Higher UK interest rates could give a boost to productivity January 27, 2025 Analysts at the bank think that more expensive borrowing costs could force firms to employ resources more efficiently.
A ‘painful sequel’ to the Budget may be coming, Deutsche Bank warns January 7, 2025 Businesses should brace for a “painful sequel to the autumn Budget” this year as lacklustre growth raises the threat of further tax hikes from Rachel Reeves, Deutsche Bank has warned. In a note to investors, the investment bank warned that growth was likely to slide below the Office for Budget Responsibility’s (OBR) projections in October [...]
2025 Predictions for Apple, Microsoft, Tesla, and other tech leaders January 6, 2025 The Magnificent Seven group of leading tech companies: Apple, Nvidia, Microsoft, Amazon, Alphabet, Meta and Tesla, gained a combined 63 per cent in 2024, building on 2023’s strong performance. Deutsche Bank revealed the group generated more profit in 2024 than most national stock markets. However, JP Morgan has projected their contribution to S&P 500 earnings [...]
Inflation spike ‘raises questions’ over health of UK economy December 18, 2024 The spike in inflation to 2.6 per cent today has raised questions about the health of the UK economy, according to analysts. The news comes ahead of the Bank of England’s meeting to decide the path of interest rates tomorrow, with markets agreeing that combined with higher-than-expected wage growth yesterday, a cut is off the [...]
Deutsche Bank boss: A ‘wave’ of European bank mergers is coming December 4, 2024 The chief executive of Deutsche Bank has predicted a “wave” of European bank mergers while playing down speculation he could make a bid for domestic rival Commerzbank. Speaking at the Financial Times’ Global Banking Summit on Wednesday, Christian Sewing said consolidation in the sector will accelerate and could be supported further by changes to regulation. [...]
Budget will hurt UK wage growth, Goldman Sachs warns November 18, 2024 UK consumer spending is set to slump next year and dent UK growth, analysts at Goldman Sachs have warned, as the impact of the Budget ripples through the economy. The rise to employers’ national insurance (NI) contributions will lead to slower wage growth for staff and higher costs for consumers, the investment bank wrote in [...]
Budget tax hike could destroy 100,000 jobs, Deutsche Bank estimates November 15, 2024 The hike to employers' national insurance in last month's Budget could end up costing the economy over 100,000 jobs, according to research from Deutsche Bank.
Europe’s banks brace for tougher competition under Trump 2.0 November 9, 2024 Since early 2010, European banking shares have fallen ten per cent, while US lenders have more than tripled.
Bank of England to cut interest rates to 2.75 per cent, Goldman predicts October 21, 2024 The US investment bank argued that Bank Rate would fall to as low as 2.75 per cent by November next year, whereas it had previously expected the terminal rate to be three per cent.
Cavendish slides to loss despite consistent growth July 15, 2024 One of the City's newest investment banks has slashed its dividend after sliding into the red despite rapid growth. Cavendish raked in £48m in revenue in the year ended March 31, up nearly fifty per cent on the previous year.