US economy disappoints in first quarter of 2024 as growth slows far more than expected April 25, 2024 The US economy slowed far more than expected in the first quarter of the year as its gross domestic product (GDP) endured the influence of stubborn inflation and high interest rates.
Chocolate and discount-loving Brits drive food inflation down for 14th straight month April 23, 2024 Grocery price inflation fell to 3.2 per cent over the four weeks to 14 April, marking the fourteenth monthly drop in a row, new figures by Kantar show.
What is going on with London house prices? It’s messy, but green shoots are appearing April 22, 2024 After a challenging few years green shoots appear to be emerging in London’s property market.
Banks, retailers and tech giants dominate big blue-chip results week April 21, 2024 A slew of blue-chip results on both sides of the Atlantic will dominate the corporate news agenda this week, alongside key US economic data set to bolster the case for higher-for-longer interest rates.
The week that was: London woes, hedge funds short on water, and confusing jobs data April 20, 2024 Confusing inflation data, further tribulations for water firms and yet more woes for the London Stock Exchange, we review another busy week in the City.
Retail sales stagnant in March despite improving prospects for UK economy April 19, 2024 A survey from Deloitte, released today, showed that consumer confidence had reached its highest level in two years.
FTSE 100 today: London markets poised for red start as Middle East tensions escalate; investors await more details on the crisis April 19, 2024 Middle East tensions rattled markets in the Asian session following ABC News reports of Israeli missile strikes in Iran. Oil and gold prices surged while bitcoin dropped below $60,000. However, an Iranian official denies the missile attack reports, adding to the uncertainty. Market focus now shifts to UK retail sales data and speeches by Bank of England officials Ramsden and Breeden.
Timing of Bank of England interest rate cuts thrown into doubt after hot inflation data April 17, 2024 This week market caution looks justified following two upside surprises on two crucial pieces of economic data.
March inflation comes in higher than expected at 3.2 per cent April 17, 2024 Inflation has fallen from a peak of over 11 per cent in autumn 2022, but the Bank will want to see further progress on services inflation and wage growth.
After record rises, London rent hikes ease off April 15, 2024 Rents on private properties in London showed signs of cooling last month, according to a new report, offering a glimmer of hope for the sector after a torrid year.