FTSE 100 today: London markets to open higher amid firm global cues June 18, 2024 Asian stocks mirrored Wall Street's gains. Focus on US retail sales, Fed officials' speeches, UK inflation, and Bank of England decision.
‘Dark clouds’ over London’s asset managers here to stay, analysts warn January 3, 2024 London’s beleaguered asset managers may be battling against lingering “dark clouds” in the coming years as investors shift their cash into so-called alternative assets and hunt for lower cost funds, analysts have warned.
Jet2 shares slump despite soaring financial performance, as boss says he will step aside July 6, 2023 Leisure travel company Jet2 reported pre-tax profits of £390.8m, soaring 48 per cent from pre-pandemic levels, as it capitalised on an “enormous surge” in travel demand. The Leeds-headquartered firm reported revenues surge 40 per cent higher then pre-Covid to just over £5bn in its full year results., The company stated that consumer confidence to travel [...]
Government warned that a poor investment climate risks new UK energy projects August 3, 2023 The UK’s investment climate must be improved if the government wants to attract more private sector funding for renewable projects.
Court blocks Mastercard’s bid to exclude three million dead people from collective action lawsuit November 30, 2022 A UK appeals court has blocked Mastercard’s bid to prevent three million dead people from participating in a £10bn class action lawsuit against the credit card company. The UK’s Court of Appeals refused to exclude three million individuals who died after the class-action lawsuit was first filed against Mastercard in September 2016. The decision comes [...]
Crypto evangelicals and the collapse of FTX are the reason we need to regulate February 2, 2023 You only have to look back as far as last year where we saw the high-profile collapse of the crypto exchange FTX, or indeed the collapse of the supposed stablecoin Terra (Luna).
UK continues to ‘dodge recession’ as private sector growth at six month high December 15, 2023 This comes as the UK economy has been flirting with a recession for more than a year, battling stubborn inflation, high energy bills.
Burger King father-son team acquires London favourite Crosstown Doughnuts June 5, 2024 A father-son team who once led the largest Burger King franchise in the UK have acquired Crosstown Doughnuts after the brand launched a search for new investment earlier this year.
Will the tail-end of summer mean more pain for the UK housing market? August 26, 2023 August, like much of the summer, has already proved a tricky month for the housing sector. Despite all major central banks slashing their rates in the wake of cooling inflation, buyer confidence still appears to be low. Last week’s Rightmove figures showed that the average price of a home fell by 1.9 per cent in [...]
Experts question surge in buybacks after record spree in 2022 May 22, 2023 Experts have raised questions about the spate of share buybacks undertaken by UK companies over the past year. Buybacks reached record levels globally in 2022 according to recent figures from Janus Henderson, rising 22 per cent year-on-year to hit $1.3trn. Buybacks were worth 94 per cent of dividends in 2022, compared to 52 per cent [...]