Economic News
Brexit one year on: FTSE boosted as sterling suffers
It’s exactly one year to the day since one of the biggest political shocks of recent times unfolded before our eyes, as Britain bade goodbye to the European Union and rocked financial markets to their core as the plates of the Old Continent shifted irreversibly.
FX round-up: Sterling mixed, prone to volatility as PM May heads Brussels
Sterling had a mixed Thursday as PM Theresa May went to Brussels to unveil to European leaders her allegedly more generous plans for the rights of EU citizens in the UK.
London close: FTSE scrapes along as PM takes her Brexit show to Brussels
The FTSE scraped along to a lower close as PM Theresa May looked took her Brexit and hung-parliament show to Brussels.
Commodities: Crude gets a Thursday fillip higher, but downside risk remains
Prices of crude oil got a Thursday fillip higher as investors took some note of recent falls in US inventories, but nonetheless remain mindful of the black liquid's potential for further declines.
Prudent to wait until December to hike again, Fed's Harker says
In an interview with the Financial Times, the president of the Federal Reserve bank of Philadelphia, Patrick Harker, said it would be "prudent" for the US central bank to defer its next interest rate hike until December, instead of tightening at its September meeting.
UK population increases at fastest rate since WW2
Britain's population has swelled to nearly 67 million with growth in the past year reaching the fastest rate in almost 70 years, official figures showed on Thursday, boosted by continued net international migration.
UK industrial trend improves more than expected - CBI survey says
UK manufacturing is bouncing back, the CBI industrial trends survey showed on Thursday as the headline total orders balance came in much higher than forecast.
Trump state visit to UK will go ahead, Boris Johnson says
Foreign secretary Boris Johnson has said Donald Trump’s planned state visit to the UK will go ahead, despite its omission from the Queen’s Speech on Wednesday.
Mortgage lending robust but buy-to-let rebound fails to appear
UK mortgage lending remained resilient in May, according to figures released by the industry on Thursday, but forecasts for a revival in buy-to-let lending have proved wrong.
Trump floats idea of solar panels on Mexico border wall
US President Donald Trump has suggested the construction of a border wall with neighbours Mexico could be partly financed by attaching solar panels to its structure.
Tesco call centre closure to put 1,100 jobs at risk
Supermarket chain Tesco could be set to lay off as many as 1,100 people after it announced that it planned to close a call centre in Cardiff.
At least three tower blocks found with cladding type used at Grenfell Tower
At least three tower blocks have been found to be covered with combustible cladding similar to that used at Grenfell Tower, according to the UK government.