Economic News
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CMA identifies 'significant' concerns over infant formula market
Friday 16 Aug 2024
(Sharecast News) - The Competition and Markets Authority said on Friday that it will press ahead with its study of the infant formula and follow-on market after finding earlier this year that prices r... Read More
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Retail sales bounce back in July, boosted by Euros and discounts
Friday 16 Aug 2024
(Sharecast News) - Retail sales bounced back in July, albeit a touch less than expected, according to figures released on Friday by the Office for National Statistics. Read More
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UK economy grows 0.6% in second quarter
Thursday 15 Aug 2024
(Sharecast News) - The UK economy grew 0.6% in the second quarter, down slightly on 0.7% growth in the first quarter but in line with expectations, according to data released on Thursday by the Office... Read More
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UK economy grows 0.6% in second quarter
Thursday 15 Aug 2024
(Sharecast News) - The UK economy grew 0.6% in the second quarter, down slightly on 0.7% growth in the first quarter but in line with expectations, according to data released on Thursday by the Office... Read More
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UK house prices rise 2.7pc in June
Wednesday 14 Aug 2024
(Sharecast News) - UK house prices jumped 2.7% in June, according to the Office for National Statistics, unchanged from the prior month's revised estimate. Read More
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Inflation rises for first time since December
Wednesday 14 Aug 2024
(Sharecast News) - Consumer price inflation rose in July for the first time since December, albeit less than expected. Read More
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Grocery price inflation rises for first time since March 2023
Tuesday 13 Aug 2024
(Sharecast News) - Grocery price inflation in the UK has risen for the first time since March last year, according to fresh data from Kantar on Tuesday. Read More
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German business sentiment deteriorates sharply in August - ZEW
Tuesday 13 Aug 2024
(Sharecast News) - German business sentiment deteriorated sharply in August, according to a survey released on Tuesday. Read More
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Scotland-Yorkshire power link completes fast-track funding process
Tuesday 13 Aug 2024
(Sharecast News) - The Eastern Green Link 2 (EGL2), a major electricity transmission project connecting Scotland and Yorkshire, has become the first to complete Ofgem's fast-tracked funding process un... Read More
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UK unemployment rate falls unexpectedly, wage growth slows
Tuesday 13 Aug 2024
(Sharecast News) - The UK unemployment rate fell unexpectedly in June, according to figures on Tuesday by the Office for National Statistics. Read More
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Heathrow loses 90,000 transfer passengers due to ETA scheme
Monday 12 Aug 2024
(Sharecast News) - Britain's Heathrow Airport said on Monday that passenger numbers had fallen by 90,000 on certain routes following the introduction of a £10 electronic travel authorisation charge th... Read More
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BoE's Mann says wage growth still a concern for inflation - report
Monday 12 Aug 2024
(Sharecast News) - Catherine Mann, an external member of the Bank of England's monetary policy committee, has said the UK should not be "seduced" into thinking the battle against inflation is over aft... Read More
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China CPI ticks up more than expected in July
Friday 09 Aug 2024
(Sharecast News) - Consumer price inflation accelerated more than expected in July, according to figures released on Friday by the National Bureau of Statistics. Read More
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UK housing market picks up as mortgage rate fall, RICS survey shows
Thursday 08 Aug 2024
(Sharecast News) - The UK house sales market turned a "bit sunnier" last month, according to the latest UK Residential Survey by the Royal Institution of Chartered Surveyors (RICS), with near-term sal... Read More
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Ofwat to appoint independent monitor to Thames Water
Wednesday 07 Aug 2024
(Sharecast News) - Ofwat said on Wednesday that it was looking to appoint a monitor to report on Thames Water's progress in turning the business around after the water company lost two investment grad... Read More
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UK house prices rise in July after three flat months - Halifax
Wednesday 07 Aug 2024
(Sharecast News) - UK house prices rose in July after three flat months, according to figures released on Wednesday by Halifax. Read More
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UK construction sector grows at fastest pace since May 2022
Tuesday 06 Aug 2024
(Sharecast News) - Activity in the UK construction sector grew in July at the fastest pace in 26 months, according to a survey released on Tuesday. Read More
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Ofwat slaps UK water firms with fines over historic sewage spills
Tuesday 06 Aug 2024
(Sharecast News) - Thames Water, Yorkshire Water and Northumbrian Water were all the subjects of Ofwat's ire on Tuesday as the water regulator looks to clean up the industry amid historic sewage spill... Read More
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Warm weather and food spend drive UK retail sales growth
Tuesday 06 Aug 2024
(Sharecast News) - UK retail sales returned to growth last month, following a slight dip in June, as increased food purchases and improved weather gave consumer spending a boost. Read More
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UK services sector growth accelerates in July
Monday 05 Aug 2024
(Sharecast News) - Growth in the UK services sector accelerated in July, with the strongest upturn in demand since May 2023, according to a survey released on Monday. Read More
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