FTSE 100 close: London ends week marginally up after Powell Fed speech indicates caution August 25, 2023 London’s FTSE 100 is ended the week in subdued fashion, marginally up around a crunch speech across the pond by Fed chair Jerome Powell. The capital’s premier bluechip index closed on 7,337.38 points Friday morning, up around 0.05 per cent, while the FTSE 250, which is more aligned to the domestic market, finished down 0.3 [...]
ULEZ camera vandalism ‘will not stop’ London expansion despite 300 incidents this month August 18, 2023 Transport for London (TfL) vowed that vandalism of ultra-low emission zone (Ulez) cameras “will not stop” the scheme’s expansion. The transport body issued the statement after the Metropolitan Police said it had recorded 288 crimes relating to the cameras as of August 1, and released an image of a suspect. The BBC said there had [...]
London Oxford Street to get new retail space near Tottenham Court Road’s Elizabeth Line with £70m GPE swoop August 18, 2023 London’s West End could be getting a new retail and office space, following the purchase of King Sloane Properties by Great Portland Estates for £70m. The acquisition means GPE get their hands on the freehold interests at 16/19 Soho Square, 29.43 Oxford Street 7 Falconberg Mews, from Belgravia & Chelsea Property Services Limited. Worth around [...]
July washout drags retail sales down 1.2 per cent as supermarkets and high street hit August 18, 2023 July’s awful weather dragged down UK retail sales by 1.2 per cent, as supermarkets suffered the most from the washout with Brits not splashing cash on food and clothes. The latest figures from the Office for National Statistics (ONS) show retail sales volumes in July went down following a small rise of 0.6 in June, [...]
Premier League, baseball, monster trucks and Foo Fighters: the London Stadium summer transformation in one minute August 17, 2023 The 2012 Olympic legacy has been heralded by the London stadium chief, as a time-lapse showcases a jam-packed summer of gigs, sport and monster trucks. West Ham may be hosting Premier League Football once again this August, but for anyone who has been around Stratford over the last three months you may have thought it [...]
FTSE 100 live: London flat after inflation fall as Admiral and Aviva lead gains August 16, 2023 The FTSE 100 started Tuesday flat with investors still worried about a further rate hike by the Bank of England despite a drop in inflation. The capital’s premier blue-chip index opened low, fluctuating between 0 and 0.01 per cent in the first hour of trading, sitting at 7,388.08 by 09.45. Headline inflation dropped to 6.8 [...]
‘The plan is working’: Sunak hails falling inflation – but PM warned targets still in jeopardy August 16, 2023 Rishi Sunak and Jeremy Hunt have welcomed today’s dramatic fall in inflation to 6.8 per cent, with the prime minister saying it shows his “plan is working”. The government welcomed today’s news of falling headline inflation, despite expectations the Bank of England is still likely to hike interest rates for a 15th straight time. However, [...]
Headline inflation slows again but Bank set for further rate rise August 16, 2023 Inflation has fallen to 6.8 per cent thanks to energy price falls, but core inflation remains sticky
FTSE 100 close: Wage growth fuels rate fears as M&S soars and B&M drops on Wilko speculation August 15, 2023 London’s FTSE 100 ended Tuesday down more than 1.6 per cent, as record-breaking wage growth fueled speculation of a 15th straight Bank of England rate hike. The capital’s blue-chip index was down 1.63 per cent by close of play to to 7,384.94, weighed down by listed investment firm Abrdn, down three per cent, alongside Pheonix [...]
UK unemployment ticks up but wage growth hits two-decade-high August 15, 2023 The rate of UK unemployment rose to 4.2 per cent in the three months to June from 3.9 per cent in the previous three months, the Office for National Statistics said. However, this was tempered by annual growth in pay – excluding bonuses – up to 7.8 per cent in June. This is the highest [...]
