FTSE 100 today: London markets to open higher, riding the global rally wave March 22, 2024 Asian markets track Wall Street's uptrend. Apple shares fell 4.1 per cent amid legal issues, and the Chinese yuan hit a four-month low. Reddit's stock soars 48 per cent on debut. Focus shifts to key events like UK retail sales and Fed Chair Powell's speech for monetary policy clues.
Iberdrola puts UK second in its green investment plans with £12bn tranche March 21, 2024 Spanish energy giant Iberdrola is set to send more green energy investment to the UK than Spain, Germany, France and Australia combined. The group today revealed that it will be sending £12bn over the next three years to the market, the second largest allocation in a £35bn tranche that will also see the creation of [...]
Bank of England’s dovish pivot on interest rates poses a number of questions March 21, 2024 Andrew Bailey, governor of the Bank of England, gave as precise a summary as it is possible to give. "Things are moving in the right direction".
Bank of England holds interest rates again but Bailey says ‘things are moving in the right direction’ March 21, 2024 The Bank of England voted to leave interest rates on hold for the fifth consecutive meeting.
State pension triple lock will reportedly be in Conservative manifesto March 21, 2024 The state pension triple lock will be in the Conservative manifesto for a general election, according to multiple reports.
Wickes chief gets inflation-busting pay rise after ‘proving himself’ March 21, 2024 The chief executive of Wickes has been handed an inflation-busting pay rise after 'proving himself' in the role.
UK economy sees another ‘robust expansion’ in March as manufacturing sector improves March 21, 2024 The recovery of the UK economy looks set to roll on as business activity continued expanding in March, a closely watch survey suggests.
Direct Line brings back dividend but warns there’s still work to be done March 21, 2024 Insurer Direct Line has posted an annual operating loss of £189.5m as it battles claims inflation, while looking to achieve £100m in annualised cost savings by the end of 2025.
Government borrows more than expected in February, but on track for lowest annual total in four years March 21, 2024 The borrowing figures are the first since Jeremy Hunt's Spring Budget, in which he cut National Insurance by a further 2p.
Fed holds interest rates – but warns on inflation – ahead of Bank of England decision March 21, 2024 The Fed's decision comes as markets grow increasingly nervy about the persistence of inflation after two consecutive overshoots.