Sunday, 26th February 2017

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Latest stories in the Economic news section

Berenberg downgrades Goldman Sachs as Trump rally 'may have peaked'

2 days ago

Conor Coyle

(ShareCast News) - Goldman Sachs has been downgraded to 'sell' by Berenberg as the German bank indicated its belief that the investment banking behemoth's stock is now overvalued and that it could face structural headwinds in 2017.

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Berenberg downgrades Goldman Sachs as Trump rally 'may have peaked'

Conor Coyle

(ShareCast News) - Goldman Sachs has been downgraded to 'sell' by Berenberg as the German bank indicated its belief that the investment banking behemoth's stock is now overvalued and that it could face structural headwinds in 2017. 2 days ago

Royal Mail hikes postage prices in line with Brexit-charged inflation

Andrew Schonberg

(ShareCast News) - Royal Mail is hiking the price of first- and second-class postage stamps by amounts in line with UK's Brexit-charged rate of inflation, adding to the increasing shop-counter burden faced by consumers. 2 days ago

UK mortgage approvals hit 12-month high in January

Michele Maatouk

(ShareCast News) - The British Bankers' Association approved 44,657 mortgages last month, up from 43,581 in December and the highest number since January last year. 2 days ago

Neil Woodford launching new income-focused fund

Oliver Haill

(ShareCast News) - Star fund manager Neil Woodford has revealed a few more details about a new income fund that he will manage alongside his popular existing funds, which attracted record inflows on launch. 3 days ago

UK retail sales rebound in February, CBI finds

Oliver Haill

(ShareCast News) - UK retail sales rebounded slightly in February after slipping at the beginning of the year, according to the CBI's Distributive Trades Survey. 3 days ago

Theresa May promises 'relief' for small businesses, stops short of cash pledge

Conor Coyle

(ShareCast News) - British Prime Minister Theresa May has reassured business affected by rates rises related to property valuations that there will be "appropriate relief" given to those worst hit, but would not promise any cash to aid those struggling. 4 days ago

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