London stocks sag after shock rate hike
1 year, 6 months ago

London stocks sag after shock rate hike

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy London’s FTSE 100 has fallen to a three-week low after a surprise sharp hike in UK interest rates stoked fears of a looming mortgage crisis. Everything is now subordinate to the task of getting inflation under control, with heightened recession risk accepted as a necessary evil Chris Beauchamp, chief market analyst at IG The FTSE 100 fell 0.76%, down 57.15 points to 7,502.03, with the likes of Barclays, HSBC, NatWest, Persimmon and Beazley all recording losses on Thursday. Chris Beauchamp, chief market analyst for IG, said: “The FTSE 100 has fallen to a three-week low today as investors worry about the impact of more rate hikes on the UK economy. “Everything is now subordinate to the task of getting inflation under control, with heightened recession risk accepted as a necessary evil.” The pound slipped back after edging higher immediately following the bigger-than-expected rate rise.

London Bank Rate Ftse Ocado  sign  london  inflation  stocks  recession  sag  rate  uk  breaking  shock  ocado  ftse  hike  shares  100

History of this topic

London’s FTSE 100 loses ground as UK service sector growth slows
2 weeks, 5 days ago

London’s FTSE 100 loses ground as UK service sector growth slows

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy London’s FTSE 100 has been …

London stocks start week on steady note; Melrose shines
1 month ago

London stocks start week on steady note; Melrose shines

Live Mint  

* FTSE 100 up 0.2%, FTSE 250 off 0.1% Nov 18 - UK's main stock indexes traded in a tight range on Monday, as caution prevailed ahead of an inflation report due later in the week, while conglomerate Melrose jumped following an upbeat trading update. In a quiet start to the week, the FTSE 100 index inched up 0.2%, buttressed …

FTSE 100 rises while UK Government hopes to win over global investors
2 months, 1 week ago

FTSE 100 rises while UK Government hopes to win over global investors

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy London’s FTSE 100 moved higher …

UK stocks falter and pound weakens despite OECD upgrading growth outlook
2 months, 4 weeks ago

UK stocks falter and pound weakens despite OECD upgrading growth outlook

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy London’s top stock indices faltered …

FTSE 100 ends day slightly down after UK economic growth flatlines
3 months, 1 week ago

FTSE 100 ends day slightly down after UK economic growth flatlines

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The FTSE 100 had a …

Global stock markets positive after UK and US inflation releases
4 months, 1 week ago

Global stock markets positive after UK and US inflation releases

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The UK’s top share index …

FTSE 100 tumbles on Bank of England’s cautious tone after rate cut
4 months, 3 weeks ago

FTSE 100 tumbles on Bank of England’s cautious tone after rate cut

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The FTSE 100 suffered a …

London markets end week on a high as NatWest helps lift FTSE 100
4 months, 3 weeks ago

London markets end week on a high as NatWest helps lift FTSE 100

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy London markets have ended the …

UK stock markets rise after economic growth beats forecasts
5 months, 1 week ago

UK stock markets rise after economic growth beats forecasts

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy UK investors were in good …

Inflation drops to Bank of England’s 2% target for first time in almost three years
6 months ago

Inflation drops to Bank of England’s 2% target for first time in almost three years

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Inflation has fallen back to the 2 per cent target …

Stock market today: Global stocks are mixed after Wall Street edges to more records
6 months ago

Stock market today: Global stocks are mixed after Wall Street edges to more records

Associated Press  

HONG KONG — World stocks were mixed on Wednesday after U.S. benchmarks ticked to more records following the latest signs that the U.S. economy may be slowing without falling into recession. In London, the FTSE 100 lost 0.2% to 8,177.86 after data showed that British inflation fell to the central bank’s 2% target for the first time in nearly three …

London’s FTSE 100 makes gains as European markets rebound
6 months ago

London’s FTSE 100 makes gains as European markets rebound

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The FTSE 100 ticked up …

FTSE 100 falls as utility sector weighs on market
7 months ago

FTSE 100 falls as utility sector weighs on market

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Danni Hewson, head of financial analysis at AJ Bell, …

Bank of England will cut interest rates in August, says Goldman Sachs
7 months ago

Bank of England will cut interest rates in August, says Goldman Sachs

The Telegraph  

Thanks for joining me. 5 things to start your day 1) Britain’s third new nuclear power station to be built in Anglesey | New North Wales site expected to generate 7pc of the UK’s electricity 2) Sunak and Hunt to press ahead with tax cuts in defiance of IMF warnings | IMF warns next PM faces ‘tough choices’ despite upgrading …

Britain’s economy is struggling – so why is the FTSE 100 at a record high?
7 months, 4 weeks ago

Britain’s economy is struggling – so why is the FTSE 100 at a record high?

