China’s services activity slows, employment shrinks in April: Caixin PMI May 6, 2024 China's services sector grew slightly slower due to higher costs in April, but there's still optimism with increased new orders and positive business sentiment, suggesting a continued economic recovery, according to a recent private sector survey.
Long-term sickness: How worsening mental health is holding back the economy May 4, 2024 Economic inactivity, driven by long-term sickness, is fast becoming one of the most pressing challenges facing the UK economy.
Nobel Prize-winning economist: Here’s what Labour should do to improve the economy May 3, 2024 "I really think they're under-promising," Stiglitz told City A.M. "They're not going far enough. I understand why they do not want to be as aggressive as I would be."
FTSE 100 today: London shares set to open higher, following global tech-driven rally May 3, 2024 Asian stocks surged today, buoyed by Wall Street's tech-driven rally. Apple's record buyback plan lifted its shares, while the yen strengthened and oil prices rose. Labour also made gains in local elections. Attention now turns to the US non-farm payrolls report for economic cues.
Apple shares surge 6 per cent on earnings report and historic $110 billion buyback May 3, 2024 Apple's stock surged by over 6 per cent in after-hours trading on Thursday after the tech giant surpassed analysts' subdued expectations for quarterly revenue and announced the largest share buyback program in US history.
Coutts under pressure for pulling £2bn out of London stock market May 2, 2024 Royal bank Coutts is facing criticism from City figures over plans to pull roughly £2bn of clients' funds out of London's stock market.
Goldman Sachs to scrap bonus cap for London-based staff May 2, 2024 "We are a global firm and to the extent possible we adopt a consistent global approach across everything we do," Gnodde said.
UK set to face ‘sluggish’ growth in the face of sticky inflation and Bank of England interest rate hikes May 2, 2024 "This forecast is not particularly surprising given our priority for the last year has been to tackle inflation with higher interest rates," Chancellor Jeremy Hunt said.
Octopus is the UK’s top home electricity supplier – what powers its success? May 2, 2024 Ofgem recently confirmed that Octopus Energy has edged out British Gas to become the nation’s largest domestic energy supplier. The news follows the company’s takeover of Shell Energy (and its 1.3m customers) in 2023. But the last two years have been a fraught time for energy firms in terms of public opinion: if they’ve earned [...]
Booming tech sector helps London reclaim crown as Europe’s FDI capital May 2, 2024 London returned to its top spot as Europe's most important destination for foreign direct investment (FDI), new figures show.