London Stock Exchange Group beats expectations in ‘particularly strong quarter’ October 24, 2024 The London Stock Exchange Group beat market expectations today as it reported a bump in growth across its divisions in a “particularly strong quarter”. In the three months to the end of September, the owner of London’s stock market recorded gross profits of £1.92bn, up 8.5 per cent on the same period last year and [...]
Andrew Bailey: Inflation has fallen ‘faster than expected’ October 24, 2024 Andrew Bailey, Governor of the Bank of England, said inflation has fallen “faster than we expected” but still warned that more progress would be needed on services inflation. Speaking at a meeting of Institute of International Finance in Washington, Bailey said central banks around the world were seeing a “good story” on inflation. “Disinflation — [...]
Barclays shares hit nine-year high as investment bank helps profit beat forecasts October 24, 2024 Barclays' shares have hit their highest level in nine years after a rebound in investment banking helped its profit beat expectations for the third quarter.
New data bill to loosen red tape for businesses and NHS October 24, 2024 The UK government has introduced a new data bill to parliament to cut red tape for businesses and public service organisations like the NHS, which it claims could add £10bn to the economy over the next decade. The ‘Data Use and Access’ bill plans to make data sharing easier, reducing admin headaches for companies. For [...]
UK dividends fall sharply amid mining payout cuts October 24, 2024 UK dividends fell sharply throughout last quarter as the mining sector cut dividends by £2.6bn and a strong pound pushed down payouts. Dividends from UK companies totalled £25.6bn in the third quarter, down £2.6bn or 8.1 per cent from the same period last year, according to the latest Dividend Monitor report from Computershare. The drop [...]
Rachel Reeves gives clear signal that public investment will increase October 24, 2024 "Our upcoming Budget will be a reset for our economy as we invest in the foundations of future growth," she will say at the International Monetary Fund's (IMF) latest annual meeting.
UK economy downgraded on consumer spending worries October 24, 2024 The Big Four firm predicted that the UK would grow 0.9 per cent this year, down from the 1.1 per cent expansion it projected this summer.
Mark Kleinman: Natwest’s long night’s journey into day is nearly over October 24, 2024 Mark Kleinman is Sky News’ City Editor and is the man who gets the Square Mile talking in his weekly City AM column. This week he tackles the end in sight for Natwest, Post Office drama and a nice Swiss role Natwest’s long night’s journey into day is nearly over At last, the end is sight. Sixteen long [...]
As Boohoo mulls a breakup, why is the retailer underperforming? October 24, 2024 Yougov’s chief executive Steve Hatch takes a closer look at the data behind the biggest stories in business Boohoo recently announced the departure of its CEO John Lyttle – and a potential business restructure that might see the brand sell Debenhams and Karen Millen to retrain its focus on younger consumers. With much analysis of Boohoo’s strategy [...]
London widens lead over New York in green finance rankings October 24, 2024 London has kept its title as the world’s top centre for green finance for a third year, according to an influential think tank, as New York fell further down the rankings.