I’ve lived in many places – but nowhere compares to the City of London January 8, 2024 It may be January, but Michael Mainelli says it's time for optimism in the City, which already contains an abundance of resources for success.
Moving markets today: What’s shaping the FTSE 100 this morning January 8, 2024 Moving Markets Today: Asia Stocks Trade in Tight Ranges, U.S. Congress Leaders Finalize $1.66 Trillion Budget; Alaska Airlines Cancels 170 Flights, Corporate Earnings Season Begins Investors in Asian stock markets were cautious as they await inflation data from both the U.S. and China, as well as company earnings. U.S. Congress leaders have agreed on a [...]
Bank of England must start thinking about cutting rates, says former chief economist January 7, 2024 While Haldane suggested it "might be premature" to start cutting interest rates immediately, he cautioned against any further rate increases.
US inflation to attract attention after markets make poor start to 2024 January 7, 2024 Market movements will likely be driven by the latest US inflation figures out this week after getting off to a sluggish start in 2024.
Chancellor unsure if Government can afford to announce new tax cuts January 6, 2024 Chancellor Jeremy Hunt has said he does not know if he can afford to cut taxes for British households as a national insurance reduction came into force on Saturday. Hunt said he wanted to further ease a tax burden which is expected to rise to the highest since the Second World War before the end [...]
More Tube strikes coming? Another union to ballot London Underground staff January 5, 2024 The TSSA (Transport Salaried Staffs' Association), which says it is the biggest union for Transport for London workers, will put a vote to its members for industrial action, after rejecting a new pay offer.
US jobs grow more than expected as wages keep rising, casting doubt on rate cuts January 5, 2024 U.S. employers hired more workers than expected in December while raising wages at a solid clip, casting some doubt on financial market expectations that the Federal Reserve would start cutting interest rates in March. Nonfarm payrolls increased by 216,000 jobs last month, the Labor Department’s Bureau of Labor Statistics said in its closely watched employment report on Friday. [...]
European inflation up after months of decline casting doubt on ECB interest rate cuts January 5, 2024 Inflation plaguing Europe increased to 2.9 per cent in December, after seven straight monthly declines, figures show. The rise in price levels cast doubt on predictions for swift interest rate cuts from the European Central Bank (ECB). The figure released on Friday was up from the 2.4 per cent annual inflation recorded in November – [...]
Natwest chair says “it’s not that difficult” to buy a house. The data disagrees. January 5, 2024 House prices continue to outpace wage growth but Natwest chair Sir Howard Davies has told youngsters it's "not that difficult" to get on the ladder
London start-ups and tech firms battered by dramatic fall in venture capital January 5, 2024 UK venture capital funding cratered by almost half last year as rising interest rates and an economic downturn hammered start-ups and tech firms, new data has revealed.