Week ahead: Bank of England speak to dominate agenda as investors look for clues on interest rate path February 26, 2023 Investors will be parsing over a string of speeches from top Bank of England rate setters this week for clues on whether the central bank is close to ending its aggressive campaign to tame inflation. Ben Broadbent, a deputy governor at the Bank, kicks off a busy week of central banker speech at Threadneedle Street’s [...]
UK edges further away from recession as families’ economy and inflation outlook brightens February 24, 2023 Another brighter than expected set of economic numbers out today indicate the UK has a chance of avoiding a much-tipped recession this year. Consumer confidence climbed faster than forecast to minus 38 points this month, up seven points from minus 45 points in January, according to research firm Growth for Knowledge’s index which has been [...]
FTSE 100 close: London index slides into red despite Rolls-Royce scaling more than 20 per cent February 23, 2023 London’s FTSE 100 fell further away from the 8,000 point mark again today despite investors pouring into aerospace giant Rolls-Royce. The premier index shed 0.29 per cent to close at 7,907.71 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, jumped 0.59 per cent to [...]
Connecting the community with the Crypto AM Spring Awakening February 23, 2023 The date and venue of the much-anticipated Crypto AM Spring Awakening has been announced as March 30 at the Mansion House.
Inside the City of London’s first residential properties in 10 years February 23, 2023 There’s no need to take the Tube home, a bout of new properties are opening in the City of London To the uninitiated the City of London is unfairly thought of as an endless stream of glass-fronted office blocks from which chaotic workers stream, headlessly going between meetings, their only reward being the Tube journey [...]
Bank of England Mann warns interest rates need to keep rising to squash inflation February 23, 2023 Interest rates in the UK will have to keep rising to prevent inflation sticking around for too long, a member of the Bank of England’s monetary policy committee (MPC) warned today. Catherine Mann, who joined the rate setting group in September 2021 as an external member, said at an event hosted by the Resolution Foundation [...]
Britain passing up £18bn economic boost due to ‘failure’ to build enough homes February 23, 2023 Britain is passing up on a near £18bn economic boost due to the government and businesses’ “failure to build enough new” homes, a former Tory housing minister has claimed today in a new report. Brandon Lewis, ex-housing and planning minister, in a foreword to a report by think tank Policy Exchange said decades of weak [...]
The gap between the football brand behemoths and the rest is likely to grow February 23, 2023 The bidders for football club Manchester United are now in a virtual data room, filling their spreadsheets and compiling their questions. The job of the Glazer family’s investment banking advisors, Raine Group, is now to find ways to squeeze every possible dollar out of this football asset. One trick of the bankers’ trade is to [...]
UK inflation will drop back to Bank of England two per cent target by end of this year, economists predict February 22, 2023 Inflation in the UK is on track to fall exactly back to the Bank of England’s target by the end of this year, according to forecasts by two top City of London economists. The rate of price increases will tumble to two per cent in the final three months of 2023, according to Pantheon Macroeconomics. [...]
Cost of living crisis forces Brits to abandon saving, with more than one in five taking on EXTRA debt February 22, 2023 The cost of living crisis is poised to force Brits to shun setting cash aside each month for a rainy day, official figures out today show. More than four in 10 of the population expect to save no money whatsoever over the next year, according to the Office for National Statistics (ONS). Inflation has raced [...]