Moving markets: Five things shaping the FTSE 100 today January 30, 2024 Asian stocks stand firm in the wake of Wall Street's record highs, while oil prices surge amidst escalating Middle East tensions, shifting investor attention towards the Federal Reserve, Bank of England, and Q4 tech earnings.
Analysis: A growing economy and falling energy bills, the stars could be aligning January 13, 2023 Britain might narrowly avoid a technical recession, energy prices could be falling , and mortgage borrowing costs might not be as crippling. Sascha O’Sullivan looks at the good news.
FTSE 100 today: London markets set for muted open ahead of US PCE inflation June 25, 2024 Asian markets quieted post-Wall Street tech sell-off, with Nvidia falling 6.68 per cent. All eyes are on US house price data and Fedspeak.
Week ahead: City eyes fresh borrowing figures for signs of spending slowdown March 27, 2022 Investors will be keeping a close eye on fresh economic data this week for further signs of the cost of living crunch hitting spending. A flurry of downbeat economic announcements and data last week did not derail the capital’s premier FTSE 100 index, which added over one per cent to reach 7,483.35 points by the [...]
FTSE 100 Close: London finishes in red on fears of stubborn inflation August 31, 2023 London’s FTSE 100 was subdued today on fears of stubborn inflation keeping investors quiet, finishing in the red after being on one of its longest winning streaks in months. The capital’s premier blue-chip index finished 7,452.87, 0.28 per cent down, after spending all day in the green. By 2.30 it was at 7,488.29, about 0.2 [...]
Pound on crash course to record low against US dollar September 1, 2022 The pound is on course to plunge to a record low against the US dollar driven by the UK tumbling into a tough recession, City economists warned today. Sterling will drop to $1.05 by the middle of next year, but could fall close to parity with the greenback, according to consultancy Capital Economics. The downbeat [...]
‘Scramble for staff’: Restaurants hike pay by double-digits in attempt to woo staff to stay April 19, 2022 Pubs and restaurants have hiked workers’ pay by an average of 11 per cent in recent months. A staffing blight continues to plague the hospitality sector, according to data from the latest CGA and Fourth’s Business Leaders’ Survey. Almost four in five businesses told the survey that they had increased wages in a bid to [...]
Analysts trim target price at Parsley Box as ready meal firm cuts losses June 1, 2022 Analysts have cut their expectations of ready meal business Parsley Box, despite the firm trimming its losses. Parsley Box’s adjusted earnings before interest, tax, depreciation and amortization (EBITDA) is around 10 per cent better than management expectations for the five months to 31 May, the company said in a statement today. Losses have been cut [...]
No more Netflix and chill: Consumers cancel subscriptions and miss out on meals out amid historic inflation June 7, 2022 Consumers are tightening their purse strings by cancelling digital subscriptions and holding off on buying new sofas, as inflation sits at a 40-year high. Shoppers’ hesitancy to splash the cash on unnecessary treats or big ticket purchases has contributed to a retail sales growth slowdown, according to a tranche of spending statistics published today. May [...]
Week ahead: Fresh GDP figures to reinforce stagnation fears May 8, 2022 Further evidence that the UK economy is headed into reverse is likely to emerge this week when fresh GDP estimates are released on Thursday. A damning set of forecasts released by the Bank of England last week weighed heavily on London’s top companies. The capital’s premier FTSE 100 index fell 1.61 per cent over the [...]