Federal Reserve hold rates for third time but hints at future cuts December 13, 2023 The US Federal Reserve has kept interest rates on hold for a third time in a row, as “inflation has eased over the past year but remains elevated”. The announcement from the Federal Open Market Committee (FOMC) today sees the federal funds rate remain between 5.25 per cent and 5.50 per cent, its highest level [...]
Fear within UK small businesses peaks as economy shrinks December 13, 2023 Fear within UK small businesses has peaked today as the 0.3 per cent fall in October's GDP reignites a surge in economic concerns.
Paragon Bank extends two-week rally after RBC upgrades specialist buy-to-let lender December 13, 2023 Paragon Bank shares rose as much as 2.7 per cent on Wednesday in the specialist lender's 11th consecutive session of gains after RBC Capital Markets upgraded the stock to outperform from sector perform on the back of strong full-year results.
GDP falls sharply in October as UK economy recession fears re-ignite December 13, 2023 GDP fell 0.3 per cent in the month of October, reigniting fears that a wave of interest rate hikes have strangled UK growth.
Basel III rules set to have ‘low’ impact on UK banks compared to US, says Bank of England December 12, 2023 International rules on bank capital are set to have a "low" impact on UK lenders, according to new adjustments from the Bank of England, as Wall Street warns the same framework could significantly weaken lenders in the US.
Are dividends under threat at Vodafone, BT and peers? December 12, 2023 Why are dividends looking unsustainable for big telecom companies at a time when connectivity is so important?
UK jobs figures bolster case for interest rate hold but ‘experimental’ unemployment data ‘difficult to trust’, analysts say December 12, 2023 The latest UK jobs data has bolstered the case for the Bank of England to hold interest rates on Thursday, according to analysts, as the labour market shows signs of cooling but inflationary pressures still remain.
Hargreaves Lansdown and AJ Bell shares slump as regulator fires interest rate warning shot December 12, 2023 Hargreaves Lansdown and AJ Bell have slumped in value this morning after the Financial Conduct Authority fired a warning shot at retail investment firms over the interest income they are making on customers’ cash.
Wage growth cools slightly giving Bank of England space to hold interest rate December 12, 2023 Annual wages grew 7.3 per cent in the three months to the end of October, a slight fall on the month before and a figure which will give the Bank of England more freedom to hold interest rates later this week. The readout is slightly lower than consensus of 7.4 per cent and some way [...]
UK tech scene continues to defy pessimists with three new unicorns this year December 12, 2023 The UK's tech boom continues with three new unicorn startups this year, according to new data by Pitchbook.