Economic News
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Public sector borrowing jumps in April - ONS
Wednesday 22 May 2024
(Sharecast News) - Public borrowing soared by more than expected in April, official data showed on Wednesday, on the back of lower National Insurance receipts. Read More
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Ofcom fines BT £2.8m for knowingly breaching contract info rules
Wednesday 22 May 2024
(Sharecast News) - Ofcom announced on Wednesday that it has fined BT Group £2.8m, for failing to provide more than one million customers with clear and essential contract information before signing up... Read More
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UK consumer price inflation falls to 2.3% in April
Wednesday 22 May 2024
(Sharecast News) - Consumer price inflation fell less than expected in April, according to figures released on Wednesday by the Office for National Statistics, dashing hopes of a summer rate cut. Read More
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M&S FY profits, sales jump as turnaround efforts bear fruit
Wednesday 22 May 2024
(Sharecast News) - Marks & Spencer posted a jump in full-year sales and profits on Wednesday as the retailer's turnaround efforts bore fruit. Read More
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Manufacturing output volumes rise for first time since Nov 2022 - CBI
Tuesday 21 May 2024
(Sharecast News) - Output volumes in the UK manufacturing sector rose in the three months to May for the first time since November 2022, according to the latest Industrial Trends survey from the Confe... Read More
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Regulator probes lack of competition to Visa, Mastercard
Tuesday 21 May 2024
(Sharecast News) - The Payment Systems Regulator (PSR) said in an interim report on Tuesday that Mastercard and Visa, the UK's two dominant payment card schemes, did not face effective competition in ... Read More
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IMF upgrades UK growth forecast, warns against tax cuts
Tuesday 21 May 2024
(Sharecast News) - The International Monetary Fund (IMF) revised its growth forecast for the UK economy on Tuesday, projecting a "soft landing" with a faster-than-expected recovery following last year... Read More
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UK grocery price inflation eases to lowest since October 2021 - Kantar
Tuesday 21 May 2024
(Sharecast News) - UK grocery price inflation fell for the fifteenth month in a row in the four weeks to 12 May, to 2.4%, its lowest level since October 2021, according to data released on Tuesday by ... Read More
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BoE's Broadbent says interest rate cut 'possible' in summer
Monday 20 May 2024
(Sharecast News) - Bank of England deputy governor Ben Broadbent said on Monday that it was "possible" that interest rates could be cut this summer. Read More
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UK house prices hit record high in May - Rightmove
Monday 20 May 2024
(Sharecast News) - The average UK house price hit a new record of £375,131 in May, driven by pent-up demand and momentum from the Spring selling season, according to data released on Monday by Rightm... Read More
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Eurozone inflation to fall faster than forecast - EU
Wednesday 15 May 2024
(Sharecast News) - Eurozone inflation is set to fall faster than initially expected this year, the European Commission forecast on Wednesday. Read More
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Eurozone GDP edges higher in first quarter
Wednesday 15 May 2024
(Sharecast News) - Eurozone economic growth ticked higher in the first quarter of 2024, official data showed on Wednesday. Read More
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IEA cuts forecasts for oil demand in 2024
Wednesday 15 May 2024
(Sharecast News) - The International Energy Agency (IEA) has slashed its oil demand forecast for 2024 as a result of poor industrial activity and mild winter temperatures, which have sapped gasoil con... Read More
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Investor morale hits two-year high in Germany
Tuesday 14 May 2024
(Sharecast News) - German investor sentiment kicked higher in May, a closely-watched survey showed on Tuesday, reaching a two-year high. Read More
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Biden administration to hike tariffs on $18bn of Chinese goods
Tuesday 14 May 2024
(Sharecast News) - The Biden administration announced significant tariff increases on $18bn worth of Chinese imports overnight on Monday, targeting sectors such as electric vehicles (EVs), solar panel... Read More
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BoE rate cut on the cards this summer, says Huw Pill
Tuesday 14 May 2024
(Sharecast News) - The Bank of England's chief economist has said it's "not unreasonable" to expect an interest-rate cut from the central bank this summer, as data showed that tightness in the UK labo... Read More
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Unemployment edges higher as job market cools - ONS
Tuesday 14 May 2024
(Sharecast News) - Unemployment nudged higher in March, official data showed on Tuesday, in line with expectations, despite wages continuing to grow. Read More
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Treasury reportedly planning significant sale of NatWest stake
Monday 13 May 2024
(Sharecast News) - The Treasury is finalising plans for a significant sale of its remaining stake in NatWest Group, it was reported on Monday, in a bid to expedite the bank's privatisation and stimula... Read More
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Heathrow passenger numbers grow in April
Monday 13 May 2024
(Sharecast News) - Britain's busiest airport Heathrow saw a 4.8% year-on-year increase in passenger traffic during April, with 6.7m travellers passing through its gates. Read More
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UK no longer in recession as Q1 GDP grows 0.6%
Friday 10 May 2024
(Sharecast News) - The UK is no longer in recession, according to data released on Friday by the Office for National Statistics. Read More
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