FTSE 100 close: Bluechip index closes lower as investors await Fed’s interest rate decision January 31, 2024 London’s FTSE 100 closed in the red as investors await the latest interest rate decision from the US Federal Reserve later today, while big tech results last night soured risk sentiment. The FTSE 100 ended 0.47 per cent lower at 7,630.57 while the midcap FTSE 250 index, which is more aligned with the health of [...]
Microsoft and Google: Results show a cautious market reaction to AI spending January 31, 2024 Microsoft and Google both reported strong quarterly earnings today but the tech giants failed to satisfy the market.
Inflation in Germany and France falls as markets look for spring interest rate cuts January 31, 2024 Inflation in Germany and France fell significantly in January, raising the chances that the ECB will lower interest rates before spring.
Boeing: Plane-maker suspends financial guidance after Alaska blowout crisis January 31, 2024 Boeing has suspended its full year guidance for 2024 as it battles with the fall-out from the Alaska Airlines 737-9 Max incident.
Morrisons: Revenue creeps up as private equity-owned supermarket fights debt pile January 31, 2024 Earnings at private equity-owned Morrisons have laid largely flat for the year, according to an update by the supermarket. Revenues excluding fuel topped however £14.9bn in the 2022/23 financial year up just 2.9 per cent the year before. Like-for-like sales also only managed to climb 1.8 per cent. Additionally, full year EBITDA crawled up 6.5 [...]
ULEZ: Khan under fire over scrappage scheme grant figures January 31, 2024 Sadiq Khan has been criticised by City Hall Conservatives after new figures showed the ULEZ scrappage scheme paid grants to less than half of applicants.
Cashing out: UK investors were ‘most negative’ last year with exodus from equities January 31, 2024 UK investors were the “most negative” of any country in 2023, withdrawing $1.8bn (£1.4bn) from equity funds throughout the year. Globally, the value of mutual funds rose to $10.7trn throughout 2023, largely due to surging asset prices, undoing the damage done by mass withdrawals in 2021, data from Calastone’s Global Fund Flows report revealed. The [...]
Spring Budget 2024: Tax cuts less likely, Jeremy Hunt warns cabinet January 31, 2024 Jeremy Hunt has warned cabinet that there is less likely to be less opportunity for tax cuts in the Budget, compared to last year.
Vodafone shuns offer from Iliad to tie up Italian businesses January 31, 2024 Shares in Vodafone fell over three per cent after it rejected an offer from French telecoms company Iliad to merge their Italian businesses.
George Osborne joins Coinbase as crypto giant plots global expansion January 31, 2024 Former Chancellor George Osborne has joined Coinbase’s global advisory council, the firm announced today, as the multibillion-dollar cryptocurrency exchange eyes up international expansion.
