Slack continues to build in jobs market but employers look to ‘green shoots’ August 8, 2024 The survey pointed to a subdued demand for staff as a key reason for the decline in permanent placements, which extended the downturn to nearly two years.
FCA joins Bank of England in relocating jobs from London to Leeds August 7, 2024 The Financial Conduct Authority (FCA) has revealed plans to relocate 100 jobs from London to Leeds, just months after the Bank of England announced a similar move. The watchdog, which established its first office in Leeds two years ago, is growing its team at the digital delivery centre on Queen Street, where around 100 employees [...]
The Notebook: Why financial firms should pay more attention to first-time investors August 7, 2024 Where the City’s movers and shakers have their say. Today, it’s Max Rofagha, CEO of Finimize, with the pen, talking first-time investors, the Tiktok Olympics and what to add to your reading list As interest rates come down, what do we need to know about first-time investors? Following the Bank of England’s first rate cut [...]
Property Franchise Group heralds ‘transformational’ growth after Belvoir deal August 7, 2024 The Property Franchise Group (TPFG), which operates brands including Hunter’s and Ellis & Co, has announced booming revenue following the acquisition of Belvoir and Fine & Country. Aim-listed TPFG, which merged with Belvoir earlier this year in a £110m deal , is the UK’s largest multi-brand property franchiser. The deal appears to have paid off, with group revenue [...]
UK house prices surge to highest point since January to end months of stagnation after rate cut August 7, 2024 Renewed momentum in the property market has seen UK house prices rise at the highest rate since January, ending a three-month spell of stagnation. House prices increased by 0.8 per cent in July, with the average property now costing £291,268, up from £289,042 in June, according to the Halifax house price index. This surge sets [...]
IFS: Reeves tweaking debt rule won’t change fiscal fundamentals August 7, 2024 The Chancellor has inherited a very difficult fiscal position, with many public services in need of funding boosts while both the tax burden and national debt stand at their highest level for many decades.
‘Open for business’: Top US finance chiefs to attend UK investment summit August 6, 2024 The first US CEOs have confirmed they will attend the UK government’s international investment summit this autumn.
Treasury’s QE bill might reach £95bn, Bank of England estimates show August 6, 2024 The latest estimate, released today by the Bank of England in a quarterly update, is a slight increase on the Bank’s previous upper estimate of £85bn.
FTSE 100: London markets edge higher after Monday’s massive sell-off August 6, 2024 Both indexes recorded big falls yesterday, dropping around 2.0 per cent and 2.8 per cent respectively.
Biggest UK lenders including Natwest, Lloyds and Nationwide could fail safely in a crisis, Bank of England says August 6, 2024 The Bank of England has said any major UK lender could be safely wound down in a crisis without causing disruption to banking services or forcing a taxpayer bailout.