Economic News
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Faltering service sector weighs heavily on Eurozone
Wednesday 04 Dec 2024
(Sharecast News) - The Eurozone economy slipped into contraction in November, a closely-watched survey showed on Wednesday, after services output slumped. Read More
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China services growth eases in November - Caixin
Wednesday 04 Dec 2024
(Sharecast News) - Growth in China's services sector eased in November, according to data released on Wednesday. Read More
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Later Black Friday timing sees UK retail sales fall
Tuesday 03 Dec 2024
(Sharecast News) - Fresh retail sales data on Tuesday morning showed a sharp decline in sales in November, reflecting a challenging time for the retail sector due to the later timing of Black Friday. Read More
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UK manufacturing output falls to nine-month low
Monday 02 Dec 2024
(Sharecast News) - UK manufacturing activity fell to a nine-month low in November as new orders fell, according to a survey released on Monday. Read More
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Review could see UK data releases return to mid-morning
Monday 02 Dec 2024
(Sharecast News) - The UK government is poised to decide early next year whether to shift the release of key economic data to within financial market hours, it emerged on Monday, in response to concer... Read More
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High street sales plunge in "disastrous" November, BDO says
Monday 02 Dec 2024
(Sharecast News) - High street sales plunged in November, falling at their steepest levels in nearly four years, with retailers bracing for a tough Christmas selling period amid an atmosphere of "econ... Read More
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UK private sector braced for tough start to 2025 - CBI
Monday 02 Dec 2024
(Sharecast News) - UK companies expect 2025 to get off to a poor start, an industry survey showed on Monday, weighed down by rising labour costs and weak sentiment. Read More
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Global macro outlook "more uncertain", says Bank of England
Friday 29 Nov 2024
(Sharecast News) - The Bank of England has warned that the global economic outlook has become more uncertain and risks have increased, while a potential sharp correction in asset prices could hike the... Read More
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Mortgage approvals hit two-year high - Bank of England
Friday 29 Nov 2024
(Sharecast News) - Mortgage approvals hit a two-year high in October, Bank of England data showed on Friday, as the UK housing market continued to regain ground. Read More
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UK house prices to rise 2.5% in 2025, Zoopla says
Friday 29 Nov 2024
(Sharecast News) - Lower mortgage rates have supported a return to house price growth across every region of the UK, according to Zoopla, which has predicted a 2.5% increase in prices next year with b... Read More
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UK retail footfall tumbles in November - BRC
Friday 29 Nov 2024
(Sharecast News) - Retail footfall tumbled in November, industry data showed on Friday, hit by stormy weather, weak consumer confidence and tough comparatives. Read More
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French borrowing costs mount on budget tensions
Thursday 28 Nov 2024
(Sharecast News) - France's borrowing costs briefly topped those of Greece on Thursday, as political tensions around controversial budget plans mounted. Read More
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UK car production tumbles 15pc in October
Thursday 28 Nov 2024
(Sharecast News) - UK car manufacturing output declined 15.3% in October, with just 77,484 vehicles produced, marking the eighth consecutive month of contraction, according to data released on Thursda... Read More
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UK consumer sentiment remains weak - BRC
Thursday 28 Nov 2024
(Sharecast News) - UK consumer confidence remained largely unchanged following the Budget, a survey showed on Thursday, weighed down by ongoing concerns about the strength of the economy. Read More
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RMT accepts pay offer, settles tube dispute with TfL
Wednesday 27 Nov 2024
(Sharecast News) - The Rail, Maritime and Transport (RMT) union said it had settled its long running pay dispute with London Underground, calling the result a "substantial victory". Read More
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FCA fines former Wizz Air exec for secret trading
Wednesday 27 Nov 2024
(Sharecast News) - The Financial Conduct Authority said on Wednesday that it has fined András Sebők, former chief supply chain officer at Wizz Air, for trading company shares when he wasn't allow... Read More
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Supermarket loyalty pricing not disadvantaging consumers - CMA
Wednesday 27 Nov 2024
(Sharecast News) - The Competition and Markets Authority (CMA) published its findings on loyalty pricing in the UK grocery sector on Wednesday, concluding that such practices were not creating unfair ... Read More
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RBNZ lowers interest rate, tempers expectations for future cuts
Wednesday 27 Nov 2024
(Sharecast News) - The Reserve Bank of New Zealand lowered its official cash rate (OCR) by 50 basis points to 4.25% on Wednesday, marking its second consecutive half-point cut. Read More
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UK retailer sentiment falls at fastest pace in two years
Tuesday 26 Nov 2024
(Sharecast News) - UK retailer sentiment fell at the fastest pace in two years throughout November, according to the Confederation of British Industry. Read More
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UK shop price inflation slows further in November
Tuesday 26 Nov 2024
(Sharecast News) - Shop prices in the UK continued to decline in November, it was reported on Tuesday, but the rate of deflation slowed, signaling a potential shift in inflationary trends. Read More
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