FTSE 100: What’s moving markets today? March 7, 2024 Asian markets echoed Wall Street's gains, with Bitcoin topping $69,000. Fed Chair Jerome Powell's reaffirmed rate cut stance grabbed attention, while eyes now turn to the ECB's policy decisions.
Week ahead: More inflation woe to pile pressure on Bank of England to act July 17, 2022 Inflation bumped higher last month, reinforcing pressure on the Bank of England to motor through rate hikes, according to City analysts. London’s premier FTSE 100 index notched a poor performance last week, losing a shade over 0.5 per cent to finish at 7,159.01 points. The domestically-focused mid-cap FTSE 250 index, which is more aligned with [...]
Bank of England risks steering UK into needless recession with more interest rate hikes June 20, 2023 Back in November, the Bank of England took the highly unusual step of explicitly telling financial markets to calm their sky high bets on where interest rates might end up. “Should the economy evolve broadly in line with the latest monetary policy report projections, further increases in bank rate may be required for a sustainable [...]
Recession to be more than twice as bad as first feared, forecasters warn January 23, 2023 The much touted coming recession in Britain will be twice as bad as first feared, new forecasts out today reveal. Soaring prices coupled with the Bank of England’s efforts to tame them are set to deal a heavier blow to GDP than projected just a few months ago. According to the EY Item Club, the [...]
As we move away from a risky dependency on fossil fuels, the City leads the way in shaping a safer green future December 19, 2022 With the arrival of winter’s first snow last week, there is a chill in the air and energy consumption across the UK is rising. The strain on energy use has been particularly acute for households and businesses this year. Russia’s invasion of Ukraine and post-pandemic supply chain struggles have driven soaring prices just at a [...]
Interest rate rise and what it means for you February 3, 2023 The Bank of England has raised interest rates to four per cent, in a widely-expected move that has implications for both borrowers and savers. Adjusting personal finances to this ‘new normal’ of higher interest rates will be a challenge for most households, admitted Paul Wilson, chief Investment officer at Channel Capital. He said although a [...]
Trafford Centre: Profit slashed despite revenue nearing £100m at Manchester shopping icon July 24, 2024 The company behind Manchester's Trafford Centre has seen its profit more than halve despite its revenue soaring to almost £100m, according to newly-filed documents.
Backing the central bank pivot is a risky bet October 25, 2022 It is easy to criticise central banks for heaping pain on households and businesses. But, this is exactly what they are supposed to do under current economic conditions. Inflation in the UK, US and eurozone has hit 10.1 per cent, 8.2 per cent and 9.9 per cent respectively, all historic highs. The Bank of England [...]
Ageas’s interest Direct Line shows just how far the UK’s insurers have come since Covid March 9, 2024 And it is hard to overstate how difficult personal line insurers—by which we mean insurers whose customers are people, as opposed to businesses—like Direct Line, Admiral and Aviva have found business in the post-pandemic era.
Budget cuts see profit slashed at production firm behind BBC’s The Responder July 15, 2024 The Freemantle-backed production company behind programmes including Channel 4's Big Mood and The Responder for the BBC has seen its profit slashed in half amid "budgetary pressures" on UK television channels, according to newly-filed documents.