GDP: Strong services sector sees UK economy return to growth in August October 12, 2023 The UK economy matched expectations in August, with GDP edging up 0.2 per cent
How London kept its post-Brexit mojo as a tech investment hub October 12, 2023 London has surged ahead of European rivals as a tech investment hub and has become the only City on the continent to climb into the top ten for venture capital investment globally, according to a new report.
Oil prices slide as economic woes compete with geopolitical risks October 11, 2023 Oil markets have eased in today's trading with investors awaiting further price signals following worries over geopolitical risk.
Interest rates: Wholesale inflation in US rises ahead of crucial consumer price data tomorrow October 11, 2023 US wholesale prices rose last month at the fastest pace since April, suggesting that inflationary pressures remain despite a year-and-a-half of higher interest rates.
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.
FirstGroup: Share price up for rail and bus operator after profit outlook lifted October 11, 2023 The FTSE 250 company was the biggest riser on the index after the open, with its share price rising 4.92 per cent to 153.7p per share.
‘Uncertain’ economy gives another recruitment firm a balance sheet bruise October 11, 2023 Inflation and uncertainty over the economy has left another recruiter licking its wounds in the third quarter
Solar clampdown would repeat mistakes of onshore wind ban, energy boss warns October 11, 2023 The government could be about to repeat the mistakes that lead to onshore wind's demise through a clampdown on farmland solar.
Pepsi raises profit guidance despite flat volumes October 10, 2023 Pepsico has upgraded its profit guidance for the third consecutive time in a row despite reporting a decline in volumes due to sticky inflation. The Coca-Cola rival said that its third-quarter revenue grew organically by 8.8 per cent to $23.5bn (£19.16bn) and underlying profit grew 12.1 per cent to $4.0bn. Pepsi, which sells favourites such [...]
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.