Archive
FTSE 100 closes in positive territory after BoE decision to keep rates unchanged
The UK blue chip index finished in the green but the pound falls sharply after central bank's decision not to raise the cost of borrowing
Company
Bank of England
PRIVATE:BOE
The Bank of England is the UK's central bank. Our mission is to deliver monetary and financial stability for the British people. The Bank was established in 1694 to act as banker to the Government. We are still owned by the Government, but we set monetary policy independently.
678 stories · page 7 of 7
Archive
FTSE 100 closes off lows; Wall Street mixed awaiting Fed monetary policy decision after upbeat data
At the close, the UK blue-chip index was 25.92 points, or 0.4% lower at 7,248.89, below the day’s peak of 7,277.64 but above the session low of 7,235.32
US stocks end higher as investors extend gains into November
At the close, the Dow rose 94 points to 35,914, while the S&P 500 gained 8 points at 4,614 and the tech-heavy Nasdaq advanced 98 points to 15,596
Archive
Still all about banks in coming week as Bank of England finally deciding on interest rate, Standard Chartered posting update
More FTSE 100 companies will be in focus with British Airways owner IAG, BT, BP, Sainsbury’s and Next all on the corporate calendar
UK mortgage approvals fall less than forecast in September, but borrowing grows
Net mortgage borrowing rose to £9.5bn last month from a revised £4.4bn the previous month, well above market expectations of £6bn
Archive
Sunak Delivers Johnson-Style Budget That Ramps Up U.K. Spending
“We need to strengthen our public finances so that when the next crisis comes, we have the fiscal space to act,” Sunak said. He also said the country hasn’t yet turned the corner on infections, warning of “challenging months ahead.”
Autumn Budget: What to expect from Rishi Sunak on Wednesday
If he’s feeling generous, the Chancellor could extend a number of tax breaks that are due to come to an end this month
Investments and investor services
New long-term asset funds will only be available to sophisitcated and professional investors
The main buyers for LTAFs will be large pension default or DC pension funds, analysts said
Budget: Chancellor to keep purse strings tight even with unexpected windfall
Public sector borrowing for the first six months of the 2021/22 year dropped to £108bn
Green bonds get thumbs down from experts due to paltry interest rate
"NS&I is relying on savers who are willing to pay a price for going green with their savings"
UK inflation could hit 5% warns Bank of England chief economist
Analysts expect the central bank to raise interest rates at its rate-setting meeting on 4 November
Archive
FTSE 100 closes marginally ahead as traders brush aside inflation fears
London’s main index is on course for its tightest daily range this year - thought there's lots happening beneath the surface
Bank of England to hike rates next month, Goldman Sachs predicts
The Bank's monetary policy committee will next meet on 4 November and 16 December
Bank of England 'will have to act', says governor Andrew Bailey
Markets were already pricing in an initial interest rate increase by the end of the year
Cryptocurrency markets need to be regulated - and soon - warns Bank of England's deputy governor
Jon Cunliffe said the publication last week by CPMI-IOSCO of a consultation document on proposed standards for "stablecoin" arrangements was a good start towards regulation
Archive
FTSE 100 ends lower but off worst as Wall Street edges higher; IMF cuts growth estimates
At the close, the UK blue-chip index was 16.62 points, or 0.2% lower at 7,130.23, below the day’s peak of 7,146.05 but well above the session low of 7,063.43
Archive
FTSE 100 closes in the red as markets fall globally on broad investor sell-off
By the close, the UK blue-chip index was 35.30 points or 0.5% lower at 7,028.10
Bank of England’s Woods says UK banks’ exposure to Evergrande ‘not material’ - report
"I am very cautiously optimistic the Chinese authorities will want to find a way through it that doesn't create a kind of major issue," Woods told Reuters
Archive
FTSE 100 ends lower as rising inflation offsets gains by BP and Royal Dutch Shell
The UK blue chip index closed lower with inflation rate hitting a 19 year high and ongoing concerns about the Delta variant
