Market insights: Five forces impacting FTSE 100 today March 11, 2024 Asian markets stumbled while China celebrated its exit from deflation with rising consumer prices. Bitcoin briefly soared to $70,000, attracting global attention. Investors are now closely monitoring the UK GDP and U.S. inflation reports, pivotal factors influencing global economic trends.
China breaks deflationary chains with February surge in consumer prices March 11, 2024 China saw its first instance of inflation in February after enduring four consecutive months of deflation.
Etoro could snub London for New York IPO despite UK focus March 10, 2024 UK-focused stock trading platform Etoro is exploring a New York IPO at a valuation of more than $3.5bn (£2.7bn) despite doing most of its business in Europe.
EP: 256 Cheltenham Festival – Tuesday March 10, 2024 The opening day of this year’s Cheltenham Festival kicks off with a fascinating renewal of the Supreme Novices’ Hurdle, plus we go in search of a new champion in the feature race, the Champion Hurdle, one of four Grade 1 races on Tuesday afternoon. City AM Racing editor Bill Esdaile previews the long-awaited action from [...]
Brendon McCullum demands ‘smarter’ media comments after humbling defeat March 10, 2024 The head coach said that the squad’s “belief” had “taken a bit of a hit over the last couple of weeks”.
Saudi Aramco looks to China as annual profit dives (to, err, £94bn) March 10, 2024 Saudi Aramco Chief Executive Amin Nasser said on Sunday the oil giant was looking at further opportunities to invest in China, where he said oil demand was robust and growing. State-owned Aramco has been ramping up its China presence in a string of deals in refining and petrochemicals, some of them with crude offtake agreements attached. “So far we [...]
Reeves: ‘Under no illusions’ about public finances – but we’ll spend anyway March 10, 2024 Rachel Reeves told the BBC that she was aware of the public spending challenges facing the Labour party
The Punter Summary Podcast – Cheltenham Festival Tuesday March 10, 2024 Here’s your chance to discover all of City AM racing editor Bill Esdaile’s selections for Tuesday at the Cheltenham Festival in a short summary episode of ‘The Punter Podcast’ alongside Chris Barnett. The full preview is also available on the City AM website. The Punter ‘The Punter’ has been City AM’s dedicated sports betting section [...]
Berkeley and Persimmon to reveal housebuilder pain of interest rate hikes March 10, 2024 UK housebuilders are set to shed light on the state of the fragile property market amid a number of key updates from firms next week. Shareholders are braced to see accounts for Persimmon, Berkeley and Vistry all show a fall in sales numbers after higher interest rates weighed heavily on activity last year. Interest rates [...]
Richard Branson ‘set for £650m payout’ from potential Nationwide takeover of Virgin Money March 10, 2024 Sir Richard Branson is set to receive upwards of £650m from a potential takeover of his challenger bank Virgin Money by Nationwide, it has been estimated.
