Markets Economy

Markets and Economy

Retailers suffer ‘terrible’ December as sales slump

Retail sales fell at the fastest rate in nearly five years last month, as shoppers spent less on clothing, footwear and household goods in the run-up to Christmas.

Markets Economy
Steven Todd says the commercial and industrial sectors are likely to 'bear the brunt' of Brexit uncertainty. Picture: Alan Richardson

Steven Todd: How will Brexit affect construction?

The forecasts for the construction industry over the next two years are a bit of a mixed bag, primarily as a result of the ongoing Brexit debate and forthcoming negotiations.

Markets Economy 3
London traders keep an eye on the markets. Picture: Daniel Leal-Olivas/AFP/Getty Images

Thursday market close: Stamp sales and sterling drag Footsie

The FTSE 100 continued its slide as a stronger pound and disappointing Royal Mail earnings dragged on the index.

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The nations jobless total has jumped by a massive 11,000 . Picture: Ian Georgeson

Scots economy “lags behind UK” in latest economic data

Scotland’s economic growth is continuing to fall behind the UK while the jobs picture also looks more bleak north of the Border, official figures have revealed.

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Citylets boss Thomas Ashdown said the firm expects rental growth in all major urban areas 'with the exception of Aberdeen'. Picture: Contributed

Lettings market tipped for return to growth this year

Residential rentals are forecast to rise this year in the wake of an “uncharacteristic” dip at the end of 2016.

Markets Economy
Sales grew at their fastest pace in almost three years, but experts warned over the impact of rising inflation. Picture: Jon Savage

Scots retailers boosted by 4.3% rise in festive sales

Retail sales north of the Border increased 4.3 per cent in December, providing a boost for businesses over the vital Christmas period.

Markets Economy
Swiss president Doris Leuthard and Chinas president Xi Jinping. Picture: AFP/Getty Images

Chinese president Xi Jinping warns against trade protectionism

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A 49% surge in air fares pushed inflation to its highest level since July 2014. Picture: Ian Rutherford

Inflation soars to 1.6% as weak pound pushes up prices

Inflation has soared to its highest level in two-and-a-half years as air fares rose and the plunge in the pound started to affect food prices.

Markets Economy 4
Hotels and offices in Edinburgh are in demand despite the uncertainties stemming from the EU vote. Picture: Steven Scott Taylor

Martin Flanagan: Edinburgh rides out Brexit apprehension

If there is distinct political and commercial uncertainty in the UK air in the slipstream of the Brexit vote then somebody has been remiss in failing to tell the Edinburgh property market, which seems firmly on the front foot.

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Bosses are upbeat about the UK's growth prospects despite a gloomy global outlook. Picture: Ian Georgeson

Majority of top bosses confident of growth this year

Nearly 90 per cent of Britain’s top bosses are expecting growth this year despite casting a gloomy outlook for the global economy, according to a study published today.

Markets Economy
Consumers are facing inflationary headwinds following the Brexit vote. Picture: Neil Hanna

Inflation hits highest level in more than two years

Households are facing the highest inflation backcloth in well over two years, official data is set to show this week.

Markets Economy 5
The Bank of Scotland report also found that job creation was running at a four-month high. Picture: John Devlin

Scots firms return to growth after two months of decline

Scottish business activity returned to growth in December after two months of decline, helped by a modest rise in new orders alongside a “rebound” in job creation, a new report out today shows.

Markets Economy
Glasgow has seen a surge in the supply of student housing. Picture: Contributed

Rents cool as Glasgow student housing market booms

The supply of student accommodation in Glasgow jumped last year while average rents dipped, according to research out today.

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Bank of England MPC member Michael Saunders warned of Brexit-related uncertainties 'dampening pay'. Picture: Cate Gillon/Getty Images

Brexit could hit pay growth, warns BoE rate-setter

A key Bank of England rate-setter has warned that Brexit-related uncertainties could hit already stagnant UK pay growth, which is slower than any other G7 country.

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Housing output hit a record high in November. Picture: Michael Gillen

Builders encouraged by record for housing activity

Official figures have shown that the value of new housing output hit a record high in November, despite a slight contraction for the overall construction sector.

Markets Economy
Kwik Fit Insurance Services in Tannochside Business Park will be closed. Picture: Alan Watson

500 jobs to be axed as Kwik Fit’s Glasgow office closes

More than 500 jobs are to go with the closure of a Kwik Fit Insurance office near Glasgow.

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Experts warned that some office occupiers could be squeezed out of Edinburgh city centre by rising costs. Picture: Toby Williams

‘Perfect storm’ as Edinburgh office demand outstrips supply

Continued rising demand for office space across Edinburgh coupled with a lack of new developments coming on stream means a “perfect storm” is brewing in the capital’s commercial property market this year, according to property experts.

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House prices grew 1.7% between November and December, according to the Halifax. Picture: Andrew Matthews/PA Wire

House prices end 2016 on a high as buyers shrug off fears

The UK housing market delivered a strong finish to 2016 with December posting the biggest monthly rise in nine months, according to new figures.

Markets Economy
The FTSE 100 closed above 7,200 for the first time ever last week. Picture: Daniel Leal-Olivas/AFP/Getty Images

Bill Jamieson: Time for investors to take stock of gains

Political trends, we are now told with all the light bulb excitement of a eureka moment, are governed more by our feelings and emotions than thoughtful reflection of facts and statistics.

Markets Economy
The upturn in confidence reflects sharp improvements in the manufacturing and services sectors. Picture: John Devlin

Business optimism on the rise despite uncertain outlook

Business confidence is gaining momentum on the back of an “upbeat” outlook for the UK economy, a key survey indicated today.

Markets Economy
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