Economic News
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House purchases delayed as BoE's CHAPS system hit
Thursday 18 Jul 2024
(Sharecast News) - The Bank of England said on Thursday that its CHAPS service has been hit by a global payments issue, delaying some high value and time-sensitive payments, including house purchases. Read More
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UK wage growth eases, vacancies fall
Thursday 18 Jul 2024
(Sharecast News) - UK wages grew at their slowest pace in nearly two years in the three months to May, according to figures released on Thursday by the Office for National Statistics. Read More
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UK house price growth accelerates, rent inflation stays elevated
Wednesday 17 Jul 2024
(Sharecast News) - The annual increase in UK house prices accelerated sharply in May, while rent inflation stayed close to multi-year highs, according to the latest data released on Wednesday by the O... Read More
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EZ June inflation confirmed at 2.5%
Wednesday 17 Jul 2024
(Sharecast News) - Inflation in the eurozone fell to 2.5% in June from 2.6% in May, in line with the flash estimate published on July 2, according to official data published on Wednesday. Read More
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UK inflation holds steady at 2%
Wednesday 17 Jul 2024
(Sharecast News) - UK inflation was unchanged in June, official data showed on Wednesday, in line with the Bank of England's target. Read More
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Euros see supermarket sales grow despite poor weather
Tuesday 16 Jul 2024
(Sharecast News) - Take-home sales at supermarkets rose by 2.2% over the four weeks ended 7 July, according to fresh industry data released on Tuesday, driven by summer events and evolving consumer pr... Read More
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German economic outlook deteriorates for first time in a year - ZEW
Tuesday 16 Jul 2024
(Sharecast News) - The economic outlook in Germany deteriorated in July for the first time in a year, according to a survey released on Tuesday by the ZEW Center for European Economic Research in Mann... Read More
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Ofwat expands sewage investigation to all wastewater companies in England and Wales
Tuesday 16 Jul 2024
(Sharecast News) - Ofwat announced on Tuesday that it was expanding its investigation into how water companies manage their wastewater treatment works and networks to include United Utilities and Seve... Read More
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UK house prices soften in July - Rightmove
Monday 15 Jul 2024
(Sharecast News) - UK house prices dipped in July, industry data showed on Monday, as the general election, international sporting events and the start of the summer holidays unsettled the market. Read More
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Supermarkets say card payment issues resolved
Thursday 11 Jul 2024
(Sharecast News) - Card payment disruptions at major UK retailers were reportedly resolved by Thursday afternoon, after customers at chains including Asda, Sainsbury's, and various petrol stations rep... Read More
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CAA cuts Heathrow landing fees further after competition findings
Thursday 11 Jul 2024
(Sharecast News) - The Civil Aviation Authority (CAA) has ruled that the amount Heathrow is allowed to charge airlines in landing fees must be reduced by a further 6% over the next two years following... Read More
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UK economy gathers momentum in May
Thursday 11 Jul 2024
(Sharecast News) - The UK economy grew by more than expected in May, official data released on Thursday showed. Read More
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UK house prices unchanged in June - Rics
Thursday 11 Jul 2024
(Sharecast News) - UK house prices were unchanged in June, a closely-watched survey showed on Thursday, but optimism sparked across the sector following the general election. Read More
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BoE's Huw Pill concerned by persistence of inflation
Wednesday 10 Jul 2024
(Sharecast News) - Bank of England chief economist Huw Pill expressed concerns on Wednesday about the persistence of inflation in the UK. Read More
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UK card spending falls for first time since February 2021
Tuesday 09 Jul 2024
(Sharecast News) - The amount that UK consumers spent on cards declined last month for the first time since the middle of the pandemic, as June's mixed weather hit high street purchases but boosted sp... Read More
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Thames Water warns on cash as liquidity falls further
Tuesday 09 Jul 2024
(Sharecast News) - The UK's largest water company Thames Water could see its cash run dry by the end of next May, it was revealed on Tuesday. Read More
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UK retail sales dip slightly amid cool June weather
Tuesday 09 Jul 2024
(Sharecast News) - Retail sales in the UK dipped slightly in June, according to fresh data released on Tuesday, as a result of a markedly cooler summer so far. Read More
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Strong online demand boosts retail sales - BDO
Friday 05 Jul 2024
(Sharecast News) - High street sales jumped last week, industry data showed on Friday, supported by a surge in online shopping. Read More
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UK housebuilders surge on Labour victory
Friday 05 Jul 2024
(Sharecast News) - Shares in UK housebuilders jumped on Friday, on hopes that the new Labour government would reinvigorate the sector. Read More
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House prices hold steady in June - Halifax
Friday 05 Jul 2024
(Sharecast News) - House prices remained largely unchanged in June, industry data showed on Friday, reflecting a subdued market. Read More
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