Financials drive London lower as Paris boosted by Macron-Le Pen face off April 11, 2022 Sharp losses among financial stocks drove London’s top indexes lower yesterday. The capital’s premier FTSE 100 index lost 0.7 per cent to fall to 7,615.79 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, fell 0.35 per cent to 21,099.50 points. Insurers, fund managers and [...]
UK inflation to accelerate to highest rate since March 1992 April 11, 2022 Inflation in the UK will soar to its highest level since March 1992, intensifying an already tight cost of living squeeze that is hitting households, according to City experts. Accelerating food and energy prices stoked by Russia’s invasion of Ukraine will propel inflation higher, fresh estimates released by the Office for National Statistics (ONS) on [...]
How are the FTSE 100, Dow & Dax faring? April 11, 2022 | City Talk Ahead of the ECB committee meeting, BOC rate decision and US earning season, we provide an outlook on how futures are positioned. FTSE 100 The FTSE 100 gained over 1% last week as most US, Asian and European equity indices ended the week in negative territory, weighed down by a firm hawkish outlook from the [...]
13 days that will define the future of France: Macron and Le Pen begin ruthless battle to become president April 11, 2022 Centrist Emmanuel Macron was heading this morning to an economically depressed area of northern France where a majority of voters chose his opponent, far-right candidate Marine Le Pen, close to her electoral stronghold of Henin-Beaumont. Meanwhile, Ms Le Pen’s National Rally officials will meet today to plan strategy ahead of the second round of voting, [...]
Russian invasion to nearly halve size of Ukraine economy April 11, 2022 Russia’s brutal invasion of Ukraine is set to deal the country a seismic economic shock alongside triggering a humanitarian crisis, reveals official forecasts published today. The Ukrainian economy will shrink to nearly half the size it was last year as a result of the Kremlin’s war, with GDP dropping just over 45 per cent, according [...]
UK economy ambles into period of sluggish growth April 11, 2022 The UK economy has entered what is expected to be a protracted period of sluggish growth, official figures released today reveal. The early signs of inflation and tax hikes dealing a heavy blow to Brits’ spending are emerging in new GDP figures published by the Office for National Statistics (ONS) today. The economy grew just [...]
Multiple US investors signal interest in £350m deal with Farhad Moshiri for Everton April 11, 2022 Everton are the latest Premier League club to attract interest from US investors, according to reports. The Merseyside club have made huge losses under owner Farhad Moshiri, who has spent heavily on players in a failed attempt to restore the Toffees to former glories. Russia’s invasion of Ukraine has also hit Everton, who have been [...]
National insurance hike sparks wave of job cuts April 11, 2022 Businesses have unleashed a wave of job cuts to cope with being hit by the national insurance hike, reveals fresh research released today. The pipeline of redundancies has taken off in the last month alone, triggered by firms scrambling to protect their bottom lines ahead of a series of damaging tax rises. The number of [...]
London cost of living soars as firms raise prices amid inflation crunch April 11, 2022 Londoners’ cost of living is rising rapidly driven by the capital’s firms hiking prices at the quickest pace ever to stay afloat amid swelling costs, reveals a closely watched survey released today. Businesses across the capital and the UK are being stung by a higher tax burden and swelling operating costs on top of trying [...]
London IPOs plunge as the City feels the shocks of war April 11, 2022 London has seen a major slowdown on its capital markets this year as the shocks of war in Ukraine and soaring inflation sparked a plunge in the amount of cash raised through IPOs.
