Stephen Robertson News
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U.K. retail sales fell in October as weak consumer confidence caused Britons to curtail spending, the British Retail Consortium said.
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A U.K. house-price index rose to its highest in six months in September as measures to boost credit prompted real-estate agents to become less pessimistic about the outlook, the Royal Institution of Chartered Surveyors said.
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Queensland cut its annual steelmaking-coal output forecast by 10.5 percent and said it expects resumption of normal mining to take as long three months after floods in Australia, the biggest exporter of the fuel.
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Australia reiterated that it’s prepared to negotiate some aspects of a proposed 40 percent tax on resource project profits that’s prompted companies including BHP Billiton Ltd. to review investment plans.
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U.K. retail sales fell the most in more than a year last month as poor weather and consumer caution on spending curbed demand at stores.
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The Queensland state government in Australia will provide as much as A$100 million ($99 million) in funding to develop two commercial-scale solar projects.
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U.K. retail sales rose for the first time in three months in March as warm weather boosted demand for clothing and outdoor gear, the British Retail Consortium said.
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Australia’s Queensland state has identified 11 new sites for geothermal energy exploration, as the nation seeks cleaner energy alternatives to coal and oil.
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U.K. retail sales dropped by a record in March as accelerating inflation squeezed households’ finances and concerns about employment prompted consumers to cut back, the British Retail Consortium said.
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U.K. retail sales rose in July as the start of the Olympics at the end of the month helped to boost food and drink sales, the British Retail Consortium said.
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