FTSE 100 today: London markets set to open lower as rate cut anxiety weigh May 30, 2024 Rate cut anxiety triggers Asian stock slump, mirroring Wall Street. Salesforce drops 15%. Focus shifts to US Q1 GDP and Auto Trader.
BHP abandons £39bn pursuit of Anglo American May 29, 2024 BHP has abandoned its pursuit of Anglo American today after the London-listed firm refused to offload its South African iron ore business prior to a deal and declined to extend takeover talks.
Anglo American rejects BHP request to extend takeover talks May 29, 2024 Anglo American has rejected BHP's request to extend the deadline for a takeover.
Labour backs away from bank windfall tax in bid to win over City May 29, 2024 Reports suggest Labour is not planning to impose a windfall tax if it comes into power.
BHP asks Anglo American for more time to get its deal across the line May 29, 2024 BHP has asked Anglo American for more time to hammer out a deal.
Big banks shun demand for SME lending as larger firms prioritised May 29, 2024 Big banks are set to withdraw even further from funding small and medium-sized enterprises (SMEs) this year, data shared exclusively with City A.M. suggests, as high street lenders face criticism for prioritising larger firms.
FTSE 100 today: London markets set to open lower amid US rate cut and domestic political uncertainty May 29, 2024 Asian markets fell on inflation fears, IMF raised China's growth forecast. Investors await Fed speeches, Beige Book, Friday's PCE index.
For Labour, these last 24 hours have been years in the making May 29, 2024 She may not have much of a Texan drawl, but Rachel Reeves’ commitment yesterday to no new tax hikes under a Labour government certainly matched the import of George Bush Senior’s commitment more than three decades ago. It is a commitment that we, and much of corporate Britain, will hold her to if Labour does [...]
Interflora’s losses widen as flower delivery giant attempts ‘boldest pivot in 100-year history’ May 28, 2024 Losses widened at the UK arm of flower delivery firm Interflora widened its pre-tax losses last year, as the firm continued to struggle with customers spending less.
Arrowxl to be sold after former Yodel owner racked up debts of over £150m May 28, 2024 ArrowXL is to be sold after the company behind it, which is owned by the billionaire Barclay family and formerly included Yodel, racked up debts of more than £150m ahead of entering administration.