Bitcoin treads water above $28k as traders anticipate Friday’s inflation numbers April 3, 2023 Bitcoin is changing hands for $28,330 this morning, largely flat on the day, and over seven days as traders await jobs news on Friday.
UK economy on tightrope between recession and growth as exports slip but inflationary pressure eases in March April 3, 2023 Manufacturing fell in March, although fears the UK economy is entering a recession may be premature as inflation eased and average supplier lead times improved. The seasonally adjusted S&P Global /CIPS UK Manufacturing Purchasing Managers’ Index fell to 47.9 in March, down from February’s seven-month high of 49.3 and an earlier flash estimate of 48.0. [...]
FTSE 100 close: Shell and BP lift London higher as OPEC production cut boosts oil giants April 3, 2023 London’s FTSE 100 was dragged up by its oil giants at the beginning of the week, as OPEC’s cut to production saw BP and Shell climb. The capital’s premier index closed up 0.54 per cent at 7,673.00 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK [...]
Green Day’s Good News: Here are the winners in the energy sector April 3, 2023 Green Day is over - with much of the energy industry disappointed. But there were some winners which City A.M. highlights.
Recession fears see Brits stock up on own-brand kitchen staples April 3, 2023 THE COST of living crisis is beginning to be felt in the pockets of ordinary punters – with more than one in three turning towards own brand products to keep the kitchen cupboard stocked. New research from KPMG suggests more than half of UK consumers have reduced ‘non-essential’ spending amid recession fears, with eating out top of [...]
The New Reason People Don’t Want To Come Back To The Office April 3, 2023 More than a third of UK workers would quit their current role if their employer demanded they return to the office full time. That’s according to recent data which found that 32% would move to a different industry, 19% would take a pay cut, and 30% would adopt a new career in order to continue [...]
OPEC surprises with further cuts to oil production amid demand fears April 2, 2023 Oil markets could enjoy robust trading tomorrow morning after OPEC announced surprise cuts to production today.
Speedy rate hikes could knock shaky UK economy, former BoE chief economist warns April 2, 2023 Former chief economist of the Bank of England Andy Haldane has cautioned his old colleagues against raising rates too fast, warning it might unsettle an economy that is on “unsteady legs”. “I think given the extent of tightening we had during the course of last year, and the early part of this, and given the [...]
Docklands Light Railway: Cleaners and security staff launch strike over pay April 1, 2023 Cleaners, security staff and other workers on the Docklands Light Railway have launched a 48-hour strike in a dispute over pay. Members of the Rail, Maritime and Transport union (RMT) employed by ISS on the London railway have rejected an offer the union said was worth 1.8 per cent. The RMT claimed ISS staff on [...]
FTSE 100 live: London’s blue chip stocks end the week in the black as March bows out ‘like a lamb’ with bulls ‘licking their wounds’ March 31, 2023 London’s premier index ended the week in the black, just. The FTSE 100 was last up at 7,631.74 just 11.31 points or 0.15 per cent. The FTSE 250, which is more UK focused ended the week slightly in the black up at 18,928.30 or 20.56 points higher. Today was the final trading day in a [...]