Economic News
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Begbies Traynor says record number of UK firms in 'significant' distress
Friday 18 Oct 2024
(Sharecast News) - Begbies Traynor's latest 'Red Flag Alert' report, released on Friday, revealed a record number of UK businesses experiencing 'significant' financial distress, with 632,756 companies... Read More
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China's economic growth slows in third quarter
Friday 18 Oct 2024
(Sharecast News) - China's faltering economic growth slowed in the last quarter, official data released on Friday showed, although the slowdown was not as steep as feared. Read More
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UK retail sales beat expectations - ONS
Friday 18 Oct 2024
(Sharecast News) - UK retail sales ticked higher in September, beating expectations, as consumers splashed out on technology, official data showed on Friday. Read More
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US retail sales rise more than expected in September
Thursday 17 Oct 2024
(Sharecast News) - US retail sales rose more than expected in September, according to fresh data released on Thursday, driven by a broad-based increase across several sectors. Read More
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Turkish central bank holds rates at 50%
Thursday 17 Oct 2024
(Sharecast News) - Turkey's central bank said on Thursday that it was keeping interest rates steady at 50%, as widely expected. Read More
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ECB cuts rates to 3.25%, as expected
Thursday 17 Oct 2024
(Sharecast News) - The European Central Bank cut interest rates on Thursday for the third time this year, as expected. Read More
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Shares under pressure as government, FCA probe car insurance
Wednesday 16 Oct 2024
(Sharecast News) - Shares in UK motor insurance firms fell on Wednesday, after two investigations into the sector were announced simultaneously. Read More
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UK house price growth picks up as confidence returns
Wednesday 16 Oct 2024
(Sharecast News) - House price inflation in the UK accelerated in August, according to data from the Office for National Statistics on Wednesday, as buyer confidence returned to the market following t... Read More
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Supermarket sales spark as festive shopping gets underway
Wednesday 16 Oct 2024
(Sharecast News) - Supermarket sales sparked in September, industry data showed on Wednesday, as shoppers stocked up on Halloween treats and early Christmas bargains. Read More
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UK inflation drops below 2% for first time in three years
Wednesday 16 Oct 2024
(Sharecast News) - UK inflation dropped sharply in September to its lowest level in two and a half years, according to data from the Office for National Statistics on Wednesday, likely ramping up the ... Read More
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Ofwat to appoint independent monitor for Thames Water - reports
Tuesday 15 Oct 2024
(Sharecast News) - Ofwat is set to appoint LEK Consulting as an independent monitor of Thames Water, the UK's largest water utility, as it faced mounting financial and operational challenges, accordin... Read More
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Eurozone industrial production rebounds in August
Tuesday 15 Oct 2024
(Sharecast News) - Eurozone industrial production posted a robust 1.8% month-on-month increase in August, marking a significant rebound from the 0.5% contraction in July, according to fresh data from ... Read More
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China export and import growth slows further
Monday 14 Oct 2024
(Sharecast News) - China's exports and imports grew significantly less than expected in September, according to fresh data released on Monday. Read More
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UK trade balance widens in August - ONS
Friday 11 Oct 2024
(Sharecast News) - The UK's trade deficit widened in August, official data showed on Friday, after a jump in imports outstripped the rise in exports. Read More
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Sainsbury's slumps as Qatar Investment Authority places 109m shares
Friday 11 Oct 2024
(Sharecast News) - Sainsbury's slumped on Friday following reports that its biggest shareholder, Qatar Investment Authority, has placed 109m shares in the supermarket chain. Read More
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UK economy returns to growth in August
Friday 11 Oct 2024
(Sharecast News) - The UK economy returned to growth in August, according to figures released on Friday by the Office for National Statistics. Read More
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FCA fines TSB £10.9m over treatment of customers in arrears
Thursday 10 Oct 2024
(Sharecast News) - The Financial Conduct Authority (FCA) has fined TSB Bank £10.9m for failing to ensure fair treatment of customers in financial difficulty. Read More
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UK house prices push higher for first time since 2022
Thursday 10 Oct 2024
(Sharecast News) - House prices have risen across the UK for the first time in two years, a closely-watched survey showed on Thursday, as the market was buoyed by lower interest rates. Read More
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German government now projecting a second year of GDP contraction
Wednesday 09 Oct 2024
(Sharecast News) - Germany's economy is set to contract by 0.2% in 2024, marking the second consecutive year of shrinking output, according to a statement from the country's economy ministry on Wednes... Read More
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China to impose anti-dumping measures on EU brandy, drink stocks slump
Tuesday 08 Oct 2024
(Sharecast News) - Shares of European drinks makers slumped on Tuesday after China said it would impose provisional anti-dumping tariffs on brandy imported from the European Union this week. Read More
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