Economic News
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UK wage growth hits 7.3%
Tuesday 11 Jul 2023
(Sharecast News) - UK wages grew more than expected in the three months to May, raising the chances of further rate hikes from the Bank of England, according to figures released on Tuesday by the Offi... Read More
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EasyJet cancels 1,700 flights over the summer season
Monday 10 Jul 2023
(Sharecast News) - Low-cost airline easyJet announced the cancellation of 1,700 flights over the summer period on Monday. Read More
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China producer prices slump in June
Monday 10 Jul 2023
(Sharecast News) - Producer prices in China slumped again in June, according to figures released on Monday by the National Bureau of Statistics, fuelling concerns about deflation. Read More
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Pendragon COO Casha leaving to become CEO of Marshall Motor
Friday 07 Jul 2023
(Sharecast News) - Car dealership Pendragon said on Friday that chief operating officer Martin Casha - who has been in the job since 2001 - will be standing down to become chief executive of Marshall ... Read More
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UK house prices suffer worst annual drop in 12 years - Halifax
Friday 07 Jul 2023
(Sharecast News) - UK house prices fell in June at the steepest annual pace in 12 years as the mortgage crisis took its toll, according to figures released by Halifax on Friday. Read More
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Footfall eases as soaring temperatures deter shoppers
Friday 07 Jul 2023
(Sharecast News) - UK retail footfall fell in June, industry research showed on Friday, as the heatwave kept shoppers at home. Read More
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Housebuilding slump hits construction sector
Thursday 06 Jul 2023
(Sharecast News) - Construction output fell sharply in June, a closely-watched survey showed on Thursday, as higher mortgage rates hit house building. Read More
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Leicester City FC to be fined for anti-competitive deal with JD Sports
Wednesday 05 Jul 2023
(Sharecast News) - The Competition and Markets Authority (CMA) issued a fine to Leicester City FC on Wednesday, after finding that the football club and retailer JD Sports had engaged in an arrangemen... Read More
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UK service sector loses momentum
Wednesday 05 Jul 2023
(Sharecast News) - The recovery in the UK service sector lost momentum in June, a closely-watched survey showed on Wednesday, as rising interest rates weighed on demand. Read More
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Electric cars drive June UK sales as SMMT calls for VAT cut on charging
Wednesday 05 Jul 2023
(Sharecast News) - UK new car sales surged by 25.8% year-on-year in June, driven by solid demand for electric vehicles (EV) from firms and fleet buyers, according to industry figures released on Wedne... Read More
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FCA summons bank chiefs over low savings rate concerns
Tuesday 04 Jul 2023
(Sharecast News) - The Financial Conduct Authority (FCA) has called on the chief executives of major banks to address concerns over the low savings rates being offered to customers, it emerged on Tues... Read More
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FCA warns insurers over treatment of vulnerable customers
Monday 03 Jul 2023
(Sharecast News) - The Financial Conduct Authority (FCA) issued a warning to home and motor insurers on Monday, urging them to improve their treatment of vulnerable customers and enhance their claims ... Read More
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CMA proposes fuel price monitor as margins widen
Monday 03 Jul 2023
(Sharecast News) - The Competition and Markets Authority (CMA) put forth a plan to help drivers access more competitive fuel prices on Monday, in a bid to address weakening competition in the retail p... Read More
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Novacyt to buy Yourgene Health in £16.7m deal
Monday 03 Jul 2023
(Sharecast News) - Yourgene Health surged on Monday after it agreed to be bought by Novacyt in a £16.7m deal. Read More
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Downturn in UK manufacturing sector deepens in June
Monday 03 Jul 2023
(Sharecast News) - The downturn in the UK manufacturing sector deepened in June, according to data released on Monday. Read More
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China's manufacturing activity slows in June
Monday 03 Jul 2023
(Sharecast News) - Activity in China's manufacturing sector slowed in June, according to data released on Monday. Read More
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UK life insurers' exposure to Thames Water is 'minimal', Citi says
Friday 30 Jun 2023
(Sharecast News) - Analysts at Citi pointed out on Thursday that the UK life insurance sector's direct exposure to Thames Water was "minimal". Read More
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UK car production jumps - SMMT
Friday 30 Jun 2023
(Sharecast News) - The UK car sector reported another jump in production in May as demand continued to recover, industry data showed on Friday. Read More
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UK Q1 GDP unchanged at 0.1% - ONS
Friday 30 Jun 2023
(Sharecast News) - The UK economy grew by only 0.1% in the first quarter of the year, confirming an initial estimate published in May, the Office for National Statistics (ONS) said on Friday. Read More
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House prices hold steady in June - Nationwide
Friday 30 Jun 2023
(Sharecast News) - UK house prices held steady in June, industry data showed on Friday, despite the mounting cost of borrowing. Read More
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