FTSE 100 close: London markets mixed as weaker pound helps offset fears over China September 7, 2023 The FTSE 100 climbed 0.1 per cent to trade at 7,434.79 although the FTSE 250 remained in negative territory, down 0.1 per cent at 18,425.43.
Fund manager Ashmore sees six per cent profit drop on outflows September 6, 2023 Emerging markets-focused fund manager Ashmore (ASHM.L) reported a six per cent fall in annual profit on Wednesday and assets under management slumped by almost a quarter, as investors sought to curb risk amid choppy financial markets worldwide.
City A.M. opens the London Stock Exchange September 6, 2023 Speaking at Paternoster Square, City A.M. founder and managing director Lawson Muncaster said the morning was "a real sign of the progress we've made since the pandemic".
FTSE 100 close: Rising oil prices and struggling housebuilders hit London indexes September 6, 2023 London markets fell early on Wednesday as rising oil prices raised the prospect of continued inflationary pressures.
Britain to narrowly avoid recession – but meagre growth will make it ‘feel a lot like one’ anyway September 6, 2023 Britain will narrowly avoid a recession this year – but people and businesses will still feel the pain akin to the 2008 financial crash, according to an influential business network. The UK economy is on course to eke out growth of 0.4 per cent over 2023, the British Chambers of Commerce (BCC) predicted in its [...]
Want pension cash in the stock market? Then back my reforms, says research review chief September 6, 2023 Calls have been growing for more pension cash to flow into UK listed firms, after two decades of sharp de-equitisation in which pension cash has fled the market.
Foreign takeovers tumble as rising rates and wild prices scupper London bargain hunt September 5, 2023 The number of foreign buyers swooping on UK firms tumbled sharply in the second quarter as a predicted deals raid sputtered out amid rising interest rates and volatile markets, official figures show.
FTSE 100 close: London markets falls after poor services PMI data raises risk of recession September 5, 2023 By the mid-afternoon, the FTSE 100 was trading around 0.3 per cent higher while the midcap FTSE 250 rose 0.1 per cent.
Bulk up ‘woeful’ pension pots and help save the stock market, UK firms told September 5, 2023 British firms should be forced to ramp up “woefully inadequate” contributions to pension pots in order to boost returns for savers and get money flowing back into London’s beleaguered stock market, a top think tank has said. In a new report today in partnership with Abrdn and Citi, think tank New Financial called for a [...]
FTSE 100 close: London markets slip into red as optimism from China stimulus wears off September 4, 2023 The blue-chip FTSE 100 index fell 0.16 per cent at 7,452.76 while the midcap FTSE 250 index fell 0.1 per cent to trade at 18,524.14.