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London close: Stocks buoyed by gains on Wall Street
Stocks traded slightly higher despite downbeat forecasts for the UK economy out of consultancy EY, thanks to increased speculation of a downshift in the speed of rate hikes in the US.
Tuesday preview: Global factory and services PMIs, UK public sector borrowing in focus
Financial markets' focus on Tuesday would be on a raft of purchasing managers' surveys from around the world, not least in the UK.
Index of leading US economic indicators falls by more than expected in December
A gauge of economic indicators designed to provide forward guidance on the US economy fell more sharply than expected at the end of 2022.
Spotify announces 6% headcount reduction
Spotify announced a 6% reduction in its headcount, joining the ranks of other tech giants who had announced redundancies recently.
London midday: Stocks edge higher amid dearth of data
Stocks were trading slightly higher come midday despite downbeat forecasts for the UK economy out of consultancy EY, thanks to increased speculation of a downshift in the speed of rate hikes in the US.
Deutsche Bank upgrades Associated British Foods to 'buy', sees headwinds reversing
Deutsche Bank upgraded its recommendation for shares of Associated British Foods from 'hold' to 'buy', judging that the headwinds from energy prices and foreign exchange rates were reversing.
Asia close: Japanese, Indian and Vietnamese stocks off to strong start in the Year of the Rabbit
Asia Pacific stocks got off to a strong start in the Year of the Rabbit, although most stock exchanges were closed in observance of the Lunar New Year.
Berenberg says concerns around Barclays's investment bank revenues and credit card losses excessive
Analysts at Berenberg reiterated their 'buy' recommendation for shares of Barclays, pointing to the outlook for the lender's returns on tangible equity and low valuation versus peers.
London open: Possibility of slower Fed rate hikes buoys stocks
Stocks were a tad higher at the start of the week with investors shaking off the freezing temperatures in London and downbeat forecasts for the UK economy out of consultancy EY, helped by increased speculation of a downshift in the speed of rate hikes in the US.
London pre-open: Stocks to start the day little changed, US dollar in the headlines
Stocks in London were set for a slightly higher start on Monday with investors' attention on weakness in the US dollar.
Saga confirms talks for potential sale of Acromas insurance unit
The specialist provider of products and services to those over 50, Saga, confirmed media reports that it was in talks to potentially sell its Acromas Insurance Company Limited business with a view to reducing its debt pile.
Monday newspaper round-up: Recession, Saga, National Grid
The UK's impending recession could be twice as bad as previously thought, according to leading economic forecasters at the business consultancy EY. Reduced government support, higher taxes and an overall worsening outlook have all led the firm’s analysts to conclude that the next three years could be worse than they anticipated three months ago. In October, EY’s Item Club had predicted a 0. 3% contraction in gross domestic product (GDP) this year, followed by 2.