Bank of England leaves interest rates on hold with Bailey hailing ‘good news’ on inflation February 1, 2024 The Bank of England has kept interest rates on hold for the fourth meeting in a row while policymakers pushed back against expectations of imminent rate cuts. The decision means the Bank Rate remains at a post-financial crisis high of 5.25 per cent, a level reached last August. Six members of the nine-strong Monetary Policy [...]
European inflation edges down to 2.8 per cent as ECB rate cut speculation mounts February 1, 2024 Euro area inflation fell to 2.8 per cent in January, down from 2.9 per cent in December, as markets speculate when the European Central Bank will begin to cut interest rates The data came after a sharp uptick for the continent in December, when inflation rose from 2.4 per cent from November to 2.9 per [...]
Insolvencies rise helps Leonard Curtis back into the black February 1, 2024 The rise in company insolvencies across the UK helped Leonard Curtis back into the black during its latest financial year, new documents have revealed.
Hugh Osmond-backed Various Eateries plots Noci expansion as it absorbs inflation price hikes February 1, 2024 The firm said it would open 10 more of its Italian inspired Noci restaurants and three more Coppa Club sites.
Revealed: Sadiq Khan’s bumper New Year’s Eve firework budget hit £4m February 1, 2024 It said the authority "does not hold the final costs for the 2023 event - these are still being reconciled" and it was also unable to say what the most expensive individual firework was during the display.
FTSE 100 today: London markets brace for cautious start amid weak global cues, BoE policy decision holds key February 1, 2024 Asian markets mimic Wall Street's decline while oil prices rise amid Middle East tensions. Investors await the Bank of England policy decision and focus on upcoming earnings reports from Apple, Amazon, and Meta.
Fed leaves interest rates at 22-year high but pushes back on rate cuts January 31, 2024 The decision means the federal funds rate will remain at a 22-year high, standing in a range of 5.25 to 5.50 per cent.
Former Autonomy boss sues SFO ahead of US fraud trial January 31, 2024 Mike Lynch, the former boss of software firm Autonomy, has filed a lawsuit against the UK's fraud agency ahead of his criminal trial in the US.
FTSE 100 close: Bluechip index closes lower as investors await Fed’s interest rate decision January 31, 2024 London’s FTSE 100 closed in the red as investors await the latest interest rate decision from the US Federal Reserve later today, while big tech results last night soured risk sentiment. The FTSE 100 ended 0.47 per cent lower at 7,630.57 while the midcap FTSE 250 index, which is more aligned with the health of [...]
Inflation in Germany and France falls as markets look for spring interest rate cuts January 31, 2024 Inflation in Germany and France fell significantly in January, raising the chances that the ECB will lower interest rates before spring.