City Comment: Inflation and the direction of interest rates remain great unknowns, but the signs are not good
Silvana Tenreyro has been one of the Monetary Policy Committee’s most consistently dovish members
Apollo had already submitted four previous bids, which Wood’s board say “undervalue the group”
The CEO of America’s biggest bank said the US Federal Reserve should take some of the blame for the sector’s recent troubles
City Comment: The huge influx of foreign money that flooded into London in the wake of Big Bang marked the start of a Golden Age for the capital
City Comment: OBR’s latest forecast of 2.9% inflation by the end of the year already looks in peril
Peel Hunt, Numis and WH Ireland all showed the stress they are under today
City Comment: We’re never more than a day away from a fresh bout of panic
The quarter-point rise comes amid growing talk in the City that rates are now near their peak
The announcement came as the bank announced it would raise interest rates to 4.25%
Confidence in house prices, job security and business activity was strong, but poor sentiment remains on cost-of-living issues
“The Chancellor is going into this budget with very limited room for maneouvre, so we can’t go in with a huge shopping list,” CEO John Dickie said.
The clearing bank is the first confirmed bidder for the UK arm of the collapsed Silicon Valley Bank
The UK building sector had its worst month in almost a year, but there may be signs of greater resilience in the London housing market
42% of Londoners think they are underpaid, but only 30% will ask for more money, a survey has found
Monetary Policy Committee member Swati Dhingra said that “further tightening is a bigger risk” than holding interest rates at 4%
The CAA said the charge “recognises that passenger volumes are expected to return to pre-pandemic levels”
An Institute of Directors poll found the majority of members would support the proposal
UKHospitality Chief Executive Kate Nicholls said that without these changes, some hospitality companies could go out of business
London exceeded all other regions in both the frequency of unpaid overtime and average unpaid hours
The amount of people aged between 16 and 24 who are not in employment, education or training was up to 11.5%
Monetary Policy Committee member Catherine L Mann added that the longer inflation persists, the harder it will be to fight
However, salary increases could be slowing more quickly than price rises
UK is also ranked ninth of 20 European countries in graduate finance salaries
February private-sector output was up for the first time since July 2022, according to S&P; Global
City Comment: London may finally be recovering its pre-Brexit poise
The latest deal is the third pay rise negotiated by union Usdaw for Tesco workers in the space of 10 months
A delegation from Western Australia is coming to the capital to recruit police officers, nurses and a range of other workers
City Comment: It’s too soon to let remuneration rip
City Comment: CEO Chris O’Shea will have to divert his energies towards restoring British Gas’s reputation before he can turn his attention to his day job
Revenue and profit both grew in 2022 thanks to strong performances for its money and travel arms
Index of top London-listed companies has repeatedly broken records this month
City Comment: There are good reasons to think the worst of the inflation firestorm may well be over
More than 60% of those earning less than £30,000 said they were required to travel to work every day with no work-from-home option.
City Comment: We’re far from the high-water mark of labour unrest when union bosses made the country close to ungovernable
The digital currency would be issued by the Bank of England and could be used by households and businesses for everyday payments in-store and online
Catherine L. Mann said the risk of being too cautious in raising rates is greater than the risk of being too aggressive.
