Columbia Threadneedle suspends UK property fund over cash fears October 12, 2022 Fund manager Columbia Threadneedle said it had suspended trading in its £453m UK property fund last night after a run from investors caused a cash crisis.
Rees-Mogg: Bank’s tame rate hike could have sparked pension crisis October 12, 2022 Jacob Rees-Mogg looked to shift the blame of the pensions crisis onto the Bank of England this morning as he claimed it could have been sparked by Threadneedle Street’s failure to hike interest rates more aggressively.
Qinetiq doubles down on profit targets despite ‘challenging’ environment October 12, 2022 Defence giant Qinetiq doubled down on its profits targets today after locking in £800m orders in the first half of the year despite a “challenging” economic environment,
PageGroup warns of slowdown as profits hit £270.5m October 12, 2022 Recruitment giant PageGroup warned it had seen a "slight softening" in employers' confidence today as it reported a 14 per cent jump in profits the third quarter of the year.
Housebuilder Barratt warns volatility is clouding outlook October 12, 2022 Housebuilder Barratt Developments warned that economic volatility was clouding the picture for the year ahead today but doubled down on profit targets for the remainder of the year.
Bank of England steps up bond market support again to tame ‘risk to financial stability’ October 11, 2022 The Bank of England today stepped up its emergency bond buying scheme to tackle “a material risk to UK financial stability”. It is the second time in as many days the Bank has ramped up support for the UK bond market, underscoring the scale of volatility it is grappling with. The monetary authority led by [...]
Fine wine investors toast Kwarteng as sterling crash boosts market October 11, 2022 Fine wine investors have been toasting the tumbling pound in the past weeks as they capitalise on depressed sterling prices to snap up premium tipples at cut-prices.
Plus500 set to sail past targets as profit hits £369m October 11, 2022 Trading firm Plus500 said it expected to sail past profit guidance for the year today on the back of surge in trading activity as investors looked to profit from market volatility.
Reach revenues contract as national mourning causes ad slowdown October 11, 2022 Mirror and Daily Express publisher Reach saw revenues dip in the third quarter after a drop off in advertising revenue in September as the country mourned the passing of the Queen.
Bank of England doubles daily bond purchase cap, but borrowing costs surge October 10, 2022 The Bank of England has rolled out a raft of measures to help shore up the UK gilt market this morning as it looks to stave off a return to turmoil when it halts its bond-buying programme on Friday.