Archive
UK banks could see ring-fencing rules relaxed - report
Those advocating for a watering down of the rules see it as a potential boost for the sector and hence the economy as it would give the banks more leeway to operate in capital markets
Archive
Big caps in focus in the coming week with AB Foods, JD Sports, Ocado and Ashtead on the corporate calendar
Games Workshop, Keywords Studios and Tullow Oil are also due updates alongside the latest inflation data
Christmas in danger of being cancelled as labour and stock shortages bite
Staff shortages, particularly in the road haulage industry, and increased bureaucracy following Britain's exit from the European Union are in danger of causing "a second crap Christmas"
Archive
FTSE 100 closes in red as traders are cautious on both sides of the Atlantic
Britain's blue-chip index closed nearly 12 points lower, or 0.16%, at 7,169 on Wednesday
Archive
FTSE 100 closes modestly lower as pound rises after BoE ups inflation forecast
At the close, the UK blue-chip index was 3.43 points, or 0.05% lower at 7,120.43, below the day’s peak of 7,130.35 but above the session low
Bank of England eyed warily for possible tightening of stimulus
The central bank's meeting on Thursday may bring the publication of a report into its strategy for reversing its decade-old quantitative easing policy, as well as a potential roadmap for raising interest rates
Archive
Bankers' bonus cap could be scrapped to lift City competitiveness, report
The ditching of the cap, which was introduced by the EU in 2014, is reportedly designed to lure senior bankers away from other European financial hubs and into the Square Mile
Archive
Banks, BP and Greggs among key updates in coming week, Bank of England and non-farms draw macro focus
Both HSBC and Standard Chartered are due to report, as well as engine maker Rolls Royce, insurer Legal & General, housebuilder Taylor Wimpey and exchange operator LSE Group
Archive
Barclays dividend bodes well for banks season
The annual dividend would be 6p or a yield of 3.4% with the shares at 176.4p
Post-COVID cliff edge: End of support measures raises fears of rocky third quarter
The end of lockdown may have many celebrating, but the UK economy is not out of the woods just yet
Bitcoin and gold? You could hardly do worse, given the Bank of England’s “addiction” to QE
Rising inflation is stoking deeper concerns about the structural supports of the UK economy
City regulators start review to improve diversity in financial services industry
Interested parties have been invited to submit their feedback, especially on how changes could be tailored to specific sectors
Bank of England weighing up UK digital currency confirms Chancellor
'Pioneering reforms' to support the safe adoption of crypto assets and stable coins also under consideration
Inflation to top 3% says Bank of England, but only temporarily
After a period of strong GDP growth and above-target inflation, both these will fall back.
Archive
FTSE 100 closes firmly in red as traders shun risk on both sides of the Atlantic
The UK's index of leading shares closed down almost 136 points, or 1.90%, at 7,017
Builders and building materials
Biggest house price jump in seven years reignites inflation concerns
Nationwide’s monthly price survey today revealed highest rise for seven years,
Archive
FTSE 100 closes a shade ahead as markets have mixed Tuesday
The UK's index of leading shares closed up 1.39 points, or 0.02%, at 7,034
UK economy to rise at fastest rate since 1949, says Bank of England
The UK economy is expected to rise by 7.25% this year, though it comes after a nearly 10% drop in 2020
Crypto assets could face ‘more challenging environment’ if central bank digital currencies rolled out, says Deutsche Bank
The German bank also said they expected cryptocurrencies to “stay with us for the foreseeable future” and become more credible as network effects increased
Britcoin? Bank of England and Treasury to explore central bank digital currency
The Chancellor of the Exchequer said the taskforce will explore the potential for a digital currency issued by the Bank of England as part of a package of measures to boost the UK's fintech sector
Andy Haldane resigns as BofE's chief economist and heads instead for social challenges
