ECB joins other central banks in holding interest rates, lowers growth forecasts December 14, 2023 The European Central Bank left interest rates unchanged as expected on Thursday and signalled an early end to its last remaining bond purchase scheme, wrapping up a decade-long experiment in hoovering up debt across the 20-nation euro zone.
New Klarna valuation drives £117m payout to Jupiter Asset Management January 28, 2022 Managers and two stockpickers at Jupiter Asset Management reportedly received a £117m payout after giving Klarna an inflated valuation.
Here’s what’s moving the FTSE 100 and global markets this morning November 10, 2023 Treasury yields climbed as Fed Chair Jerome Powell hinted at the possibility of prolonged higher rates, contributing to a decline in global stocks. The Reserve Bank of Australia cautioned about inflation risks, and a ransomware attack on China’s ICBC disrupted Treasury market trades. The spotlight shifts to UK GDP data and comments from ECB President [...]
Pets At Home: Owners continue to pamper their pooches despite price hikes May 25, 2022 Pets At Home seem to have braved the doggy dog world of inflation, with the retailer announcing market share wins this morning after revealing customers are spending more than ever on their furry friends.
London IPOs plunge as the City feels the shocks of war April 11, 2022 London has seen a major slowdown on its capital markets this year as the shocks of war in Ukraine and soaring inflation sparked a plunge in the amount of cash raised through IPOs.
Sharps Bedrooms: Showrooms axed as Covid-19 shopping boom well and truly over June 14, 2024 The company behind fitted furniture retailer Sharps Bedrooms has axed more showrooms as it struggles to keep up with rising wages amid its second loss-making year in a row.
Jeremy Hunt: Tax cuts ‘virtually impossible’ until economy improves September 22, 2023 Chancellor Jeremy Hunt has shot down suggestions of tax cuts after a string of economic updates this week, saying they’re “virtually impossible” until there’s more improvement. Speaking on LBC this morning, the chancellor responded to suggestions that falling inflation and rates being held yesterday, may give headroom to ease the burden on cash-strapped Brits this [...]
Why did the Bank of England opt for a ‘hawkish’ hold despite bleak growth outlook? November 2, 2023 Although markets were certain that the rate would be held at 5.25 per cent, the Bank's hawkish tone caught them by surprise.
FTSE 100 today: London markets set for third consecutive day of gains July 12, 2024 Asian stocks slipped as US tech shares fell, and the two-year Treasury yield dropped to a four-month low. Focus on US producer prices.
Ofcom wants mobile and broadband firms to set out price rises clearly in ‘pounds and pence’ December 12, 2023 Mobile and broadband providers may have to state pound and pence rises in customers contracts under a new legislation proposed by Ofcom to ban inflation linked price rises. The media watchdog said it was concerned that customers’ contracts do not provide “sufficient certainty” about the prices they will pay. The regulator said it would stop [...]