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Economic News Page 5

Green bonds

Fitch: 2018 a ‘pivotal year’ for European green bond funds

The ratings agency says that investor demand is growing strongly, although the sector is still in its infancy.

Graham Buck

UK consumer spending down 1.2% in January

Shoppers kept their wallets in their pockets in January, with spending falling by 1.2%, according to the latest figures from Visa. It was the first fall for the month – usually boosted by the January sales – in five years.

Richard Reed

Record profits for UK Plc in 2017

British companies saw record profits in 2017 thanks to strong global growth and a weaker pound that helped boost export revenues

Neil Dennis

Economic preview: US and UK inflation in focus

After the past couple of weeks of tier-one data releases and central bank announcements, investors will likely welcome a quieter week and hope equity markets become more settled

Neil Dennis
Column of 10 £1 coins on a reflective surface

Sterling drops on tangled Brexit transition talks

Sterling is heading for its biggest loss since October after Michel Barnier, the EU’s chief negotiator, warned that a Brexit transition period was not on the cards if a number of disagreements persisted.

Claire Hunte

Rise in oil prices dented UK trade in December

Falling exports and rising imports drove Britain's trade deficit higher in December, thanks partially to the rise in oil prices, the Office for National Statistics reported on Friday

Neil Dennis
US Capitol building

US government narrowly avoids second shutdown in three weeks

The US government narrowly avoided being shut down for the second time in three weeks after the Senate finally backed president Trump’s budget in an 11th hour vote last night.

Richard Reed

Manufacturing provides support as oil pipeline closure hits UK industry

Britain's industrial production fell by more than expected in December, largely due to the impact of the closure of the Forties oil pipeline, the UK Office for National Statistics (ONS) said on Friday

Neil Dennis
Bank of England

Pound gains on dollar as Bank hints rate rise might be sooner than expected

The pound rose more than half a cent against the dollar after the Bank of England hinted that a further rate rise might come sooner than expected.

Richard Reed
Theresa May

‘We want Brexit deal asap’ Theresa May tells Japanese industrialists

British prime minister Theresa May has told Japanese industrialists she wants a Brexit deal “as soon as possible”. May was meeting senior management from Nissan, Toyota, Honda, Hitachi and Mitsubishi today

Richard Reed
Falling stockmarket

Investors ‘out of touch with reality’ over Wall Street slump

Monday’s 1,100-point Wall Street plunge shows stockmarket investors are out of touch with reality. That is the claim of one leading commentator, who says investors “are trapped in a 1970s alternate universe”.

Richard Reed
Jobcenter sign

New US jobless claimants fall to lowest level for 45 years

New unemployment claims in the US fell by 10,000 to 224,500 in January – the lowest figure since 1973.

Richard Reed

Sterling rallies after BoE strikes hawkish tone

Sterling rallied strongly on Thursday after the Bank of England (BoE) struck a more hawkish tone despite keeping interest rates on hold at 0.5%.

James Hester
german growth

German exports and imports hit record highs in 2017

Germany exported goods at a record pace in 2017 thanks to the acceleration in global growth, while imports into the eurozone's biggest economy also hit an all-time high as domestic demand increased

Neil Dennis

Is another rate rise before summer on the cards?

The Bank of England is expected to report today that in light of the UK economy growing faster than anticipated in the run up to Brexit, another interest rate rise could be on its way this year.

David Burrows