London set for private equity takeover frenzy as market settles Private equity London is set for a flurry of takeover deals as flush-with-cash private equity firms put money to use as market turbulence begins to settle, analysts have said.
Bank of England’s recession warning hits UK consumer confidence uk economy Fears of a protracted recession as long as the one caused by the financial crisis is weighing on Brits’ optimism, a new survey released today showed. Consumer confidence dipped four points at the beginning of August, according to Bank of America. “Confidence remains weak, consistent with recession, and all components worsened,” the Wall Street giant [...]
Bank of England to launch another jumbo rate hike to tame over 10 per cent inflation uk economy The Bank of England is set to launch a series of jumbo rate hikes to tame inflation that is beginning to be driven by domestic factors, City economists warned today. Prices climbed 10.1 per cent annually in July, the fastest acceleration since February 1982 and much higher than the Bank and analysts’ forecasts, according to [...]
London’s FTSE 100 shakes off new 40-year high inflation as banks jump August 17, 2022 London markets broadly shook off concerns that inflation is firming in the UK as traders poured into banks in anticipation of more rate hikes. The capital’s premier FTSE 100 index inched 0.03 per cent lower to 7,533.81 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK [...]
UK told it must lift digital trade barriers August 17, 2022 Digital trade barriers risk fragmenting the world into regional and national “splinternets” unless governments agree on a shared approach to data regulation and transfers. Financial services lobby TheCityUK yesterday warned that digital trade has become increasingly difficult and costly, with restrictions on international data transfers more than doubling in the last five years. It said [...]
Number of company administrations set to rise this year, analysts predict August 16, 2022 More UK companies are set to enter administration this year than last year, analysts have warned. Risk consultancy Kroll said yesterday that it predicted that the UK could face up to 895 company administrations in 2022, compared to just 659 in 2021. So far there have been 522 administrations this year, with an average of [...]
Easing China economy slowdown fears sends miners to top of London’s FTSE 100 August 16, 2022 Easing fears over a slowdown in the Chinese economy boosted London’s premier FTSE 100 index today. The FTSE 100 jumped 0.36 per cent to 7,536.06 points, while the mid-cap domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, fell 0.23 per cent to 20,336.41 points. Figures published earlier this [...]
Over half of money managers bet on global recession this year August 16, 2022 Over half of investors are fretting over the global economy tumbling into recession this year, new figures released today show. Some 58 per cent of money managers think global output will shift into reverse, up from a minority of 47 per cent, according to Bank of America’s latest global fund managers’ survey. The latest reading [...]
Westbrooke Associates: Investment Strategies for Turbulent Times August 16, 2022 Many factors are attributed to 2022 being one of the most volatile global markets on record. Averse to instability and the unknown, currently, markets are enduring rising inflation and geopolitical uncertainty. Taking into consideration the Ukraine conflict, disruption of Russian energy exports, rising food costs and energy prices, it’s no wonder that market volatility is [...]
Furious UK to launch dispute proceedings against EU this week for breaking Brexit trade deal August 16, 2022 The British government is planning to launch formal dispute proceedings against the European Union as soon as this week. The UK thinks Brussels is breaking their agreed post-Brexit trade agreement by excluding Britain from three international science projects, according to Bloomberg News. Britain is furious that the EU refuses to grant the UK access to [...]