London rents surge to record high of more than £2,500 as experts warn of no let up in sight April 28, 2023 London rents have surged to their highest level on record and experts have warned there is little sign of the capital’s housing market improving any time soon, fresh figures out today reveal. The cost per month of renting a property in London climbed 14 per cent over the last year to £2,501, according to search [...]
UK to avoid recession but inflation won’t return to Bank of England target until end of next year April 28, 2023 Britain is poised to dodge a recession this year, but inflation will not return to the Bank of England’s two per cent target until the end of next year, new forecasts out last night revealed. The fresh projections from consultancy PwC add to the growing body of organisations who have canned their prediction that the [...]
FTSE 100 close: Barclays surge fails to prevent losses on London index April 27, 2023 London’s FTSE 100 slipped today, pushed lower by investors wobbling over concerns about the health of the global economy amid banking and interest rate fears. The capital’s premier index dropped 0.27 per cent to 7,831.59 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, climbed [...]
Molten Ventures tech portfolio slumps nearly £200m – but it’s not all doom and gloom April 27, 2023 Listed venture vehicle Molten said the value of its holdings had slumped by more than £200m in the year to the end of March as high-growth tech firms are buffeted by an economic downturn.
CBI to be renamed in bid to rebuild after sexual misconduct scandal, new boss says April 27, 2023 The new boss of the Confederation of British Industry (CBI) has said that the scandal-hit business lobby group would likely be renamed as the organisation looks to rebuild after a sexual misconduct scandal. In the last week, there has been a mass exodus of businesses from the CBI, including prominent groups such as John Lewis, [...]
Schroders calls in new finance chief as assets tick upwards April 27, 2023 Schroders has announced its finance chief Richard Keers will step down from the firm later in the year as it reported a bump in assets under management in the first quarter.
London Stock Exchange Group posts rise in profits as data division cashes in April 27, 2023 The London Stock Exchange Group said its “strategy continues to deliver” this morning as it shrugged off a slowdown in equity markets and notched a rise in profits in the first three months of the year. In a trading update today, the owner of the London Stock Exchange said gross profits had risen 13.9 per [...]
Short seller issues fresh warning to Labour MP after suggesting Kremlin links April 27, 2023 Labour MP Liam Byrne has come under fresh pressure from City short-seller Fraser Perring today after failing to cough up evidence for his allegations the investor was acting on behalf of the Russian state.
UK export market is growing and is expected to grow further: Sponsored April 27, 2023 | Sponsored British businesses are ambitious for international growth and see exporting as key to their success. That’s according to recent research from Alibaba Group, in partnership with the Institute of Export and International Trade. The survey of more than 3,000 UK businesses revealed buoyant export activity, with those businesses that export generating nearly half of their [...]
London Stock Exchange chief: Risk aversion is holding back our capital markets April 26, 2023 British investors need to better understand risk if the UK is to realise the potential of its capital markets, the chief of the London Stock Exchange said today, as top City figures were grilled by MPs on an exodus of firms away from London.