Economic News
The UK is a buy, says Goldman Sachs
UK domestic equities are buy, Goldman Sachs said in a strategy note on Tuesday, as it pointed to a sharp economic recovery next year.
Pfizer and BioNTech make final vaccine submission to European regulator
Pfizer and its German partner BioNTech have made their final submission to the European Medicines Agency for approval of their potential Covid-19 vaccine.
Iranian parliament approves bill to potentially end nuclear inspections
Iran gave preliminary approval to a draft legislation that could potentially end inspections of nuclear sites by the start of 2021.
China's manufacturing sector hits ten-year high
The Chinese manufacturing sector has hit a 10-year high, a private sector survey showed on Tuesday, as the economy continued to rebound from the Covid-19 pandemic.
UK manufacturing surges ahead as transition period nears end
The UK manufacturing sector continued to strengthen in November, boosted by Brexit stockpiling and demand recovering following earlier lockdowns, industry data showed on Tuesday.
UK house prices accelerate at fastest pace since January 2015
Annual house price growth advanced at a pace of 6. 5% last month, the highest rate seen in almost five years.
EG Group eyes up Caffe Nero - report
The British billionaire brothers behind the £6. 8bn takeover of supermarket chain Asda are poised to swoop on coffee chain Caffe Nero, it was reported on Monday.
London job vacancies suffer hardest fall among EU capital cities
London has suffered the biggest fall in job opportunities among Europe’s biggest cities, according to a report by Indeed that showed the effect of Covid-19 on capitals across the region.
Confidence in UK house market cools - Halifax
Confidence in the UK's booming house market showed signs of cooling last month, according to research published by Halifax on Monday.
Mortgage approvals surge to 13-year high
Mortgage approvals surged to a 13-year high in October, underpinned by pent-up demand and the stamp duty holiday, official data showed on Monday.
China's economy continues to rebound post Covid
China’s manufacturing sector expanded at the fastest rate in more than three years in November, official data showed on Monday, as the country’s economy continued to rebound from the impact of Covid-19.
Banco Sabadell gives Goldman mandate to sell TSB
Goldman Sachs has been given the mandate to sell Spanish lender Banco Sabadell's UK unit, TSB.
European state aid rules should be eased to help lenders, ECB official says
A top European Central Bank official said state aid rules should be eased and bank deposits protected to help lenders through the Covid-19 pandemic.
UK Black Friday online sales expected to beat record
Internet industry body IMRG said that the online sales for this year’s Black Friday are expected to reach an all-time high.
Lockdowns hit sentiment in services sector - survey
Optimism across the service sector tumbled in the last three months, hit by a resurgence in Covid-19 infections and fresh lockdown measures, a closely-watched survey showed on Friday.
Germany to ask EU to close ski resorts
Germany is to push for ski resorts across Europe to stay closed until January, it was reported on Thursday.
Swathes of England face strictest Covid restrictions
London escaped the most stringent of post-lockdown Covid-19 restrictions but Manchester, Birmingham and Newcastle are among areas faced with strict measures in the runup to Christmas.
German confidence falters on fresh round of lockdown restrictions
German consumer sentiment is forecast to tumble in December after lockdown measures introduced to tackle a resurgence in Covid-19 cases dented confidence.
UK car production falls as Covid-19. hits exports
UK car production fell 18% in October as Covid-19 and fresh lockdowns reduced demand in important markets, industry figures showed.
UK economy to shrink more than 11% this year, says Sunak
The UK economy is forecast to contract by a historic 11. 3% this year as government borrowing nears £400bn, the chancellor Rishi Sunak warned on Wednesday.
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