Haldane is to become chief executive of the Royal Society for Arts, Manufactures and Commerce
Archive
FTSE 100 closes in green as stocks gain from accommodative stance of central banks
The UK's premier share index finished around 17 points higher at 6,779, while the midcap FTSE 250 added around ten points at 21,568
Greensill Capital collapse puts UK steel industry under threat again
Grant Thornton has been appointed as administrator
Archive
Oil price, PetroTal. And finally…
I managed to get most of the IEA report in yesterday, it was followed by the Opec summary of the market which was not very different from the others. All of them are still concerned about the virus and all worry to a greater or lesser degre
Bank of England governor warns Bitcoin’s days are numbered
Speaking at the World Economic Forum, Andrew Bailey said while digital innovation in payments was likely to remain into the future, cryptos in their current form were unlikely to last
Archive
Moderna Says Shot Works Against Variants, Developing Booster
Email of the day on gold as a Tier 1 asset under Basel III You mentioned that gold should be higher. I understand that there is effectively a "put" on gold, die to shorts being able to be placed - using unallocated gold - which are naked. B
Archive
Moderna Says Shot Works Against Variants, Developing Booster
Email of the day on gold as a Tier 1 asset under Basel III You mentioned that gold should be higher. I understand that there is effectively a "put" on gold, die to shorts being able to be placed - using unallocated gold - which are naked. B
Archive
Today's Market View - Rambler Metals and Mining, Condor Gold, Eurasia Mining and more...
Altus Strategies* - gold discovery in Mali and a diversified portfolio of exploration assets in Africa Amur Minerals* - strategic nickel project in Russia and iron ore mine in Australia Anglo Asian Mining – gold mine in Azerbaijan Arc Miner
Archive
UK and US GDP key macro news on Tuesday alongside UK borrowing figures
The quiet festive week is likely to continue in terms of company news, however, the macro calendar will continue to provide some interest data for the market
Archive
FTSE 100 closes in red Thursday amid strengthened pound, Brexit deal optimism
The UK's index of leading shares finished the day down almost 20 points at 6,551, while midcap FTSE 250 went higher, gaining over 199 points at 20,296
Archive
Gold Climbs as Stimulus, Fed and Fresh Lockdowns Support Advance
A bipartisan group of lawmakers delivered details of a $908 billion relief package, splitting it into two parts in recognition of deep differences over state aid and a liability shield for employers. With Joe Biden now confirmed as presiden
Archive
Today's Market View - Vast Resources, QuantumScape Corp, Phoenix Copper and more...
Elkem ASA (LON:ELK) NOK28.49, Mkt cap NOK16.25bn – Manufacturing advanced synthetic graphite anode materials Phoenix Copper* (LON:PXC) 41.5p, Mkt Cap £25.6m – Empire Mine operational update QuantumScape Corp (NYSE:QS) US$73.05, Mkt cap US$1
Bitcoin is closing in on an all-time high, and some think it could go much further
The digital currency is trading at around US$18,200, levels not seen since December 2017, however, it has been estimated that the price could be as high as US$318,000 by the end of 2021
Archive
Fed Rate-Hike Risk Rebounds on Vaccine Buzz
Email of the day on recovery candidates versus stay at home champions Thank you for bringing Rolls Royce to our attention recently. Thanks to you I was able to open a position which looks excellent now. Do you think the volatility in the sh
Furlough scheme extended until March as Bank of England paints gloomy picture
The chancellor said extending the furlough scheme would save millions of jobs
Dividends at ten-year low but outlook brightens suggests data group Link
"Our worst-case scenario has steadily improved all year and though UK investors face a historic decline in their income this year, the worst is now behind us"
Britain’s finances spiral out of control, as fear and loathing stalk the land
The national debt is at its highest level for sixty years
Gold set for a long run at these new levels, as Fed commits to loose money and safe haven buying continues
The gold price hit new all-time highs in mid-August
Archive
FTSE 100 trims losses; US stocks trend down, up and down again
