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Economic news

Business confidence falls to lowest level since financial crisis, survey reveals

Business confidence falls to lowest level since financial crisis, survey reveals

Mon, 26 September 2016

(ShareCast News) - Confidence in Britain's financial services sector has fallen to the lowest level since the financial crisis in 2009, according to a survey on Monday. Optimism among financial servic... [more]

German business confidence hits highest level since May 2014

German business confidence hits highest level since May 2014

Mon, 26 September 2016

(ShareCast News) - German business confidence rose to its highest level since May 2014 in September, according to a widely-followed survey. The Ifo Institute's business climate index rose to 109.5 in ... [more]

Three quarters of UK companies mulling moving out of UK, survey says

Three quarters of UK companies mulling moving out of UK, survey says

Mon, 26 September 2016

(ShareCast News) - More than 75% of British business leaders have said they are pondering moving their businesses overseas because of the EU referendum, a survey has found. The research, by advisory f... [more]

UK inflation expectations dip in September

UK inflation expectations dip in September

Fri, 23 September 2016

(ShareCast News) - Inflation expectations in the UK slipped in September, the latest reading on a widely-followed gauge revealed. Looking out over the next 12 months, expectations for the rate of chan... [more]

Tourism in the UK flourishes after Brexit vote

Tourism in the UK flourishes after Brexit vote

Fri, 23 September 2016

(ShareCast News) - Britain faced an influx of foreign visitors in July while holidaymakers going overseas opted to spend less, according to the Office for National Statistics (ONS). Around 3..07m visi... [more]

Treasury Minister Jim O'Neill resigns

Fri, 23 September 2016

(ShareCast News) - Former Goldman Sachs chief economist Jim O'Neill stepped down from his post as Treasury minister and conservative whip after reported tensions with Prime Minister Theresa May. O'Nei... [more]

CEO of London Stock Exchange says 100,000 jobs could be lost if clearing leaves London

Fri, 23 September 2016

(ShareCast News) - Chief Executive of London Stock Exchange Xavier Rolet said 100,000 jobs would be at risk if clearing leaves the UK in an interview with Bloomberg. "We estimate, conservatively, that... [more]

Markit's flash US manufacturing PMI eases more than expected

Fri, 23 September 2016

(ShareCast News) - Activity in the US manufacturing sector eased more than expected in September, according to data released on Friday. Markit's flash US manufacturing purchasing managers' index fell ... [more]

Finance job vacancies fall 10% in England in wake of Brexit uncertainty

Fri, 23 September 2016

(ShareCast News) - Financial jobs in England have fallen 10% since the country voted to leave the European Union amid concerns over passporting rights and access to the single market post-Brexit, a th... [more]

Boris Johnson berated over Article 50 claim

Fri, 23 September 2016

(ShareCast News) - Boris Johnson has been berated over his claim that Article 50 would be triggered in early 2017 and that Brexit negotiations could be completed within two years. The Foreign secretar... [more]

BoE's Forbes unconvinced of need for further stimulus

Thu, 22 September 2016

(ShareCast News) - Britain's economy did not need further stimulus at present, a top official from the Bank of England said. The initial impact on activity from the referendum vote had been "less stor... [more]

US existing home sales unexpectedly decline in August

Thu, 22 September 2016

(ShareCast News) - Sales of existing US homes unexpectedly declined again in August, according to data from the National Association of Realtors. Sales fell 0.9% to a seasonally-adjusted annual rate o... [more]

UK manufacturing output increases, CBI Industrial Trends survey finds

Thu, 22 September 2016

(ShareCast News) - UK manufacturing output continued to grow at a "solid" rate in recent weeks, according to the CBI's monthly industrial trends survey that also indicated the sector's confidence had ... [more]

Women work four years more than men during their lifetime

Thu, 22 September 2016

(ShareCast News) - Women around the world spend an extra month more every year working on paid and unpaid labour than their male peers, according to a report by ActionAid. The report, "Not Ready, Stil... [more]

UK faces 'challenging period of uncertainty and adjustment' due to Brexit, says BoE

Thu, 22 September 2016

(ShareCast News) - The Bank of England (BoE) cautioned that the British economy faces "a challenging period of uncertainty and adjustment" in the wake of the Brexit result, which also does not mean th... [more]

Mortgage lending increases 7% in August, says CML

Thu, 22 September 2016

(ShareCast News) - Mortgage lending in the UK increased month-on-month in August, as fears over the fallout from the Brexit vote on the housing market proved to be "wide of the mark", the industry bod... [more]

British car production hits 14-year high

Thu, 22 September 2016

(ShareCast News) - UK car production rose to its highest output in 14 years in August, according to the Society of Motor Manufacturers and Traders (SMMT), thanks to higher domestic and overseas demand... [more]

Small business confidence falls first time since 2012

Thu, 22 September 2016

(ShareCast News) - Morale among small to medium sized businesses fell for the first time in four years, an industry body said on Thursday, due to concerns about the future of the British economy. A su... [more]

Fed stays put on rates, but amid divisions

Wed, 21 September 2016

(ShareCast News) - The US central bank kept its main policy rate unchanged, amid widening divisions among its top rate-setters. Rate-setters in Washington DC kept the target for the Fed funds rate at ... [more]

Brexit effects not felt yet in Britain, says ONS

Wed, 21 September 2016

(ShareCast News) - The impact of the UK's decision to leave the European Union has had little impact on the economy so far, according to the Office for National Statistics (ONS). The data agency said ... [more]

PRA warns against reserve releases by insurers to sustain earnings

Wed, 21 September 2016

(ShareCast News) - UK insurers should avoid the urge to cut prices due to the increased risks arising from the low interest rate environment, the Prudential Regulation Authority's boss reportedly said... [more]

European Commission sets out plans to scrap roaming charges

Wed, 21 September 2016

(ShareCast News) - The European Commission said on Wednesday that it now wants to abolish roaming fees entirely, having previously suggested a limit on free mobile phone roaming. The EC said there sho... [more]

OECD slashes UK growth forecast for 2017

Wed, 21 September 2016

(ShareCast News) - Forecasts for UK growth have been halved by the Organisation for Economic Cooperation and Development, as weak trade and "financial distortions" slow down global economic growth in ... [more]

MPC's Saunders sounds more optimistic note on economy after Brexit

Wed, 21 September 2016

(ShareCast News) - The Monetary Policy Committee's newest member said he no longer saw a need for an immediate interest rate hike, given that the pound had not weakened as much as he had anticipated f... [more]

UK public finances improve but fall short of OBR target

Wed, 21 September 2016

(ShareCast News) - UK public sector net borrowing fell in August, but is unlikely to meet government targets for debt reduction set in March's budget. Excluding public sector banks, PSNB of £10.5bn in... [more]