FTSE 100 close: Next falls on reports of Fatface deal as London markets slip into the red October 11, 2023 London's FTSE indexes were treading water early on Wednesday after yesterday's rally with investors nervy ahead of key US inflation data tomorrow.
Cost of government debt falls as investors seek out a safe haven and rein in rate expectations October 10, 2023 The recent sell-off in government debt has eased slightly as investors reined in their expectations for how high interests would have to go following comments from Fed officials yesterday.
FTSE 100 close: London rises on Fed official’s comments amid Israel-Gaza uncertainty October 10, 2023 London’s FTSE 100 index soared as markets reacted well to comments by a top official at the Federal Reserve, despite ongoing uncertainty looming due to the war with Israel and Gaza. The capital’s premier bluechip index closed 1.82 per cent higher at 7,628.21, lifted by Ocado, Anglo American and Flutter. Down the most since March, [...]
US jobs growth surged in September as Fed now likely to raise interest rates again October 6, 2023 US job growth surged in September, suggesting that the labor market remains strong enough for the Federal Reserve to raise interest rates this year.
Bank of England will cut interest rates ‘much more quickly’ than Fed, think tank predicts October 5, 2023 Rising unemployment will force the Bank of England to cut interest rates "much more quickly" than the Federal Reserve, the Resolution Foundation predicted.
Canva designs new AI tools aimed at blue-chip giants — and small charities October 5, 2023 Canva, the graphic design powerhouse, is trying to entice large businesses with a new arsenal of artificial intelligence (AI) tools. Duncan Clark, head of Canva in Europe, revealed that the Australian firm has witnessed “astronomic growth” across companies of all sizes, including blue-chip giants. Canva brought in revenues of $1.7bn (£1.4bn) in the past year, [...]
Long-termism makes for good policy, if not a catchy slogan October 4, 2023 As election pitches go, the one that Rishi Sunak is going to try out today is a tad unusual. “You’re all fed up of us, so give us another shot” is not obvious campaigning gold. Yet there may be a nugget in there nonetheless. Sunak’s contention in his speech will be that the country is [...]
FTSE 100 close: London struggles to ‘regain mojo’ as US economy remains resilient October 3, 2023 London markets were uneasy this morning after strong data out from the US yesterday added to the impression that interest rates will have to stay higher for longer.
Yields continue rising after global bond sell-off last week October 2, 2023 Yields on sovereign bonds edged up again on Monday, renewing a sell-off which took steam last week amid concerns over higher interest rates.
Retailers demand urgent action from government as crime soars October 1, 2023 Dozens of UK retailers have written to Suella Braverman demanding urgent action over the soaring number of crimes made in stores. Some 86 retail leaders, including the bosses of Marks & Spencer and Sainsbury’s, have signed a letter to the home secretary demanding the government clamp down on rising levels of theft and abuse towards [...]