Lloyds and Close Brothers shares drop as FCA motor finance review looms January 17, 2024 Shares in Lloyds Bank and Close Brothers extended losses on Wednesday as investors digest a surprise increase in inflation and analysts estimate the two firms could be rocked by a City watchdog review into motor finance.
BoE deputy governor moves to quash inflation fears July 22, 2021 The deputy governor of monetary policy at the Bank of England moved to temper fears that the UK economy is facing a period of persistently higher inflation today. In a speech, Ben Broadbent said that he was “not convinced that the current inflation in retail goods prices should in and of itself mean higher inflation [...]
Moving markets today: What’s shaping the FTSE 100 this morning January 10, 2024 Today's market highlights: Japan's Nikkei 225 at a 33-year high, stable U.S. Dollar, Bitcoin's rollercoaster, ongoing oil price surge, and anticipation for U.S. inflation figures.
Savings rates fall for first time in more than two years as banks slash deals November 21, 2023 Fixed savings rates have fallen across the board for the first time in more than two years, according to new data, as inflation cools and the Bank of England hold interest rates.
Pound strengthens against dollar on mounting Bank of England rate hike bets as inflation heats up November 17, 2021 The pound strengthened sharply against the dollar amid growing speculation the Bank of England will hike interest rates due to inflation soaring to more than double its target. Fresh data published this morning by the Office for National Statistics (ONS) shows inflation scaled to 4.2 per cent in October, causing investors to pour into sterling. [...]
London floats sink again – but analysts eye buoyant times ahead October 4, 2023 The amount of cash raised on the London Stock Exchange sank again over the past three months as the global IPO market remained hobbled by soaring inflation and roiled public markets.
Surging inflation to add £10bn to government’s debt burden July 19, 2021 Surging inflation is likely to add £10bn to the government’s debt burden, putting further pressure on the UK’s public finances. Around a quarter of the government’s stock of debt is linked to the retail price index, meaning the Treasury needs to increase interest payments to savers if prices rise. Read more: UK inflation hits 2.5 [...]
Omicron curbs and roaring inflation could tip economies into double dip recessions, warns World Bank top economist December 29, 2021 A return to strict restrictions on daily life to curb the spread of Omicron and roaring inflation could plunge the world’s leading economies into double dip recessions, according to the World Bank’s chief economist. Speaking to The Telegraph, Carmen Reinhart, the organisation’s top economist, said the emergence of the new strain of coronavirus and historically [...]
B&M sees rise in sales and plans wave of store openings November 9, 2023 B&M has reported a rise in sales as customers are squeezed by high inflation and the discount retailer plans a wave of new stores, including those formerly owned by collapsed rival Wilko.
Hunt must ignore illusory fiscal windfall in Autumn statement, think tank urges November 6, 2023 James Smith, research director at the Resolution Foundation, said Britain’s bout of high inflation is "flattering the public finances, with higher pay growth feeding through into higher tax revenues."