(Sharecast News) - Annual house sales fell sharply in August, provisional government data showed on Friday. According to HM Revenue and Customs, the seasonally-adjusted estimate of UK residential transactions was 87,010 last month. That was a 1% uptick on July 2023...
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House prices set to fall as mortgage costs spike – RICS
UK house prices are poised to fall in the coming months, a closely-watched survey showed on Thursday, as soaring borrowing costs weigh on demand. According to the latest RICS UK Residential Market Survey, house price growth continued to slow in September, with a...
OPEC cuts oil demand, global growth forecasts
The Organisation of the Petroleum Exporting Countries (OPEC) on Wednesday downgraded sharply its forecasts for global economic growth and crude oil demand. In its first report since the controversial decision to cut production by 2 million barrels a day, OPEC cut...
‘Lessons must be learned’ from pensions crisis – Bank of England
The UK economic outlook has deteriorated materially, the Bank of England said on Wednesday, as it insisted "lessons must be learned" from the recent turmoil to engulf bond markets. Publishing its latest Financial Stability Report, the central bank's financial policy...
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UK retail sales soar 5.4% in March
UK retail sales soared in March ahead of a partial lifting of coronavirus lockdown restrictions, according to official data released on...
UK borrowing soars to post-war high as crisis hits finances – ONS
UK government annual borrowing hit a high not seen since the aftermath of the second world war as Covid-19 forced the government to spend...
UK consumers cautious as economy reopens – GfK
UK consumer sentiment took a cautious turn in April as concerns about new strains of Covid-19 and the economy tempered the enthusiasm...
Family offices are realising money does grow on trees
By Michael Ackerman, CEO of EcoForests Asset Management The world’s wealthiest individuals are estimated to collectively transfer more...
Odey bets against Deliveroo shares – report
Odey Asset Management has taken a short position against Deliveroo in the first evidence of hedge funds betting against the food delivery...
UK manufacturing sentiment rebounds as economies reopen – CBI
UK manufacturing optimism improved at its fastest pace for almost 50 years and investment intentions rebounded as economies began to...
UK house prices rise at fastest rate since 2014 – ONS
UK house prices have risen at the fastest pace in more than six years, official data showed on Wednesday, fuelled by the stamp duty...
UK inflation rises to 0.7% in March
UK inflation rose to 0.7% in March as the cost of fuel and clothing rose, setting the scene for sharper increases later in 2021. Consumer...
Nationwide lifts borrowing amount for first-time buyers
UK building society Nationwide is increasing the amount it will lend to first-time buyers in a move it claims will help increase home...
UK payrolls fail to improve as expected in March
Britain's labour market failed to improve as much as anticipated in March, confounding economists' expectations and the results from...
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