Economic News
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Amazon wins court battle over Luxembourg back taxes
Thursday 14 Dec 2023
(Sharecast News) - Luxembourg's Court of Justice of the European Union (CJEU) ruled on Thursday that Amazon does not have to pay €250m in back taxes to Luxembourg. Read More
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Norway's central bank hikes interest rates again
Thursday 14 Dec 2023
(Sharecast News) - Norway's central bank hiked rates again on Thursday, as it looked to combat inflation. Read More
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Outlook for UK housing market strengthens - RICS
Thursday 14 Dec 2023
(Sharecast News) - The UK housing market showed signs of stabilising in November, an industry survey showed on Thursday, although higher interest rates continued to weigh heavily. Read More
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Swiss National Bank leaves rates on hold
Thursday 14 Dec 2023
(Sharecast News) - The Swiss National Bank kept its policy rate unchanged at 1.75% on Thursday, in line with expectations. Read More
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UK economy shrinks 0.3% in October
Wednesday 13 Dec 2023
(Sharecast News) - The UK economy unexpectedly shrank in October, with all three sectors contracting, according to figures released on Wednesday by the Office for National Statistics. Read More
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UK rail station caterers 'charging 10% premium' for food - ORR
Tuesday 12 Dec 2023
(Sharecast News) - Britain's railway station catering market is uncompetitive, stifling investment in stations and forcing passengers to at least 10% more for their sausage rolls and coffees, the indu... Read More
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New mortgage commitments tumble - BoE
Tuesday 12 Dec 2023
(Sharecast News) - New mortgage commitments tumbled in the third quarter, official data showed on Tuesday, as higher interest rates weighed on the UK housing market. Read More
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Germany investor sentiment strengthens - ZEW
Tuesday 12 Dec 2023
(Sharecast News) - Investor sentiment ticked higher in Germany this month, a closely-watched survey showed on Tuesday, despite the country's faltering economy. Read More
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Ofcom proposes ban on inflation-linked price rises
Tuesday 12 Dec 2023
(Sharecast News) - Telecom firms were in the red on Tuesday, as the sector's regulator proposed a ban on inflation-linked mid-contract price rises. Read More
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UK unemployment rate holds steady
Tuesday 12 Dec 2023
(Sharecast News) - The amount of people out of work remained unchanged in October, official data suggested on Tuesday, while wage growth cooled. Read More
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UK manufacturing sector sees output jump - Make UK
Monday 11 Dec 2023
(Sharecast News) - The UK manufacturing sector saw output surge in the fourth quarter, an industry survey showed on Monday, outpacing orders. Read More
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House prices dip in December - Rightmove
Monday 11 Dec 2023
(Sharecast News) - The UK housing market showed tentative signs of stabilising in December, industry research suggested on Monday, despite a further slide in house prices. Read More
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UK economy to stagnate in 2024 - CBI
Monday 11 Dec 2023
(Sharecast News) - UK economic growth is likely to remain tepid next year, the Confederation of British Industry warned on Monday, as higher interest rates continue to hit home. Read More
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Nationwide hands redundancy notices to nearly 500 staff
Friday 08 Dec 2023
(Sharecast News) - Nationwide Building Society has told 470 of its staff that they are at risk of redundancy, it emerged on Friday. Read More
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US consumer sentiment improves in December
Friday 08 Dec 2023
(Sharecast News) - US consumer sentiment improved in December as worries about inflation receded, according to a survey released on Friday by the University of Michigan. Read More
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Non-farm payrolls rise more than expected in November
Friday 08 Dec 2023
(Sharecast News) - The US economy added more jobs than expected in November, according to data released on Friday by the Bureau of Labor Statistics. Read More
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CMA invites comments on Microsoft-OpenAI partnership
Friday 08 Dec 2023
(Sharecast News) - The Competition and Markets Authority initiated a public consultation to gather opinions on the partnership between Microsoft and OpenAI on Friday. Read More
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Recruitment slumps on weaker economic backdrop
Friday 08 Dec 2023
(Sharecast News) - Recruitment fell sharply in November, an industry survey showed on Friday, as economic uncertainty saw employers cut back on hiring. Read More
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FCA sets out new rules to prevent fully cashless society
Thursday 07 Dec 2023
(Sharecast News) - The Financial Conduct Authority (FCA) has declared that certain banks and building societies will still need to hold cash despite the UK's continuing shift to digital payments. Read More
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Eurozone economy stalls in third quarter
Thursday 07 Dec 2023
(Sharecast News) - Europe's economy stalled in the third quarter, official data showed on Thursday, leaving it a risk of recession. Read More
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