Shanghai Surprise: Chinese manufacturing slips in worrying sign for world economy October 31, 2023 Lower than expected manufacturing numbers have spooked Asian markets this morning as China provides warning on state of global economy
Oil prices surge after Hamas attack on Israel raises supply fears October 9, 2023 Oil prices have spiked amid growing political uncertainty in the Middle East, following Hamas' attack on Israel.
FTSE 100: London markets rise after inflation comes in unexpectedly steady February 14, 2024 The daily London update: Moving news from the FTSE 100 and around the world from City A.M.'s newsroom in the heart of the Square Mile.
London is being hollowed out of clever 20-year-olds refusing rent hikes February 16, 2023 Young, talented people are leaving London in flocks because they can't afford the record spike in rents. It risks making the capital a place for the super wealthy only, writes Elena Siniscalco
Wall Street: US stocks plunge on fears that interest rates will stay high September 22, 2023 Wall Street fell sharply in an ugly day for stocks worldwide on expectations that US interest rates will stay high well into next year. The S&P 500 lost 1.6 per cent for its worst day since March. That followed a drop of 0.9 per cent from Wednesday after the Federal Reserve indicated it may cut [...]
Cazoo racked up debts of over £260m as it collapsed into administration July 16, 2024 Cazoo racked up debts of more than £260m as it collapsed into administration earlier this year, it has been revealed.
Housing market confidence cools in November November 30, 2020 Confidence in the UK housing market cooled in November, with fewer people thinking that their property increased in value compared to last month. Bankers Halifax said that just 14 per cent of people surveyed said that they believed their home had become more valuable this month, compared with 17 per cent in September and October. [...]
Let’s be honest, culture wars campaigns won’t win voters in a cost-of-living crisis October 19, 2023 Australians just showed us why campaigns based on culture war issues don't work, writes Matthew Lesh
Have Brits fallen out of love with DIY? B&Q and rival Wickes eye lower profits after costs soar and demand dwindles March 20, 2023 B&Q owner Kingfisher and rival Wickes are set to reveal falls in profits over the past year as surging costs dampen the outlook for the home improvements market. Kingfisher, which runs B&Q and Screwfix, has previously indicated its sales and profits have weakened over the past year, as it also saw DIY demand from locked-down [...]
Hunt downplays tax cuts odds, conceding calming inflation is tougher than feared July 8, 2023 Tax cuts was growing less likely as Chancellor Jeremy Hunt signalled the pledge to halve inflation was proving harder than expected.