Average UK house costs £271,613 as price growth shows ‘tenative signs of slowdown’ June 30, 2022 The pace of UK house price growth slowed modestly last month, with the price tag of a standard home hitting a new record high of £271,613. According to the Nationwide House Price Index published on Thursday, average prices increased by over £26,000 in the past year. The rate of annual growth slowed to 10.7 per [...]
FTSE 100 close: Bunzl and Rolls Royce help London index shrug off interest rate and inflation woes February 27, 2023 London’s FTSE 100 opened the week in positive territory today as investors appeared to shrug off concerns about inflation and how forcefully central banks would respond to it. The capital’s premier index jumped 0.72 per cent to 7,935.12 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the [...]
FTSE 100 close: London dips after disappointing US jobs data while 250 continues strong run November 3, 2023 FTSE 250, which is an index more aligned with the UK domestic market, was one cent up following the open, sitting handsomely at 17,945.48.
FTSE 100 close: London markets finish higher but investors cautious before BoE rate hike July 31, 2023 London’s FTSE 100 closed slightly higher this afternoon, after a tempered start to a week in which the Bank of England is expected to hike interest rates to their highest level since 2008. The capital’s premier index kicked off down 0.26 per cent, before bouncing back by close to 0.17 per cent on stronger than [...]
April retail volumes continue on downward trend amid cost of living crisis May 20, 2022 Retail sales volumes continue to go downward amid the cost of living crisis. According to the Office for National Statistics, volumes rose 1.4 per cent in April following a 1.2 per fall in March, while values went up by 1.9 per cent. But looking more broadly, in the three months to April, sales volumes fell [...]
UK business bosses most pessimistic since the start of the pandemic over inflation and Brexit July 1, 2022 Business chiefs in the UK are at their most disheartened since the early days of the Covid pandemic. Soaring inflation and Brexit pains have crippled confidence on economic outlook with consumer confidence at a historic low. The Directors’ Economic Confidence Index by the Institute of Directors, a measure of economic confidence of over 400 business [...]
National Lottery licence winner Allwyn posts strong quarter despite consumer squeeze and legal battle August 29, 2022 Allwyn, the winner of the fourth National Lottery licence, has posted strong quarterly results this morning despite weaker consumer sentiment and its ongoing tussle for the lucrative contract.
Moving markets today: What’s shaping the FTSE 100 this morning January 26, 2024 Asian markets trade mixed, Tesla shares plummeted by 12%, and Intel dropped 10.90%. Investors are eyeing today's release of US PCE data and anticipating 'FAAMG' earnings next week.
Recession knife-edge: Consumer spending on credit at £1.3bn as house prices continue to slide May 2, 2023 Britain’s better than expected economic performance since the turn of the year is poised to have lured consumers into splashing the cash on their credit cards, new numbers out this week are tipped to show. Families are tipped by markets to have borrowed £1.3bn in March, which would signal spending in the UK is holding [...]
Ted Baker sees lift in sales as rebounding store revenues are offset by slump in demand September 2, 2022 Fashion brand Ted Baker has revealed that recovering store footfall helped support higher sales over the past quarter as it prepares for its US takeover. Last month, the retail business agreed a £211 million takeover by Authentic Brands Group, the US owner of Reebok and Juicy Couture. Ted Baker shareholders will vote on the move [...]