Wall Street: US stocks plunge on fears that interest rates will stay high September 22, 2023 Wall Street fell sharply in an ugly day for stocks worldwide on expectations that US interest rates will stay high well into next year. The S&P 500 lost 1.6 per cent for its worst day since March. That followed a drop of 0.9 per cent from Wednesday after the Federal Reserve indicated it may cut [...]
Heavy rain causes delays and cancellations on lines into London Kings Cross and Moorgate September 21, 2023 Rail passengers faced some cancelled and altered services on Thursday morning in the wake of heavy rain overnight. A National Rail statement said all lines between London Kings Cross / Moorgate and Stevenage, Hertfordshire are closed following “a number of incidents”. “Trains may be cancelled, delayed by up to 90 minutes or revised,” the statement [...]
The Fed holds rates: Now it’s the Bank of England’s time to decide September 21, 2023 The City is split on whether surprise inflation data gives Threadneedle Street cover to pause its rate hike cycle later today
The Square Mile and Me: Janus Henderson’s Tom O’Hara September 21, 2023 The fund manager on his traineeship at Northern Rock, nipping out on Friday lunchtimes and why being a Northerner down south has got easier
Female Invest hits century milestone in bid to close gender investment gap September 21, 2023 A TRIO of female founders offering investment education to women now have members in 100 countries - with the UK their fastest growing market.
London Underground station staff to strike next month over pay and conditions September 20, 2023 Thousands of London Underground station staff are to strike next month in a long-running dispute over pay and conditions.
FCA warns insurance firms to make sure they are offering fair value September 20, 2023 The City regulator has given firms producing a type of add-on insurance to motor cover an ultimatum to demonstrate they are providing fair value.
Angry car makers: Delaying petrol and diesel ban will damage EV investment in UK September 20, 2023 Leading car manufacturers have urged the government to give clarity on its proposed row back on banning petrol and diesel cars, saying they’ve invested hundreds of millions to meet targets. Mike Hawes, chief executive of the Society of Motor Manufacturers and Traders (SMMT), said the policy change will cause “concern” among car makers. It has [...]
Get that bread: Baking giant picked up in yet another London take-private September 20, 2023 Finsbury Food Group, the baker behind a raft of own-brand supermarket products and the maker of Thornton's cakes, is set to go private after accepting a bid from an Isle of Man-based fund manager.
‘Higher costs, poorer services’: London business chief slams Whitehall failings September 20, 2023 The boss of an influential London lobby group has said a "British disease of short-termism" is holding the capital's economy back