Halifax: House prices stagnate in April as affordability issues push buyers towards flats May 7, 2024 The outlook for the housing market is mixed, although the latest figures from Halifax show prices have been rising.
The markets are wrong. Bank of England interest rate cuts are on the way May 7, 2024 In a huge swing, markets are now only fully pricing in one rate cut by the Bank of England for 2024. But Chris Dorrell argues that, as things stand, more cuts are likely
FTSE 100 today: London markets to scale to new highs on growing rate cut bets, riding global rally wave May 7, 2024 Asian markets surged in line with Wall Street's positive trend, while oil prices rose after Israel's strike in Gaza. Gold prices also climbed amid geopolitical uncertainties. Australia's central bank holds the cash rate at 4.35 per cent. Investors are now focused on the Bank of England (BoE) policy decision and UK GDP data for further market cues.
The City stands ready to help Sadiq Khan deliver growth for London May 7, 2024 The newly reelected Mayor is right to tout the merits of financial services. When the City succeeds, London succeeds, says Chris Hayward As Sadiq Khan returns to City Hall for an unprecedented third term as Mayor of London, this is a good moment to take stock of the challenges in the next four years, that we in the Square [...]
Are UK markets ready to bounce back? UBS says yes May 6, 2024 The UK market has been unloved for some time, but this might be about to change, as UBS has radically shifted its ratings for UK equities.
Week ahead: JD Wetherspoons, BP, IAG and more train strikes May 6, 2024 The week ahead will also reveal Halifax's house price index, PMI construction figures and an interest rate decision from the Bank of England.
Bank of England to hold rates again – but it could signal a summer cut is on the cards May 6, 2024 The Bank of England is set to leave interest rates on hold again on Thursday, but policymakers could signal a willingness to cut rates in the near future if inflation continues to fall.
The week that was: hot property and an optimist’s guide to UK equities May 4, 2024 We wrap up another busy week in the Square Mile
HSBC dished out $19bn to shareholders last year – and there’s more to come in 2024 May 3, 2024 HSBC dished out roughly $19bn (£15.1bn) to shareholders in respect of last year and expects continued strong payouts in 2024, its management has said, as Europe's biggest bank looks to weather economic uncertainity and interest rate cuts.
UK economy continues recovery as services sector hits highest level of growth in a year May 3, 2024 The UK services sector saw a spike in new orders in April but cost pressures also increased at the fastest rate since August.