Economic News
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Ofwat tells water firms to improve immediately in damning report
Tuesday 08 Oct 2024
(Sharecast News) - Ofwat called on the water sector to significantly improve its performance on Tuesday, after companies fell short of key environmental and service targets, costing the industry £157... Read More
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House prices rise again in September, near record highs - Halifax
Monday 07 Oct 2024
(Sharecast News) - UK house prices rose in September for the third month in a row and were close to record highs amid cheaper mortgage rates, according to figures released on Monday by Halifax. Read More
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Non-farm payrolls beat expectations, unemployment rate dips
Friday 04 Oct 2024
(Sharecast News) - The US economy added far more jobs than expected in September while the unemployment rate unexpectedly fell, dashing any expectations of a potential 50 basis points rate cut by the ... Read More
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Bank of England's Pill urges caution on rate cuts
Friday 04 Oct 2024
(Sharecast News) - Bank of England economist Huw Pill urged caution on interest rate cuts on Friday, in contrast to more dovish comments from governor Andrew Bailey. Read More
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UK construction sector grows at fastest pace in two-and-a-half years
Friday 04 Oct 2024
(Sharecast News) - The UK construction sector grew in September at its fastest pace in two-and-a-half years, according to a survey released on Friday. Read More
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Maersk among Friday's fallers as US port strike called off
Friday 04 Oct 2024
(Sharecast News) - Shares in shipping firms were in the red on Friday, with Maersk particularly affected, following the resolution of a US port strike that had initially raised hopes for a boost in gl... Read More
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Better weather boosts retail footfall - BRC
Friday 04 Oct 2024
(Sharecast News) - Retail footfall rose for the first time in over a year in September, industry data showed on Friday, as shoppers made the most of the mild weather. Read More
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CMA orders Topps Tiles to keep CTD acquisition at arm's length during probe
Thursday 03 Oct 2024
(Sharecast News) - Topps Tiles updated the market regarding its recent acquisition of CTD Tiles, which included 30 stores, selected stock, and intellectual property for £9m, on Thursday. Read More
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Eurozone economy falters as services growth softens
Thursday 03 Oct 2024
(Sharecast News) - The eurozone economy faltered in September, a closely-watched survey showed on Thursday, weighed down by slowing growth in the bloc's dominant services sector. Read More
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UK business activity growth eases; prices charged inflation slows
Thursday 03 Oct 2024
(Sharecast News) - Business activity growth eased to a three-month low in September, according to a survey released on Thursday, but prices charged inflation slowed. Read More
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Pound drops as BoE's Bailey says rate cuts could become 'more aggressive'
Thursday 03 Oct 2024
(Sharecast News) - Sterling took a hit on Thursday after Bank of England governor Andrew Bailey told the Guardian that the central bank could become a "bit more aggressive" in cutting interest rates a... Read More
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UK manufacturing growth slows, business confidence falls
Tuesday 01 Oct 2024
(Sharecast News) - Growth in the UK manufacturing sector slowed in September, while business confidence deteriorated amid concerns about the upcoming Budget and geopolitical tensions. Read More
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UK business leader confidence drops sharply ahead of Budget
Tuesday 01 Oct 2024
(Sharecast News) - Confidence among business leaders in the UK dropped in September to its lowest level in nearly two years, with uncertainty ahead of the Autumn Budget holding back investment decisio... Read More
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Shop prices continue moving into deflation in September
Tuesday 01 Oct 2024
(Sharecast News) - Shop prices continued to move into deflation in September, with a year-on-year decline of 0.6%, according to the British Retail Consortium-NielsenIQ Shop Price Index on Tuesday. Read More
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UK mortgage approvals jump to two-year high
Monday 30 Sep 2024
(Sharecast News) - Approvals for mortgages in the UK rose to their highest in two years in August, while consumer borrowing increased more than expected, according to data from the Bank of England on ... Read More
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UK second-quarter growth revised lower
Monday 30 Sep 2024
(Sharecast News) - The UK economy grew less than initially estimated in the second quarter, according to figures released on Monday by the Office for National Statistics. Read More
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UK house-price growth accelerates in September
Monday 30 Sep 2024
(Sharecast News) - House prices in the UK rose at their fastest rate in nearly two years this month, with values now just 2% shy of record highs, according to data released on Monday by Nationwide. Read More
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UK retail sales nudge higher in September - CBI
Friday 27 Sep 2024
(Sharecast News) - Retail sales edged higher in September, an industry survey showed on Friday, boosted by strong online demand. Read More
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Eurozone economic sentiment weakens in September
Friday 27 Sep 2024
(Sharecast News) - Confidence eased across the eurozone in September, an official survey released on Friday showed, as the bloc's economic recovery struggled to take hold. Read More
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Chinese equities rally as Beijing moves to bolster economy
Friday 27 Sep 2024
(Sharecast News) - Chinese equities rallied on Friday following a series of moves by Beijing intended to bolster the country's ailing economy, including a further cut to a key interest rate. Read More
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