Economic News
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UK regular pay rises at fastest rate seen outside of pandemic
Tuesday 14 Feb 2023
(Sharecast News) - Regular pay in the UK grew more than expected in the final three months of last year, but real pay kept falling, according to data released on Tuesday by the Office for National Sta... Read More
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UK city-centre retail footfall up after train strikes
Monday 13 Feb 2023
(Sharecast News) - UK city-centre retail footfall rose last week as employees returned to offices following train strikes the week previous, according to a weekly survey. Read More
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EU economy to avoid recession this year, says European Commission
Monday 13 Feb 2023
(Sharecast News) - The European Commission lifted its growth forecasts on Monday as it said the European Union and the eurozone were set to "narrowly avoid" a technical recession this year. Read More
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Rail union to recommend pay offer - report
Friday 10 Feb 2023
(Sharecast News) - Britain is reportedly nearing a breakthrough with a major rail union in an attempt to end persistent train strikes that started last summer. Read More
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Russia to cut oil output by 500,000 barrels a day
Friday 10 Feb 2023
(Sharecast News) - Russia said on Friday that it will oil production by 500,000 barrels a day next month in retaliation against Western sanctions over the war in Ukraine. Read More
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UK trade deficit widens
Friday 10 Feb 2023
(Sharecast News) - The UK trade deficit widened sharply in December, official data showed on Friday, following a spike in gas prices. Read More
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UK narrowly avoids technical recession
Friday 10 Feb 2023
(Sharecast News) - The UK has narrowly avoided recession, official data showed on Friday, after the economy stagnated in the last quarter of 2022. Read More
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China CPI ticks higher in January
Friday 10 Feb 2023
(Sharecast News) - Consumer price inflation in China ticked up in January as the country reopened after more than two years of Covid restrictions, according to figures released on Friday by the Nation... Read More
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Deliveroo to axe 350 jobs
Thursday 09 Feb 2023
(Sharecast News) - Food delivery company Deliveroo said on Thursday that it was planning to cut around 9% of its workforce, or 350 jobs, amid a slowdown in demand due to the cost-of-living crisis. Read More
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Sunak to meet business leaders on Friday to discuss trade issues - report
Thursday 09 Feb 2023
(Sharecast News) - Prime minister Rishi Sunak will reportedly hold talks on Friday with executives from some of the world's biggest companies as he seeks fresh ideas to boost Britain's economic prospe... Read More
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FRC head to chair HS2 - report
Thursday 09 Feb 2023
(Sharecast News) - The chief executive of the Financial Reporting Council is being lined up as the next chair of the High Speed 2 rail link, it was reported on Thursday. Read More
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Inflation 'guaranteed' to fall this year - Bank of England
Thursday 09 Feb 2023
(Sharecast News) - The governor of the Bank of England has told lawmakers inflation has likely "turned a corner" and would continue falling throughout 2023. Read More
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England and Wales house prices rise modestly in January
Thursday 09 Feb 2023
(Sharecast News) - House prices in England and Wales rose modestly in January, despite the drag from prices in Greater London, the results of a closely followed survey revealed. Read More
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UK house prices continue to soften
Thursday 09 Feb 2023
(Sharecast News) - The UK house market continued to falter last month, industry research showed on Thursday, as prices and sales both fell in response to higher mortgage costs. Read More
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UK to narrowly avoid recession despite cost-of-living hit - NIESR
Wednesday 08 Feb 2023
(Sharecast News) - The UK will narrowly avoid recession, a think tank forecast on Wednesday, but warned it would still feel like one for millions as the cost-of-living crisis continues to bite. Read More
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UK house prices stabilise in January - Halifax
Tuesday 07 Feb 2023
(Sharecast News) - UK house prices stabilised in January following four months of falls, according to a survey released on Tuesday by mortgage lender Halifax. Read More
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German industrial production falls more than expected
Tuesday 07 Feb 2023
(Sharecast News) - German industrial production fell much more than expected in December, according to figures released by Destatis on Tuesday. Read More
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UK retail sales start new year on back foot
Tuesday 07 Feb 2023
(Sharecast News) - UK retail sales growth slowed last month, industry data showed on Tuesday, as the festive boost faded. Read More
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Liberum downgrades Taylor Wimpey on valuation grounds
Monday 06 Feb 2023
(Sharecast News) - Liberum downgraded Taylor Wimpey on Monday as it took a look at the UK housebuilding sector. Read More
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Eurozone retail sales fall more than expected in December
Monday 06 Feb 2023
(Sharecast News) - Eurozone retail sales fell a little more than expected in December, according to figures released on Monday by Eurostat. Read More
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