Economic News
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UK house prices unexpectedly dip in August - Nationwide
Friday 30 Aug 2024
(Sharecast News) - UK house prices unexpectedly dipped on the month in August, but rose at their fastest annual pace since December 2022, according to figures released by Nationwide on Friday. Read More
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Retail footfall resilient in August despite riot disruption
Friday 30 Aug 2024
(Sharecast News) - Retail footfall across the UK experienced a slight decline of 0.4% year-on-year in August, according to fresh BRC-Sensormatic IQ data released on Friday morning. Read More
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UK car production slumps in July as changeovers and supply chain woes weigh
Thursday 29 Aug 2024
(Sharecast News) - UK car production slumped 14.4% in July, according to the Society of Motor Manufacturers and Traders, with a total of 65,478 vehicles rolling off factory lines last month as model c... Read More
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UK's FCA to probe pure protection insurance market
Wednesday 28 Aug 2024
(Sharecast News) - Britain's financial watchdog has started a probe into so-called "pure protection" insurance policies over concerns that companies may be ripping off vulnerable customers. Read More
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UK house prices rise 1.4pc in July
Wednesday 28 Aug 2024
(Sharecast News) - UK house prices bounced back in July following a drop in June, according to property website operator Zoopla, aided by a continued jump in demand and increased home stock. Read More
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German consumer sentiment to deteriorate in September - GfK
Tuesday 27 Aug 2024
(Sharecast News) - German consumer sentiment is expected to deteriorate sharply in September, according to a survey released on Tuesday by GfK and the Nuremberg Institute for Market Decisions (NIM). Read More
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Shop prices fall for the first time since late 2021
Tuesday 27 Aug 2024
(Sharecast News) - Shop prices in the UK in August experienced deflation for the first time since October 2021, according to fresh data released on Tuesday, with a decrease of 0.3%. Read More
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Ofwat confirms Thames Water actions after firm's credit downgrade
Friday 23 Aug 2024
(Sharecast News) - Water regulator Ofwat confirmed the immediate implementation of new measures on Friday, to address Thames Water's recent loss of its investment-grade credit ratings. Read More
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UK household energy bills to rise 10pc in October
Friday 23 Aug 2024
(Sharecast News) - UK household energy bills will rise by £149 in October as part of industry watchdog Ofgem's new price cap. Read More
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UK consumer confidence holds steady, but personal finance expectations
Friday 23 Aug 2024
(Sharecast News) - Consumer confidence in the UK remained stable in August, according to a closely watched GfK survey, as improving sentiment towards personal finances was offset by the first fall in ... Read More
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Boston Fed president Collins signals her support for rate cuts
Thursday 22 Aug 2024
(Sharecast News) - Boston Federal Reserve president Susan Collins suggested on Thursday that it would soon be appropriate for the Fed to initiate a cycle of interest rate cuts, indicating her likely s... Read More
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UK private sector activity hits four-month high
Thursday 22 Aug 2024
(Sharecast News) - Activity in the UK's private sector hit a four-month high in August, according to a survey released on Thursday. Read More
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FCA tells insurers to better ensure they deliver consumer value
Wednesday 21 Aug 2024
(Sharecast News) - The Financial Conduct Authority (FCA) issued a warning to insurers and brokers on Wednesday, urging them to ensure that their products provided fair value and good outcomes for cust... Read More
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CMA cans Apple, Google app market probes ahead of new regulation
Wednesday 21 Aug 2024
(Sharecast News) - The Competition and Markets Authority (CMA) has closed its investigations into Google's Play Store and Apple's App Store, it announced on Wednesday, shifting its focus to the forthc... Read More
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China launches probe into EU dairy subsidies
Wednesday 21 Aug 2024
(Sharecast News) - China launched an anti-subsidy investigation into dairy products imported from the European Union on Wednesday, intensifying trade tensions between Beijing and Brussels. Read More
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UK borrowing higher than expected in July
Wednesday 21 Aug 2024
(Sharecast News) - Government borrowing was higher than expected in July, according to figures released on Wednesday by the Office for National Statistics. Read More
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Gold prices hit fresh highs amid US rate cut expectations
Tuesday 20 Aug 2024
(Sharecast News) - Gold prices hit a new all-time high on Tuesday amid growing expectations of US rate cuts in September and after the People's Bank of China issued new import quotas. Read More
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Sweden's Riksbank cuts rates by 25 basis points
Tuesday 20 Aug 2024
(Sharecast News) - Sweden's Riksbank cut its benchmark rate by 25 basis points on Tuesday to 3.5%, as widely expected. Read More
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New buyer numbers surge after Bank Rate cut, says Rightmove
Monday 19 Aug 2024
(Sharecast News) - This month's interest rate cut has provided a much-needed catalyst to the UK housing market, with the number of buyers rising by nearly a fifth, according to Rightmove. Read More
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BoE appoints Alan Taylor as new rate setter
Friday 16 Aug 2024
(Sharecast News) - The Bank of England announced on Friday that it has appointed Professor Alan Taylor as member of the Monetary Policy Committee, replacing Jonathan Haskel. Read More
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