FCA presses on with listings shake-up in bid to revive London’s barren IPO market December 20, 2023 The FCA has confirmed its shake-up of the listing market in a new set of rules.
FTSE climbs despite Bank’s wobble on interest rate cuts December 14, 2023 The FTSE 100 has climbed to its highest level for almost two months, despite caution from the Bank of England over expectations that interest rates will be slashed next year.
Could 2024 be the year the doom and gloom ends on the London Stock Exchange? December 14, 2023 After a bruising year for the City and the London Stock Exchange, could 2024 offer a glimmer of hope?
Federal Reserve hold rates for third time but hints at future cuts December 13, 2023 The US Federal Reserve has kept interest rates on hold for a third time in a row, as “inflation has eased over the past year but remains elevated”. The announcement from the Federal Open Market Committee (FOMC) today sees the federal funds rate remain between 5.25 per cent and 5.50 per cent, its highest level [...]
US inflation: Consumer prices unexpectedly rise in November as Fed likely to hold rates December 12, 2023 Core prices, excluding volatile items like food and energy costs, also came in line with economists' expectations, rising four on an annual basis.
Marshall Wace partners share £538m payday as turnover at £50bn fund slumps December 11, 2023 According to accounts filed at Companies House, the UK partners of Marshall Wace, the $63bn (£50bn) hedge fund, shared profits of more than £538m last year.
Firms work up a risk appetite as they expect rates to fall next year December 11, 2023 Board directors will take more risk and focus on potential acquisition opportunities next year thanks to an expected fall in interest rates and inflation.
US economy: Third-quarter growth revised up to 5.2 per cent – but momentum waned November 29, 2023 The economy grew at a 2.1 per cent pace in the April-June quarter and is expanding at a pace well above what Federal Reserve officials regard as the non-inflationary growth rate of around 1.8 per cent.
Federal Reserve governor says inflation declines in coming months could warrant rate cuts November 29, 2023 A US Federal Reserve governor said he is "increasingly confident" the central bank's interest rate will prove adequate to lower inflation.
IG Design reports revenue slump following a ‘return to more traditional’ ordering patterns November 28, 2023 IG Design has seen revenue fall as consumers have returned to more normal buying patterns following the pandemic.