Labour pledge pensions review in bid to boost UK growth November 14, 2023 Labour would review the UK’s entire pension system in a bid to channel billions in retirement savings towards the nation’s growth, Rachel Reeves has said.
UK digital ad spend continues to see ‘extremely strong growth’, despite economic uncertainty October 25, 2023 A total of five per cent year-on-year growth was reported in the UK's digital advertising market — despite ongoing economic uncertainty.
Bond yields are rising. Here’s why markets are worried about what’s next. October 23, 2023 Concerns are growing that the rise in government bond yields around the world will have knock-on effects throughout the financial system.
FTSE 100 close: London rises on Fed official’s comments amid Israel-Gaza uncertainty October 10, 2023 London’s FTSE 100 index soared as markets reacted well to comments by a top official at the Federal Reserve, despite ongoing uncertainty looming due to the war with Israel and Gaza. The capital’s premier bluechip index closed 1.82 per cent higher at 7,628.21, lifted by Ocado, Anglo American and Flutter. Down the most since March, [...]
Prime minister ‘should be able to fire’ Bank of England governor: Top Tory October 2, 2023 The Prime Minister of the day “should be able to fire the governor of the Bank of England”, Lord David Frost has said.
Government won’t create single insolvency regulator in its industry overhaul September 12, 2023 Insolvencies will not be regulated by a single body, after the government dropped plans to create a solo watchdog for the sector. Ministers had proposed setting up a single regulator of insolvency practitioners to run within the insolvency service – but have since reversed on the idea. The move comes as high street retailer Wilko [...]
Oil sorted? OPEC gambles on demand revival to boost flagging prices July 10, 2023 OPEC and its allies are banking on demand to rebound and prop up oil prices. If they're wrong, it's time to reassess their influence.
Peel Hunt records £1.5m loss as revenue down almost £50m amid ‘extraordinary’ market turmoil June 16, 2023 Investment banking firm Peel Hunt recorded a loss of £1.5m after warnings the UK is experiencing “extraordinary” market turmoil. The company reported revenue of £82.3m, down £48.7m on last year’s £131m, it made a loss before tax of £1.5m – a drop from the previous 12 months’ pre tax profits of £41.2m. CEO Steven Fine [...]
FCA hits broker ED&F Man Capital Markets with record £17.2m fine over cum-ex trading June 5, 2023 The Financial Conduct Authority has hit City broker ED&F Man Capital Markets with a record £17.2m fine for “serious failings” in its oversight of a murky cum-ex trading strategy. In a statement today, the watchdog said the failings from ED&F Man allowed it to collect millions of pounds of fees for the trading strategy as [...]
FTSE 100 close: London markets round off the week in the green as US economy impresses again June 2, 2023 London markets recorded one of their best days in months as investors were buoyed by a strong jobs report from the US suggesting its a long way off recession. The capital’s premier index climbed 1.46 per cent to 7,599.29 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of [...]