Close Brothers profits tumble 18 per cent amid trading slowdown September 27, 2022 Merchant banking group Close Brothers saw profits shrink by 18 per cent in the year to July as its Winterflood business was hammered by volatile markets and a slowdown in trading activity.
Analysis: Pound slump is bad, but UK bond market is carnage September 26, 2022 Focus on the pound today was understandable, from a media perspective. “Pound tumbles to record low against US dollar” is a great headline. Analysts at investment bank Nomura said sterling may plunge to $0.95 in the first three months of next year. Blimey. But, it’s the turmoil in the UK bond markets that was the [...]
London’s FTSE 100 squeezes out gain as house builders tumble September 26, 2022 London’s FTSE 100 squeezed out a small gain today despite investors ditching house builders in response to the Bank of England signalling it will hike interest rates sharply. The capital’s premier index edged 0.03 per cent higher to below the 7,020.95 points, while the domestically-focused mid-cap FTSE 250, which is more aligned with the health [...]
Pound slides after Bank of England bats away emergency rate hike pressure September 26, 2022 Sterling collapsed to an all time low this morning as investor confidence evaporated in the wake of the government’s plans to slash taxes and ramp up borrowing in a ‘mini-budget’ last week.
‘The Future of Money’: book review September 26, 2022 | City Talk Are cryptocurrencies the next big investment, a fad or a currency that will transform the economic and financial landscape? What are some of the advantages and shortcomings of digital currencies? Who will benefit from them? Eswar S. Prasad attempts to address these questions in The Future of Money: How the Digital Revolution Is Transforming Currencies [...]
RPS backs £636m takeover swoop from Tetra Tech September 26, 2022 Professional services group RPS said it had agreed to a £636m takeover swoop from US firm Tetra Tech today as it becomes the latest London-listed firm to be picked off by a foreign buyer this year.
Pound and Dollar parity strongly on the cards: After today’s all-time low, is Sterling the new Lira? September 26, 2022 Sterling is getting absolutely pounded today in this week’s trading, and traders have started things exactly where they left off on Friday. The Sterling looks like an emerging market currency, especially when you look at the price of the British Pound a few months ago and compare it to where it is now. Bears are [...]
Inflation forces one in three Brits to trade down to cheaper products September 26, 2022 Brits are trading down to cheaper products in response to rampant inflation squeezing their finances, a survey published today shows. A third of consumers are buying more own brand products, while one in four are turning to cheaper retailers in a bid to cap their weekly shop, according to consultancy KPMG. The research illustrates the [...]
Investors to examine retailers’ books for signs of spending slump September 25, 2022 Investors will be parsing over a slew of results from top retailers for signs of a slowdown in consumer spending in response to an economic slump. London’s premier FTSE 100 index notched a poor performance last week, shedding 3.62 per cent to close at 7,018.60 points, mainly driven by a sharp sell off on Friday [...]
Drive customer engagement with relevant offers and rewards September 23, 2022 | Sponsored Amid the cost-of-living crisis, consumers are increasingly looking for greater value in every transaction, with rewards becoming a key motivator in driving purchasing decisions. After helping brands with their travel loyalty programmes during the pandemic, Valuedynamx is now helping financial and banking clients offer rewards to their customers. Customer engagement programmes are a strategic investment that [...]
