Dear readers,
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Economic News News

Economic news

EE and Virgin Media fined for overcharging customers who left contract early

EE and Virgin Media fined for overcharging customers who left contract early

Fri, 16 November 2018

(Sharecast News) - Ofcom has levied £13.3m in fines against EE and Virgin Media, it announced on Friday, for overcharging phone and broadband customers who wished to leave their contracts early. The r... [more]

UK banks lose two-thirds of branches in past 30 years - Which?

UK banks lose two-thirds of branches in past 30 years - Which?

Fri, 16 November 2018

(Sharecast News) - UK banks have shed two-thirds of their branch network in the past 30 years, instead ploughing millions into the Post Office to serve people's basic banking needs, a new study from W... [more]

S&P reaffirms UK sovereign debt rating at AA, but outlook still negative

S&P reaffirms UK sovereign debt rating at AA, but outlook still negative

Thu, 15 November 2018

(Sharecast News) - Standard&Poor's reiterated its rating on the UK's long-term sovereign debt, despite the risk that the withdrawal agreement that had been reached overnight between Brussels and Londo... [more]

Philly Fed index drops more than expected in November

Philly Fed index drops more than expected in November

Thu, 15 November 2018

(Sharecast News) - Manufacturing conditions in the Philadelphia region deteriorated more than expected in November, according to a survey released on Thursday. The Philadelphia Fed's index for current... [more]

Credit Suisse upgrades UK equities, says early elections 'unlikely'

Credit Suisse upgrades UK equities, says early elections 'unlikely'

Thu, 15 November 2018

(Sharecast News) - Credit Suisse upgraded its view on UK stocks on Wednesday, arguing that investors had 'thrown in the towel', leaving shares undervalued in the process. More specifically, according ... [more]

Cryptocurrencies drop 12% to hit a one-year low

Thu, 15 November 2018

(Sharecast News) - Cryptocurrencies were adding to their Wednesday plunge with the best-known of them, Bitcoin, down 12.61% to $5,428. It was the biggest cryptocurrency sell-off since February, Bloomb... [more]

UK retail sales tumble 0.5%

Thu, 15 November 2018

(Sharecast News) - UK retail sales tumbled last month, official figures revealed on Thursday, confounding expectations for the sector to bounce back from the previous month. The Office for National St... [more]

GVC avoids £700m payment for Ladbrokes takeover

Thu, 15 November 2018

(Sharecast News) - GVC Holdings avoided paying almost an extra £700m for its acquisition of Ladbrokes after the government issued a new ruling on the UK fixed-odds betting machines. In a major U-turn ... [more]

UK Brexit Secretary Raab resigns hours after deal approval

Thu, 15 November 2018

(Sharecast News) - Two senior UK cabinet ministers, including Brexit Secretary Dominic Raab, resigned on Thursday, just hours after Prime Minister Theresa May's cabinet "collectively approved" a withd... [more]

Pound shrugs off cabinet's Brexit deal approval

Thu, 15 November 2018

(Sharecast News) - Huge doubts remained about Brexit across Westminster and in financial markets after Prime Minister Theresa May's cabinet "collectively approved" a withdrawal agreement with the Euro... [more]

Senior Tory Brexiters may push for 'no-confidence' vote, reports say

Wed, 14 November 2018

(Sharecast News) - Some senior Tory Brexiters are reportedly pushing for an immediate 'no-confidence' vote against the Prime Minister. According to Sky News, European Research Group member Conor Burns... [more]

Ministers urged to impose cutbacks to HS2 as costs surge

Wed, 14 November 2018

(Sharecast News) - Ministers are being urged to impose cutbacks to the HS2 railway infrastructure project after a report warned that costs were well over those for comparable schemes in Europe. A repo... [more]

Advertisers making digital Christmas switch away from TV

Wed, 14 November 2018

(Sharecast News) - UK advertisers have cut almost £44m from their Christmas TV campaign budgets and shifted their focus to digital media. Figures published by the Advertising Association and Warc on W... [more]

