Country Garden hit with winding up petition in latest threat to China’s real estate sector February 28, 2024 China's property crisis shows no sign of abating after the country's largest property developer was hit by a winding up petition from a creditor.
Spring Budget 2024: Tax cuts are ‘bad economics and politics’ and voters prefer investment, Tony Blair Institute finds February 28, 2024 "Not only are tax cuts bad economic policy right now, our new polling suggests they may also be bad politics," Tom Smith, director of economic policy at the TBI said.
Moving markets: Five things shaping the FTSE 100 today February 28, 2024 Asian markets stalled as investors awaited U.S. inflation data, while the New Zealand central bank maintained interest rates. Bitcoin surged to $57,622, but oil prices fell. Attention now turns to U.S. GDP figures and Federal Reserve speeches.
eBay surges nearly four per cent as earnings beat estimates February 28, 2024 The shares of e-commerce giant eBay surged nearly 4% in extended trading sessions after it exceeded market expectations for both quarterly revenue and profit, largely driven by strong consumer spending during the holiday period.
FTSE 100 live: London markets flat despite inflation boost, miners rise February 27, 2024 Markets were also given a lift by the news that shop price inflation slowed to 2.5 per cent in February, the lowest level seen in two years.
Bank’s Ramsden: ‘More evidence’ needed that inflation has been tamed before rates can go down February 27, 2024 Markets expect the Bank of England to start cutting interest rates in the summer, with three cuts priced in for 2024.
No time to lose: The City must be the force behind reinvigorating ailing markets February 27, 2024 Another day, another complaint from a listed firm that things have not entirely gone to plan. Yesterday it was the Aquis-listed Quantum Exponential Group, which invests in computing businesses. Long story short, the small-cap operations wants to delist: not enough liquidity, and investors interested only in picking up private firms rather than dealing with troublesome markets. The [...]
British Patient Capital invests £10m into biotech firm developing cancer drug discovery platform February 27, 2024 British Patient Capital, the venture capital subsidiary of UK government-owned British Business Bank, has invested £10m into biotech firm Curve Therapeutics to support its cancer drug discovery technology.
FTSE 100 today: London markets set for a cautious start following Wall Street slippage February 27, 2024 Asian markets echo Wall Street caution, with the dollar weakening and Bitcoin surpassing $57,000. Japan's core inflation declines. Investors await pivotal inflation data for market insights and investment decisions.
FTSE 100 close: Housebuilders drag London’s premier index into the red after CMA warning February 26, 2024 The biggest news of the morning was the Competition and Markets Authority's (CMA) announcement that it had found "fundamental concerns" with the housebuilding market.