The UK is out of recession – but it’s far too soon to celebrate May 14, 2024 While the UK's exit from recession is welcome news, structural problems will continue to stymie economic growth for years to come if they are not addressed soon, Chris Dorrell writes
FTSE 100 today: London markets to open higher on weaker UK jobs report May 14, 2024 Asia markets mixed after lackluster Wall Street. Focus on UK jobs report, Fed Chair Jerome Powell speech, and Vodafone's earnings.
Coutts: Prime London property prices to rebound as inflation subsides May 13, 2024 A cocktail of macroeconomic factors meant there was a 3.9 per cent drop in prime London prices in the last quarter.
Ex-pensions minister: ‘Serious questions’ for lenders as ultra-long mortgages surge May 13, 2024 Young homebuyers are at risk of falling into poverty in older age, a former pensions minister has warned, as fresh data suggests more than one million new mortgages over the last three years were issued with end dates beyond the state pension age.
Higher wage growth has not fuelled inflation – but it will if productivity does not improve May 13, 2024 Despite stronger real wage growth, productivity - which measures workers' output per hour - has actually deteriorated in the past year.
Anglo American rejects second BHP takeover bid – this time worth £34bn May 13, 2024 Anglo American has rejected a second takeover bid from BHP - this time worth £34bn.
Busy claims year drives demand for risk professionals in London insurance market May 13, 2024 Vacancies for risk professionals in insurance companies are on the rise as the sector battles yet another busy claims year
SME lender Simply Asset Finance posts record revenue as small firms shun big banks May 13, 2024 Specialist lender Simply Asset Finance has posted a record annual revenue as small and medium-sized enterprises (SMEs) turn away from big banks for funding.
GLIL bags £475m pension injection after infrastructure spending spree May 13, 2024 GLIL Infrastructure, the investment vehicle backed by the Local Government Pension Scheme (LGPS), has secured £475m in additional fundraising from its members as it looks to up spending on UK assets.
London’s strength suggests economic recovery has further to run May 13, 2024 "The sharp and quicker expansion in the capital also supported growth in activity across the UK as a whole," Catherine van Weenen, territory head of commercial mid market at NatWest, noted.