Hargreaves Lansdown and AJ Bell shares slump as regulator fires interest rate warning shot December 12, 2023 Hargreaves Lansdown and AJ Bell have slumped in value this morning after the Financial Conduct Authority fired a warning shot at retail investment firms over the interest income they are making on customers’ cash.
Wage growth cools slightly giving Bank of England space to hold interest rate December 12, 2023 Annual wages grew 7.3 per cent in the three months to the end of October, a slight fall on the month before and a figure which will give the Bank of England more freedom to hold interest rates later this week. The readout is slightly lower than consensus of 7.4 per cent and some way [...]
UK tech scene continues to defy pessimists with three new unicorns this year December 12, 2023 The UK's tech boom continues with three new unicorn startups this year, according to new data by Pitchbook.
‘London is thriving’ — business activity jumps in the capital despite inflationary pressures December 11, 2023 London saw the highest rate of business activity in November despite bearing the brunt of inflationary pressures.
Bank of England, Federal Reserve and ECB expected to keep interest rates on hold this week December 11, 2023 The Bank of England will likely hold interest rates for the third time in a row on Thursday, according to economists.
House prices fall below December average as market waves goodbye to miserable year December 11, 2023 The price of a home fell by 1.9 per cent in December, according to the latest reading from property portal Rightmove.
Is 2024 time to buy as house prices stabilise? The latest data says… maybe December 8, 2023 House prices are expected to fall by two per cent next year, according to the latest reading from Zoopla, as the hangover from high mortgages appears to be dragging into next year. While slipping house prices can often be an indicator of poor economic health, house prices still remain around £40k above pre-pandemic levels. The [...]
Labour no longer ‘sneering at business’ as it calls in City grandees December 8, 2023 The Labour party has said it is no longer “sneering at business” as it announced 10 new advisers for the City, including the chief of the London Stock Exchange and former chair of the Financial Conduct Authority.
Labour’s City minister: We get you want clarity – and we’ll give it to you December 8, 2023 Labour's Shadow City Minister Tulip Siddiq writes for City A.M. on her party's new financial services council and why the Square Mile can expect evolution, not revolution, if they take power next year
Is Venezuela about to invade Guyana for its oilfields? December 7, 2023 Venezuela is trying to claim roughly two-thirds of neighbouring country Guyana following a recent referendum vote on an oil-rich land dispute. The area, known as Essequibo, is predominantly jungle but the oil off its coast is likely driving the action by Venezuelan president Nicolás Maduro, who said the proposal to set up a region there [...]