FTSE 100 close: London rises on HSBC profits in a busy week for central banks and energy giants October 30, 2023 On the FTSE 100 HSBC revealed that profits had more than doubled on last year thanks to the impact of higher interest rates
Markets: Asian exchanges open slow as Israel-Gaza conflict weighs on sentiment October 30, 2023 Asian share markets were mixed on Monday as Israel’s push into Gaza stirred fears of a wider conflict ahead of central bank meetings in the United States, Britain and Japan, the latter of which might see a policy tightening. The earnings season also continues with Apple, Airbnb, McDonald’s, Moderna and Eli Lilly & Co among the [...]
HSBC to buy back $3bn in shares as profits more than double October 30, 2023 HSBC announced yet another share buy-back programme as higher interest rates ensured that profit more than doubled in the third quarter.
Are UK restaurants struggling to ‘keep their heads above water?’ October 30, 2023 A combination of "pressures" could be to blame for struggling UK restaurants, noted associate director at Mazars Paul Maloney.
As banks refuse to pass on interest rates, they lose customers’ faith October 30, 2023 As banks refuse to pass on interest rates, their customers are deserting them, writes Victor Trokoudes.
Bank of England set to leave rates on hold as economy teeters on edge of recession October 30, 2023 The Bank of England will leave interest rates on hold for the second meeting in a row as policymakers attempt to bring inflation down to target without tipping the economy into a recession.
‘Nothing has changed’: Supermarkets back in the firing line for jacking up pump prices October 30, 2023 Supermarkets are still profiting at the pumps at the expense of British motorists, despite criticism from the UK's competition regulator.
House sales set to slide by 23 per cent this year October 30, 2023 Zoopla said that UK house prices will fall two per cent over 2024 with hopes that rising incomes will “steadily repair housing affordability".
Square Mile’s job market shrinks as firms cut costs October 30, 2023 Job openings in the City's financial services sector have fallen for the second consecutive quarter as firms respond to high costs and overhiring.
Government to ‘announce plans to phase out leasehold’ in King’s Speech October 29, 2023 All new houses across England and Wales will have to be sold as freeholds, as part of a Leasehold Bill led by Michael Gove, and expected to be announced in the King's Speech, according to the Sunday Times.