PERSONAL FINANCE
24 Mar
FX round-up: Sterling downcast on Friday as US Congress votes on Trump's Healthcare Bill
Money scale pounds

Sterling turned in a downcast Friday performance as it slipped on most key pairs, with global markets drifting as US President Donald Trump's Healthcare Bill goes to a congressional vote, and ahead of UK formally beginning its EU-exit talks next week.

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24 Mar
London close: FTSE drifts lower ahead of pivotal US Congress healthcare vote
united states us america washington congress

Equities in London spent most of the session adrift with a slightly negative bias ahead of the US congressional vote on President Donald Trump's Healthcare Bill, with little in the way of domestic corporate or economic news to provide firm direction.

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24 Mar
Cadbury may cut chocolate sizes as Brexit effect bites
Cadbury biscuit fingers

Britons could be about to get less bite for their buck as US-owned chocolate maker Cadbury has indicated that its products could be trimmed in size or increased in price post-Brexit.

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24 Mar
UK housing market faces pressure as banks approve fewer mortgages
mortgage keys

British banks approved a smaller number of mortgages last month, according to the British Banking Association's monthly report on Friday, putting some pressure on the housing market.

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24 Mar
Excel cycle courier wins holiday pay case
montar_bici_estres_

A self-employed cycle courier working for Excel, which is part of CitySprint, has won entitlement to holiday pay after a central London employment tribunal ruled that he was actually a worker.

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24 Mar
US business activity expands at slowest pace in six months in March

Business activity in the US expanded at its slowest pace since September 2016 in March, according to data released on Friday.

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24 Mar
Robots to replace 30% of UK jobs over next two decades - PwC
ep robots

Up to 30% of jobs in the UK could be replaced by automation by the 2030s, according to new research, affecting industries such as transportation, manufacturing and retail the most.

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24 Mar
BBA's consumer credit slowdown likely to relieve Bank of England
credit cards, finance, money, cash

UK consumer borrowing in the form of personal loans and overdrafts slowed in February, according to data from the British Bankers Association, which tied in with the slowing retail spending reported this week.

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24 Mar
Inflation surge does not automatically mean rates will rise, BoE's Vlieghe says
boe bank of england mpc city committee monetary policy

Even an acceleration in consumer prices to 3. 5% might not justify a hike in Bank Rate, a top Bank of England official said, unless it is accompanied by growth in wages.

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24 Mar
ECB's Praet reiterates rates to remain at current lows, criticises anti-establishment parties

The European Central Bank will keep interest rates low well past the end of its bond purchase programme, its top policy thinker reiterated, while criticising anti-establishment parties' claims about the benefits of exiting the euro.

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24 Mar
UK's Brexit bill will be around £50bn, EC President Juncker says
Juncker

Britain's bill for exiting the European Union will be close to £50bn and "must be honoured", European Commission President Jean Claude Juncker said, but he is not approaching the impending divorce proceedings in a hostile mood.

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24 Mar
Eurozone business growth near six-year high in March
bce, banco central europeo

Markit's flash eurozone composite purchasing managers' index unexpectedly rose in March, to a near six-year high.

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23 Mar
FX round-up: Sterling rises on hearty UK retail sales as inflation, possible BoE rate rise lurk
John Lewis at St Pancras International station, London; retail

Sterling ticked higher on most major crosses Thursday thanks to better-than-expected UK retail sales figures for February, with rising inflation and a possible Bank of England (BoE) interest rate hike lurking in the background.

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23 Mar
London close: FTSE gains on clothing retailers after improved UK shop-sales data
next shop retail costa whitbread

Equities in London rose to a positive close with the FTSE 100 enjoying a rise after UK retail sales for February came in stronger than expected and helped both clothes-related retailers and sterling higher.

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23 Mar
US new home sales rise more than expected in February
US house USA United States of America housing

Sales of new US single-family homes rose more than expected in February, according to official data released on Thursday.

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23 Mar
UK state pension age should rise to 70, government review recommends
ep anciano pensiones

Almost six million UK citizens currently aged under 30 could see their pension age rise as high as 70, if recommendations in two government reports published on Thursday are taken up.

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23 Mar
Retail sales remain below seasonal trends, CBI finds
meadowhall, british land, retail, shopping centre

Retail sales picked up more than expected up until mid-March, the CBI found in a monthly Distributive Trades survey that backed up earlier official figures but did not fill economic experts with much optimism.

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23 Mar
UK retail sales bounce back firmly after three-month lull
John Lewis at St Pancras International station, London; retail

UK retail sales in February proved much stronger than the market was expecting, sending sterling surging higher on Thursday but unlikely to prevent GDP growth from slowing in the first quarter.

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23 Mar
London attack: Policeman among 4 dead in Westminster outrage
 parliament house of commons london westminster politics

Four people, including a policeman, were killed on Wednesday after a terrorist mowed down pedestrians in a car before attempting to continue his rampage inside the Palace of Westminster, police said.

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23 Mar
Treasury Committee chair calls for bank cybersecurity watchdog
andrew tyrie treasury select committee conservative tory mp

The levels of cybersecurity employed by banks came under fire on Thursday morning, with Andrew Tyrie MP, chairman of the Treasury Committee, calling for a single point of responsibility to oversee the systems in place at financial institutions.

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