Economic News
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UK's Hunt abolishes lifetime pension allowance
Wednesday 15 Mar 2023
(Sharecast News) - UK Finance Minister Jeremy Hunt said he was abolishing the lifetime pensions allowance. Read More
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NY manufacturing activity deteriorates sharply in March
Wednesday 15 Mar 2023
(Sharecast News) - Manufacturing activity in the New York region deteriorated sharply in March, according to data released on Wednesday. Read More
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China's economy shows signs of recovery
Wednesday 15 Mar 2023
(Sharecast News) - China's economy strengthened in the first two months of 2023, official data showed on Wednesday, after the end of Covid restrictions boosted consumer spending. Read More
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UK govt u-turns to extend energy bill support scheme by 3 months
Wednesday 15 Mar 2023
(Sharecast News) - The UK government has bowed to pressure from campaigners and u-turned on plans to axe support for household energy bills as another price rise in April threatened to put some famili... Read More
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Asda's purchase of Co-op petrol stations raises CMA concerns
Tuesday 14 Mar 2023
(Sharecast News) - The merger between Asda and the Co-op's petrol stations and attached grocery stores could lead to higher prices for motorists and shoppers, the Competition and Markets Authority (CM... Read More
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UK unemployment rate stable, wage growth slows
Tuesday 14 Mar 2023
(Sharecast News) - The UK unemployment rate was steady in the three months to January, while wage growth slowed for the first time in more than a year, according to data released on Tuesday by the Off... Read More
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First Republic plunges in SVB fallout despite fresh funding
Monday 13 Mar 2023
(Sharecast News) - Shares in First Republic Bank were plummeting in early trading on Wall Street on Monday, despite the bank securing a fresh injection of funding over the weekend. Read More
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UK retail footfall drops amid extreme weather
Monday 13 Mar 2023
(Sharecast News) - Retail experts MRI Springboard revealed on Monday that wild weather last week had heavily impacted high street retailers, leading to a drop in weekly footfall. Read More
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Gilt yields drop as investors rush to safety
Monday 13 Mar 2023
(Sharecast News) - Gilt yields slid on Monday, with investors rushing to safety as the collapse of Silicon Valley Bank continued to rattle markets. Read More
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Strong demand helps boost hight street sales
Friday 10 Mar 2023
(Sharecast News) - High street sales jumped last week, research showed on Friday, despite the cost of living crisis continuing to weigh heavily on the UK. Read More
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German inflation stabilises in February
Friday 10 Mar 2023
(Sharecast News) - German inflation was unchanged last month, official data showed on Friday, with both energy and food prices remaining high. Read More
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UK economy returns to growth in January
Friday 10 Mar 2023
(Sharecast News) - The UK economy returned to growth in January, according to data released on Friday by the Office of National Statistics, raising hopes that a recession will be avoided. Read More
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Lenders must help struggling borrowers - FCA
Friday 10 Mar 2023
(Sharecast News) - Mortgage providers must support struggling borrowers, the financial regulator reiterated on Friday, as it warned that an additional 356,000 households were at risk of falling into f... Read More
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Tight labour market continuing to hit UK firms - ONS
Thursday 09 Mar 2023
(Sharecast News) - More than a quarter of British companies were hit by worker shortages last month, a survey from the Office for National Statistics showed on Thursday. Read More
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Chinese inflation eases more than expected
Thursday 09 Mar 2023
(Sharecast News) - Chinese consumer price inflation eased more than expected in February, according to data released on Thursday by the National Bureau of Statistics. Read More
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UK housing market still falling, but glimmer of optimism appears - RICS
Thursday 09 Mar 2023
(Sharecast News) - Britain's housing market is still falling but there are indications that pessimism is easing, according to a closely-watched surveyors survey. Read More
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US private sector adds more jobs than expected
Wednesday 08 Mar 2023
(Sharecast News) - Private sector employment in the US rose more than expected in February, according to the latest data from ADP. Read More
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BoE's Dhingra says rate rise would harm economy
Wednesday 08 Mar 2023
(Sharecast News) - Further rises in UK interest rates could harm an already weakened economy and hard-pressed households, a Bank of England policymaker warned on Wednesday. Read More
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Eurozone economy stagnates in Q4
Wednesday 08 Mar 2023
(Sharecast News) - The eurozone economy stagnated in the final quarter of last year, according to data released on Wednesday by Eurostat. Read More
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BoE's Mann warns on risk of 'greedflation' as firms exploit price rises to hold margins
Tuesday 07 Mar 2023
(Sharecast News) - Bank of England policymaker Catherine Mann on Tuesday said she was concerned UK companies could be using the cost of living crisis to hide price increases, known as "greedflation". Read More
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