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Recession fears fade as UK services sector grows for the first time in months

The UK’s service sector returned to growth in February as business activity expanded at fastest pace since June 2022. Services firms reported that business activity and incoming new work both...

Pension firms demand urgent overhaul of tax rules

Britain’s biggest pension and investment companies have called on Jeremy Hunt to use the upcoming Budget to reform tax rules they say penalise over-50s returning to work. An unprecedented coalition...

FTSE and European stocks lower as Fed hints at higher interest rates

The FTSE 100 and European stocks were in the red this Thursday as concerns about more rate hikes in Europe and the US grow stronger amid signs of sticky inflation....

FTSE 100: London Stock Exchange plans £750m share buyback from Refinitiv investors

The London Stock Exchange Group (LSEG.L) is seeking to buy back £750m ($897m) worth of shares from investors as it posted a jump in pre-tax profits. LSE said it would...

Further BoE rate increase not inevitable, Bailey says

LONDON (Reuters) -Bank of England Governor Andrew Bailey said on Wednesday that it was possible the central bank had already come to the end of its rate-rising cycle, although it...

UK’s Persimmon warns of profit fall, slashes dividend by 75%

(Reuters) -Persimmon warned on Wednesday Britain’s slowing housing market would hit annual profits and home-building targets as it slashed its dividend by 75%, sending its shares sharply lower. Britain’s housing...

FTSE 100 rises as commodity-linked stocks surge on China demand hopes

(Reuters) -UK’s FTSE 100 rose on Wednesday, with miners leading the gains as commodity prices surged after data showed manufacturing activity at top metals consumer China expanded at the fastest...

UK strikes 2023: Which sectors are affected by industrial action as teachers walk out?

Around 133,000 civil servants — members of the Public and Commercial Services (PCS) union — are set to strike on the day of the Budget speech on March 15, causing...

What next for house prices: Could fewer first-time buyers, a landlord exodus and forced sellers bring them down – or will the market hold firm?

House prices appear to be on a downward trajectory in 2023. Most market commentators and experts are in broad agreement that prices will fall this year. Their house price predictions vary between a 1...

Bank taxes making UK a ‘less competitive’ financial hub, PwC says

The UK’s banking sector contributed more taxes to the Government in the last financial year as concerns over the UK’s future competitiveness grow, according to a new report. It comes...

NatWest reports profits just shy of expectations and higher bad debt provisions despite no signs ‘yet’ of financial distress among customers

The partly-state-backed lender said it made pre-tax operating profits of £1.1billion in the third quarter, up 11 per cent on last year but £300million lower than the previous quarter and...

City reeling as staggering £1.3 trillion is wiped off value of UK bonds amid record sell-off

More than £1.3 trillion has been wiped off the value of UK bonds since the start of 2022 following a major sell-off across bond markets, according to new figures out...

Elon Musk says he has bought Twitter & reportedly wants to become interim Chief Exec

A wonderful serenity has taken possession of my entire soul, like these sweet mornings of spring which I enjoy with my whole heart. I am alone, and feel the charm...

Why are the elderly back in triple lock limbo? It’s a matter of honour and our national values to give them a 10% state pension rise, says ROS ALTMANN

A wonderful serenity has taken possession of my entire soul, like these sweet mornings of spring which I enjoy with my whole heart. I am alone, and feel the charm...

Pityful a rethoric question ran

A wonderful serenity has taken possession of my entire soul, like these sweet mornings of spring which I enjoy with my whole heart. I am alone, and feel the charm...
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