UK Financial News
26.01 / 14:13
economics
UK
UK consumer confidence
UK consumer confidence hits two-year high as inflation eases
The headline score is the highest since January 2022 and all five measures were up in comparison to December’s figures.
25.01 / 19:43
UK
industry
Wealth managers
People moves
schroders
Business roles
Schroder UK Mid Cap manager Jean Roche joins Takeover Panel
Current members of the code committee include Capital Group global head of ESG Jessica Ground and Law Debenture chair Robert Hingley.
25.01 / 11:49
24.01 / 17:19
BlackRock
UK
companies
bonds
Baillie Gifford to shutter four bond funds and scrap international fixed income business
The round of layoffs is expected to affect dozens of the Edinburgh-based asset manager’s 2,000 staff.
24.01 / 17:19
UK
companies
Chancellor of the Exchequer
equities
AJ Bell
AJ Bell calls on Jeremy Hunt to introduce 'radical' ISA reform
AJ Bell urged the chancellor to slash any plans to create a ‘Great British ISA’, highlighting the restriction of investment choice as a potential issue for investors.
24.01 / 13:55
Crypto Trading
UK
FCA
British Billionaire Alan Howard’s Crypto Firm Scores UK Watchdog Approval
Goldman Sachs-backed crypto platform Elwood Technologies announced Wednesday that the firm secured regulatory approval as a service provider.
23.01 / 09:33
economics
UK
Treasury
Office for National Statistics
OBR
Government borrowing falls significantly below expectations in December at £7.8bn
The figure halved from December 2022 and was significantly lower than the £14bn forecast by the Office for Budget Responsibility, marking the lowest December borrowing since 2019.
22.01 / 09:31
UK
companies
London Stock Exchange
Air Astana postpones London IPO to February
Air Astana said its dual listing will comprise two offerings: shares and global depositary receipts (GDRs) in Kazakhstan and GDRs in London.
19.01 / 16:17
19.01 / 12:49
UK
AJ Bell
tax cuts
Chancellor Hunt signals more tax cuts ahead of election - reports
Chancellor Jeremy Hunt | Copyright HM Treasury
19.01 / 08:49
economics
inflation
Morningstar
UK
Office for National Statistics
UK retail sales
UK retail sales suffer sharpest monthly drop since the pandemic
Non-food store sales volumes fell by 3.9% last month, following a 2.7% increase in November when Black Friday discounts increased sales.
17.01 / 09:33
inflation
Bank of England
UK
GDP
UK inflation
Premier Miton
UK inflation unexpectedly rises to 4% in December
Prior to this morning’s data release, some economists had brought forward predictions for Bank of England rate cuts, expecting potential easing in May or June.
17.01 / 09:33
UK
stake
Chilean boutique takes 25% stake in Aubrey Capital Management
The deal is set to be finalised in the upcoming days, as it is still subject to final reviews by lawyers in the UK and Chile, although it has already been approved by UK regulators.
16.01 / 13:20
Europe
UK
Investment trusts
Diageo
burberry
Train defends concentration despite persistent Finsbury Growth & Income underperformance
Nick Train (pictured) said the portfolio has been constructed around companies in the UK stock market that are poised to benefit from AI, software and luxury consumption trends.
16.01 / 13:20
Europe
UK
equities
dividends
European dividend payouts forecast to rise by 6.5% in 2024
Payouts reached record levels last year, with companies in the broad MSCI Europe index paying a total of about €407bn. In 2025, the total sum is expected to hit €460bn.
16.01 / 08:46
economics
Bank of England
UK
Interest rates
Office for National Statistics
job vacancies
UK annual wage growth slows to 6.5% as vacancies continue falling
The estimated number of vacancies in the last quarter of 2023 continued to fall to 934,000 – a 49,000 reduction – marking Q4 2023 as the 18th consecutive quarter of vacancy falls, and the longest consecutive run of quarterly falls ever recorded.
15.01 / 16:29
UK
Unit trusts/OEICs
Premier Miton Investors
Premier Miton
Premier Miton replaces manager on newly-acquired GVQ funds
Premier Miton's Matthew Tillett (pictured).
15.01 / 11:53
15.01 / 11:53
business
economics
UK
growth
Unemployment
Demand for UK labour hits lowest level in a decade
Despite pay growth slowing down, the labour market is expected to unwind further with unemployment rising and vacancies decreasing over the year ahead.
12.01 / 09:01
regulation
HSBC
Banks
Bank of England
UK
Silicon Valley Bank
consultation
UK Treasury plans reforms to manage small bank failures after SVB collapse
The consultation comes nearly a year after the collapse of Silicon Valley Bank, when HSBC stepped in to buy the bank’s UK subsidiary for £1 in March.
12.01 / 09:01
economics
UK
GDP
Chancellor of the Exchequer
Neil Birrell
Office for National Statistics
UK GDP grows 0.3% in November but fails to alleviate 'precarious' economic situation
Overall GDP growth was a reverse of the 0.3% contraction seen in October, bringing UK growth flat over the two consecutive periods.
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