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Economic news

London close: FTSE fends of Brexit nerves to end Wednesday higher

London close: FTSE fends of Brexit nerves to end Wednesday higher

Wed, 29 March 2017

(ShareCast News) - Equities in London fended off Brexit jitters to close higher, having overcome some softness seen around the time Prime Minister Theresa May fired the starting gun on UK divorce talk... [more]

US pending home sales rise much more than expected

US pending home sales rise much more than expected

Wed, 29 March 2017

(ShareCast News) - US pending home sales rose a lot more than expected in February, according to data from the National Association of Realtors. The NAR's monthly index rose 5.5% to 112.3 from 106.4 i... [more]

Brexit roundup: UK fires starting gun as May outlines aims for talks

Brexit roundup: UK fires starting gun as May outlines aims for talks

Wed, 29 March 2017

(ShareCast News) - Britain formally fired the starting gun on Brexit as European Council President Donald Tusk confirmed he had received formal notice of the UK's intention to leave the European Union... [more]

Ofcom demands changes to BBC broadcasting output

Ofcom demands changes to BBC broadcasting output

Wed, 29 March 2017

(ShareCast News) - Ofcom, which on Monday will become the first independent regulator of the BBC, has proposed a wide-ranging set of new rules for the public broadcaster, including imposing minimum qu... [more]

Markets generally unperturbed after UK activates Brexit talks with EU

Markets generally unperturbed after UK activates Brexit talks with EU

Wed, 29 March 2017

(ShareCast News) - Financial markets and assets appear generally unperturbed after Prime Minister Theresa May's well-flagged move to trigger formal Brexit talks with the European Union, apparently sha... [more]

'No flights' between UK and Europe from 2019 is possibility, warns Ryanair

Wed, 29 March 2017

(ShareCast News) - There could be no flights between the UK and Europe in the immediate aftermath of Britain exiting the European Union, according to one airline. On Tuesday, Theresa May signed the le... [more]

UK mortgage approvals dip in February

Wed, 29 March 2017

(ShareCast News) - UK mortgage approvals unexpectedly declined in February, according to figures released by the Bank of England. The number of new home loans approved fell to 68,315 from 69,114 in Ja... [more]

FX round-up: Sterling sold lower ahead of Article 50 as S.Africa's rand dives

Tue, 28 March 2017

(ShareCast News) - Sterling had a torrid time on key crosses Tuesday as a pall of pre-Brexit nerves again weighed on sentiment, although the British unit's downcast performance was well and truly outp... [more]

London close: Nothing much ado amid investor caution on Brexit-eve day

Tue, 28 March 2017

(ShareCast News) - Stocks in London drifted through Brexit-eve day to a positive bias as investors displayed caution ahead of Prime Minister Theresa triggering Article 50 of the Lisbon Treaty on Wedne... [more]

Commodities: Crude bounces back, but overall mood remains bearish

Tue, 28 March 2017

(ShareCast News) - Crude-oil futures are bouncing back on Tuesday afternoon after emerging from their lows of last week, but the overall mood towards the black liquid is considered to remain bearish. ... [more]

Scottish Parliament expected to back indyref2

Tue, 28 March 2017

(ShareCast News) - The Scottish Parliament is expected to back the Scottish Nationalist Party's motion to hold a second independence referendum within two years. The vote comes after a meeting with Pr... [more]

FX round-up: Sterling rides higher, seen by some as possibly undervalued

Mon, 27 March 2017

(ShareCast News) - Sterling posted robust gains on major crosses on Monday, in part due to a weaker dollar as traders pondered whether US President Donald Trump can deliver on his promises and also as... [more]

London close: FTSE falls on resources, financials as Trump's ability to deliver scrutinised

Mon, 27 March 2017

(ShareCast News) - Equities in London closed the day much lower with investors selling resources stocks and heading for gold on doubts about whether US President Donald Trump will be able to deliver o... [more]

Food industry calls on government to secure FTA before leaving EU

Mon, 27 March 2017

(ShareCast News) - Ahead of Prime Minister Theresa May triggering formal divorce proceedings with the European Union on Wednesday, industry bodies from the food sector have called on the government to... [more]

Opec, non-Opec states defer extension on cuts; Oil price slides

Mon, 27 March 2017

(ShareCast News) - Opec and non-Opec oil producers agreed to review whether a deal to throttle supply should be given a six month extension. In a statement released on Sunday, the Joint Ministerial Mo... [more]

Pro-Brexit think tank says UK should abandon customs union

Mon, 27 March 2017

(ShareCast News) - The UK should leave the European customs union entirely and avoid a "half-in, half-out, compromise a pro-Brexit think tank warned. Open Europe, a eurosceptic organisation, said it b... [more]

Bank of England stress tests to examine management execution

Mon, 27 March 2017

(ShareCast News) - In its 2017 stress test, the Bank of England UK banks will scrutinise the UK's biggest banks for their ability to cope with an interest rate hike and a seven-year continuation of th... [more]

German business confidence at highest since 2011

Mon, 27 March 2017

(ShareCast News) - German business confidence unexpectedly improved in March, according to a widely-followed survey. The Ifo's business climate index rose to 112.3 from 111.1 in February, beating ex... [more]

Brexit optimism waning: only 29% believe it will benefit economy

Mon, 27 March 2017

(ShareCast News) - British consumers increasingly believe the economy will be worse off after Brexit, with a new survey finding just 29% people feel separation from the European Union will have a posi... [more]

FirstGroup consortium wins UK's South Western rail franchise

Mon, 27 March 2017

(ShareCast News) - FirstGroup has won the seven-year contract from the UK Department for Transport to operate trains on the South Western rail franchise, with rival Stagecoach among those missing out.... [more]

FX round-up: Sterling downcast on Friday as US Congress votes on Trump's Healthcare Bill

Fri, 24 March 2017

(ShareCast News) - Sterling turned in a downcast Friday performance as it slipped on most key pairs, with global markets drifting as US President Donald Trump's Healthcare Bill goes to a congressional... [more]

London close: FTSE drifts lower ahead of pivotal US Congress healthcare vote

Fri, 24 March 2017

(ShareCast News) - Equities in London spent most of the session adrift with a slightly negative bias ahead of the US congressional vote on President Donald Trump's Healthcare Bill, with little in the ... [more]

Excel cycle courier wins holiday pay case

Fri, 24 March 2017

(ShareCast News) - A self-employed cycle courier working for Excel, which is part of CitySprint, has won entitlement to holiday pay after a central London employment tribunal ruled that he was actuall... [more]

Cadbury may cut chocolate sizes as Brexit effect bites

Fri, 24 March 2017

(ShareCast News) - Britons could be about to get less bite for their buck as US-owned chocolate maker Cadbury has indicated that its products could be trimmed in size or increased in price post-Brexit... [more]

US business activity expands at slowest pace in six months in March

Fri, 24 March 2017

(ShareCast News) - Business activity in the US expanded at its slowest pace since September 2016 in March, according to data released on Friday. Markit's flash US composite output index - which measur... [more]