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Markets
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Business

Summer may still be chilly for the British economy

City Comment: Inflation and the direction of interest rates remain great unknowns, but the signs are not good

Business

Monopolies watchdog probes Amazon’s £1.4bn acquisition of Roomba maker

It is the second competition-related probe involving Amazon in two days

Business

Apollo makes £1.7 billion final offer for engineer John Wood Group

Apollo had already submitted four previous bids, which Wood’s board say “undervalue the group”

Business

JPMorgan Chase boss: banking crisis is ‘not yet over’

The CEO of America’s biggest bank said the US Federal Reserve should take some of the blame for the sector’s recent troubles

Business

Rathbones and Investec arm link in City wealth manager mega-merger

Staff will fear job cuts as CEO Paul Stockton said some kind of changes would be “inevitable”

Business

Fear of layoffs as City slowdown hits brokers large and small

Peel Hunt, Numis and WH Ireland all showed the stress they are under today

Business

Game of Thrones Fabergé egg helps Gemfields hatch record revenues

London-listed rubies and emeralds producer is planning a 007 Fabergé piece

Business

Wetherspoons resumes staff bonus with boss optimistic on inflation

Martin also said supply issues, which have now “largely disappeared”, had been caused by the pandemic reopening rather than Brexit

Business

Interest rates hiked to 4.25% but Bank of England ‘hopeful’

The quarter-point rise comes amid growing talk in the City that rates are now near their peak

Business

Markets hold their nerve in Europe as key rate decisions loom

Investors are looking ahead to a brace of potentially explosive interest rate decisions later in the week

Business

Kape directors: May be little choice but to accept ‘undervalued’ bid

Sharedholders would “have to consider” accepting the bid if gambling tycoon Sagi succeeds in taking the ExpressVPN owner private, they said

Business

FCA slams sustainability benchmarks as it ramps up greenwashing fight

The FCA said it would would use “the full range” of its tools to fight vague green benchmarks

Business

Billions knocked off UK banking shares after Credit Suisse rescue

Interest rate rises look less likely as turmoil continues in financial sector as wider markets find support

Business

Currys appoints new chief to warm up its troubled Nordics business

Shares fall as FTSE 250 retailer warns of “weaker” performance amid discounting in Sweden, Denmark and Norway

Business

Budget 2023: High noon for Hunt on energy prices, the City and tax

Help with childcare costs and and a rise to the cap on pension contributions expected to boost workforce

Business

Why did Silicon Valley Bank fail? And how did HSBC rescue its UK arm?

A weekend of high political drama ends in a rescue deal that leaves fast-growing sector safe in the City

Business

Budget 2023: London braces for energy bills action and City boost

Falling wholesale prices have made the government’s price cap on energy bills cheaper, meaning it could last longer

Business

Bank of England rate-setter: Inflation is ‘likely’ to be overestimated

Monetary Policy Committee member Swati Dhingra said that “further tightening is a bigger risk” than holding interest rates at 4%

Business

London loses Arm wrestle with New York

The re-listing of shares in Cambridge-based Arm Holdings will be on the Nasdaq not the FTSE

Business

London Metal Exchange faces probe into $4 billion nickel market chaos

The price spike of 250% last March led to cancelled trades and the first suspension of dealing in decades

Business

Taylor Wimpey to build a third fewer homes

Chancellor meets with housing industry figures as shockwaves from 2022 mini-Budget are still being felt

Business

Beazley eyes cyber crime and space as new frontiers for insurers

FTSE 100 company backs London insurance market’s reputation for innovation

Business

Why the UK car loans may have peaked at £41 billion in 2022

Cost of living crisis hits affordability while salary sacrifice schemes drive the move to electric cars

Business

Kin & Carta shares tumble after profit warning

Shares are down 30%, but the business remains confident in its long-term outlook

Business

Vet group CVS aims to expand beyond UK as H1 profit grows

CVS hopes to buy a group of vets in mainland Europe or another English speaking country

Business

‘Still more recovery to come in London’ for IHG

Hotels giant launches $750 million buyback, but shares dip

Business

Lush in legal row with ex-boss over £216.8m share sale

Andrew Gerrie’s Silverwood Brands claims Lush directors have failed to record the transfer of a 19.8% stake

Business

PurpleBricks puts up ‘for sale’ sign after profit warning

The online estate agent expects to lose between £15 million and £20 million this year, but its CEO says it has “never been in better shape”

Business

‘Tough macroeconomic climate’ could boost MoneySupermarket in 2023

Revenue and profit both grew in 2022 thanks to strong performances for its money and travel arms

Business

FTSE 100 breaks 8000 for first time in history

Index of top London-listed companies has repeatedly broken records this month

Business

Signs of hope on inflation despite slow price falls

City Comment: There are good reasons to think the worst of the inflation firestorm may well be over