FTSE 100 today: London set to open soft amid US political uncertainty July 15, 2024 Asian markets were mixed. The US dollar rose on bets of a Trump victory. China's growth slows. Focus on Netflix and major banks' earnings.
How did Burberry get stuck in the trenches? July 13, 2024 Burberry has struggled to compete with its luxuary peers over the past couple of years.
Unilever: Magnum and Dove maker ‘to cut over 3,000 European jobs’ July 12, 2024 Unilever is planning to cut more than 3,000 jobs based at its offices across Europe by the end of 2025, according to reports.
Sterling soars to multi-year highs as investors flock to ‘safe haven’ UK July 12, 2024 Higher interest rates benefit domestic currencies, because international investors are able to earn a higher return on their investments.
Why the Bank of England may be wary of a growing UK economic recovery July 12, 2024 Debapratim De at Deloitte reckoned the Bank of England will be in "no hurry" to cut interest rates after this morning's GDP figures.
High interest rates and the election dampened London prime property market July 12, 2024 It was a slow June for London prime property, with transactions down 17 per cent compared to the same month last year. Analysts have blamed the general election for the dip in demand, as buyers waited for certainty and stability before investing in property. “A lot of buyers postponed plans due to a combination of [...]
FTSE 100 today: London markets set for third consecutive day of gains July 12, 2024 Asian stocks slipped as US tech shares fell, and the two-year Treasury yield dropped to a four-month low. Focus on US producer prices.
US inflation comes in below expectations as eyes turn to Fed’s next rate decision July 11, 2024 Economists think the Fed is likely to start cutting interest rates in September.
Lenders expect further rise in mortgage defaults in coming months July 11, 2024 UK lenders are expecting a further jump in default rates on home loans in the coming months, according to a Bank of England survey, as mortgage holders face higher refinancing costs.
Max Mara nearly doubles UK profit as ‘extraordinary’ market challenges ease July 11, 2024 The UK arm of luxury womenswear brand Max Mara has almost doubled its pre-tax profit despite what it described as a "highly uncertain" economic backdrop, newly-filed documents have revealed.