Economic News
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UK govt abandons NatWest share sale; to hold Budget Oct 30
Monday 29 Jul 2024
(Sharecast News) - The UK government has abandoned a plan to sell its remaining stake in NatWest Bank to the public, said Finance Minister Rachel Reeves, who added that she would hold deliver a Budget... Read More
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Evri planning to add 9,000 jobs under new ownership
Monday 29 Jul 2024
(Sharecast News) - Parcel delivery firm Evri announced plans to hire 9,000 new workers on Monday, in response to surging online shopping demand. Read More
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UK mortgage approvals edge lower
Monday 29 Jul 2024
(Sharecast News) - Mortgage approvals in the UK fell marginally in June as the upwards momentum seen earlier this year continues to tail off, though there are signs that the housing market is beginnin... Read More
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UK job vacancies drop almost 20pc despite economic growth
Monday 29 Jul 2024
(Sharecast News) - The UK job market saw a downturn in June, with job vacancies plummeting by almost a fifth - 19.49% - according to fresh data on Monday, suggesting that recent economic growth had no... Read More
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Drivers pay £1.6bn too much in weak petrol market - CMA
Friday 26 Jul 2024
(Sharecast News) - The Competition and Markets Authority (CMA) reported on Friday that weakened competition among fuel retailers had led to UK drivers paying over £1.6bn more than they should have in... Read More
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HSBC, Lloyds among banks found in violation of CMA rules
Thursday 25 Jul 2024
(Sharecast News) - Four major high street banks - HSBC, Lloyds, TSB, and Allied Irish Banks (AIB) - have been found in violation of rules set by the Competition and Markets Authority (CMA), it emerged... Read More
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UK car production falls in June as manufacturers retool
Thursday 25 Jul 2024
(Sharecast News) - Automobile output in the UK fell in June as carmakers retooled lines to produce electrified models, a business lobby group said. Read More
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German business sentiment deteriorates in July - Ifo
Thursday 25 Jul 2024
(Sharecast News) - German business sentiment unexpectedly deteriorated in July, according to a survey released on Thursday by the Ifo Institute. Read More
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UK private sector expands as new business growth accelerates
Wednesday 24 Jul 2024
(Sharecast News) - Private-sector activity in the UK has expanded for the ninth straight month, with new business growth at its highest level in more than a year, according to the composite purchasing... Read More
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Global IT systems crash after CrowdStrike update hits Microsoft
Friday 19 Jul 2024
(Sharecast News) - Thousands of businesses around the world were thrown into disarray on Friday after a software update from cybersecurity firm CrowdStrike led to Microsoft-run system crashes at airli... Read More
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UK consumer confidence subdued - GfK
Friday 19 Jul 2024
(Sharecast News) - Consumer confidence remained subdued in July, a long-running survey showed on Friday, as people adopted a "wait and see" approach following the general election result. Read More
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UK retail sales slide in June - ONS
Friday 19 Jul 2024
(Sharecast News) - UK retail sales fell by more than expected in June, official data showed on Friday, partially reversing May's jump. Read More
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Government borrowing higher than forecast in June - ONS
Friday 19 Jul 2024
(Sharecast News) - Public sector borrowing came in higher than expected in June, official data showed on Friday. Read More
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House purchases delayed as BoE's CHAPS system hit
Thursday 18 Jul 2024
(Sharecast News) - The Bank of England said on Thursday that its CHAPS service has been hit by a global payments issue, delaying some high value and time-sensitive payments, including house purchases. Read More
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UK wage growth eases, vacancies fall
Thursday 18 Jul 2024
(Sharecast News) - UK wages grew at their slowest pace in nearly two years in the three months to May, according to figures released on Thursday by the Office for National Statistics. Read More
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UK house price growth accelerates, rent inflation stays elevated
Wednesday 17 Jul 2024
(Sharecast News) - The annual increase in UK house prices accelerated sharply in May, while rent inflation stayed close to multi-year highs, according to the latest data released on Wednesday by the O... Read More
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EZ June inflation confirmed at 2.5%
Wednesday 17 Jul 2024
(Sharecast News) - Inflation in the eurozone fell to 2.5% in June from 2.6% in May, in line with the flash estimate published on July 2, according to official data published on Wednesday. Read More
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UK inflation holds steady at 2%
Wednesday 17 Jul 2024
(Sharecast News) - UK inflation was unchanged in June, official data showed on Wednesday, in line with the Bank of England's target. Read More
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Euros see supermarket sales grow despite poor weather
Tuesday 16 Jul 2024
(Sharecast News) - Take-home sales at supermarkets rose by 2.2% over the four weeks ended 7 July, according to fresh industry data released on Tuesday, driven by summer events and evolving consumer pr... Read More
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German economic outlook deteriorates for first time in a year - ZEW
Tuesday 16 Jul 2024
(Sharecast News) - The economic outlook in Germany deteriorated in July for the first time in a year, according to a survey released on Tuesday by the ZEW Center for European Economic Research in Mann... Read More
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