UK Financial News

06.09 / 11:27

economics inflation UK Interest rates Time UK PMI dips for first time since January

PMI slipped to 49.5 in August, down from 51.5 in July, with S&P attributing increasingly higher interest rates and reduced consumer and corporate demand to the drop.

05.09 / 15:31

regulation UK FCA NatWest Coutts FCA sets out conditions of review into treatment of politically exposed persons

More than 200 countries and jurisdictions have signed up to the standards set by the Financial Action Task Force.

05.09 / 15:31

M&A Bank of England UK companies Office for National Statistics Costs M&A activity subdued in Q2 as borrowing costs rise

The ONS highlighted the role of higher interest rates on the downturn in M&A activity during the period.

05.09 / 12:01

UK HM Treasury Autumn Statement set for 22 November 2023

Chancellor Jeremy Hunt, who will present his Autumn Statement to parliament alongside an OBR report.

05.09 / 12:01

Europe UK Unit trusts/OEICs BNY european equity BNY Mellon IM launches Article 8 long-term European equity fund

Sasha Evers (pictured) is head of retail intermediary distribution for Europe at BNY Mellon Investment Management

05.09 / 07:43

Invesco UK Unit trusts/OEICs multi-asset Invesco UK funds and Aviva multi-asset range earn ratings from RSMR

The Invesco UK Opportunities fund and Invesco UK Enhanced Index fund have not been rated by RSMR before, with the firm praising both funds for their track records.

05.09 / 07:43

UK kpmg food inflation British Retail Consortium UK retail sales UK retail sales up by 4.1% in August

Shoppers remain concerned about the relatively high food inflation, as fewer now believe food prices will get cheaper in the next year. | Credit: iStock

04.09 / 20:05

regulation FATF UK FCA Travel Rule Enforcement Begins for Crypto Firms in the UK – Here's What You Need to Know

Virtual Asset Service Providers (VASPs) in the UK are from September 1 required to collect, verify and share information on crypto transactions to firms “in the UK, or any jurisdiction that has implemented the Travel Rule.”

04.09 / 15:17

Legal UK US freeze Today in Crypto: Attorney Says Ads Featuring Celebrities Don't Distinguish Between FTX & FTX.US Making Them Evidence, South Korea Set to Freeze North Korean Crypto

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

01.09 / 16:21

Europe UK IBM digital euro Crypto users Today in Crypto: 5-Country Joint Advisory Report Warns About Russian Malware Targeting Crypto Users, IBM Shares 5 Points for Success of Digital Euro

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

01.09 / 13:41

economics inflation Bank of England UK Bank of America BofA Bank of America forecasts no rate cuts for UK until 2025 due to 'entrenched inflation'

BofA forecast the Bank of England will opt for a 25bps hike in September to 5.5%.

31.08 / 12:45

economics Federal Reserve inflation Bank of England UK Interest rates Monetary Policy Committee Huw Pill: BoE must 'see the job through' against inflation

‘The key element is that we on the MPC need to see the job through and ensure a lasting and sustainable return of inflation to the 2% target,’ Pill said. Credit: Bank of England

29.08 / 08:25

economics inflation UK BRC British Retail Consortium Low UK shop price inflation slows to 10-month low

Food inflation fell to 11.5% from 13.4% in July.

25.08 / 13:56

UK Investment trusts Numis abrdn UK Smaller Companies Growth trust cuts fees amid weak performance

The trust’s discount sat at 14.3% at the end of June, with 6% of shares bought back over the year. The board has an 8% discount target in normal market conditions.

25.08 / 13:07

UK Returns UK consumer confidence UK consumer confidence returns to upwards climb in August

Joe Staton, client strategy director GfK, said: 'Although the headline figure remains strongly negative at -25, hopes for our personal financial situation for the coming year are heading back towards positive territory.'

24.08 / 19:19

UK regulators Cold Calls businesses UK Plans To Ban Crypto Cold Calls, Seeks Public Opinion For Evaluation On Businesses

The UK government is evaluating the impact of a potential financial services cold call ban on businesses and private enterprises.

24.08 / 15:31

Ethereum regulation Ban Legal UK Financial Today in Crypto: Sinapore's Banking Giant DBS Unveils Its Metaverse Concept, UK Explores 'Best Way' to Ban Cold Calling for All Financial Products Including Crypto, SBF's Layers Can 'Make Unlimited Advantage of Visitation Hours'

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

24.08 / 13:21

Legal Metaverse UK Support NOT Exclusive: 'Pioneering' Virtual Rally in Support of Julian Assange to Launch in Metaverse - Not to Replace But 'Heavily' Promote Real-Life Protests, Organizers and Wistaverse Co-founder Said in Interview

The campaign to stop the extradition of Julian Assange will launch the first-ever virtual political rally this Saturday in the Wistaverse metaverse. The organizers and the Wistaverse co-founder spoke to Cryptonews about the importance of holding a protest in this novel space, the difference between the metaverse and real-life protests, and the future of virtual rallies.

24.08 / 11:37

UK bonds Investment trusts fixed income Global wind-up NB Global Monthly Income details fourth compulsory redemption in wind-up process

It will be effected at 79.31 pence per share, which is equal to the company’s NAV per share as at 22 August.

23.08 / 13:19

UK VCTs VCTs prove resilient against wider venture capital industry decline

Deal volume also fell, with the number of deals completed in 2022 (3213) down by 16% on the 3830 deals completed in 2021.

23.08 / 08:03

economics UK Debt Office for National Statistics Tax cut hopes raised as UK borrows less than expected in July

In the first quarter of the financial year, the UK’s borrowing stood at £56.6bn.

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