US jobs growth surged in September as Fed now likely to raise interest rates again October 6, 2023 US job growth surged in September, suggesting that the labor market remains strong enough for the Federal Reserve to raise interest rates this year.
FTSE 100 close: London ends week higher after US jobs growth smashes forecasts October 6, 2023 London markets opened higher this morning despite a fall in house prices for the sixth consecutive month in a row.
London house prices slump again as high interest rates pile pain on mortgage holders October 6, 2023 London house prices cratered again in September as the Bank of England’s interest rate hikes continue to pile pain on mortgage holders and weigh on the housing market. House prices in the capital have fallen 4.8 per cent over the last year, the biggest fall of any region in cash terms at an average of [...]
Retail woes continue as sunny September slows fashion sales October 6, 2023 September proved to be another tricky month for retailers, with growth up just 0.2 per cent on last year, hit by hot weather and the cost of living crunch. According to latest figures from the accountancy firm BDO, clothing retailers saw sales fall 3.4 per cent during the month, compared with a 6.7 per cent [...]
Metro Bank bosses summoned for meeting with City watchdogs after share price slump October 5, 2023 The bosses of Metro Bank have been called in to emergency meetings with the UK's financial watchdogs after its shares slumped over 20 per cent this morning.
New car market revs up in September but experts warn EV demand to slip on petrol ban U-turn October 5, 2023 New car registrations soared last month, as pent-up demand for new vehicles helped the auto sector motor towards its 14th consecutive month of growth.
Thursday opens with green candles and a surge from Avalanche (AVAX) October 5, 2023 The entire crypto market cap is up by 0.5%, as Bitcoin continues to take a robust hold above $27k, trading for $27,670 this morning.
Metro Bank shares tumble on reports it needs £600m to shore up balance sheet October 5, 2023 Metro Bank shares tumbled by more than 20 per cent this morning after reports that the challenger is in talks to raise hundreds of millions of pounds in an effort to shore up its balance sheet. Metro has reportedly hired bankers at Morgan Stanley and Moelis to raise £600m in extra financing, which includes £250m [...]
Student housing provider Unite names new chief executive October 5, 2023 Student housing provider Unite has announced that chief executive Richard Smith is stepping down after seven years leading the business. Smith, 49, will be replaced by Joe Lister, who has been chief financial officer since 2008. He will take the helm on 1 January. Smith’s tenure saw the company expand significantly, with 157 properties now [...]
Six high-street banks including Santander, Barclays, HSBC, NatWest and Lloyds given ‘red’ warning over eco policies October 5, 2023 Six of the UK’s biggest high-street banks have been placed in a “red” warning category by consumer champion Which? over their fossil fuel investments and commitments to tackling climate change. JP Morgan Chase, Santander, Barclays, HSBC, NatWest Group and Lloyds Banking Group were exposed for having too weak green credentials. Just three of the UK’s [...]