FTSE 100 close: Wilting Chinese recovery keeps London mining giants lower July 5, 2023 London’s FTSE 100 sagged today, dragged lower by industrial firms tumbling in response to signs that China’s economic recovery is running out of steam. The capital’s premier index shed 1.03 per cent to close at 7,442.11 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, [...]
Inflation falling rapidly but not enough to avert 14th straight Bank of England rate rise, experts warn July 5, 2023 Inflation is still hanging around in the UK economy due to businesses continuing to pass on higher wage bills, although there are signs price pressures have turned a corner, a closely watched survey out today reveals. A reduction in energy and transport bills caused by international gas markets and supply chains repairing from a series [...]
FCA investigation asks if Crispin Odey was ‘fit and proper’ to work in financial services July 5, 2023 The Financial Conduct Authority has today confirmed it launched probes into disgraced fund manager Crispin Odey in mid-2021 to determine whether he was a “fit and proper person” to be working in financial services.
New report unveils UK firms’ self-preservation tactics July 5, 2023 | Sponsored In today’s ever-evolving business environment, finance directors face vast external challenges that can impact their organisation’s financial performance – from geopolitical tensions and trade block negotiations, to soaring inflation and the residual effect of the Coronavirus pandemic. With a lot to navigate, finance teams are exploring all potential routes to help strengthen the bottom line [...]
London IPO market shows ‘green shoots of recovery’ after barren start to the year July 5, 2023 The amount of cash raised on the London Stock Exchange has begun to creep upwards this year as the “green shoots of recovery” begin to appear after a barren period on the market, new data shows.
Britons are worst investors in Europe and have £1.8trn sitting idle in savings July 5, 2023 Britons’ are the worst investors in Europe and have around £1.8trn sitting idle in savings accounts, around the entire value of the FTSE 100, a new report released today has found.
FTSE 100 close: London index muted amid Wall Street shut down for 4th July as Wizz Air soars July 4, 2023 London’s FTSE 100 was muted on a quiet trading day globally due to Wall Street being shut for US Independence Day. The capital’s premier index edged 0.10 per cent lower to 7,519.73 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, added 0.14 per cent [...]
UK now only rich country where inflation is rising despite Bank of England interest rate hikes July 4, 2023 Britain is now the only rich country where inflation is rising, signalling the Bank of England’s series of interest rate rises have been less effective than its peers’, new data out today shows. Inflation across the Group of Seven (G7) nations fell to 4.6 per cent in May, down from 5.4 per cent in April, [...]
A Better Way Forward for M&A Pipeline Management July 4, 2023 | City Talk Pipeline management – identifying, building, and managing potential targets and opportunities – is key to success for M&A dealmakers. However, the process can be extremely inefficient. Dealmakers often rely on spreadsheets that are not purpose-built for tracking M&A opportunities, lack sophisticated automation to optimize workflows, and don’t link with other M&A technologies being used. A [...]
UK deals set to flatline as sluggish economy puts off foreign buyers July 4, 2023 Takeover activity in the UK is set to flatline in the second half of the year as foreign suitors get cold feet over the gloomy economic prospects facing the country, bankers have warned.