Economic News
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FCA tells insurers to better ensure they deliver consumer value
Wednesday 21 Aug 2024
(Sharecast News) - The Financial Conduct Authority (FCA) issued a warning to insurers and brokers on Wednesday, urging them to ensure that their products provided fair value and good outcomes for cust... Read More
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CMA cans Apple, Google app market probes ahead of new regulation
Wednesday 21 Aug 2024
(Sharecast News) - The Competition and Markets Authority (CMA) has closed its investigations into Google's Play Store and Apple's App Store, it announced on Wednesday, shifting its focus to the forthc... Read More
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China launches probe into EU dairy subsidies
Wednesday 21 Aug 2024
(Sharecast News) - China launched an anti-subsidy investigation into dairy products imported from the European Union on Wednesday, intensifying trade tensions between Beijing and Brussels. Read More
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UK borrowing higher than expected in July
Wednesday 21 Aug 2024
(Sharecast News) - Government borrowing was higher than expected in July, according to figures released on Wednesday by the Office for National Statistics. Read More
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Gold prices hit fresh highs amid US rate cut expectations
Tuesday 20 Aug 2024
(Sharecast News) - Gold prices hit a new all-time high on Tuesday amid growing expectations of US rate cuts in September and after the People's Bank of China issued new import quotas. Read More
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Sweden's Riksbank cuts rates by 25 basis points
Tuesday 20 Aug 2024
(Sharecast News) - Sweden's Riksbank cut its benchmark rate by 25 basis points on Tuesday to 3.5%, as widely expected. Read More
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New buyer numbers surge after Bank Rate cut, says Rightmove
Monday 19 Aug 2024
(Sharecast News) - This month's interest rate cut has provided a much-needed catalyst to the UK housing market, with the number of buyers rising by nearly a fifth, according to Rightmove. Read More
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BoE appoints Alan Taylor as new rate setter
Friday 16 Aug 2024
(Sharecast News) - The Bank of England announced on Friday that it has appointed Professor Alan Taylor as member of the Monetary Policy Committee, replacing Jonathan Haskel. Read More
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CMA identifies 'significant' concerns over infant formula market
Friday 16 Aug 2024
(Sharecast News) - The Competition and Markets Authority said on Friday that it will press ahead with its study of the infant formula and follow-on market after finding earlier this year that prices r... Read More
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Retail sales bounce back in July, boosted by Euros and discounts
Friday 16 Aug 2024
(Sharecast News) - Retail sales bounced back in July, albeit a touch less than expected, according to figures released on Friday by the Office for National Statistics. Read More
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UK economy grows 0.6% in second quarter
Thursday 15 Aug 2024
(Sharecast News) - The UK economy grew 0.6% in the second quarter, down slightly on 0.7% growth in the first quarter but in line with expectations, according to data released on Thursday by the Office... Read More
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UK economy grows 0.6% in second quarter
Thursday 15 Aug 2024
(Sharecast News) - The UK economy grew 0.6% in the second quarter, down slightly on 0.7% growth in the first quarter but in line with expectations, according to data released on Thursday by the Office... Read More
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UK house prices rise 2.7pc in June
Wednesday 14 Aug 2024
(Sharecast News) - UK house prices jumped 2.7% in June, according to the Office for National Statistics, unchanged from the prior month's revised estimate. Read More
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Inflation rises for first time since December
Wednesday 14 Aug 2024
(Sharecast News) - Consumer price inflation rose in July for the first time since December, albeit less than expected. Read More
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Grocery price inflation rises for first time since March 2023
Tuesday 13 Aug 2024
(Sharecast News) - Grocery price inflation in the UK has risen for the first time since March last year, according to fresh data from Kantar on Tuesday. Read More
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German business sentiment deteriorates sharply in August - ZEW
Tuesday 13 Aug 2024
(Sharecast News) - German business sentiment deteriorated sharply in August, according to a survey released on Tuesday. Read More
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Scotland-Yorkshire power link completes fast-track funding process
Tuesday 13 Aug 2024
(Sharecast News) - The Eastern Green Link 2 (EGL2), a major electricity transmission project connecting Scotland and Yorkshire, has become the first to complete Ofgem's fast-tracked funding process un... Read More
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UK unemployment rate falls unexpectedly, wage growth slows
Tuesday 13 Aug 2024
(Sharecast News) - The UK unemployment rate fell unexpectedly in June, according to figures on Tuesday by the Office for National Statistics. Read More
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Heathrow loses 90,000 transfer passengers due to ETA scheme
Monday 12 Aug 2024
(Sharecast News) - Britain's Heathrow Airport said on Monday that passenger numbers had fallen by 90,000 on certain routes following the introduction of a £10 electronic travel authorisation charge th... Read More
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BoE's Mann says wage growth still a concern for inflation - report
Monday 12 Aug 2024
(Sharecast News) - Catherine Mann, an external member of the Bank of England's monetary policy committee, has said the UK should not be "seduced" into thinking the battle against inflation is over aft... Read More
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