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Business · LondonFTSE 100 climbs despite US inflation, Bank of England hints at fewer rate hikes
The FTSE 100 Index finished Wednesday with a gain of 74.53 points, reaching 10,724.86. This rise occurred despite a hotter-than-expected US inflation report, as Bank of England chief economist Huw Pill suggested fewer interest rate hikes might be necessary.
London5 min readTrust 86 · Craft 95 · Hype 18
Business · LondonFTSE 100 falls 1.7% amid bond market worries
London's FTSE 100 index closed down 1.7% on Thursday, reflecting broader market anxieties driven by Middle East tensions and UK fiscal concerns. Bond yields remained elevated, impacting investor sentiment and leading to a slowdown in house price appreciation.
London4 min readTrust 74 · Craft 95 · Hype 25
Business · LondonFTSE 100 drops 1.5% as 10‑year gilt yield rises to 5.31% and retail sales rebound
The FTSE 100 closed at 10,659.13 on Friday, down 157.01 points, as the 10‑year UK gilt yield rose to 5.31%. Office for National Statistics figures revealed a 0.5% month‑on‑month increase in August retail sales volumes, reversing July’s decline.
London3 min readTrust 74 · Craft 87 · Hype 18
Business · LondonFTSE 100 rallies as oil price drop offers market relief
The FTSE 100 index saw gains on Wednesday, closing up 0.3%, as a decrease in Brent crude oil prices provided a welcome respite for the market. This occurred despite the release of higher UK consumer price inflation figures.
London3 min readTrust 74 · Craft 95 · Hype 28
Business · LondonBank of England paid £20m to slave owners, 24 directors linked to trade
The Bank of England paid £20 million to slave owners after the 1833 abolition act, while 24 of its early directors were investors in the slave trade, a 2022 exhibition also listed 599 enslaved people owned by the bank.
London3 min readTrust 74 · Craft 95 · Hype 15