London's blue-chip benchmark dropped 28 points to 6,049.9
Archive
DJIA erases 2020 losses as S&P 500 hits another record close
Stocks got a boost by the latest consumer spending data and from Fed chair Jerome Powell's speech on Thursday
Bank of England governor Andrew Bailey's speech at Jackson Hole in focus for Friday
Updates are also expected from Amigo Holdings, Essentra, Benchmark Holdings and Cathay International
Britain's debt rises above £2trn as the cost of coronavirus fight mounts
Government borrowing so far this year has risen to £150.5bn and is on course for a new record
Archive
HSBC Tells Bank of England Now Is Not the Time for Optimism
Haldane has said Britain’s economic bounce back from the coronavirus-induced recession is looking V-shaped so far. Not all his colleagues on the Monetary Policy Committee seem comfortable with that view though -- Silvana Tenreyrohas warned
UK inflation unexpectedly rises to 1% as clothing prices hold up, rail users suffer again
Core inflation, which excludes food, cigarettes and alcohol, rose to 1.8% from 1.4%
UK in recession as GDP plummets 20.4% over lockdown period
A recovery started in June, said the Office of National Statistics (ONS), when GDP rose by 8.7%
Archive
Record Lows Await for U.K. Money Market and Gilt Yields
U.K. yields’ march to record lows will gather momentum in the coming weeks as traders’ conviction in negative BOE rates grows. It’s happening today, with short-sterling contracts in 2022 printing 100 for the first time. This implied a 3-mo.
Markets brace for possible surge in ‘going concern’ warnings
The term ‘going concern’ is used by accountants to indicate that a company has the resources necessary to continue operating indefinitely until there is evidence to the contrary
Investors take up £3.75bn of new gilts at negative interest rates, as inflation drops below 1%
The UK government has never before sold gilts at a negative interest rate
Archive
Eyes on Bank of England on Thursday as coronavirus headlines continue to dominate
It is getting tougher to second guess the City diary, especially after financial result reporting was suspended by the FCA.
Archive
Today's Market View - Caledonia Mining, Keras Resources, Vast Resources and more...
Caledonia Mining (LON:CMCL) – 2019 results and 2020 guidance Keras Resources* (LON:KRS) – AGM adjourned despite 99% of votes in favour of resolutions Savannah Resources* (LON:SAV) – Annual results highlight progress on Portuguese lithium an
BUDGET LIVE: Chancellor turns on the spending taps
Updates for Chancellor of the Exchequer Rishi Sunak's spring budget, due to be delivered at 12.30pm
Archive
FTSE 100 closes up and Wall Street bounces back as central bank chatter lifts sentiment
“We do not think this is a shock that can be managed by central banks alone”
Archive
Today's Market View - Toyota, Panasonic, Tesla and more...
SP Angel . Morning View . Friday 03 02 20 Chinese stocks plummet as traders return from extended lunar new year MiFID II exempt information – see disclaimer below Company news will resume next week, as our team of analysts are in Cape Town
Tales from the Crypto: Central banks join forces to asses potential for national digital currencies
A look at some of the recent major events and movements in crypto markets and the wider blockchain industry
Archive
Today's Market View - Pan African Resources
SP Angel . Morning View . Friday 24 01 20 Virus outbreak ahead of holidays risks Chinese growth outlook MiFID II exempt information – see disclaimer below
Archive
U.S. and China Sign Phase One of Trade Deal
The U.S. and China signed what they’re billing as the first phase of a broader trade pact on Wednesday amid persistent questions over whether President Donald Trump’s efforts to rewrite the economic relationship with Beijing will ever go an
It's 'Bailey of the Bank' - Andrew Bailey named new governor of the Bank of England
The Cambridge educated 60-year-old will take over from departing Mark Carney in March
Archive
FTSE 100 closes ahead as bullish mood on US, China trade continues
The Footsie closed up around 33 points at 7,573 on Thursday
Archive
FTSE 100 closes lower as Trump on trade disappoints European markets
Footsie closed around 14 points in the red at 7,351 while FTSE 250 fared worse, dropping 137 points at 20,289