Crest Nicholson shares drop as housebuilder says it will build 11 per cent fewer homes March 19, 2024 Crest Nicholson has identified defects in construction on four sites completed before 2019, estimated to cost around £15m.
Rachel Reeves to promise Treasury reform as Labour party promises ‘new chapter’ for Britain March 19, 2024 Labour’s Rachel Reeves will unveil plans for a “new chapter” for Britain’s economy alongside reform to the Treasury as she delivers the prestigious Mais lecture.
The Bank of England should cut rates soon – but timing is everything March 19, 2024 There's no doubt that cuts should start soon, but it might be wise to wait a little bit longer before reaching for the interest rate axe, writes Chris Dorrell.
The Notebook: Metro Bank’s cost-cutting drive spells trouble for challengers March 19, 2024 Victoria Scholar takes the Notebook pen to talk Metro Bank's troubles, relief in China and swoops for Selfridges.
FTSE 100 today: London markets set for quiet kickoff ahead of data-heavy week March 19, 2024 Markets saw volatility as Japanese stocks fluctuated following the Bank of Japan's decision to scrap negative interest rates, leading to a weaker yen. Meanwhile, Australia's central bank maintained rates at 4.5 per cent, with focus shifting to upcoming policy decisions from the US Federal Reserve and the Bank of England.
UK credit card debt jumps as household finances squeezed in warning sign for the economy March 18, 2024 Outstanding debt on UK credit cards jumped nearly 10 per cent last year, according to new data, as households turned to borrowing amid inflationary pressures and the cost-of-living crisis.
Moving markets: Five things shaping the FTSE 100 today March 18, 2024 Asian shares climb on strong Chinese data, while oil prices surge amid geopolitical tensions. Vladimir Putin wins 88 per cent of votes in an election devoid of opposition candidates. Major central banks take centre stage this week with pivotal decisions ahead.
Central banks in focus this week as policymakers weigh up interest rate cuts March 17, 2024 Major central bank are set to dominate the headlines this week as they prepare to make decisions on interest rates that will determine borrowing costs around the world.
Bank of England to cut interest rates in June, economists forecast March 17, 2024 The Bank of England is set to start cutting interest rates in June, according to a City A.M. poll of top economists, as inflation nears its target, the labour market cools and the UK takes its first steps out of recession.
Lib Dems call for Biden-style tax on share buybacks at spring conference March 16, 2024 Party leader Sir Ed Davey said: “Neither the Conservative government or Labour Party have explained how they will fund public services fairly after the next election.