Share price plummets: Sorrell’s S4 Capital downgrades outlook as tech slowdown bruises ads market September 18, 2023 Shares in Sir Martin Sorrell’s S4 Capital plunged as much as 27 per cent at market open after it reported a mix bag of updates for the first half of 2023, with a strong technology division failing to make up for a slow ads market elsewhere in the business. The firm reported an operating loss [...]
Chinese city leads global house price growth as Europe lags behind December 20, 2018 The Chinese city of Xi’an recorded the highest level of house price growth this year as Asia pulls ahead of a sluggish European market. House prices in Xi’an, which is the capital of Shaanxi Province in central China, grew 20 per cent in the year to September, according to Knight Frank’s Global Residential Cities Index. [...]
Sunak insists he is ‘low-tax’ Tory – as UK set for record burden April 13, 2023 Prime Minister Rishi Sunak has insisted he is a “low-tax Conservative” despite the UK being on course for the highest burden of the post-war years. Sunak maintained he wanted “to make sure we can lower taxes over time” but said it was vital to “get inflation down and get borrowing under control” as a first [...]
Return on property value: Is it time to sell if you live in this part of London? May 5, 2021 Recent ONS figures suggest that UK house sales have increased by 160 per cent since January, and show no sign of slowing down any time soon. Average house prices across the UK increased 8.6 per cent in the year to February, the highest house price growth recorded in the UK since October 2014. One of the trends that [...]
Currys: Could Mike Ashley’s Frasers Group enter bidding war? February 19, 2024 Electricals retailer Currys hit the headlines over the weekend after it emerged it could become the latest big name to leave the London Stock Exchange in a huge take-private deal.
Bharti’s BT buy a ‘confidence boost’ for FTSE 100 telecom giant August 12, 2024 Bharti Global’s decision to buy a large stake in BT from debt-laden Altice UK has been hailed as “confidence boosting” for the British telecom giant, according to analysts. BT shares surged over six per cent in early FTSE 100 trading following reports that the Indian telecom firm will acquire a 24.5 per cent stake from [...]
FTSE 100 close: London markets rise strongly after June inflation comes in lower than expected July 19, 2023 London markets breathed a sigh of relief on Wednesday after inflation finally came in lower than expected. The bluechip FTSE 100 closed 1.8 per cent higher at 7,588.20 while the midcap FTSE 250 index, which is more aligned with the health of the domestic economy, ended 3.8 per cent higher at 19,322.52. Investors were buoyed [...]
FTSE 100 today: London shares to open lower amid fading US rate cut hopes, Middle East tensions April 16, 2024 Asian stocks faltered after Wall Street's tech slump, while oil prices surged due to Middle East tensions. China's Q1 GDP soared at 5.3 per cent, yet March's new home prices plummeted. Additionally, the yen hit its lowest level since 1990. Eyes are now on the UK employment data and Fed Chair Powell's speech.
Wages jump at fastest pace outside of Covid-19 but inflation erodes finances for 18th straight month June 13, 2023 Workers in Britain have pocketed the largest pay increases on record outside of the Covid-19 pandemic, but inflation is still sharply eroding their finances, official figures out today reveals. Numbers from the Office for National Statistics (ONS) showed the average worker in the UK received a 7.2 per cent wage increase in the three months [...]
PMI: House building shrinks for first time since beginning of pandemic July 6, 2022 A slowdown in the UK economy triggered by the cost of living crisis has led to house building stalling, a closely watched survey published today reveals. Activity in the UK house building sector dropped for the first time since May 2020, when the country was in the teeth of the most onerous pandemic restrictions, according [...]