Markets Economy

Markets and Economy

Friday market close: Footsie falls as early BAT gain stubbed out

Shares in British American Tobacco (BAT) went into reverse after an initial spike following the announcement of its proposed merger deal with US manufacturer Reynolds,

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The mild weather dented demand for winter clothing last month. Picture: John Devlin

Retail sales fell flat in ‘unusually warm’ September

UK retail sales were slightly weaker than expected in September but shoppers continued to show no sign of Brexit caution, official figures suggested today.

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UK unemployment rose, but the jobless rate in Scotland fell to an eight-year low. Picture: Ian Georgeson

Martin Flanagan: Jobless rise need not signal tougher times

It is interesting that UK unemployment rose in the quarter to August as it is the first increase since the turn of the year.

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Portree Harbour, Skye. Pic: Neil Hanna

West coast property boom on the cards following Brexit vote

BRITAIN’S decision to leave the EU will provide an economic boost to the housing market on the west coast of Scotland, experts say.

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Surging retail sales are helping to shore up the Chinese economy. Picture: Andy Wong/AP

Chinese economic growth steady as retail spending rises

China’s economic growth held steady in the latest quarter, shored up by a bank lending boom and consumer spending that helped make up for weaker trade.

Markets Economy
Martin Flanagan says consumers face a squeeze on their real incomes from rising inflation. Picture: John Devlin

Martin Flanagan: Surging inflation could prove painful

A shot to the body for post-Brexit complacency. That’s the news that inflation reached its highest level in almost two years last month.

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Glasgow City was one of the top five local authorities for house sales in terms of volume last year. Picture: John Devlin

Hit to house prices blamed on ‘sluggish’ Scottish economy

The Scottish economy’s “sluggish” performance has been blamed for house prices rising at around half the rate they have been across the UK as a whole over the past year.

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Consumers saw prices rise at the fastest pace in almost two years last month. Picture: John Devlin

Inflation jumps to highest level in almost two years

Inflation has jumped to a near two-year high as the rising cost of clothes, restaurants and hotels pushed up the cost of living.

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The spat between Tesco and Unilever saw stocks of Marmite run low on the grocer's shelves. Picture: Yui Mok/PA Wire

Martin Flanagan: Depressed pound opens up a can of worms

Food deflation has been a boon for consumers and a bane for the supermarket industry. What could possibly turn it round? How about Brexit?

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Picture: Getty

Bill Jamieson: Lloyds causes controversy again over share sale

Investor appetite for bank shares has cooled as low interest rates have squeezed profits, writes: Bill Jamieson

'Sterlings shaky performance this 
month provides a 
timely reminder that challenges lie ahead'

Think-tank warns of ‘squeezed incomes’ as inflation rises

Britain’s economy is set to enter a prolonged period of weaker growth as rising inflation and a slump in business investment take their toll, an influential think-tank will warn this week.

Markets Economy
Committee convener Gordon Lindhurst said he wants to hear views on what impact restrictions on the free movement of labour will have. Picture: Bill Henry

MSPs seek views on how Brexit will impact Scottish economy

A Holyrood committee has issued a call for views on the economic implications of Brexit for Scotland.

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Scotch whisky exports were worth nearly �4 billion in customs value, making Scotch the biggest single net contributor to the UKs trade balance in goods. Picture: John Devlin

Brexit brings ‘‘opportunities’ for Scotch whisky industry

A LEADING figure in Scotland’s whisky industry has said that even though leaving the EU’s single market brings uncertainty, it also brings “opportunities”.

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Infrastructure activity fell for the sixth consecutive month in August, according to the ONS. Picture: Jeff J Mitchell/Getty Images

Construction activity hit by infrastructure slump

Britain’s construction industry suffered a surprise slide in output in August, as an infrastructure slowdown added further pain to the struggling sector in the wake of the EU referendum.

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Deputy First Minister John Swinney. Picture: Phil Wilkinson

John Swinney: SNP could keep pound sterling currency policy

The SNP could go into a second independence referendum arguing again that Scotland should share the pound with the rest of the UK, John Swinney said yesterday.

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CBI director-general Carolyn Fairbairn said the business lobby group would set out its sector-specific concerns over Brexit later this year. Picture: Anthony Devlin/PA Wire

CBI chief insists Brexit worries can be addressed

The head of Britain’s biggest business lobbying group has said there is time yet to clarify uncertainties ahead of the March deadline for formally triggering the UK’s exit from the European Union.

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The reaction of commentators to the falling pound has been reminiscent of Corporal Jones creating mayhem by yelling 'Don't panic' in Dads Army

Bill Jamieson: panic over Brexit an over-reaction

The fall in the value of the pound over the past week has sparked an over-reaction, says Bill Jamieson

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Alexander Dennis is a Scottish manufacturing company that competes on the world stage. Photograph: Andrew Milligan/PA

Bill Jamieson: Innovating not widget making is the future

The sector accounts for less than an eighth of the economy, but the SMAS conference will showcase the crucial contribution it can make to our prosperity

The Scottish Chambers of Commerce said firms need access to 'the widest possible pool of talent'. Picture: Phil Wilkinson

Business leaders stress need for foreign workers

Business leaders in Scotland have called for lower taxes and continued access to overseas workers as figures out today highlighted growing pressure on profits coupled with recruitment challenges.

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The pound was slightly higher against the dollar following its recent hammering. Picture: Ian Waldie/Getty Images

Pound bounces back as MPs prepare to scrutinise Brexit

The pound fought back after a torrid week, amid relief over Prime Minister Theresa May’s plans to allow a Commons vote on her Brexit strategy.

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