London’s FTSE 100 bags gains as rate sensitive stocks kick higher October 13, 2022 London’s FTSE 100 notched gains yesterday driven by stocks exposed to interest rates receiving a boost from reports the government will roll back some of the mini-budget. The capital’s premier index jumped 0.35 per cent to 6,850.27 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK [...]
Buyer demand sinks as Brits turn to renting instead of homeownership October 13, 2022 The UK’s economic uncertainty has taken “a toll” on the housing market, new data suggests, as buyer enquires sink for the fifth month in a row with Brits turning towards renting instead of homeownership. According to research by the Royal Institution of Chartered Surveyors (RICS) today, demand from new buyers collapsed more than a third [...]
Bank of England warns of ‘severe risks’ to market stability and financial crisis debt levels October 12, 2022 The Bank of England’s emergency £65bn bond buying scheme – that its chief Andrew Bailey last night confirmed will end on Friday – has been fighting “severe risks” to UK financial stability, the central bank said today. Turmoil in UK gilt markets since the government’s mini budget threatened to trigger “an excessive and sudden tightening [...]
Housebuilder Barratt warns volatility is clouding outlook October 12, 2022 Housebuilder Barratt Developments warned that economic volatility was clouding the picture for the year ahead today but doubled down on profit targets for the remainder of the year.
Fire sale UK plc: Goldman Sachs to snap up British assets on the cheap as panicky UK pension funds flee October 11, 2022 In a near-unprecedented rush by British pension funds to raise their cash holdings, Goldman Sachs and a range of other investment giants are planning to snap up UK assets at discounts of up to 30 per cent. Since Kwasi Kwarteng’s disastrously received mini-budget at the end of September, UK pension funds are rushing to improve [...]
The 30 rising dealmaking stars – but only one of them is a woman October 11, 2022 A NEW ranking of London’s ‘rising star’ public market dealmakers includes only one women in its list of the capital’s top 30 youngsters. The list, compiled by financial intelligence firm MergerLinks, is based on the size of deals and their perceived financial complexity. Goldman Sachs’ Cara Pazdon is the only woman on the list. The City has [...]
LendInvest warns of mortgage volatility as it ‘tightens credit appetite’ October 10, 2022 Mortgage fintech LendInvest said it was tightening its “credit appetite” today as it grapples with the volatility that has shaken the market in the wake of the government's so-called mini-budget.
Student accommodation group Unite sell 99 per cent of beds and makes £71m Stratford acquisition October 10, 2022 Student accommodation group Unite has sold 99 per cent of beds for the academic year, as it makes a major acquisition in Stratford for £71m. The company reported an increase in the number of beds bought up from 94 per cent in 2021/22 to almost 100 per cent this year, as university returns to being [...]
Trust the code, not the confused October 7, 2022 Rufus Round, CEO of GlobalBlock says political systems need to adapt to the crypto and digital assets technology heading their way.
Zodia Markets turn to Miano as CTO October 5, 2022 City-based crypto asset brokerage and exchange Zodia Markets has appointed Giovanni Miano as its Chief Technology Officer.