Atom Bank raises further £100m from shareholders, shakes off valuation hit as London IPO looms November 1, 2023 Atom Bank has completed an £100m equity raise from its long-term shareholders as the digital lender prepares for a likely IPO.
UK manufacturing mired in deepest downturn since 2008 financial crisis November 1, 2023 The UK's manufacturing sector is engulfed in the deepest downturn since the 2008 financial crisis as market uncertainty depresses activity, a closely watched survey suggests.
Five charts the Bank of England will study ahead of Thursday’s interest rate decision November 1, 2023 Although inflation is slowly coming down, warning lights are flashing across much of the UK economy.
Future-proof your business with full-fibre broadband October 31, 2023 The UK’s communications infrastructure is undergoing a radical upheaval driven by emerging Alt-Nets reshaping the future of fibre. Community Fibre, London’s largest 100% full-fibre broadband provider has doubled its network roll-out target in London and will pass 2.2 million businesses and homes by the end of 2024. Using the most reliable broadband technology, its 100% [...]
Insolvencies at highest levels since 2009 — but which sectors are the worst hit? October 31, 2023 The number of insolvencies has risen to its highest level since 2009, at the height of the financial crisis.
ECB’s rate hikes bring down inflation, but growth falls as bloc faces recession October 31, 2023 The European Central Bank's (ECB) interest rates hikes have helped to bring down inflation across the bloc, but the costs are becoming clear as growth contracted in the third quarter.
FTSE 100 close: London pares gains as BP slump offsets inflation hope October 31, 2023 London's FTSE markets climbed on Tuesday morning as investors received another boost from falling food inflation but oil giant BP slumped after a poor set of results.
Shanghai Surprise: Chinese manufacturing slips in worrying sign for world economy October 31, 2023 Lower than expected manufacturing numbers have spooked Asian markets this morning as China provides warning on state of global economy
Reform business rates to keep food prices low, retail sector warns October 31, 2023 The rate at which food prices are increasing sank to its lowest level since last summer this month, as sector heads make fresh calls to the government to slash business rates to ensure the deceleration continues. According to the latest reading from the British Retail Consortium (BRC) food inflation came in at 8.8 per cent [...]
London business confidence improves heading into Christmas October 31, 2023 London firms are growing increasingly confident heading into the Christmas period as inflation falls and firms have more certainty over the future of rate hikes.