Bank of England holds interest rates but Andrew Bailey flags further cuts September 19, 2024 The Bank's decision comes after the Fed reduced interest rates by 50 basis points last night, the first cut since the pandemic.
FTSE 100 remains in the green after Bank of England holds rates September 19, 2024 Traders had been concerned that the Fed had waited too long to cut interest rates, causing unnecessary damage to the US economy.
Fed lowers interest rates by 50 basis points in first cut since 2020 September 18, 2024 Today's rate decision was the most uncertain in years, with investors torn in the run-up to the decision about whether the Fed would cut rates by 25 or 50 basis points.
US retail sales rise ahead of Fed’s interest rate decision September 17, 2024 July's figures were also revised up to show a 1.1 per cent gain having previously been estimated at 1.0 per cent increase.
Microsoft: Tech giant announces mammoth buyback and hikes dividend September 17, 2024 Tech giant Microsoft has announced a new $60bn share buyback programme and hiked its quarterly dividend by 10 per cent. This new shareholder cash return replaces Microsoft’s previous $60bn programme, which was launched in 2021, and has no set expiration date. According to data from Birinyi Associates, the cash return is the third-largest repurchase scheme [...]
Bank of England set to hold interest rates but further cuts loom, top economists say September 15, 2024 The Bank of England is widely expected to leave interest rates on hold this week, according to a City A.M. poll of top economists.
Rail line connecting North West to Midlands would be ’40 per cent’ cheaper than HS2 September 13, 2024 Plans for a new rail line connecting the West Midlands to the North West could be delivered at just 60 per cent of the cost of HS2’s cancelled Northern leg, according to Manchester Mayor Andy Burnham. The proposed 80km line, backed by a consortium of businesses and politicians, would run from Lichfield in Staffordshire to [...]
How the Solheim Cup got its name – and why its sponsors left it unbranded September 13, 2024 There can’t be many brands that would financially underwrite a brand new sporting event without insisting on calling it after themselves, but that’s what Ping did with the Solheim Cup. As the biennial contest between the best women’s golfers from the United States and Europe reignites this weekend, it’s a story of monetary sacrifice – [...]
ECB cuts interest rates again as inflation continues to ease September 12, 2024 Despite the cut, interest rates remain in restrictive territory in the eurozone, meaning monetary policy is still bearing down on inflation and slowing growth.
Scotch Whisky sector demands support amid export slump September 12, 2024 The Scotch Whisky Association has called on the government to provide additional support to the industry following a slump in exports. The Scotch Whisky industry is a major contributor to the UK economy. The Scottish Whisky Association (SWA) states that the industry is worth £7.1bn annually and supports 66,000 jobs across the UK, mainly in [...]