Economic News
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UK service-sector growth slows to 11-month low
Tuesday 05 Nov 2024
(Sharecast News) - Service-sector growth in the UK eased to its lowest level in nearly a year in October as heightened uncertainty ahead of the Autumn Budget delayed spending decisions, according to S... Read More
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CMA says Vodafone-Three merger could proceed with remedies
Tuesday 05 Nov 2024
(Sharecast News) - The Competition and Markets Authority (CMA) provisionally indicated that the proposed merger between Vodafone and Three could move forward on Tuesday, if the companies implemented s... Read More
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RBA holds rates as inflationary pressures persist
Tuesday 05 Nov 2024
(Sharecast News) - The Reserve Bank of Australia (RBA) held its cash rate steady at 4.35% for an eighth consecutive meeting on Tuesday, maintaining restrictive monetary policy as it continued to battl... Read More
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China's services sector grows more than expected - Caixin
Tuesday 05 Nov 2024
(Sharecast News) - Activity in China's services sector picked up more than expected in October, according to a survey released on Tuesday. Read More
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Retail sales growth disappoints in October
Tuesday 05 Nov 2024
(Sharecast News) - UK retail sales saw a modest increase in October, rising by 0.6% year-on-year, according to fresh data from the British Retail Consortium and KPMG on Tuesday. Read More
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Thames Water creditors seek support for £1.5bn rescue fund
Monday 04 Nov 2024
(Sharecast News) - A coalition of Thames Water's creditors was reported to be seeking additional investors to support a £1.5bn rescue fund on Monday, aimed at stabilising the troubled water utility an... Read More
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UK manufacturing sector contracts in October
Friday 01 Nov 2024
(Sharecast News) - UK manufacturing activity contracted in October ahead of the Budget, according to a survey released on Friday. Read More
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House price growth slows in October - Nationwide
Friday 01 Nov 2024
(Sharecast News) - UK house price growth slowed in October, according to figures released on Friday by Nationwide. Read More
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UK retail footfall eases in October - BRC
Friday 01 Nov 2024
(Sharecast News) - UK retail footfall declined in October, industry data showed on Friday, reversing much of September's surprise uplift. Read More
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BoJ keeps benchmark policy rate unchanged
Thursday 31 Oct 2024
(Sharecast News) - The Bank of Japan kept its benchmark policy rate unchanged on Thursday at 0.25%, as widely expected. Read More
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Chancellor unveils £40bn of tax rises in first Budget
Wednesday 30 Oct 2024
(Sharecast News) - Chancellor Rachel Reeves unveiled £40bn of tax rises on Wednesday, as she used her long-awaited first Budget to launch a scathing attack the previous government's fiscal record. Read More
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Eurozone GDP surprises on the upside
Wednesday 30 Oct 2024
(Sharecast News) - Eurozone economic growth accelerated in the third quarter, official data showed on Wednesday, beating expectations. Read More
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German economy unexpectedly expands in Q3
Wednesday 30 Oct 2024
(Sharecast News) - The German economy unexpectedly expanded in the third quarter, avoiding a technical recession, according to figures released by Destatis on Wednesday. Read More
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Mortgage approvals hit fresh highs - Bank of England
Tuesday 29 Oct 2024
(Sharecast News) - UK mortgage approvals have climbed to their highest level since before 2022's disastrous mini Budget, official data showed on Tuesday. Read More
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German consumer sentiment set to improve - GfK
Tuesday 29 Oct 2024
(Sharecast News) - German consumer sentiment is expected to improve in November, according to a survey released on Tuesday by GfK and the Nuremberg Institute for Market Decisions (NIM). Read More
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UK shop price deflation accelerates in October
Tuesday 29 Oct 2024
(Sharecast News) - The British Retail Consortium has urged the chancellor to take action to keep prices low as data revealed that shop price deflation accelerated in October. Read More
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UK business confidence slips ahead of autumn budget
Monday 28 Oct 2024
(Sharecast News) - Business confidence in the UK fell to a four-month low this month ahead of chancellor Rachel Reeve's first budget statement this week. Read More
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Thames Water secures £3bn loan to see it through the next year
Friday 25 Oct 2024
(Sharecast News) - Thames Water secured a critical £3bn loan on Friday, to sustain operations through to October next year. Read More
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Consumer confidence falls slightly ahead of Budget
Friday 25 Oct 2024
(Sharecast News) - UK consumer confidence fell slightly in October, according to fresh survey results released on Friday, with GfK's consumer confidence index dropping one point to -21. Read More
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Intel wins 15-year legal battle over massive EU fine
Thursday 24 Oct 2024
(Sharecast News) - Intel emerged victorious in a lengthy legal battle with the European Union on Thursday, as the bloc's top court ruled in its favour, dismissing a €1.06bn antitrust fine. Read More
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