UK Financial News

12.01 / 09:01

markets IPO UK London Stock Exchange 2024 The London Tunnels set to become UK's first IPO of 2024

The London Tunnels said it expects the IPO to take place in January 2024 with a market capitalisation of £123m on admission.

11.01 / 13:11

Europe Asia UK US retail funds Retail investors return to markets in November but UK remains unloved

Money market funds suffered a reversal of fortunes, slipping to outflows in November as a net £319m left the asset class, the worst performing for the month.

11.01 / 11:47

economics Bank of England UK Treasury Select Committee financial stability Financial BoE's Breeden: 'No evidence' quantitative tightening poses risk to financial stability

Governor Andrew Bailey showed optimism around the economy, restating the need for inflation to get back to the bank's 2% target to maintain financial stability.

09.01 / 22:27

ETF UK Bitcoin Key Price Drivers for Bitcoin This Month + More Crypto News

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

09.01 / 18:04

UK US bonds ESG Unit trusts/OEICs equities money market Money market funds enjoy 'best year on record' with £4.4bn inflows

Last year, a record £4.4bn was paid into money market funds, as high interest rates and low risk proved incredibly attractive to investors.

09.01 / 13:52

UK Wealth managers Unit trusts/OEICs People moves Alternatives Jupiter Boutique JO Hambro's Savvides to take on Jupiter UK special sits as Ben Whitmore departs to launch boutique

Jupiter's Ben Whitmore (pictured) will depart later this year to establish a value equities boutique.

09.01 / 13:52

economics UK kpmg Retail Sales British Retail Consortium UK sales growth dips below average in December

The Christmas period failed to 'make amends for a challenging year of sluggish retail sales growth', as consumers held back spending due to weak confidence.

08.01 / 15:43

M&A UK companies private equity Take-private deals dominate UK M&A landscape in 2023

Peel Hunt also noted that smaller deals continued to represent the majority of transactions in 2023, with just a small minority of announced firm offers exceeding £500m equity value.

08.01 / 12:00

UK US companies BAE Systems subsidiary included in China's company ban following Taiwan deal

The Chinese Foreign Ministry said in a statement on Sunday (7 January) that the sanctions were 'in response to these gravely wrong actions taken by the US', although they did not name the recent aid package specifically.

08.01 / 08:31

economics inflation Bank of England UK Interest rates MPC 2024 NOT Former MPC member claims BoE will not be able to cut interest rates in 2024 - reports

'I do not think the Bank will be able [to lower rates] because I do not think inflation will come down much further or much faster. I think we are stuck with a fairly sticky inflation situation,' she said.

04.01 / 18:58

UK Pensions Investment trusts funds Unit trusts/OEICs Vanguard fundsmith Fundsmith Equity slips further down ii most bought list

Royal London Short Money Market first took the top spot in October 2023, where it remains, while the £22.7bn Terry Smith fund has since been further overtaken by L&G Global Technology Index and Vanguard LifeStrategy 80% Equity.

04.01 / 18:58

economics Survey inflation Bank of England UK ING UK businesses forecast sizeable drop in inflationary pressures

Firms expected their output price inflation to fall in the next 12 months by 1.5 percentage points from the 4.4% reported for Q4 2023.

04.01 / 18:57

UK growth Keir Starmer promises 'national renewal' with focus on growth

Keir Starmer, leader of the Labour Party

03.01 / 15:11

UK risk bonds fixed income Global 2024 Institutional fixed income investors set to take on greater risk in 2024

Over the next three years, 38% of investors said they planned to make dramatic increases in risk, while 44% will make slight increases.

03.01 / 15:11

economics Bank of England UK Interest rates GDP Office for National Statistics UK executives call on Bank of England to cut rates amid sinking confidence in economy - reports

Markets are now expecting up to six 25-basis-point cuts by the end of the year.

03.01 / 15:09

IPO M&A UK companies FTSE UK M&A fuelling 'relentless' de-equitisation drive

With 40 transactions worth more than £100m in 2023, Hall noted that the pace had increased throughout the year, as there had been jus three offers announced in Q1 2023 compared to 18 in Q4.

02.01 / 12:04

economics inflation UK British Retail Consortium UK grocery inflation unchanged for December breaking declining trend

Food specific inflation was 2.2% of the total figure and decreased to 6.7% year-on-year, down from 7.8% in November.

22.12 / 12:57

economics UK GDP Office for National Statistics Construction UK economy teeters on recession following revised ONS figures

Within the economy, the services sector's output has been revised down from a 0.1% fall to a 0.2% fall over Q3, while the production and construction sectors have been revised upwards, to 0.1% and 0.4% growth, respectively.

22.12 / 12:57

inflation Bank of England UK Interest rates Monetary Policy Committee Chancellor of the Exchequer 2024 Jeremy Hunt raises prospect of rate cuts in 2024 - reports

Chancellor of the Exchequer Jeremy Hunt has spurred optimism that the Bank of England could begin interest rate cuts next year, if the government delivers its economic policies.: Simon Dawson / No 10 Downing Street

21.12 / 12:22

economics UK ONS Office for National Statistics Borrowing government debt Government borrowing comes in higher than expected in November

The fall in borrowing came largely from the end of energy price schemes by the government, the ONS said, but noted that these reductions 'were offset by other inflation-related costs, such as increased benefit payments'.

20.12 / 18:43

Europe Asia UK US bonds equity Global UK mixed asset funds suffer 'unusually large' outflows in November

By contrast, money market funds had their second positive month and recorded the largest inflows in November, collecting £1.53bn.

UK Financial News

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