Stop Red Sea attacks, foreign secretary tells Houthis after latest UK-US air strikes February 4, 2024 The Foreign Secretary has implored the Houthis to stop their “reckless” attacks on international shipping in the Red Sea following the latest UK-US air strikes.
Bank of England leaves interest rates on hold with Bailey hailing ‘good news’ on inflation February 1, 2024 The Bank of England has kept interest rates on hold for the fourth meeting in a row while policymakers pushed back against expectations of imminent rate cuts. The decision means the Bank Rate remains at a post-financial crisis high of 5.25 per cent, a level reached last August. Six members of the nine-strong Monetary Policy [...]
Glencore: Mining giant expects profits to hold despite key metals output slump February 1, 2024 Glencore expects production of nickel, cobalt and copper to come in lower this year on top of already depreciated levels
FTSE 100 today: London markets brace for cautious start amid weak global cues, BoE policy decision holds key February 1, 2024 Asian markets mimic Wall Street's decline while oil prices rise amid Middle East tensions. Investors await the Bank of England policy decision and focus on upcoming earnings reports from Apple, Amazon, and Meta.
Cashing out: UK investors were ‘most negative’ last year with exodus from equities January 31, 2024 UK investors were the “most negative” of any country in 2023, withdrawing $1.8bn (£1.4bn) from equity funds throughout the year. Globally, the value of mutual funds rose to $10.7trn throughout 2023, largely due to surging asset prices, undoing the damage done by mass withdrawals in 2021, data from Calastone’s Global Fund Flows report revealed. The [...]
Yemen’s Houthi Red Sea attacks and fresh Jordan violence weigh on oil as Middle East unease widens January 29, 2024 Trafigura is the latest major commodity shipper to be targeted by Houthi rebels
Shipowners and traders gear up for legal clashes over Red Sea conflict January 28, 2024 The shipping industry is gearing up for legal clashes over who is liable for costs and damages incurred when transiting the Red Sea.
ECB holds interest rates at 22-year high as Lagarde warns rate cut talk ‘premature’ January 25, 2024 Although markets expected rates to be left on hold, investors were looking out for any signs that interest rates will be lowered.
UK economy off to ‘promising start’ in 2024 but firms reveal impact of Red Sea crisis January 24, 2024 The survey measures business activity in the private sector. Anything above 50 indicates business activity is expanding.
Energy security is a must, but UK’s absurd oil and gas bill won’t help January 24, 2024 The oil and gas bill is a misguided solution to the UK's energy woes; we must focus on renewables instead, writes Nigel Pocklington.