FTSE 100: London markets slip as investors fret over China and global slump August 17, 2023 The FTSE 100 has slipped lower at the open this morning as investors fret over the impact of inflation and a slowing global economy.
Rishi Sunak: Brits will never have it so good (next year) despite ‘real risk’ of recession August 17, 2023 Rishi Sunak has outlined his hopes to ensure Britons feel better off next year, amid warnings that the UK economy faces a “very real risk” of recession due to higher interest rates. The Prime Minister attempted to strike an optimistic tone when asked about efforts to tame inflation, as he said there is a need [...]
FTSE 100 live: London flat after inflation fall as Admiral and Aviva lead gains August 16, 2023 The FTSE 100 started Tuesday flat with investors still worried about a further rate hike by the Bank of England despite a drop in inflation. The capital’s premier blue-chip index opened low, fluctuating between 0 and 0.01 per cent in the first hour of trading, sitting at 7,388.08 by 09.45. Headline inflation dropped to 6.8 [...]
‘The plan is working’: Sunak hails falling inflation – but PM warned targets still in jeopardy August 16, 2023 Rishi Sunak and Jeremy Hunt have welcomed today’s dramatic fall in inflation to 6.8 per cent, with the prime minister saying it shows his “plan is working”. The government welcomed today’s news of falling headline inflation, despite expectations the Bank of England is still likely to hike interest rates for a 15th straight time. However, [...]
Headline inflation slows again but Bank set for further rate rise August 16, 2023 Inflation has fallen to 6.8 per cent thanks to energy price falls, but core inflation remains sticky
FCA: One in 10 interest-only mortgage holders may be ‘overly optimistic’ on debt August 15, 2023 One in 10 interest-only mortgage holders might be “overly optimistic” about paying off their debt when the time comes, the City watchdog has suggested.
Would CVC ever consider a London listing? August 15, 2023 Buyout giant CVC is reported to have revived its listing plans in recent weeks and is heading for a blockbuster float on Amsterdam’s Euronext bourse.
FTSE 100 close: Wage growth fuels rate fears as M&S soars and B&M drops on Wilko speculation August 15, 2023 London’s FTSE 100 ended Tuesday down more than 1.6 per cent, as record-breaking wage growth fueled speculation of a 15th straight Bank of England rate hike. The capital’s blue-chip index was down 1.63 per cent by close of play to to 7,384.94, weighed down by listed investment firm Abrdn, down three per cent, alongside Pheonix [...]
Unemployment to remain unchanged at four per cent as jobs market cooling continues August 14, 2023 Experts are expecting the slow cooling of the jobs market to continue when the Office for National Statistics (ONS) releases new data on Tuesday morning. The unemployment rate in the three months to the end of June is expected to remain unchanged at 4.0%, according to a consensus supplied by Pantheon Macroeconomics. But within this [...]
FTSE 100 close: London subdued on quiet earnings day as YouGov mulls US listing August 14, 2023 London’s FTSE 100 started the week in subdued fashion, as a quiet earnings day was overshadowed by reports that YouGov is mulling a US listing. The capital’s premier blue chip index closed the day on 7,495.24 points, down 0.88 per cent, while the FTSE 250 index, which is more aligned with the domestic economy, was [...]