FTSE 100 close: London ends week deep in the red as Diageo shares crash after GDP flat November 10, 2023 No firms on the FTSE 100 rose by more than one per cent after the open on a sluggish morning with few corporate results, as Diageo' share price plummeted by more than nine per cent.
London Stock Exchange Group boss: IPOs will return (when the world calms down) November 10, 2023 London’s sluggish IPO market will bounce back as a rapid rate hiking cycle begins to slow and global jitters over inflation and political instability settle, the boss of the London Stock Exchange Group (LSEG) has said. New flotations have fallen off a cliff this year as firms shelve plans to shift on the public markets [...]
GDP: When is no growth in the economy a good thing? November 10, 2023 Ministers may have breathed a sigh of relief today as the UK economy narrowly dodged recession in the third quarter of the year after eeking out minor growth in September and August.
Jeremy Hunt: Inflation is ‘single greatest barrier to growth’ as UK economy flatlines November 10, 2023 Chancellor Hunt is due to give his Autumn statement on 22 November, with business groups saying he should take action to reduce inactivity in the workforce.
UK economy avoids recession edge as GDP shows no growth November 10, 2023 The ONS said services fell by -0.1% per cent, construction grew by 0.1 per cent and production was flat at 0.0 per cent, as the UK economy appeared to remain stagnant.
‘A long way to go’: Fed chief signals possible interest rate hike November 10, 2023 Jay Powell said he is 'not confident' that the fight against inflation is won, hinting at the need for a further Fed interest rate hike
Here’s what’s moving the FTSE 100 and global markets this morning November 10, 2023 Treasury yields climbed as Fed Chair Jerome Powell hinted at the possibility of prolonged higher rates, contributing to a decline in global stocks. The Reserve Bank of Australia cautioned about inflation risks, and a ransomware attack on China’s ICBC disrupted Treasury market trades. The spotlight shifts to UK GDP data and comments from ECB President [...]
Steven Bartlett: My ‘selfish pursuit’ and culture of ‘extreme failure’ November 10, 2023 Steven Bartlett, entrepreneur and host of hit podcast 'Diary of a CEO' talks to City A.M. about creating a corporate culture of "extreme failure".
How Crude: Weak demand pushes oil prices below $80 per barrel November 9, 2023 Oil prices have shown signs of recovery in today's session, after dipping below $80 per barrel last night, with markets weighed down by easing demand.
Monetarists warn of ‘severe recession’ and risk of deflation as money supply falls November 9, 2023 Monetarists are warning that the UK is facing a "severe recession" as the money supply falls sharply in the face of the Bank of England's interest rate hikes.