Home insurance: Price of a quote jumps by a quarter – and London is worst hit September 8, 2023 The average quoted price of home insurance has surged by around a quarter (25.7 per cent) annually, according to an index – and London is worst impacted. Data analytics firm Consumer Intelligence, which compiled the report, said this is the biggest jump it has seen in records going back to 2014. The average premium quoted [...]
FTSE 100 live: London rallies at end of week after mixed bag for European and US markets September 8, 2023 The FTSE 100 rallied at the end of the week to finish up by half a percent, after a mixed bag in Europe and US markets weighed down sentiment earlier on. London’s premier bluechip index was at 7,478.19 points by close, finishing 0.49 per cent up after hovering between being under marginally up and down [...]
Industry bodies back London as European clearing hub as concerns raised with EU’s regulations September 7, 2023 Leading users of derivatives markets in the European Union called on the bloc on Thursday to scrap a plan that would force them to shift euro derivatives clearing from London to the EU.
FTSE 100 close: London markets mixed as weaker pound helps offset fears over China September 7, 2023 The FTSE 100 climbed 0.1 per cent to trade at 7,434.79 although the FTSE 250 remained in negative territory, down 0.1 per cent at 18,425.43.
Fund manager Ashmore sees six per cent profit drop on outflows September 6, 2023 Emerging markets-focused fund manager Ashmore (ASHM.L) reported a six per cent fall in annual profit on Wednesday and assets under management slumped by almost a quarter, as investors sought to curb risk amid choppy financial markets worldwide.
City PM opens the London Stock Exchange September 6, 2023 Speaking at Paternoster Square, City PM founder and managing director Lawson Muncaster said the morning was "a real sign of the progress we've made since the pandemic".
FTSE 100 close: Rising oil prices and struggling housebuilders hit London indexes September 6, 2023 London markets fell early on Wednesday as rising oil prices raised the prospect of continued inflationary pressures.
Britain to narrowly avoid recession – but meagre growth will make it ‘feel a lot like one’ anyway September 6, 2023 Britain will narrowly avoid a recession this year – but people and businesses will still feel the pain akin to the 2008 financial crash, according to an influential business network. The UK economy is on course to eke out growth of 0.4 per cent over 2023, the British Chambers of Commerce (BCC) predicted in its [...]
Want pension cash in the stock market? Then back my reforms, says research review chief September 6, 2023 Calls have been growing for more pension cash to flow into UK listed firms, after two decades of sharp de-equitisation in which pension cash has fled the market.
Foreign takeovers tumble as rising rates and wild prices scupper London bargain hunt September 5, 2023 The number of foreign buyers swooping on UK firms tumbled sharply in the second quarter as a predicted deals raid sputtered out amid rising interest rates and volatile markets, official figures show.
