FTSE 100 today: London markets prepare for quiet start amid thin U.S. holiday trading February 19, 2024 Asia shares stumble while China sees modest gains. Oil dips in light U.S. holiday trade. China's central bank holds the key interest rate steady. All eyes will be on high-flying Nvidia's earnings report this week.
Has the ‘squeezed middle’ come true for UK asset managers? February 17, 2024 As data for the end of the year has trickled out over the last month, it has become clear that 2023 was a poor year for mid-sized asset managers, after they suffered an already bruising 2022. The idea of the ‘squeezed middle’ has been a pervasive business cliche for some time, but it seems to [...]
FTSE 100 close: London powers into the green after retail rebound, Natwest shares soar February 16, 2024 "Market sentiment is being buoyed by better-than-expected retail sales," Sophie Lund-Yates, lead equity analyst, Hargreaves Lansdown.
Recession or rebound: Where is the UK economy after blockbuster week of data? February 16, 2024 The UK is in recession, but there are also signs of a rebound. Inflation lower was than expected but wage pressures remain strong. What does it all mean?
Nigel Farage threatens Natwest with legal action unless it settles his compensation claim February 16, 2024 Nigel Farage threatens Natwest new CEO Paul Thwaite with legal action with an aim to make "sale of shares very difficult", unless the bank settles "an ongoing compensation claim with him"
Dead Man’s Fingers maker cuts over 500 jobs and enters the red after cyber attack hits sales February 16, 2024 The maker of Crabbie's Ginger Beer and Dead Man's Fingers spiced rum shed more than 500 jobs and entered the red after its sales were hit by a cyber attack, it has been revealed.
Strong January retail sales raise hopes UK already ‘moving out of recession’ February 16, 2024 Retail sales rebounded much more than expected in January, following a poor Christmas period, raising hopes that the UK economy will be able to escape recession within a matter of months. Figures from the Office for National Statistics (ONS) showed that sales volumes were up 3.4 per cent in January, compared to the 1.5 per [...]
How to cure the City’s depression? Some retail investor therapy February 16, 2024 The London Stock Exchange needs wide reform, but recentering the role of retail investors could be a shot in the arm, writes Fraser Thorne.
Moving markets today: What’s shaping the FTSE 100 this morning February 16, 2024 The S&P 500 hit a record high despite big tech losses, while the Nikkei reached new heights and oil remained stable. Investors awaited the release of UK retail sales and US PPI data.
FTSE 100: London markets rise as UK recession and poor retail sales bolster hope for interest rate cuts February 15, 2024 The UK economy shrunk 0.1 per cent in December meaning it contracted 0.3 per cent over the fourth quarter of last year, a worse performance than economists had expected.