Economic News
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Budget weighs on UK house prices - Rightmove
Monday 18 Nov 2024
(Sharecast News) - UK house prices eased in November, industry research showed on Monday, as uncertainty around the Budget weighed on demand. Read More
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Ofgem green lights funding for £2bn undersea power cable
Friday 15 Nov 2024
(Sharecast News) - Britain's energy regulator has given the funding green light for a £2bn subsea and underground cable which transport electricity from wind farms in Scotland to the North East. Read More
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UK economic growth stalls in third quarter
Friday 15 Nov 2024
(Sharecast News) - The UK economy grew by 0.1% in the last quarter, official data showed on Friday, slightly below expectations. Read More
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Chinese retail sales beat forecasts
Friday 15 Nov 2024
(Sharecast News) - Retail sales jumped in China last month, official data showed on Friday, in contrast to the ongoing gloom surrounding the under-pressure property sector. Read More
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EU fines Meta EUR 798m over Facebook Marketplace competition concerns
Thursday 14 Nov 2024
(Sharecast News) - The European Union has imposed a €797.72m fine on Facebook's parent company Meta Platforms, it emerged on Thursday, after a detailed investigation into its Marketplace online ... Read More
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Chancellor to shake-up council pension schemes
Thursday 14 Nov 2024
(Sharecast News) - Rachel Reeves is to use her first Mansion House speech as chancellor to unveil a slew of reforms to UK pension rules. Read More
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House prices continue to climb - Rics
Thursday 14 Nov 2024
(Sharecast News) - UK house prices continued to rise in October, a closely-watched survey showed on Thursday, as the market benefited from lower borrowing costs. Read More
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Opus Energy agrees redress after 20 years of overcharging
Wednesday 13 Nov 2024
(Sharecast News) - Opus Energy has agreed to pay over £7m in compensation after overcharging nearly 88,000 business customers due to long-standing billing errors, Ofgem announced on Wednesday. Read More
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UK grocery sales growth eases with shoppers cautious ahead of Christmas
Wednesday 13 Nov 2024
(Sharecast News) - Grocery sales growth slowed slightly over the month of October as shoppers held back spend ahead of Black Friday and Christmas, according to data from consumer intelligence firm NIQ... Read More
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Festive shopping drives UK grocery sales to yearly high
Tuesday 12 Nov 2024
(Sharecast News) - UK grocery sales hit their highest levels in October, according to data out on Tuesday from market research firm Kantar, as the number of shopping trips hit a four-year high. Read More
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German economic sentiment deteriorates in November - ZEW
Tuesday 12 Nov 2024
(Sharecast News) - German business sentiment deteriorated in November, according to a survey released on Tuesday by the ZEW Center for European Economic Research in Mannheim. Read More
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UK unemployment rate ticks up, wage growth slows
Tuesday 12 Nov 2024
(Sharecast News) - UK unemployment ticked higher in the three months to September, while wage growth slowed, according to figures released on Tuesday by the Office for National Statistics. Read More
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Bitcoin tops $82,000 level in early Monday trading
Monday 11 Nov 2024
(Sharecast News) - Bitcoin has surged well past the $80,000 mark for the first time, propelled by investor optimism following Donald Trump's US election victory, with expectations that his administrat... Read More
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China unveils £1.1bn stimulus package
Friday 08 Nov 2024
(Sharecast News) - China unveiled its latest stimulus package on Friday, as it looked to tackle surging levels of local government debt and revive the country's flagging economy. Read More
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Bank of England cuts interest rates
Thursday 07 Nov 2024
(Sharecast News) - The Bank of England trimmed interest rates on Thursday for the second time this year, as widely expected. Read More
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Sweden cuts rates, Norway stands pat
Thursday 07 Nov 2024
(Sharecast News) - Sweden's central bank cut interest rates on Thursday, while Norway left them on hold. Read More
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UK house prices tick up to record high in October - Halifax
Thursday 07 Nov 2024
(Sharecast News) - UK house prices ticked up to a record high in October as mortgages became more affordable, according to data released on Thursday by lender Halifax. Read More
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Eurozone producer prices fall in September
Wednesday 06 Nov 2024
(Sharecast News) - Producer prices eased in the Eurozone in September, official data showed on Wednesday, in line with expectations. Read More
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UK construction growth slows as housebuilding declines
Wednesday 06 Nov 2024
(Sharecast News) - Activity in the UK construction sector expanded for the eighth straight month in October, though growth eased from a two-year high as uncertainty delayed spending decisions ahead of... Read More
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Boeing workers agree pay deal, end strike
Tuesday 05 Nov 2024
(Sharecast News) - Boeing's workforce ended a 53-day strike on Tuesday, after voting to accept a new labour agreement that included a 38% pay increase over four years and improved retirement contribut... Read More
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