UK economy: Britain’s resilience to tariffs could support pound sterling February 10, 2025 Sterling could outperform against the euro in the coming weeks because the UK is less exposed to the threat of Donald Trump's tariffs, analysts think.
Rachel Reeves to meet bank bosses as growth agenda stalls February 10, 2025 Chancellor Rachel Reeves is set to meet top bank bosses this week in the latest attempt to kickstart her growth agenda. The embattled Labour chancellor has reportedly called in top executives at Barclays, Lloyds Banking Group, NatWest and Nationwide, according to Sky News’ Mark Kleinman. This comes as the government’s growth strategy continues to falter. [...]
Bank shareholders eye returns as Barclays and Natwest report February 9, 2025 Shareholders in two of the UK’s biggest banks will be hoping for further returns next week as they shed light on recent trading amid an uncertain economic backdrop. Barclays and NatWest will lead a raft of annual results updates by UK banks, after a recent positive period for the sector. Shares in both firms have [...]
City split following Bank of England’s interest rate decision February 7, 2025 Analysts are divided about how far and how fast the Bank of England is likely to cut interest rates in the remainder of this year following yesterday’s decision. Rate-setters backed a third 25 basis point rate reduction, which brought the Bank Rate down to an 18-month low of 4.5 per cent. Every member of the [...]
The Spectator: RedbirdIMI sale forces magazine into the red for the first time since 2012 February 7, 2025 The Spectator crashed into the red for the first time in more than a decade after its initial sale to RedbirdIMI, it has been revealed. The magazine has posted a pre-tax loss of £6.8m for 2023, according to delayed accounts filed with Companies House after the sale cost it £6.4m. The loss came after the [...]
The Ritz: Losses continue at iconic London hotel February 7, 2025 London’s iconic Ritz hotel has now lost more than £75m since it last turned a profit, it has been revealed. The luxury London hotel has posted a pre-tax loss of £10m for 2023, accounts filed more than five months late with Companies House show. The latest figure comes after The Ritz posted a loss of [...]
The FCA’s bond market reforms don’t go far enough February 7, 2025 The FCAs plans to make it easier for companies to issue smaller bonds are a step in the right direction, but if the UK truly wants to unlock its corporate bond market for retail investors, more must be done, says Tim Focas The Financial Conduct Authority’s (FCA) plans to cut red tape around the corporate [...]
Tax or cut? Rachel Reeves faces fiscal headache before OBR forecasts February 5, 2025 The Office for Budget Responsibility (OBR) will publish its latest assessment of the UK economy on 26 March.
WFH: A third of workers would look for a new job if forced into the office full time February 4, 2025 Nearly a third of adults say they would look for a new job if their boss banned working from home (WFH) and made them come into the office full time, fresh research has found. According to an exclusive poll for City AM, 58 per cent of employed respondents said that if they were faced with [...]
Bank of England to cut interest rates as growth fears build February 3, 2025 Rate-setters are likely to signal a cautious approach for the remainder of the year given lingering price pressures in the economy.