Tag: Markets & Economics
about 11 hours ago
cityam.com

Russia defaults on foreign debt for first time since 1918 Bolshevik revolution

Russia has defaulted on its foreign debt obligations for the first time since the Bolshevik revolution in 1918. Sanct...

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about 11 hours ago
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Lethal mix of inflation and interest rates cause value of IPOs to nosedive by staggering 90 per cent

Businesses have endured challenging times recently, largely caused by external world events. Because of this, investo...

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about 12 hours ago
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London’s FTSE 100 kicks off week strongly amid rebounding risk appetite

Investors kicked off the week with strong risk appetite, boosting London’s top indexes. The capital’s premier FTSE 10...

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about 15 hours ago
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High Street footfall nosedives by staggering 25 per cent with London commuters and foreign travel...

High street footfall fell 25 per cent in May, from the previous month, according to RSM UK’s analysis of the latest d...

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about 17 hours ago
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UK to tip into ‘mild recession’ as cost of living crunch cools spending

Brits responding to the cost of living crisis by reining in spending may tip the UK into a “mild recession” next year...

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about 17 hours ago
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Exclusive: Brits’ patience with Bank of England and Bailey wears thin amid historic inflation crunch

Brits’ patience with the Bank of England is wearing thin amid the worst inflation crunch in recent history, exclusive...

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1 day ago
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Investors pile into real assets amid equity market turbulence

Investors are piling into so-called real assets this year as equity markets plunge amid soaring inflation and rising ...

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1 day ago
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Dealmaking drought set to continue amid recession fears

A dealmaking drought is set to continue this year as firms batten down the hatches for a prolonged period of rampant ...

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1 day ago
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World is staring down the barrel of new high inflation era, BIS warns

The world risks being flung into a new era of persistently high inflation that will tip the global economy into a dra...

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1 day ago
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Week ahead: City eyes housing stats and BoE governor Bailey remarks

The UK’s red hot housing market is set to revert to more normal territory driven by the cost of living crunch chillin...

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3 days ago
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27-fold jump in number of foreign visitors flocking to Britain post-pandemic

Scrapping coronavirus travel rules led to a 27-fold year-on-year increase in the number of overseas residents visitin...

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4 days ago
cityam.com

Barclays makes major lending push with £2.3bn deal for Kensington Mortgage Company

In a major push to broaden its lending offering, banking giant Barclays said this morning it has agreed a deal worth ...

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4 days ago
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BREAKING: Construction giants colluded to rig £150m of contracts including Selfridges and Oxford ...

A consortium of about 10 construction firms illegally colluded to rig bids for £150m of major contracts, according to...

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4 days ago
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Cocktail of problems plunge UK consumer confidence to record low

A relentless cost of living crunch, the prospect of a recession and stagnant wage growth has driven British pessimism...

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4 days ago
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Britons lose £5k a year during lost decade of productivity growth

Workers have lost an average of £5,000 every year over the last decade due to the UK’s meagre productivity growth, re...

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4 days ago
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London tops global financial services hiring league

The City’s jobs market has raced ahead of its competitors to top the global hiring league, reveals fresh research pub...

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4 days ago
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Stylish Stocks: Calvin and Tommy lead the way among best-performing fashion brands

Even though people often associate the financial world with black suits, statistics, and little in the way of style, ...

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5 days ago
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UK economy spiralling toward ‘troubling’ recession and even higher inflation

The UK economy is hurtling towards a “troubling” slump that will see it tip into recession and suffer from rampant in...

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5 days ago
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Second day of rail strikes send Trainline tumbling as FTSE 100 dips

A second day of railway worker strikes sent shares in ticket booking platform Trainline tumbling as London’s top inde...

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5 days ago
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UK leads Europe in mortgage market might but sits at bottom for share of population that owns home

While the UK may trail other European nations when it comes to the total proportion of the population that own their ...

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5 days ago
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US Fed chief Powell warns higher rates may tip economy into recession

The chief of the US Federal Reserve has warned it may hike interest rates to a level that tips the economy into a rec...

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5 days ago
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UK factories hit by fastest cost rise since 1980s

The price of materials used by UK factories are rising at the fastest pace on record in a sign that consumers could s...

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5 days ago
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Government mulled use of national security laws to force Arm London listing

Ministers mulled the use of national security laws to push Japanese investment giant Softbank into floating chip manu...

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5 days ago
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UK inflation reaches fresh 40-year high, but is set to surge even further

Inflation has reached a fresh 40-year high, but is set to breach double-digits in just four months' time. Prices clim...

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6 days ago
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Nightmare becomes reality in Sri Lanka as govt has no choice but to declare economy has 'collapsed'

After months of shortages of food, fuel and electricity. Sri Lanka’s prime minister said this morning the country's d...

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6 days ago
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Inflation bump sends chill through London’s FTSE 100

London’s top indexes slumped again this morning as investors fretted over the damage further inflation surges could d...

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6 days ago
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Government admits most Brits will not benefit from Boris Johnson’s 'benefits to bricks' housing p...

Most Brits will not be able to make use of Boris Johnson’s “benefits to bricks” scheme to allow welfare payments to s...

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6 days ago
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LSE warning: Brexit damages UK's competitiveness, reduces productivity and lowers Brits' real wages

A new bombshell study said this morning that Brexit has damaged Britain’s competitiveness, reducing productivity and ...

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6 days ago
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Inflation shoots up further: City responds to consumer price index hitting record 9.1 per cent

The rate of inflation rose again in May, remaining at 40-year highs, the Office for National Statistics said this mor...

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6 days ago
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Trade Secretary touches down in Saud-Arabia to kick off talks on £33bn trade deal with six Gulf s...

The UK economy could receive a boost of up to £1.6bn a year via a trade deal with six Gulf stations. Talks on such an...

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6 days ago
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Bank of England’s chief economist Pill sees more rate hikes down the line

Further rate hikes will be needed to tame the worst inflation crunch in a generation, the Bank of England’s top wonk ...

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6 days ago
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UK firms risk hamstringing FCA with information overload, former top official warns

UK firms risk hampering decision making at the City’s top regulator by overloading it with unnecessary information, a...

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6 days ago
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British factories pare back price hike intentions on cooling demand

British factories’ are paring back their expectations of price hikes in a sign that inflation may be beginning to eas...

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6 days ago
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Public sector workers’ pay growth lags private staff

Public sector pay growth is lagging behind wage rises in the private sector, a closely watched survey published today...

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7 days ago
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Industrials bump London’s FTSE 100 higher as investors focus on proven dividend payers

London markets were bumped higher this morning by investors pouring into industrial giants. The capital’s premier FTS...

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7 days ago
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World gets Covid reality check as next Omicron wave is building fast: Coronavirus infections surg...

It is becoming increasingly evident that the next global Covid wave is building fast as Coronavirus is regrouping and...

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7 days ago
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Here we go: UK locks down as largest rail strike in 30 years kicks off - Brits urged to stay home...

Train and London tube passengers face chaos this morning, with only a fifth of services running and half of lines clo...

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7 days ago
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Rates will need to rise faster to prevent sticky inflation, BoE official warns

Interest rates will need to rise faster to stop inflation from being “embedded” in the UK economy over the long-run, ...

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7 days ago
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German factory prices surge at fastest pace since 1940s

German factory prices are accelerating at the quickest pace since the late 1940s, propelled by Russia’s invasion of U...

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7 days ago
cityam.com

UK inflation to bump above 40-year high on soaring food and energy prices

The cost of living in the UK bumped above an already 40-year high last month driven higher by soaring energy and food...

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