Sky News - BUSINESS

 

US economy grows at slowest rate in three years



News April 28, 2017


Analysts had predicted that the country's Gross Domestic Product (GDP) would increase by 1.1% at an annual rate, but it only reached 0.7%, well below expectations.The US's GDP growth for October to December 2016 had been 2.1%, alm...

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GDP figures: The accidental rebalancing of the UK economy



News April 28, 2017


The odd thing is that if balance is the hallmark of economic success, Friday's gross domestic product figures, which showed the UK economy growing by only 0.3% in the first quarter - the weakest rate since before the referendum - ...

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Osborne role in housing market woes is clear from HMRC figures



News April 28, 2017


Two indicators today provide clues. The first is from Nationwide Building Society, the UK's second-largest mortgage lender, whose latest index reveals that, in April, house prices fell for the second month running.It means during ...

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Marks & Spencer closes in on appointment of Swannell successor



News April 28, 2017


Sky News understands that M&S is in advanced talks with Archie Norman, the former Asda boss, and at least one other candidate about replacing Robert Swannell, the former investment banker who has chaired M&S since 2010.Mr Norman, ...

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Taxpayer stake in Lloyds Banking Group cut to below 1%



News April 28, 2017


Lloyds was one of the banks bailed out by the Treasury at the height of the financial crisis, with the then Labour administration spending £20.3bn for a 43% stake.In government, the Conservatives have been moving towards returnin...

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