Economic News
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UK services sector contracts again in November
Monday 05 Dec 2022
(Sharecast News) - Activity in the UK services sector contracted again in November amid the fastest decline in new business volumes since January 2021, according to a survey released on Monday. Read More
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UK at risk of 'lost decade' as year-long recession looms - CBI
Monday 05 Dec 2022
(Sharecast News) - The UK faces a potential "lost decade", the Confederation of British Industry warned on Monday, as stagflation left the economy braced for a year-long recession in 2023. Read More
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UK November new car sales up 23.5% - SMMT
Monday 05 Dec 2022
(Sharecast News) - UK November new car registrations grew by more than a fifth year on year, the fourth successive increase, according to industry data released on Monday. Read More
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Eurozone sliding into recession as output contracts again
Monday 05 Dec 2022
(Sharecast News) - Economic activity in the eurozone contracted in November for the fifth month in a row, suggesting that the bloc is falling into recession, according to a survey released on Monday. Read More
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China services activity hits six-month low in November - Caixin
Monday 05 Dec 2022
(Sharecast News) - Activity in China's services sector shrank further in November, hitting a six-month low amid Covid restrictions, according to data released on Monday. Read More
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TotalEnergies cuts UK investment by £100m as windfall tax raised
Friday 02 Dec 2022
(Sharecast News) - France's TotalEnergies said it would cut investment in North Sea projects by 25% after the government raised a windfall tax on the sector. Read More
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FCA warns insurers over undervaluing payouts
Friday 02 Dec 2022
(Sharecast News) - The financial regulator has warned insurance firms against undervaluing cars and other insured items when making payouts. Read More
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Retail footfall stumbles ahead of festive trading - BRC
Friday 02 Dec 2022
(Sharecast News) - Retail footfall struggled in November, industry data showed on Friday, as the cost of living crisis dampened spending. Read More
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Black Friday helps boost high street sales - BDO
Friday 02 Dec 2022
(Sharecast News) - High street sales pushed higher last week, according industry data, after hard-pressed shoppers snapped up Black Friday bargains. Read More
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German exports and imports fall in October
Friday 02 Dec 2022
(Sharecast News) - Germany recorded a fall in both exports and imports in October, official data showed on Friday, leading to a larger-than-expected trade surplus. Read More
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Ofcom to probe firms over in-contract price hikes
Thursday 01 Dec 2022
(Sharecast News) - Ofcom has launched an industry-wide probe into how clearly phone and broadband firms explain in-contract price rises. Read More
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Eurozone unemployment nudges lower
Thursday 01 Dec 2022
(Sharecast News) - Unemployment across the eurozone nudged lower in October, official data showed on Thursday. Read More
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Eurozone manufacturing downturn eases in November
Thursday 01 Dec 2022
(Sharecast News) - The slowdown in eurozone manufacturing activity eased in November, according to a survey released on Thursday. Read More
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German retail sales fall 2.8% in October
Thursday 01 Dec 2022
(Sharecast News) - German retail sales fell a more-than-expected 2.8% in October compared with the previous month as consumers reined in discretionary spending, data showed on Thursday. Read More
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House prices fall at fastest rate since mid-2020
Thursday 01 Dec 2022
(Sharecast News) - UK house prices fell in November, a closely-watched survey showed on Thursday, as the fallout from the government's disastrous mini-budget continued to reverberate. Read More
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China factory activity shrinks again in November - Caixin
Thursday 01 Dec 2022
(Sharecast News) - Activity in China's manufacturing sector shrank again in November, according to data released on Thursday. Read More
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Black Friday boosts retail footfall
Thursday 01 Dec 2022
(Sharecast News) - Retail footfall sparked in November, industry data showed on Thursday - boosted by Black Friday - although it remains well below pre-pandemic levels. Read More
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Fed's Powell says rate hikes may slow, but path of inflation 'highly uncertain'
Wednesday 30 Nov 2022
(Sharecast News) - The head of the US central bank opened the door to a downshift in the pace of interest rate hikes as soon as December. Read More
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High Court sets date for Octopus takeover of Bulb
Wednesday 30 Nov 2022
(Sharecast News) - Octopus Energy's planned takeover of collapsed energy retailer Bulb was given the go-ahead by the High Court on Wednesday, as other suppliers rushed to try and block the sale. Read More
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US private sector hiring slows in November, ADP says
Wednesday 30 Nov 2022
(Sharecast News) - Hiring in the US slowed by more than expected in November, the results of a survey showed. Read More
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