‘Not sustainable’ – French borrowing costs soar amid Budget and election uncertainty Markets France is facing a period of acute bond market stress that could last several years unless the presidential frontrunners for next year’s election commit to tackling its gaping deficit, analysts have warned. The difference between French and German government borrowing costs – a key metric used to determine French debt risk – widened beyond 120 [...]
Inflation spike ‘raises questions’ over health of UK economy Economics 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 [...]
Brooks Macdonald faces continued outflows as takeover rumours swirl Investment Brooks Macdonald investors pulled £154m from the asset manager over the last three months, despite analyst expectations of net inflows, as the company struggles with rumours of a potential takeover attempt.