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.
Mortgages are up but don’t get too excited April 19, 2024 What should we read into recent signs of a gradual recovery in the mortgage market? The answer is, it depends. Taking into account distortions caused by the work-from-home exodus from London and the cost of living and it looks like we may simply be returning to precedented times, says Steven MacDonald When it was announced [...]
Bosch sales driven up by new car market’s resurgence despite hit to consumer goods April 19, 2024 Bosch is eyeing a further increase in sales during 2024 despite the global technology giant warning it is not expecting a marked improvement in the UK economy.
Why the Bank of England might be wary of cutting interest rates before the Fed April 18, 2024 The path for the Bank of England to cut interest rate cuts looks increasingly uncertain, particularly as the US Federal Reserve looks set to wait a while longer before loosening policy.
Lendinvest: Property fintech ‘cautiously optimistic’ for return to profitability in 2025 April 18, 2024 Property fintech LendInvest has said it expects to report full-year results in line with market expectations and is "cautiously optimistic" for a return to profitability in 2025, as the mortgage market rebounds.
UK firms to invest £338bn on re-industrialisation in next three years, research shows April 18, 2024 Like many advanced economies, the UK has seen a relatively rapid fall in the importance of manufacturing.
Hipgnosis board approves £1.1bn Concord takeover offer April 18, 2024 Concord, which is controlled by Alchemy Copyrights, has proposed to buy Hipgnosis in a deal valued at $1.4bn (£1.1bn).
Ed Warner: Seb Coe has given Olympic chief Thomas Bach a $100m headache April 18, 2024 Our sport business columnist on Seb Coe's challenge to Thomas Bach.
Highest monthly car insurance rates ‘very hard’ to justify, industry boss admits April 17, 2024 A boss at the trade body for British insurers told MPs today that the highest rates paid by motorists for monthly cover are “very hard” to justify, as the industry faces criticism for hiking prices amid the cost of living crisis.
PMQs sketch: Trusst back in politics? April 17, 2024 Thanks to Liz Truss, a surfeit of salad-related attempts at humour emerged during PMQs this week. We take you through the highlights.