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
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 [...]
As banks refuse to pass on interest rates, they lose customers’ faith October 30, 2023 As banks refuse to pass on interest rates, their customers are deserting them, writes Victor Trokoudes.
Why the outlook is bleak for UK firms despite first drop in profit warnings since mid-2021 October 30, 2023 Profit warnings among UK companies fell for the first time since 2021 in the third quarter, but access to credit is fast becoming a major concern for firms.
House sales set to slide by 23 per cent this year October 30, 2023 Zoopla said that UK house prices will fall two per cent over 2024 with hopes that rising incomes will “steadily repair housing affordability".
Gillmore Centre launches crypto dashboard to enhance monitoring of crypto assets October 27, 2023 The Gillmore Centre for Financial Technology is to launch a new crypto dashboard aimed at revolutionising monitoring capabilities.
ECB brings rate-hiking campaign to an end as bloc looks to be on cusp of recession October 26, 2023 The European Central Bank (ECB) has finally brought its run of 10 consecutive rate hikes to an end as growth across the bloc looks set to slow over the coming months.
A year on, Rishi Sunak has swapped a fast death for the Tories for a slow one October 26, 2023 Sunak has set the Conservatives them on a path towards slow deterioration rather than sudden implosion.
Fierce mortgage competition to weigh on banks’ margins, warn brokers October 25, 2023 Mortgage profitability is a key focus for investors as lenders have significantly reduced rates in recent months.
Two more years of misery for London housing market, analysts suggest October 25, 2023 A recent report suggests house prices, including those in London, to decline in the coming months, but the decline will "not likely be sufficient".