Loosening Covid-19 laws in China will not be economy’s silver bullet, says ING December 7, 2022 The loosening of strict Covid-19 restrictions in China Is unlikely to be the silver bullet the local economy needs, according to banking giant ING. China announced today that it is further relaxing its pandemic measures, meaning only those working in high-risk positions and located in elderly homes, hospitals, child care and primary schools will need proof of [...]
FTSE 100 dragged down by strike sensitive stocks tumbling December 6, 2022 London’s FTSE 100 was dragged down today by companies that will likely suffer amid additional rail strikes over Christmas. The capital’s premier index dropped 0.61 per cent to 7,521.39 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, fell 1.19 per cent to 19,100.08 points. [...]
FTSE 100 only major index to swerve loss this year December 6, 2022 London’s FTSE 100 has breezed past its major international rivals to emerge as the only blue-chip index to squeeze out a gain so far this year, research by Morning Wire shows. The capital’s premier index has climbed around two per cent in pound terms in 2022 and is on track to end the year as the [...]
FTSE 100 lifted by China Covid-19 easing rumours December 5, 2022 London’s FTSE 100 was bumped higher today as investors were buoyed by signs Beijing is reeling back its tough zero-Covid policy. The capital’s premier index jumped 0.15 per cent to 7,567.54 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, dipped 0.17 per cent to [...]
Ageing population and weaker post-Brexit migration has damaged UK economy, experts claim December 5, 2022 An ageing population, weaker migration inflows since Brexit and a sicker society due to the pandemic has damaged the UK long-term economy’s health, top City economists have warned. A steadily rising elderly population has resulted in a jump in Brits leaving the jobs market to take retirement or due to ill health, putting the workforce [...]
UK recession to officially begin this winter, City economists predict December 5, 2022 The UK’s recession will officially begin this winter and is likely to last for most of next year, a closely watched survey out today suggests. S&P Global and the Chartered Institute of Procurement and Supply’s (CIPS) final purchasing managers’ index (PMI) measuring private sector activity in November was unchanged at 48.2, the lowest number since [...]
UK businesses fear supply chain chaos will ruin Christmas trading December 5, 2022 UK businesses are anxious that supply chain chaos and soaring costs that have punctuated this year will scupper the lucrative Christmas trading period, a new survey out late last night revealed. Nearly half of British firms are concerned about the rising cost of sourcing materials to produce products, making it the most common problem businesses [...]
‘Government can change’ UK economic stagnation, CBI urges December 5, 2022 The UK risks another “lost decade of growth” unless the government takes action to strengthen companies’ confidence in the economy, the country’s top business group warned today. Rishi Sunak must create an environment that incentivises business investment to avoid prolonging the UK’s growth malaise since the financial crisis, according to the Confederation of British Industry [...]
Week ahead: Inflation expectations numbers top City’s agenda December 4, 2022 Investors this week will be eyeing fresh data revealing how long households think high inflation will stick around in the UK for clues on the size of the Bank of England’s next interest rate rise. Last week, London’s premier FTSE 100 index climbed nearly one per cent to 7,556.23 points, while the domestically-focused mid-cap FTSE [...]
London markets post mixed day as banks take a tumble December 1, 2022 London markets posted mixed performance today as big industrial firms and banks dragged the FTSE 100 lower. The capital’s premier index dropped 0.19 per cent to 7,558.49 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, climbed 1.28 per cent to close at 19,409.42 points. [...]