Economic News
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Eurozone construction new orders fall 'markedly' - PMI survey
Thursday 05 Sep 2024
(Sharecast News) - Construction activity in the eurozone remained in the doldrums during August with a sharp fall in new orders and rising prices causing concern as employers laid off staff, according... Read More
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Bank of Canada cuts rates for third time in a row, to 4.25%
Wednesday 04 Sep 2024
(Sharecast News) - The Bank of Canada cut its benchmark rate on Wednesday to 4.25% from 4.5%, in line with economists' expectations, amid easing inflationary pressures. Read More
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UK regulator mulling cut to fraud refund cap after industry pressure
Wednesday 04 Sep 2024
(Sharecast News) - The UK's payments regulator has proposed slashing the maximum amount banks and fintechs would have to reimburse fraud victims after industry pressure to review the cap. Read More
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FCA encourages account providers to do more to support vulnerable customers
Wednesday 04 Sep 2024
(Sharecast News) - Financial watchdog The Financial Conduct Authority has encouraged account providers to do more to support those who want a bank account but don't have one, such as working with home... Read More
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Service activity boosts eurozone private sector in August
Wednesday 04 Sep 2024
(Sharecast News) - The eurozone's private sector experienced its fastest growth in three months during August, driven by a stronger services sector, according to the latest Hamburg Commercial Bank (HC... Read More
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UK business activity picks up at fastest pace since April
Wednesday 04 Sep 2024
(Sharecast News) - Business activity in the UK picked up in August at its fastest pace since April, according to a survey released on Wednesday. Read More
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Food spend drives retail sales growth in August, but consumers still cautious
Tuesday 03 Sep 2024
(Sharecast News) - Retail sales were higher than last year in August despite already strong comparatives in 2023, though growth was relatively subdued amid a "challenging" environment that's likely to... Read More
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UK manufacturing sector grows at fastest pace in more than two years
Monday 02 Sep 2024
(Sharecast News) - UK manufacturing activity grew at its fastest pace in more than two years in August, according to a survey released on Monday. Read More
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China's manufacturing sector returns to growth in August - Caixin
Monday 02 Sep 2024
(Sharecast News) - Manufacturing activity in China returned to growth in August, according to a private survey released on Monday. Read More
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UK mortgage approvals hit 22-month high as lending rises
Friday 30 Aug 2024
(Sharecast News) - Approvals and borrowing for mortgages in the UK rose to their highest levels in nearly two years in July, according to data from the Bank of England on Friday. Read More
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UK house prices unexpectedly dip in August - Nationwide
Friday 30 Aug 2024
(Sharecast News) - UK house prices unexpectedly dipped on the month in August, but rose at their fastest annual pace since December 2022, according to figures released by Nationwide on Friday. Read More
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Retail footfall resilient in August despite riot disruption
Friday 30 Aug 2024
(Sharecast News) - Retail footfall across the UK experienced a slight decline of 0.4% year-on-year in August, according to fresh BRC-Sensormatic IQ data released on Friday morning. Read More
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UK car production slumps in July as changeovers and supply chain woes weigh
Thursday 29 Aug 2024
(Sharecast News) - UK car production slumped 14.4% in July, according to the Society of Motor Manufacturers and Traders, with a total of 65,478 vehicles rolling off factory lines last month as model c... Read More
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UK's FCA to probe pure protection insurance market
Wednesday 28 Aug 2024
(Sharecast News) - Britain's financial watchdog has started a probe into so-called "pure protection" insurance policies over concerns that companies may be ripping off vulnerable customers. Read More
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UK house prices rise 1.4pc in July
Wednesday 28 Aug 2024
(Sharecast News) - UK house prices bounced back in July following a drop in June, according to property website operator Zoopla, aided by a continued jump in demand and increased home stock. Read More
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German consumer sentiment to deteriorate in September - GfK
Tuesday 27 Aug 2024
(Sharecast News) - German consumer sentiment is expected to deteriorate sharply in September, according to a survey released on Tuesday by GfK and the Nuremberg Institute for Market Decisions (NIM). Read More
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Shop prices fall for the first time since late 2021
Tuesday 27 Aug 2024
(Sharecast News) - Shop prices in the UK in August experienced deflation for the first time since October 2021, according to fresh data released on Tuesday, with a decrease of 0.3%. Read More
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Ofwat confirms Thames Water actions after firm's credit downgrade
Friday 23 Aug 2024
(Sharecast News) - Water regulator Ofwat confirmed the immediate implementation of new measures on Friday, to address Thames Water's recent loss of its investment-grade credit ratings. Read More
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UK household energy bills to rise 10pc in October
Friday 23 Aug 2024
(Sharecast News) - UK household energy bills will rise by £149 in October as part of industry watchdog Ofgem's new price cap. Read More
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UK consumer confidence holds steady, but personal finance expectations
Friday 23 Aug 2024
(Sharecast News) - Consumer confidence in the UK remained stable in August, according to a closely watched GfK survey, as improving sentiment towards personal finances was offset by the first fall in ... Read More
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