UK economy avoids recession edge as GDP shows no growth November 10, 2023 The ONS said services fell by -0.1% per cent, construction grew by 0.1 per cent and production was flat at 0.0 per cent, as the UK economy appeared to remain stagnant.
Government to unveil new bill to help businesses adjust to social distancing measures June 22, 2020 The government is set to bring forward fresh legislation to help businesses adjust to new social distancing requirements, as the UK begins to emerge from months of lockdown. The Business and Planning Bill is set to be introduced this week and will be led by the Department for Business, Energy and Industrial Strategy (Beis), the [...]
Seven things banks will be looking out for in 2024 December 31, 2023 A challenging year is in the offing for lenders – from regulatory reform to fraud crackdowns
Consumer confidence plunges to Covid lockdown lows as households’ financial worries spiral July 6, 2022 Consumer confidence in the economy has plunged to its lowest point since the start of the pandemic as Sainsbury’s top boss warned the worst was yet to come. According to Which? research published today, only eight per cent of consumers felt the UK economy would improve over the next 12 months. However, nearly eight in [...]
Energy firms recharge as windfall tax fears ease May 25, 2022 Investors today piled back into London-listed energy firms that were pummeled earlier this week by rumours they will be spiked by the government including them in a windfall tax on the energy sector. The capital’s premier FTSE 100 index jumped 0.51 per cent to 7,522.75 points, while the mid-cap domestically-focused FTSE 250 index, which is [...]
FTSE 100 today: London markets set to mirror global rally, focus on BOE policy decision March 21, 2024 Asian markets mirrored Wall Street's rise, spurred by the US Federal Reserve's maintained rate-cut plans, while gold hit record highs. New Zealand entered technical recession. Now, attention is on the Bank of England's policy decision, especially any signs of increased talks about potential rate cuts.
Exclusive: City fund managers on the impact of the third lockdown January 13, 2021 In this 2-part series, City A.M. asked UK-focused fund managers what they make of post-Brexit trade arrangements, the impact of three lockdowns and the long-term outlook for the UK’s investment community. Yesterday, in part 1, the investment managers focused on the UK-EU deal and which sectors and companies may become the winners and losers from [...]
Coronavirus: Joules secures £15m credit boost as crisis hits high street April 21, 2020 Joules today said it has added £15m to its revolving credit facility as the fashion retailer battles a sharp decline in sales caused by the coronavirus crisis. The credit boost, agreed with Barclays, follows a share placing earlier this month that raised £15m. Joules has already taken a number of measures to mitigate the impact [...]
The government’s levelling up cash for Canary Wharf is a step in the right direction for London March 9, 2024 A taxpayer loan of over £118m being handed to Canary Wharf to help elevate its life science offering and build news homes has inevitably raised some eyebrows across London.
Exclusive: Sun European’s managing director on private equity deal-making in the City post-pandemic April 21, 2022 Time for City A.M. to catch up with investment veteran and City insider Mark Corbidge, managing director and a member of Sun European’s Investment Committee.