Economic News
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UK private sector growth falls to 11-month low
Thursday 24 Oct 2024
(Sharecast News) - Private sector growth in the UK fell to an 11-month low in October ahead of the Budget, according to a survey released on Thursday. Read More
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Heathrow ups full-year passenger forecasts after bumper summer
Wednesday 23 Oct 2024
(Sharecast News) - Heathrow Airport reported a 12.6% increase in profit before tax to £696m for the first nine months of the year on Wednesday, driven by record passenger numbers during a bustling su... Read More
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IMF raises UK growth forecasts for 2024
Tuesday 22 Oct 2024
(Sharecast News) - The International Monetary Fund has upgraded its projections for UK economic growth for 2024 as falling inflation and interest rates stimulate domestic demand. Read More
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Reeves considering tax hike on Amazon, online retailers - reports
Tuesday 22 Oct 2024
(Sharecast News) - Chancellor of the Exchequer Rachel Reeves is considering a tax increase on large e-commerce companies like Amazon in her upcoming budget, according to reports on Tuesday, in a bid t... Read More
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Government spending third highest on record for September
Tuesday 22 Oct 2024
(Sharecast News) - The government borrowing figure for last month was the third-highest September figure since monthly records began in January 1993, according to data released on Tuesday by the Offic... Read More
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UK consumer confidence picks up in October
Monday 21 Oct 2024
(Sharecast News) - UK consumer confidence improved in October, according to fresh survey data released on Monday, with the S&P Global UK consumer sentiment index rising to 47.3, from 46.0 in September... Read More
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FCA fines VW Finance £5.4m for unfair customer treatment
Monday 21 Oct 2024
(Sharecast News) - The Financial Conduct Authority (FCA) has fined Volkswagen Financial Services UK £5.4m for failing to treat customers in financial difficulty fairly, it announced on Monday. Read More
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PBOC cuts benchmark lending rates as expected
Monday 21 Oct 2024
(Sharecast News) - The People's Bank of China said on Monday that it was cutting its two benchmark lending rates by 25 basis points. Read More
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Buyers' market as number of homes put up for sale soars - Rightmove
Monday 21 Oct 2024
(Sharecast News) - The number of homes being put up for sale surged in October, industry research showed on Monday, holding back selling prices. Read More
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Begbies Traynor says record number of UK firms in 'significant' distress
Friday 18 Oct 2024
(Sharecast News) - Begbies Traynor's latest 'Red Flag Alert' report, released on Friday, revealed a record number of UK businesses experiencing 'significant' financial distress, with 632,756 companies... Read More
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China's economic growth slows in third quarter
Friday 18 Oct 2024
(Sharecast News) - China's faltering economic growth slowed in the last quarter, official data released on Friday showed, although the slowdown was not as steep as feared. Read More
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UK retail sales beat expectations - ONS
Friday 18 Oct 2024
(Sharecast News) - UK retail sales ticked higher in September, beating expectations, as consumers splashed out on technology, official data showed on Friday. Read More
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US retail sales rise more than expected in September
Thursday 17 Oct 2024
(Sharecast News) - US retail sales rose more than expected in September, according to fresh data released on Thursday, driven by a broad-based increase across several sectors. Read More
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Turkish central bank holds rates at 50%
Thursday 17 Oct 2024
(Sharecast News) - Turkey's central bank said on Thursday that it was keeping interest rates steady at 50%, as widely expected. Read More
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ECB cuts rates to 3.25%, as expected
Thursday 17 Oct 2024
(Sharecast News) - The European Central Bank cut interest rates on Thursday for the third time this year, as expected. Read More
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Shares under pressure as government, FCA probe car insurance
Wednesday 16 Oct 2024
(Sharecast News) - Shares in UK motor insurance firms fell on Wednesday, after two investigations into the sector were announced simultaneously. Read More
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UK house price growth picks up as confidence returns
Wednesday 16 Oct 2024
(Sharecast News) - House price inflation in the UK accelerated in August, according to data from the Office for National Statistics on Wednesday, as buyer confidence returned to the market following t... Read More
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Supermarket sales spark as festive shopping gets underway
Wednesday 16 Oct 2024
(Sharecast News) - Supermarket sales sparked in September, industry data showed on Wednesday, as shoppers stocked up on Halloween treats and early Christmas bargains. Read More
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UK inflation drops below 2% for first time in three years
Wednesday 16 Oct 2024
(Sharecast News) - UK inflation dropped sharply in September to its lowest level in two and a half years, according to data from the Office for National Statistics on Wednesday, likely ramping up the ... Read More
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Ofwat to appoint independent monitor for Thames Water - reports
Tuesday 15 Oct 2024
(Sharecast News) - Ofwat is set to appoint LEK Consulting as an independent monitor of Thames Water, the UK's largest water utility, as it faced mounting financial and operational challenges, accordin... Read More
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