Bailey warns against fragmenting clearing market as EU pushes on with post-Brexit plans November 8, 2023 Andrew Bailey, governor of the Bank of England, has warned policymakers against taking steps that would lead to increasing fragmentation in the financial system.
FTSE 100 close: Markets shrug off Bailey’s rate cut comments as M&S soars November 8, 2023 "The market of course will reach a view it has to reach. So I totally understand that. But we are very clear we’re not talking about that," Bailey said.
Persimmon appoints PwC veteran as new CFO after housebuilding improvement and share rally November 8, 2023 Persimmon has chosen Andrew Duxbury to become its chief financial officer amid a rally for homebuilders as market conditions show signs of improvement.
Increasing signs of slack in UK’s labour market as firms report growing pool of workers November 8, 2023 The survey showed that starting salary inflation slipped to a 31-month low, although it remained "sharp".
Bank of England has lost the delicate touch monetary policy needs November 8, 2023 After decades of cheap debt, the swing towards high interest rates was a wrecking ball for monetary policy, writes Charles White Thomson
Persimmon’s share price up despite warning of ‘highly uncertain’ year ahead November 7, 2023 House builder Persimmon saw its share price close over six per cent today despite the firm warning of uncertainty next year, in a sign that markets may be cautiously restoring their faith in the housing market. The FTSE 250 housebuilder said the number of new homes it built in the third quarter declined by 37 [...]
FTSE 100 close: Gilt yields fall and sterling dips after Pill’s rate cut comments November 7, 2023 The biggest riser on the top index was Primark owner Associated British Foods, which reported revenues up by almost £20bn
House prices: Property market shows signs of life with shock jump in October November 7, 2023 The cost of a home rose 1.1 per cent in October, breaking a run of six consecutive monthly falls, the latest figures from Halifax can reveal. According to the report, the typical UK home now costs £281k, up around £3,000 on the previous month. In the capital house prices remain the most expensive, with the [...]
Moving markets: Five things shaping the FTSE 100 today November 7, 2023 Aussie bank hike, Chinese exports fall and central bankers opine on rates: What's moving markets and the FTSE 100 today
Bank of England’s Huw Pill says interest rates unlikely to return to zero November 7, 2023 Interest rates are unlikely to return to the ultra-low levels seen during the 2010s, according to the Bank of England's chief economist Huw Pill.