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Monday newspaper round-up: Jimmy Carter, House prices, London Stock Exchange

(Sharecast News) - Jimmy Carter, the 39th president of the United States, a broker of peace in the Middle East in his time, and a tireless advocate for global health and human rights, has died, it was announced on Sunday. He was 100 years old. A Georgia Democrat, Carter was the longest-lived president in US history. He only served one term in the White House and was soundly beaten by Ronald Reagan in 1980. But Carter spent the decades afterward focused on international relations and human rights, efforts that won him the Nobel peace prize in 2002. - Guardian House prices tumbled across swathes of London this year as hard-pressed buyers shunned property in some of the most expensive parts of the country. Seven of the 10 areas in the UK which suffered the biggest price falls were in the capital, according to Halifax. Prices in Westminster fell 3.5pc in 2024 to an average of just under £731,000, while those in the Borough of Ealing dropped by almost 5pc, to just under £560,000. - Telegraph

The Issa brothers are looking at floating their petrol station empire in the United States for as much as £13 billion, in a fresh blow to the London Stock Exchange. EG Group, their forecourt business, has sounded out banks for a potential listing in 2025, which would mean a significant payday for the brothers and their private equity partner, TDR Capital. - The Times

A majority of UK businesses expect a positive start to 2025, according to two economic confidence surveys which show managers planning for growth after a challenging period for the economy. About 70% of UK businesses expect their turnover to increase over the next year, up from 62% in December 2023. Meanwhile, 73% are confident of greater profitability, according to research from Lloyds bank. - Guardian

Retailers cut almost 170,000 jobs this year, the highest level since the depths of the first Covid lockdown as shopkeepers battle rising taxes and a slowdown in spending. Data published by Altus Group and the Centre for Retail Research found a total of 169,395 retail jobs have been lost so far this year, soaring by almost 42pc compared with 2023. It is the highest annual reading since more than 200,000 jobs were lost in 2020 when retailers were forced to shut their stores under strict Covid rules during lockdown. - Telegraph

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(Sharecast News) - The UK steel industry has called for the government to promise to buy British as it prepares for a major expansion of offshore wind generation. Wind generation has become a key part of the UK's energy system, contributing 29% of generated electricity in 2023. However, despite the huge increase in the number of turbines, only 2% of the steel used in British offshore wind projects over the past five years was made in the UK, according to a study by the consultants Lumen Energy & Environment, commissioned by UK Steel, a lobby group. - Guardian
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(Sharecast News) - British firms are predicting a sharp fall in business activity in the new year, in the latest economic snapshot to warn of an increasingly gloomy outlook for the UK in 2025. The growth indicator survey from the Confederation of British Industry (CBI) indicates firms are preparing to cut down on hiring and reduce output over the next three months. - Guardian

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