Howden’s revenues jump 60 per cent as insurance broker looks to capitalise on ‘very turbulent’ market January 30, 2023 Insurance broker Howden today posted “record” results for 2022, reporting a 60 per cent increase in revenue, with its chief executive adding that the firm was primed to further profit from the economic uncertainty heading into 2023. The insurance broker’s chief executive David Howden told City A.M. has said the London firm is primed to [...]
UK investors facing dividend drop-off as inflation squeezes profits January 30, 2023 Investors in UK firms are facing a drop-off in dividends this year as rising costs cause firms to rein in their payouts following a bumper 2022, according to new data.
London businesses increasingly confident they can power UK economy out of recession January 30, 2023 London businesses are increasingly confident they can power the UK out of any recession it gets itself into, a closely watched survey published today reveals. Optimism among the capital’s firms rose at the fastest pace out of any region in the UK this month, jumping 29 points to 37 per cent, according to research by [...]
London £4 trillion stock market sees profit warnings hit financial crisis levels January 30, 2023 Profit warnings issued by companies on London’s £4 trillion stock market surged over the last year, propelled by swelling costs squeezing margins, a new report out today reveals. Against a backdrop of skyrocketing energy prices and slowing demand amid cost of living crisis, businesses have had to tell shareholders to brace for profits to come [...]
The Bank of England is set to raise rates again and we could still face a 2008 crunch January 30, 2023 As the Bank of England prepares to raise interest rates again, Asrif Husain looks at what this volatility does to the financial markets and consumer credit - and the opportunities for investors.
What blockchain could do for financial literacy January 29, 2023 Katia Shabanova connects the railways and literacy to how people are discovering new ways to control their money with blockchain technology.
Week ahead: FTSE traders eye Shell and BT results as Bank of England prepares for another rate hike January 29, 2023 London traders are gearing up for a big week of corporate results, with UK giants Shell, BT Group, Glencore, GSK and Vodafone Group updating markets. Shell is due to announce their final results for 2022 on Thursday and are expected to post record profits as oil giants continue to benefit from the global energy boom. [...]
Bank of England, Fed and ECB to heap more pain on global economy – but could peak rates be in sight? January 29, 2023 City traders are gearing up for a week in which the world’s top central banks will heap even more pain on households and businesses by hiking interest rates to tame inflation – but they could send the first signal indicating they will stop doing so soon. The UK, US and eurozone economies are beginning to [...]
The mortgage ‘moron premium’ and why home loans may get (slightly) cheaper despite an expected hike in interest rates January 28, 2023 The Bank of England is expected to increase interest rates next month, making borrowing more expensive for both businesses and individuals. Although the rate decides how much businesses and individuals pay to borrow money, mortgage experts believe that the cost of home loans may actually come down, because the derivatives used by mortgage lenders have [...]
Week in Review January 27, 2023 Well, we’re at the end of another exciting week of trading with the Dollar flat, stocks higher, oil slightly relatively subdued and treasuries lower. Interesting week as yields push higher and the S&P looks set for a gain, which recently has not been the expected outcome of that sequence of events. After a positive end [...]