Gilt yields rise ahead of Budget as Chancellor Reeves set to increase borrowing October 8, 2024 Analysts suggested that the increase was largely a result of concerns that Chancellor Rachel Reeves will ramp up borrowing in the budget to fund a major investment programme.
Bank of England should not adopt ‘aggressive’ rate cuts October 8, 2024 In an interview with the Guardian, Governor Andrew Bailey said there was a chance that the Bank could become a "bit more activist" on rate cuts in the months ahead.
Oasis tickets and discounts ensure September spending doesn’t slide away October 8, 2024 Retail sales in the UK have held up despite a dip in confidence, driven by widespread discounts and a spike in entertainment spending after Oasis‘ tickets went on sale. Consumer card spending increased 1.2 per cent year on year in September, after returning to growth in August, according to data from Barclays. Discounting pushed spending [...]
UK house prices rise for third straight month ahead of Budget October 7, 2024 House prices rose for the third consecutive month in September, taking the average price of a property to the highest level in more than two years. House prices increased by 0.3 per cent month on month in September, and 4.7 per cent year on year. The average property now costs £293,399 – compared to £292,540 [...]
Meet the fund managers: Launching the new Hargreaves Lansdown Global Equity Income Fund October 7, 2024 This week on meet the fund managers, investment reporter Elliot Gulliver-Needham sat down for an exclusive chat with Tom Wells and Ziad Gergi, managers of the new Hargreaves Lansdown Global Equity Income fund. The fund blends the style and investments of three funds into one: Aegon Global Equity Income, Baillie Gifford Global Income Growth, and [...]
Pound sterling set for worst week all year as markets reassess path for interest rates October 4, 2024 The decrease has knocked sterling from its remarkably strong start to the year, which has seen it outperform all other major currencies.
Is Pat a Lam to the slaughter at Bristol Bears? Not quite October 4, 2024 It’s not an official law of rugby, but as a rule of thumb you should not score 41 points and still lose a game. And that’s exactly what Bristol Bears did against Gloucester last Friday in round two of the Premiership. Sure, defence was optional for both teams in the West Country derby that finished [...]
Not ‘much to be optimistic about’ in London rental market October 3, 2024 Pressure on the rental market continues to build this autumn despite a cooling market earlier in spring, with more landlords selling up and more tenants looking for short-term homes, according to fresh data. More than three-quarters of agents have seen an increase in the number of tenants searching for properties, while more than half of [...]
Services inflation falls to lowest level since February 2021, survey suggests October 3, 2024 The survey noted that "competitive pressures continued to limit pricing power," which helped to contain inflationary pressures.
Sterling falls as Bailey suggests Bank could become ‘ more activist’ on rate cuts October 3, 2024 The Governor's comments were seen as slightly more dovish than his previous guidance had implied, prompting markets to anticipate further rate cuts in the months ahead.