ruling on the UK fixed-odds betting machines.

15 Nov
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'Information asymmetry' drives huge price swings in cryptocurrencies

New research has found informed traders and investors’ information asymmetry could be driving huge price changes in cryptocurrencies.

14 Nov
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Senior Tory Brexiters may push for 'no-confidence' vote, reports say

Some senior Tory Brexiters are reportedly pushing for an immediate 'no-confidence' vote against the Prime Minister.

14 Nov
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Ministers urged to impose cutbacks to HS2 as costs surge

Ministers are being urged to impose cutbacks to the HS2 railway infrastructure project after a report warned that costs were well over those for comparable schemes in Europe.

14 Nov
Advertisers making digital Christmas switch away from TV

UK advertisers have cut almost £44m from their Christmas TV campaign budgets and shifted their focus to digital media.

14 Nov
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UK inflation stays flat as food prices tumble

UK inflation remained unchanged last month, the Office for National Statistics revealed on Wednesday, having been expected to rise slightly.

14 Nov
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German economy contracts for first time since Q1 2015

The German economy shrank in the third quarter amid weaker exports, marking its first contraction since the first quarter of 2015, according to data released by Destatis.

13 Nov
Cabinet convenes as negotiators agree EU withdrawal text

Theresa May's cabinet will meet on Wednesday after British and EU negotiators agreed the text for a UK-wide customs arrangement that could will form part of a Brexit withdrawal agreement, according to reports on Tuesday afternoon.

13 Nov
Opec trims forecasts as global economy weakens and supply surges

Opec has trimmed demand forecasts for its crude in 2019, leading to speculation that the oil cartel will cut production when it meets next month.

13 Nov
Bearish investors turn their back on tech stocks, survey finds

Exposure to the global technology sector is at its lowest level since February 2009, according the industry research, as bearish fund managers become increasingly risk averse.

13 Nov
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German ZEW improves in November but sentiment still depressed

German economic sentiment unexpectedly improved in November but remained depressed, according to the latest survey from the ZEW Center for European Economic Research in Mannheim.