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Economic news

May entering negotiations with Brussels with an open mind

May entering negotiations with Brussels with an open mind

Fri, 21 April 2017

(ShareCast News) - Theresa May is not looking for Britain to exit the European Union without clinching a Brexit deal with Brussels, one of the bloc's highest-ranking officials said on Friday. In remar... [more]

US existing home sales hit 10-year high in March

US existing home sales hit 10-year high in March

Fri, 21 April 2017

(ShareCast News) - Sales of US existing home sales rose more than expected in March, to their highest pace in more than 10 years, according to data from the National Association of Realtors. Sales wer... [more]

UK growth and inflation set to exceed forecasts in near-term, BoE's Saunders says

UK growth and inflation set to exceed forecasts in near-term, BoE's Saunders says

Fri, 21 April 2017

(ShareCast News) - Inflation and growth may outstrip the Bank of England's most recent forecasts, the Monetary Policy Committee's Michael Saunders said. In prepared remarks for a speech at the Federat... [more]

UK retail sales drop as price deflator spikes

UK retail sales drop as price deflator spikes

Fri, 21 April 2017

(ShareCast News) - UK retail sales fell in March to record their first quarterly decline since 2013 as the falling pound sent shop prices soaring, which suggests the consumer spending slowdown is gath... [more]

Borussia Dortmund bus attacker aimed to gain from share speculation

Borussia Dortmund bus attacker aimed to gain from share speculation

Fri, 21 April 2017

(ShareCast News) - A German-Russian man has been arrested for carrying out the explosives attack on the Borussia Dortmund team bus, with police saying the 28-year-old had been shorting the football cl... [more]

Eurozone business activity hits six-year high in April

Fri, 21 April 2017

(ShareCast News) - Business activity in the eurozone hit a six-year high in April, according to preliminary data released on Friday. Markit's flash composite purchasing managers' index rose to 56.7 fr... [more]

More than 200,000 homes left unoccupied in England

Thu, 20 April 2017

(ShareCast News) - England has as many as 200,145 empty properties across the country, with homes to the value of £43bn being left idle. Research conducted by investment marketplace Property Partner u... [more]

UK mortgages lending 'in neutral gear', CML predicts no election effect

Thu, 20 April 2017

(ShareCast News) - UK lenders upped mortgage lending by 19% in March compared to February, but was down by almost the same proportion compared to last year. The Council for Mortgage Lenders, which rep... [more]

MPs vote overwhelmingly for snap election

Wed, 19 April 2017

(ShareCast News) - MPs have voted overwhelmingly in favour of holding the early election on 8 June. On Wednesday MPs voted by 522 to 13, a majority of 509 to hold the next election in seven weeks time... [more]

Energy secretary promises 'decisive' action against price rises

Wed, 19 April 2017

(ShareCast News) - Business and Energy secretary Greg Clark has warned energy firms that there will be action taken against those who unjustly raise household bills. Clark told the House of Commons Bu... [more]

Traders predict Tories will extend majority to 90 seats, polls indicate 100

Wed, 19 April 2017

(ShareCast News) - After Prime Minister Theresa May announced plans for a snap general election on 8 June, financial and betting markets both pointed towards a much increased majority for the Conserva... [more]

Snap elections mean reduced risk of disorderly exit from EU, Morgan Stanley says

Wed, 19 April 2017

(ShareCast News) - The Conservative party was likely to win on 8 June, Morgan Stanley said, reducing the risk of a "disorderly" exit from the European Union although it virtually ruled out any possibi... [more]

Global fund managers shift from US to Eurozone stocks, UK unloved

Wed, 19 April 2017

(ShareCast News) - Fund managers around the world warmed towards European equities in April despite the upcoming elections in France and amid worries of delays to the White House's plans for tax cuts,... [more]

Neil Woodford raises £0.5bn for new income focus fund

Wed, 19 April 2017

(ShareCast News) - Star fund manager Neil Woodford drummed up £553m from investors in his new income fund since it launched last month. The Woodford Income Focus fund, which the eponymous fund manager... [more]

Snap election 'an excuse to do nothing' - WPP chief Sorrell

Wed, 19 April 2017

(ShareCast News) - The CEO of advertising giant WPP has said the decision of Theresa May to call a snap election later this year is "just another excuse to do nothing". PM May announced the decision t... [more]

European Metals lithium project feasibility study disappoints

Wed, 19 April 2017

(ShareCast News) - A preliminary feasibility study from Czech lithium explorer European Metals Holdings disappointed investors on Wednesday. The PFS envisaged a 21-year operation from the 100%-owned C... [more]

Trump signs order for firms to 'Buy American, Hire American'

Wed, 19 April 2017

(ShareCast News) - US President Donald Trump has signed an executive order which will lead to a review of a visa scheme for skilled foreign workers, encouraging US companies to "Buy American, Hire Ame... [more]

Almost half of SMEs 'lost money' in tax self-assessment

Tue, 18 April 2017

(ShareCast News) - Almost half of small to medium enterprises lost money during the tax self-assessment process in the last year, a new survey released on Tuesday suggested, at a time when the Governm... [more]

Theresa May calls snap general election on 8 June

Tue, 18 April 2017

(ShareCast News) - Prime Minister Theresa May announced the UK will hold a general election on 8 June. The pound dropped on rumours preceding the announcement, trading down 0.3% against the dollar to ... [more]

Lloyds to set up Berlin hub post-Brexit

Mon, 17 April 2017

(ShareCast News) - Lloyds Banking Group will set up a new base in Berlin following Britain's departure from the European Union, according to reports from the BBC. The UK's departure from the bloc has ... [more]

FX round-up: Sterling turns in poor performance as Trump jaws the dollar lower

Thu, 13 April 2017

(ShareCast News) - Sterling turned in a poor performance on a raft of key crosses ahead of the long Easter weekend, with US President Donald Trump earlier jawboning the US dollar down after saying he ... [more]

London close: Stocks mixed as gold rises ahead of Easter after Trump says US dollar overvalued

Thu, 13 April 2017

(ShareCast News) - Equities in London ended Thursday mixed, ahead of the Easter weekend, as investors headed for safe-haven assets after US President Donald Trump said the dollar was over valued. Trum... [more]

Banks clamping down 'significantly' on credit card lending

Thu, 13 April 2017

(ShareCast News) - UK banks have begun to clamp down on credit card lending as they "significantly" tighten credit scoring criteria over concerns about economic conditions. A Bank of England survey fo... [more]

US consumer sentiment unexpectedly improves in April

Thu, 13 April 2017

(ShareCast News) - US consumer sentiment unexpectedly improved in April, according to the preliminary reading from the University of Michigan. The consumer sentiment index rose to 98.0 from 96.9 in Ma... [more]

Leave supporters' consumer confidence falls since Brexit vote

Thu, 13 April 2017

(ShareCast News) - Consumer confidence among Leave supporters has fallen for the first time since the Brexit vote last June. According to a report by Nielsen overall consumer confidence is stable as t... [more]