UK inflation stays flat as food prices tumble

Wed, 14 November 2018

(Sharecast News) - UK inflation remained unchanged last month, the Office for National Statistics revealed on Wednesday, having been expected to rise slightly. The consumer price index in October rema... [more]

German economy contracts for first time since Q1 2015

Wed, 14 November 2018

(Sharecast News) - The German economy shrank in the third quarter amid weaker exports, marking its first contraction since the first quarter of 2015, according to data released by Destatis. Gross dome... [more]

Cabinet convenes as negotiators agree EU withdrawal text

Tue, 13 November 2018

(Sharecast News) - Theresa May's cabinet will meet on Wednesday after British and EU negotiators agreed the text for a UK-wide customs arrangement that could will form part of a Brexit withdrawal agre... [more]

Opec trims forecasts as global economy weakens and supply surges

Tue, 13 November 2018

(Sharecast News) - Opec has trimmed demand forecasts for its crude in 2019, leading to speculation that the oil cartel will cut production when it meets next month. Publishing its monthly production r... [more]

Bearish investors turn their back on tech stocks, survey finds

Tue, 13 November 2018

(Sharecast News) - Exposure to the global technology sector is at its lowest level since February 2009, according the industry research, as bearish fund managers become increasingly risk averse. The B... [more]

German ZEW improves in November but sentiment still depressed

Tue, 13 November 2018

(Sharecast News) - German economic sentiment unexpectedly improved in November but remained depressed, according to the latest survey from the ZEW Center for European Economic Research in Mannheim. Th... [more]

UK wages grow at fastest rate for nearly a decade

Tue, 13 November 2018

(Sharecast News) - UK wages grew at their fastest rate since 2008, according to official data published on Tuesday, although the unemployment rate also showed a surprise increase. The Office for Natio... [more]

Barnier says main Brexit framework 'largely defined' - FT

Mon, 12 November 2018

(Sharecast News) - The EU's chief Brexit negotiator on Monday told ministers from the EU's remaining member states that the main points of a Brexit deal were ready to present to the UK cabinet on Tues... [more]

Employers struggling to hire staff as migrants turn their back on UK

Mon, 12 November 2018

(Sharecast News) - Employers are battling to hire enough staff after a sudden decline in the number of migrants coming to the UK, putting salaries under increasing pressure. The latest quarterly Labou... [more]

May faces Parliament backlash as Brexit deal 'draws near'

Mon, 12 November 2018

(Sharecast News) - Terms of a Brexit deal has been agreed with Brussels, according to reports, but the pound whipsawed down and up on Monday as markets reacted to government splits and Labour's insist... [more]

Uni Michigan consumer sentiment index ticks lower in November

Fri, 09 November 2018

(Sharecast News) - US consumer sentiment deteriorated less than expected in November, according to a preliminary reading from the University of Michigan. The consumer sentiment index printed at 98.3 f... [more]

Crude oil fall enters bear market territory

Fri, 09 November 2018

(Sharecast News) - Oil prices slid into bear market territory on Friday, with crude dropping below $70 per barrel for the first time in seven months. The price of Brent crude futures fell 1.2% on the ... [more]

NASDAQ 100 Top Risers

Name Last Chg.% Time
Charter Communications Inc. 328.54 3.16 23:02
KLA-Tencor Corp. 96.90 2.60 23:04
Cognizant Technology Solutions Corp. 70.33 2.42 23:00
Xilinx Inc. 90.54 2.29 23:08
Incyte Corp. 66.51 2.28 23:04

NASDAQ 100 Top Fallers

Name Last Chg.% Time
Nvidia Corp. 164.43 -18.76 23:10
Activision Blizzard Inc. 50.94 -4.89 23:04
JD.com, Inc. 23.05 -4.75 23:09
Asml Holdings N.V. 168.99 -4.41 22:40
Facebook Inc. 139.53 -3.00 23:08