After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
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.
FTSE 100 close: London rises on Fed official’s comments amid Israel-Gaza uncertainty October 10, 2023 London’s FTSE 100 index soared as markets reacted well to comments by a top official at the Federal Reserve, despite ongoing uncertainty looming due to the war with Israel and Gaza. The capital’s premier bluechip index closed 1.82 per cent higher at 7,628.21, lifted by Ocado, Anglo American and Flutter. Down the most since March, [...]
Here we go again: IMF predicts UK economy to lag US and EU next year October 10, 2023 The UK is set to be the weakest performing advanced economy in 2024 according to new forecasts from the International Monetary Fund (IMF) as tighter monetary policy slows economic activity.
Falling price of butter leads the way as grocery inflation drops again October 10, 2023 Grocery price inflation has fallen again with the average price of a pack of butter now 16p less than a year ago, figures show. Prices across grocers were 11 per cent higher than a year ago for the four weeks to October 1, down from the previous month’s 12.2 per cent, analysts Kantar said. It [...]
Spending on restaurants and takeaways drops as Brits tighten belts ahead of Christmas October 10, 2023 September spelled further pain for restaurants and takeaways, with sales dropping as Brits cut back on eating out before the Christmas period.
Retail sales lay limp in September as Indian summer rocks sector October 10, 2023 UK total retail sales continued to limp along in September with growth up just 2.7 per cent against a figure of 2.2 per cent for September last year as an Indian summer and cost of living pressures walloped the sector. Non-food sales declined 1.2 per cent on a total basis over the three months to [...]
The Notebook: Victoria Scholar on why holiday spirit isn’t enough to power airlines’ profits October 10, 2023 Where the City’s top thinkers get a few things off their chest. Today, Interactive Investor’s Victoria Scholar takes the pen. Holiday spirit not enough to power airlines’ profits Global airline capacity (number of seats offered multiplied by distance flown) is finally on track to restore its pre-pandemic levels, according to data from Circium, reported by [...]
Clydesdale Bank loan misselling case begins in High Court as claimants seek £400m October 9, 2023 A £400m High Court case against Clydesdale Bank kicked off today with claimants alleging that business account customers paid hundreds of millions of pounds in unnecessary interest.
Gold prices surge as investors embrace safe haven assets following Hamas attack on Israel October 9, 2023 Gold prices have rebounded heavily today from a nine-day slump, with investors drawn to safe haven assets amid concerns over geopolitical risk.
Labour pledges ‘fiscal lock’ to protect UK economy, says Rachel Reeves October 9, 2023 A Labour government would deliver a “new fiscal lock” to legally guarantee significant tax and spending changes must be reviewed by economic experts, Rachel Reeves has vowed. The shadow chancellor said a government led by Sir Keir Starmer would “put forward a new charter for budget responsibility” in the wake of the chaos wrought by [...]