Burnham’s ‘costly’ policy agenda sparks investor nerves Markets Andy Burnham’s “costly” policy agenda and the resurgent threat of inflation are weighing on investors’ appetite for the UK, according to a closely-watched survey of top money managers, which also revealed waning hopes of a rebound in London’s IPO market this year. Berenberg’s Investor Barometer, which polled 300 international investors managing a combined $1 trillion, [...]
Economic optimism slumps to lowest level since records began Economics Brits’ optimism in the state of the UK economy has fallen to the lowest level since records began in a fresh blow to Rachel Reeves, with the majority expecting the situation to get even worse. That’s according to new data from the latest Ipsos Economic Optimism Index (EOI), published the same day that the rate [...]
Bond traders hit out at ‘chorus’ of high tax advocates in No 10 Markets Bond traders have hit out at the “chorus” of Westminster voices advocating for higher taxes as government borrowing costs soared to the highest level seen this century. Gilt yields, which feed into the cost the government will have to pay bondholders through debt interest payments, soared to their highest level since 1998, with the interest [...]
Berenberg: Labour welfare row will lead to tax hikes and higher interest rates June 26, 2025 Divisive party politics at the top of the Labour government stand to prevent the Bank of England from making further interest rate cuts, given struggles to curb spending, a leading City broker has warned. The government is embroiled in another row over spending cuts, as £4.8bn in welfare budget savings look set to be watered down following a [...]
Will Trump tariffs end up helping Next, M&S and Dunelm? April 8, 2025 UK heavyweights who aren’t exposed to the US market, like Next and M&S, may end up seeing some silver linings from Trump’s tariffs, according to analysts. Only a few UK retailers – namely JD Sports, Doc Martens and Burberry – sell to the states and produce in eastern Asia. Berenberg analysts said that positives from [...]
M&S: City broker slashes share price target on lower profit prospects January 10, 2025 Berenberg has downgraded its share price target for Marks and Spencer following lower estimates of long-term growth for the high street darling. The broker downgraded its price target from 410p to 384p, a cut of six per cent, due to a decrease in its profit estimate. “The potential for upside surprise now looks more limited [...]
Amplats: will the precious metal miner bring touch of sparkle to City? July 24, 2024 Ever since shrugging off repeated bids from rival Australian miner BHP, Anglo American has been promising shareholders a major restructuring. The FTSE 100 mining giant pledged to deliver a “radically simplified” portfolio that would focus on its core mining divisions, copper, premium iron ore and crop nutrients. The sweeping restructuring, which was a condition of [...]