The Independent  

Britain’s economy is struggling to emerge from a shallow recession, afflicted by sky-high interest rates and persistent inflation. The FTSE is weighted by its constituents’ market value, so a 1 per cent increase in the price of shares in drug giant AstraZeneca – a business valued at £177bn – will have far more impact than, say, a 20 per cent …

FTSE 100 stock index of Britain's biggest publicly-listed companies reaches all-time high - beating previous record set in February 2023
8 months ago

FTSE 100 stock index of Britain's biggest publicly-listed companies reaches all-time high - beating previous record set in February 2023

Daily Mail  

The FTSE 100 hit a record high today, catching up with major global peers which have struck all-time peaks this year as inflation cools. The index of Britain's leading publicly listed reached 8,071.12 points, surpassing a record 8,047.06 points struck in February last year. The index of Britain's leading publicly listed reached 8,071.12 points, surpassing a record 8,047.06 points struck …

FTSE 100 drops as interest rate concerns weigh on housebuilders
10 months, 1 week ago

FTSE 100 drops as interest rate concerns weigh on housebuilders

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The FTSE 100 had a cautious morning of trading …

FTSE slips into the red after Bank of England keeps interest rates on hold
10 months, 3 weeks ago

FTSE slips into the red after Bank of England keeps interest rates on hold

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Shares in London’s FTSE 100 …

Like the US Fed, Bank of England is edging toward interest rate cuts — but not quite yet
10 months, 3 weeks ago

Like the US Fed, Bank of England is edging toward interest rate cuts — but not quite yet

Associated Press  

LONDON — Just like the U.S. Federal Reserve, the Bank of England is edging toward cutting interest rates — though not quite yet. “We need to see more evidence that inflation is set to fall all the way to the 2% target, and stay there, before we can lower interest rates,” he said. Bailey also said the bank was keeping …

Bank of England official hints at interest rate shift as UK faces recession
1 year ago

Bank of England official hints at interest rate shift as UK faces recession

The Telegraph  

While the Imperial College Business School professor, who has voted four times to raise interest rates to 5.5pc from 5.25pc since August, insisted that he would not shift his stance “based on one month data”, a darkening economic backdrop will pile more pressure on the Bank to cut rates to kickstart growth. Another quarter of economic decline would mark the …

Pound slips as UK growth forecasts downgraded and oil prices plunge
1 year, 1 month ago

Pound slips as UK growth forecasts downgraded and oil prices plunge

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The pound has fallen and …

FTSE 100 slumps after UK wage growth data stokes fears over interest rates
1 year, 4 months ago

FTSE 100 slumps after UK wage growth data stokes fears over interest rates

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy UK stock markets slumped on …

UK’s top stocks stay buoyant as miners top FTSE 100
1 year, 5 months ago

UK’s top stocks stay buoyant as miners top FTSE 100

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The UK’s FTSE 100 has …

FTSE 100 plunges to lowest close since November as global stocks rocked
1 year, 5 months ago

FTSE 100 plunges to lowest close since November as global stocks rocked

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The UK’s FTSE 100 has …

Government under fire over mortgage crisis as Bank set to hike rates again
1 year, 6 months ago

Government under fire over mortgage crisis as Bank set to hike rates again

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. With the Government and Bank of England under rising …

UK central bank may hike rates after big jump in food prices
1 year, 9 months ago

UK central bank may hike rates after big jump in food prices

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. “After two weeks of instability …

Stock markets rebound as Chancellor ‘stands ready’ after banking turmoil
1 year, 9 months ago

Stock markets rebound as Chancellor ‘stands ready’ after banking turmoil

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Similar actions could be warranted if smaller institutions suffer …

Bank of England rate hike says ‘too soon to declare victory’
1 year, 10 months ago

