Oil markets await US inflation data as IEA maintains tight supply predictions July 12, 2023 Oil prices are flat in this morning trading session, as investors await the latest US inflation data for signs of future rate-hikes.
FTSE 100 close: London index nips higher as Bank of England rate hike bets step up July 11, 2023 London’s FTSE 100 crept higher today as another set of hotter than feared wage numbers pushed pound sterling to its highest level in 15 months. The capital’s premier index nipped 0.12 per cent higher to 7,282.51 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, [...]
Government looks to scrap EU short selling rules in post-Brexit deregulation drive July 11, 2023 The government is looking to ditch EU-era short selling rules and will scrap a requirement for individual investors to reveal their bets against companies as part of a post-Brexit push to scrap red tape in the City.
Pension funds may need a nudge into the stock market after £50bn start-up pledge, says City minister July 11, 2023 The government may next need to push top pension funds to invest in London’s stock market as ministers look to solve a dearth of domestic investment in Britain’s big listed firms, the City minister has said.
UK must prioritise financial inclusion over the City’s competitiveness, says former FCA chair July 11, 2023 The UK “can’t go on” prioritising the competitiveness of the City over the financial access of millions of vulnerable people during a cost of living crunch, the former chair of the Financial Conduct Authority has warned.
Can Jeremy Hunt’s Mansion House reforms cure London markets’ malaise? July 11, 2023 Jeremy Hunt’s package of City reform has been hailed by top figures across the Square Mile today - even as one top money manager cast doubt on whether it would prove the right elixir for London’s market woes.
The FTSE 100 has done us all dirty… again July 11, 2023 The FTSE 100 has done us all dirty yet – again. Over and over it marches us up a hill only to send us back down again. Former Bank of England governor Mark Carney is often referred to as the “unreliable boyfriend” of monetary policy making for his comments signalling he and the MPC would [...]
Government’s aid investor: Why only the private sector can lift people out of poverty July 11, 2023 In 1948, the chair of the Colonial Development Corporation Lord Reith described the newly formed state-backed body’s role as to “do good without losing money”. Since then it has been through a number of understandable rebrands and rejigs. It swapped its title for the Commonwealth Development Corporation in 1963, before winning a mandate from government [...]
FTSE 100 close: London index muted as interest rate fears linger July 10, 2023 London’s FTSE 100 kicked off a new week just about in the green today as a reduction in UK debt costs gave the index a reprieve from a torrid time of late. The capital’s premier index edged 0.23 per cent higher to close at 7,273.80 points, while the domestically-focused mid-cap FTSE 250, which tends to [...]
DWF shares surge 40 per cent amid takeover talks with private equity firm July 10, 2023 Shares in legal services outfit DWF rocketed today after the firm revealed it was in talks with London-based Inflexion Private Equity Partners regarding a possible buyout. In a statement to the London Stock Exchange, DWF said it was in talks for a deal worth about £342m. Shares in DWF soared as much as 40 per [...]