UK growth slowdown takes rate-hike pressure off BoE
Britain’s economy grew less strongly than previously thought in much of 2015, according to official data that may give the Bank of England pause for thought as it ponders when to raise interest rates.
Global stocks extend rally, oil edges off 11-year low
Global stocks extended a rally into a third day on Wednesday as oil edged away from 11-year lows and the dollar eked out minor gains in trade gradually winding down for the holidays.
Analysis – Record highs predicted for bitcoin in 2016 as new supply halves
2016 could prove to be the year that the price of bitcoin surges again. Not because of any dark-web drug-dealing or Russian ponzi scheme, but for an altogether less sensational reason – slower growth in the money supply.
Oil up after U.S. crude stocks drop, still close to 11-year lows
Oil prices edged up on Wednesday after an unexpected fall in U.S. crude inventories but remained not far above 11-year lows as supplies remain abundant and as OPEC lowered the demand outlook for its exports.
Game Digital sees lower half-year profit, shares slump
Video games retailer Game Digital Plc said it expected first-half profit to fall due to challenging trading conditions and disappointing sales since the start of school Christmas holidays.
L&G completes UK’s largest medically underwritten bulk pension risk deal
Insurer Legal & General said on Wednesday it had completed the largest-ever deal to take on risk carried by a British pension scheme using medical data to help fix a price.
Refugee influx gives extra push to German construction boom
Near Germany’s southern border, a small family-run construction company is being flooded with orders for its pre-fabricated homes. They are destined to house some of the one million asylum seekers flooding into the country this year.
Cheap oil kicks euro zone inflation expectations to lowest since October
A closely followed measure of long-term market euro zone inflation expectations fell to its lowest level since October on Wednesday, as this week’s fall in oil prices to 11-year lows kept alive the prospect of further ECB monetary stimulus.
Prompt prices ease on mild, windy weather
British gas prices edged lower on Wednesday, as supply and demand were closely matched and strong wind power generation capped gas needs.