Fall in bank lending adds to fears that UK recession already underway October 30, 2023 The higher cost of borrowing is weighing heavily on consumer demand for new loans in a sign that the Bank of England's interest rate hikes are slowing economic activity.
Investment bank downgrades Natwest amid profit warnings, share price slip and leadership questions October 30, 2023 Natwest's stock fell 1.8 per cent in London on Monday morning after reporting third-quarter results on Friday.
Aviva hammers government push for North Sea oil and gas drilling October 30, 2023 Insurer's chief executive Amanda Blanc fears UK's climate goals are under threat
Banks face tougher competition as profits boost from higher rates fades October 30, 2023 The UK’s major listed banks have warned that the tailwind from high interest rates that has driven bumper profits over the past year is coming to an end as lenders compete to offer better deals to customers. Barclays, Lloyds, NatWest, Standard Chartered and Santander reported third-quarter earnings last week, while HSBC released its results today. [...]
Evergrande: Poster child of China debt crisis has winding-up hearing adjourned as it seeks new deal October 30, 2023 Evergrande, which has more than $300 billion of liabilities, became the poster child of a debt crisis that has since engulfed China's property sector.
FTSE 100 close: London rises on HSBC profits in a busy week for central banks and energy giants October 30, 2023 On the FTSE 100 HSBC revealed that profits had more than doubled on last year thanks to the impact of higher interest rates
Glencore downgrades nickel expectations as strikes hit production October 30, 2023 Glencore has downgraded expectations for nickel production, with the commodities giant still recovering output from strike action.
Mike Ashley’s Frasers offloads Missguided to Shein just one year after acquisition October 30, 2023 Frasers Group will retain Missguided’s real estate and employees which have already been blended into the Sports Direct owners fashion division.
Mr Kipling owner Premier Foods picks up breakfast brand in £34m deal October 30, 2023 Premier Foods is expanding into the breakfast scene as it today announced its acquisition of breakfast brand FUEL10K.
Markets: Asian exchanges open slow as Israel-Gaza conflict weighs on sentiment October 30, 2023 Asian share markets were mixed on Monday as Israel’s push into Gaza stirred fears of a wider conflict ahead of central bank meetings in the United States, Britain and Japan, the latter of which might see a policy tightening. The earnings season also continues with Apple, Airbnb, McDonald’s, Moderna and Eli Lilly & Co among the [...]
