Recession: Experts divided on whether UK economy will avoid dreaded R word September 11, 2023 The UK economy has avoided a recession so far this year, to the surprise of many analysts, but that does not mean it is out of the woods yet.
Blackrock rejected Glencore green plans despite chief’s pull away from ESG September 10, 2023 Blackrock has slammed “inconsistencies” in the climate policy of mining giant Glencore and voted against the firm’s green strategy at its annual general meeting earlier this year, according to new filings.
ECB tipped for ‘pregnant pause’ as slowing growth ties rate-setters’ hands September 10, 2023 Slowing European growth is likely to lead rate-setters at the European Central Bank (ECB) to leave interest rates on hold, economists expect. When it meets on Thursday of this week, inflation in the eurozone will stand at 5.3 per cent, unchanged from the month before but down from a peak of over 10 per cent [...]
Friend or foe? Why short sellers are in the headlines again September 9, 2023 Short sellers can call out fraud and malfeasance but many want a firmer regulatory watch over their activities
Home insurance: Price of a quote jumps by a quarter – and London is worst hit September 8, 2023 The average quoted price of home insurance has surged by around a quarter (25.7 per cent) annually, according to an index – and London is worst impacted. Data analytics firm Consumer Intelligence, which compiled the report, said this is the biggest jump it has seen in records going back to 2014. The average premium quoted [...]
FTSE 100 live: London rallies at end of week after mixed bag for European and US markets September 8, 2023 The FTSE 100 rallied at the end of the week to finish up by half a percent, after a mixed bag in Europe and US markets weighed down sentiment earlier on. London’s premier bluechip index was at 7,478.19 points by close, finishing 0.49 per cent up after hovering between being under marginally up and down [...]
Inflation: Firms expect to hike prices at slowest rate since November 2021 September 7, 2023 Firms are expecting price and wage growth to ease over the coming months, giving rate-setters a boost in their fight against inflation.
UK ahead of EU as bloc likely to ‘slip into recession’ September 7, 2023 The UK grew ever so slightly faster than the EU in the second quarter as falling exports brought growth in the bloc to a near standstill.
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.
ONS to review ‘best practice’ for data revisions after GDP upgrade September 6, 2023 The ONS has asked the statistics regulator to help it analyse its modelling techniques after it published major revisions to its GDP data.