moneymarkets

Business downturn fuels recession fears, as PMI index weakest since 2021 By John-Paul Ford Rojas Updated: 11:13 BST, 23 September 2023 Britain’s private sector is shrinking at the fastest pace since the nation was in lockdown – adding to fears of a recession. The monthly purchasing managers’ index (PMI) for September delivered the weakest reading … Read more

While households struggle with historically high inflation and eye-watering borrowing costs, Britain’s banking industry is enjoying bumper profit growth.  HSBC last week posted half-year earnings growth of more than 144 per cent to $16.9billion, following rivals Lloyds, Standard Chartered and NatWest Group, which all revealed double-digit earnings expansion. The results triggered a torrent of criticism … Read more

UK economy is resilient but more rate hikes are on the way Stronger-than-expected economic growth increases chances of more rate rises  Worries hit trading in the Square Mile, with the FTSE 100 dropping 1.2%  Bank of England is predicted to hike rates at its next meeting  By Calum Muirhead Published: 21:50 BST, 11 August 2023 … Read more

LIVE BUSINESS LIVE: Bank of England expected to hike base rate By Live Commentary Updated: 07:48 BST, 3 August 2023 The Bank of England’s Monetary Policy Committee is expected to hike interest rates later today. Market pricing is currently leaning towards a 25 basis point hike to 5.25 per cent, but some forecasters predict the … Read more

Employers pulling out all the stops to prevent an exodus of over-50s staff as they try to stall early retirement rush By Daily Mail City & Finance Reporter Updated: 10:09 BST, 26 June 2023 Employers are pulling out all the stops to prevent an exodus of staff aged over 50 years old. One in 10 … Read more

BUSINESS CLOSE: Aston Martin agrees $232m electric vehicle deal; Cineworld to file for administration; AB Foods lifts profit expectations By Live Commentary Updated: 17:19 BST, 26 June 2023 Share or comment on this article: Some links in this article may be affiliate links. If you click on them we may earn a small commission. That … Read more

City raises alarm over plans to allow investors to hold up to £20k in Britcoin – warning it may result in bank runs By John-Paul Ford Rojas For The Daily Mail Updated: 10:11 BST, 26 June 2023 The City has raised the alarm over Bank of England plans to allow investors to hold up to … Read more

World’s second richest man, Bernard Arnault, hits out at his countrymen in France for resenting his wealth, saying they like to criticise the successful By Daily Mail City & Finance Reporter Updated: 21:50 BST, 23 June 2023 The world’s second richest man has hit out at his countrymen in France for resenting his wealth, saying … Read more

The International Monetary Fund’s U-turn on predictions of a looming UK recession was cheered earlier this month, but a major credit agency has brought those fears back under the spotlight. The IMF was joined by the Bank of England last month in reassessing its outlook for the UK economy, upgrading predictions of a recession to … Read more