Economic News
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Shell to pay $2bn in windfall tax in Q4
Friday 06 Jan 2023
(Sharecast News) - Oil giant Shell said on Friday that it expects to pay $2bn in windfall tax for the final quarter of 2022. Read More
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Bed Bath & Beyond considers bankruptcy, shares tumble
Thursday 05 Jan 2023
(Sharecast News) - Shares in Bed Bath & Beyond tanked on Thursday after the retailer said it was considering bankruptcy. Read More
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New strike laws set to ensure 'minimum service levels'
Thursday 05 Jan 2023
(Sharecast News) - New laws aimed at castrating the ability of unions to cause widespread disruption look set to be brought forward by the government, it was revealed on Thursday. Read More
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UK govt reverses plan to sell Channel 4
Thursday 05 Jan 2023
(Sharecast News) - The UK government has performed yet another u-turn and formally abandoned controversial and unpopular plans to privatise the broadcaster Channel 4. Read More
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US private sector adds more jobs than expected in December
Thursday 05 Jan 2023
(Sharecast News) - Private sector employment in the US rose more than expected in December, according to the latest data from ADP. Read More
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UK new car registrations hit lowest level since 1992
Thursday 05 Jan 2023
(Sharecast News) - UK new car registrations fell last year amid supply chain shortages, according to figures released on Thursday by the Society of Motor Manufacturers and Traders. Read More
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UK services sector remains in contraction territory
Thursday 05 Jan 2023
(Sharecast News) - The UK services sector remained in contraction territory at the end of last year, according to a survey released on Thursday. Read More
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China Caixin services PMI rises in December but remains in contraction
Thursday 05 Jan 2023
(Sharecast News) - Activity in China's services sector improved in December, but remained in contraction territory. Read More
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Mini-budget fallout sees mortgage approvals slide further
Wednesday 04 Jan 2023
(Sharecast News) - Mortgage approvals in Britain plunged much more than expected in November, according to fresh data on Wednesday, as the fallout from the ill-fated mini-budget of the short-lived Tru... Read More
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EZ final PMI contracts less than expected
Wednesday 04 Jan 2023
(Sharecast News) - Eurozone business activity contracted less than initially thought in December, according to a final PMI survey reading released on Wednesday. Read More
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Take home grocery sales top £12bn in December as retail inflation slows
Wednesday 04 Jan 2023
(Sharecast News) - Take-home grocery sales hit £12.8bn over the four weeks ended 25 December, according to Kantar, the first time in history that sales have breached the £12.0bn mark. Read More
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UK retail footfall slumps in week following Christmas
Tuesday 03 Jan 2023
(Sharecast News) - UK retail footfall slumped last week, according to retail experts Springboard, even as retailers benefitted from increased footfall each day from Boxing Day to 29 December. Read More
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UK house price growth slows to 14-year low in December
Friday 30 Dec 2022
(Sharecast News) - UK house price growth decelerated at pace in December, according to lender Nationwide, with prices delivering their worst performance since the Global Financial Crisis. Read More
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Japan, Taiwan to test China arrivals as Covid cases surge
Wednesday 28 Dec 2022
(Sharecast News) - The Japan and Taiwan have announced measures on Wednesday to deal with an expected influx of travellers from China after Beijing said it planned to relax Covid border controls amid ... Read More
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UK retail footfall surges on Boxing Day
Wednesday 28 Dec 2022
(Sharecast News) - UK retail footfall surged 33.8% on Boxing Day, with high streets and central London leading the charge. Read More
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Core inflation reaches four-decade high in Japan
Friday 23 Dec 2022
(Sharecast News) - Fresh data out of Japan showed core consumer prices rising at their fastest rate in more than 40 years on Friday, in an economy notorious for its usual lack of inflationary pressure... Read More
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Rail fares to rise by nearly 6% in March
Thursday 22 Dec 2022
(Sharecast News) - Rail fares are set to rise by 5.9% next year in what will be the biggest increase in a decade. Read More
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UK economy contracts more than first estimated in Q3
Thursday 22 Dec 2022
(Sharecast News) - The UK economy contracted more than first estimated in the three months to September as household incomes fell, according to figures released on Thursday by the Office for National ... Read More
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UK housing market falters as demand tumbles
Thursday 22 Dec 2022
(Sharecast News) - House prices continued to rise in November, an industry survey showed on Thursday, but demand tumbled as nervous buyers put purchases on hold. Read More
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Retail sales pick up in December but cheer not expected to last
Wednesday 21 Dec 2022
(Sharecast News) - UK retail sales unexpectedly picked up in the run-up to Christmas, according to the latest Distributive Trades Survey from the Confederation of British Industry. Read More
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