Latest News
Confidence slumps as UK consumers 'buckle' under cost of living crisis
Consumer confidence has tumbled to fresh lows, a closely-watched survey showed on Friday, as the cost of living crisis continues to weigh heavily.
Sector movers: Autos and Parts pace losses amid broader weakness in markets
Automobiles and Parts paced losses on the FTSE 350 on Thursday as the heightened tensions from the war in Ukraine from the day before, given the country's importance to the sector's supply chains.
Europe close: Stocks drop as investors digest central bank rate hikes around the world
European stocks fell back as investors digested further interest rate hikes out of the Bank of England, Norwegian central bank and Swiss central bank.
London close: Stocks fall further after BoE rate hike
London stocks closed in the red on Thursday, after the Bank of England lifted interest rates by 50 basis points, on the back of a 75-basis point hike from the US Federal Reserve across the pond.
Director dealings: Cowgill adds to Quiz stake after golden goodbye from JD
Former JD Sports Fashion boss Peter Cowgill was already spending his golden goodbye on Thursday, buying almost £50k worth of shares in fashion retailer Quiz.
Friday preview: 'Mini-budget', global manufacturing and services PMIs in focus
All eyes at the end of the week will be on the presentation of the new Prime Minister's 'mini-budget'.
Broker tips: Aveva, Wood, Vodafone
Analysts at Berenberg downgraded software firm Aveva from 'buy' to 'hold' on Thursday as it noted Schneider's bid for the company will likely be accepted.
FTSE 100 movers: JD Sports tumbles on cautious outlook; miners gain
London’s FTSE 100 was down 0. 9% at 7,174. 99 in afternoon trade on Thursday.
US leading economic index potentially signalling a recession in August
An often-cited measure of economic growth slipped unexpectedly last month, potentially pointing to a recession, a leading business lobby group said.
National Insurance increase to be reversed from November
Kwasi Kwarteng confirmed on Thursday that the 1. 25 percentage point rise in National Insurance that came into force in April will be reversed from November.
US open: Stocks extend Fed-fuelled losses at the bell
Wall Street stocks traded lower early on Thursday as market participants continued to digest the Federal Reserve's interest rate decision overnight.
FTSE 250 movers: Polymetal loses lustre, Cussons in favour
The FTSE 250 was down 1. 06% to 18,515. 55 at 1410 BST.
BoE hikes rates by 50 basis points
The Bank of England hiked interest rates by 50 basis points to 2. 25% on Thursday as it looks to combat surging inflation.
US initial jobless claims rise by 5,000
Americans filed first-time unemployment claims at an accelerated pace in the week ended 17 September, according to the Department of Labor.
UK government lifts ban on fracking for shale gas
The government has lifted a ban on fracking for shale gas "to bolster the UK’s energy security".
Good Energy's Zap-Map strikes partnership with Nissan
Renewable energy company Good Energy Group revealed on Thursday that chargepoint mapping service Zap-Map has struck a partnership with automotive manufacturer Nissan.
ECSC inks service provider deal with Securonix
Cybersecurity service provider ECSC announced a partnership with Securonix on Thursday, by joining its global managed service provider programme.
Getech extends Shoreham Port deal by five years
Geoenergy and green hydrogen company Getech announced further progress with its Shoreham Port Green Energy Hub on Thursday, with the extension of exclusive rights for the development of all port-based hydrogen, ammonia and new onshore wind and solar generation capacity through to August 2027.
Jupiter to sell down stake in Starling - report
Asset manager Jupiter Fund Management is in discussions about selling part of its stake in Starling Bank, it was reported on Thursday.
Recurring revenue grows further for GetBusy
Professional and financial service software provider GetBusy said in an update on Thursday that annualised recurring revenue rose to £18. 8m at the end of August, from £18. 1m on 30 June.