Bank of England rate hike says ‘too soon to declare victory’

Associated Press  

LONDON — The Bank of England announced another “forceful” increase in interest rates Thursday, saying it was too soon to declare victory against inflation that has slowed slightly but is still fueling a cost-of-living crisis, public-sector strikes and fears of recession. The British central bank has approved four straight increases of a half-point or more since Russia’s invasion of Ukraine …

Bank of England poised for big interest rate hike to tame inflation
1 year, 10 months ago

Bank of England poised for big interest rate hike to tame inflation

Firstpost  

London: The Bank of England is expected to raise interest rates by as much as half a percentage point on Thursday as it seeks to tame the double-digit inflation fuelling a cost-of-living crisis, public-sector strikes and fears of recession. Economists suggest this may be the last big rate increase for Britain’s central bank, which has approved 10 consecutive hikes since …

Bank of England poised for big rate hike to tame inflation
1 year, 10 months ago

Bank of England poised for big rate hike to tame inflation

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Economists suggest this may be …

FTSE 100 back in the red as bank shares slide
2 years, 2 months ago

FTSE 100 back in the red as bank shares slide

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The FTSE 100 slipped into …

Bank of England urged to call emergency rates meeting next week to rescue pound
2 years, 3 months ago

Bank of England urged to call emergency rates meeting next week to rescue pound

The Telegraph  

The Bank of England has been urged to raise interest rates as soon as next week to help the pound from further weakening. Meanwhile, UK bond yields were on the rise, with the 10-year gilt yields seeing their biggest one-day surge on record in Bloomberg data. Deutsche Bank analysts said there are "very strong signals" that the market is no …

UK braces for long recession after biggest interest rate hike in 27 years, ASX rises to two-month high
2 years, 4 months ago

UK braces for long recession after biggest interest rate hike in 27 years, ASX rises to two-month high

ABC  

The Australian share market has risen to its highest level since early June, despite oil prices plummeting overnight as the Bank of England announced its biggest interest rate hike in 27 years and warned of a long recession for Britain. Regulatory hurdles facing cryptocurrencies, rising interest rates and the Ukraine crisis have affected investors' appetite for riskier assets, pulling bitcoin …

Worsening economic outlook and inflation woes pull FTSE lower again
2 years, 5 months ago

Worsening economic outlook and inflation woes pull FTSE lower again

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “We’ve seen further weakness in commodity prices as markets …

UK reports back-to-back declines in GDP, first time since start of pandemic
2 years, 6 months ago

UK reports back-to-back declines in GDP, first time since start of pandemic

Live Mint  

Official numbers released on June 13 showed that Britain's Gross Domestic Product unexpectedly dropped in April, raising fears of a dramatic slowdown just three days before the Bank of England reveals the amount of its latest interest rate response to the spike in inflation. The economy shrank by 0.3 percent in April after falling by 0.1 percent in March, the …

Finance firms help FTSE climb despite higher borrowing
2 years, 9 months ago

Finance firms help FTSE climb despite higher borrowing

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Banks and financial stocks helped …

FTSE gains after Bank’s interest rate decision
2 years, 9 months ago

FTSE gains after Bank’s interest rate decision

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “A more subdued atmosphere prevails across markets today, with …

FTSE rise led by tech and telecoms ahead of Bank rate decision
2 years, 10 months ago

FTSE rise led by tech and telecoms ahead of Bank rate decision

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Tech and telecom stocks led …

FTSE rises again amid Omicron optimism while Wall Street falters
2 years, 11 months ago

FTSE rises again amid Omicron optimism while Wall Street falters

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Chris Beauchamp, chief market analyst at IG, said: “Stocks …

FTSE 100 falls as stronger pound, Brexit uncertainty weigh
4 years, 1 month ago

FTSE 100 falls as stronger pound, Brexit uncertainty weigh

Live Mint  

London's FTSE 100 retreated from more than a five-month high on Tuesday as a stronger pound pressured exporters and investors remained cautious about a post-Brexit trade deal with the European Union. The domestically-focussed mid-cap FTSE 250 index fell 0.1%, with shares in Upper Crust owner SSP Group tumbling 6.5% to the bottom of the index after Morgan Stanley downgraded the …

Discover Related