Here’s what’s moving the FTSE 100 and global markets this morning November 10, 2023 Treasury yields climbed as Fed Chair Jerome Powell hinted at the possibility of prolonged higher rates, contributing to a decline in global stocks. The Reserve Bank of Australia cautioned about inflation risks, and a ransomware attack on China’s ICBC disrupted Treasury market trades. The spotlight shifts to UK GDP data and comments from ECB President [...]
Steven Bartlett: My ‘selfish pursuit’ and culture of ‘extreme failure’ November 10, 2023 Steven Bartlett, entrepreneur and host of hit podcast 'Diary of a CEO' talks to City A.M. about creating a corporate culture of "extreme failure".
How Crude: Weak demand pushes oil prices below $80 per barrel November 9, 2023 Oil prices have shown signs of recovery in today's session, after dipping below $80 per barrel last night, with markets weighed down by easing demand.
Monetarists warn of ‘severe recession’ and risk of deflation as money supply falls November 9, 2023 Monetarists are warning that the UK is facing a "severe recession" as the money supply falls sharply in the face of the Bank of England's interest rate hikes.
Is Premier League loan ban really aimed at Newcastle United and Ruben Neves? November 9, 2023 Premier League clubs are set to vote on the ban later this month.
Buy Now Pay Later lenders in fight for survival, says Moody’s November 9, 2023 Moody's says that tightening financial conditions and rising competition has brought challenges for independent Buy Now Pay Later lenders.
The most affordable Christmas dinner in a cost of living crisis November 9, 2023 Aldi has emerged on top after finance experts uncovered the cheapest supermarket in the UK to purchase your Christmas dinner in 2023.
FTSE 100 close: London powers into the green thanks to strong performance from Auto Trader and Astrazeneca November 9, 2023 Shares in Flutter sunk after it said it had experienced a downturn in its Australian business. Revenue fell 18 per cent year-on-year due to regulatory hurdles and a "challenging racing market".
Huw Pill says Bank of England needs to ‘maintain restrictive stance’ amid debate about rate cuts November 9, 2023 Huw Pill's comments today were more hawkish than earlier in the week when he suggested expectations for summer rate cuts were "not unreasonable".
Taylor Wimpey warns of more housing pain – but better profits than first expected November 9, 2023 The FTSE 100 firm’s trading update mimicked that of its rival Persimmon, who on Tuesday warned of market trouble next year, while simultaneously raising the number of homes it plans to build.