Panmure Liberum: Bank of England to cut interest rates six times in 2025 February 5, 2025 Simon French, head of research at Panmure Liberum, expects the Bank to shift to a faster pace of rate cuts later in 2025, meaning the Bank Rate would drop to as low as 3.25 per cent.
City minister takes aim at cash ISAs in call to back the stock market February 5, 2025 The City minister lamented the hundreds of billions of pounds stashed away in cash ISAs today as she called for Brits to invest more money in London’s ailing stock market. Speaking to the Lord financial regulation committee, Emma Reynolds, who took over the role of City minister last month, said the UK had “failed to [...]
Uber shares tumble despite ‘strongest quarter ever’ February 5, 2025 Uber shares tumbled on Wednesday despite boss Dara Khosrowshahi hailing its “strongest quarter ever” amid surging demand. The San Francisco-based firm reported a 20 per cent rise in revenue to $12bn (£9.7bn) over the three months ended 31 December. Total trips on its platform grew 18 per cent year-on-year to around 3.1bn. Khosrowshahi lauded the [...]
Five simple ways to improve your personal finances in 2025 February 5, 2025 City AM has partnered with City Pay it Forward, a grassroots organisation, seeking to make a positive impact in our community, to provide five important but simple tips to improve your personal finances.
Government ‘grey belt’ reform is ‘somewhat rushed and incoherent’ February 5, 2025 In a letter to Angela Rayner, Lord Daniel Moylan, chair of the Built Environment Committee, raised a number of concerns with the government's so-called 'grey belt' policy.
PMQs: Badenoch says businesses ‘abandoning North Sea’ due to Starmer February 5, 2025 Businesses are “abandoning the North Sea” because of Sir Keir Starmer’s decisions, Kemi Badenoch has claimed at PMQs, as he she criticised the “signal he is sending to investors”. Her comments came after a Scottish court ruled that green lighting the Rosebank and Jackdaw oil and gas fields was unlawful, following a court battle brought [...]
UK fund investors give government’s growth plans a ‘clear thumbs down’ February 5, 2025 British investors continued to flee London’s stock market in January in a “clear thumbs down” to the government’s growth agenda, according to a closely watched funds survey. UK-focused equity funds shed some £1.07bn through January in the sixth worst month on record despite the FTSE 100 hitting an all-time high, according to data from funds [...]
Tax or cut? Rachel Reeves faces fiscal headache before OBR forecasts February 5, 2025 The Office for Budget Responsibility (OBR) will publish its latest assessment of the UK economy on 26 March.
Retail start-up loans rise as entrepreneurs defy UK high street gloom February 5, 2025 Start-up loans for retail businesses rose by a fifth last December, with entrepreneurs still determined despite the gloom surrounding the sector, according to new figures. In December 2023, 32 loans were provided to retail business owners. In December 2024, this rose to 39, an increase of 22 per cent, according to The British Business Bank. [...]
UK new car market stalls as weak consumer confidence bites February 5, 2025 New car registrations fell by 2.5 per cent in January as weak consumer confidence and a tough economic backdrop delivered a fourth consecutive monthly decline. There were 139,345 new vehicle registrations in January, according to the latest data from the Society of Motor Manufacturers and Traders (SMMT). New registrations for both private and fleet buyers [...]
