4 h. ago Interest rate cut next week ‘nailed on’ as UK economy grows just once in seven months

Pre-Budget worries and speculation that chancellor Rachel Reeves would hike income tax has been blamed

Politics

5 h. ago Bank of England rate cut a 'slam dunk' after GDP falls as Budget gloom dents UK economy

ONS data showed the UK economy contracted by 0.1 per cent in the three months to the end of October, marking an even worse result than forecast.

Economics

7 h. ago FTSE 100 Live 12 December: GDP reverse fuels rate cut bets, Card Factory slides

The UK economy declined by 0.1% for a second successive month in October, figures today showed.

Politics

7 h. ago Bank of England rate cut nailed on after GDP falls as Budget gloom dents UK economy

ONS data showed the UK economy contracted by 0.1 per cent in the three months to the end of October, marking an even worse result than forecast.

Economics

29 h. ago FTSE 100 LIVE: London flat and Europe mixed as AI fears outweigh Federal Reserve rate cut

FTSE 100 LIVE: London flat and Europe mixed as AI fears outweigh Federal Reserve rate cut  Yahoo Finance UK

Politics

30 h. ago FTSE 100 Live 11 December: Index firm despite tech jitters, Drax plans data centre

Tech stocks and Bitcoin were under pressure today after Oracle Corp results soured the mood in the wake of last night’s US interest rate cut.

Politics

30 h. ago Google DeepMind to build its first robotic science laboratory in the UK – business live

Rolling coverage of the latest economic and financial newsIn the energy sector, Russia’s revenues from exports of crude oil and refined products has fallen to its lowest level since the invasion of Ukraine in 2022.The International Energy Agency has reported this morning that Moscow’s sales of fossil fuels fell again in November due to lower export volumes and weaker prices.These brighter prospects extend to our 2026 forecast, which we have upgraded by 90 kb/d, to 860 kb/d y-o-y.“We need to ask who is setting the agenda for the UK’s future with AI.”“In the absence of independent regulation or scrutiny, we’re at the mercy of technology companies’ commercial interests aligning with what the public want.” Continue reading...

Technology

31 h. ago FTSE 100 Live 11 December: Oracle results dampen US rate cut rally, Bitcoin drops

Tech stocks and Bitcoin were under pressure today after Oracle Corp results soured the mood in the wake of last night’s US interest rate cut.

Politics

32 h. ago FTSE 100 Live 11 December: Oracle results stall US rate cut rally, Bitcoin drops

Tech stocks and Bitcoin were under pressure today after Oracle Corp results soured the mood in the wake of last night’s US interest rate cut.

Politics

35 h. ago Asian shares are mixed after Fed cuts rates, pushing Wall Street near its record

Asian shares are mixed after the U.S. stock market again approached its record high following the Federal Reserve’s cut in its main interest rate

Politics

43 h. ago S&P 500 finishes shy of record after Fed delivers rate cut hat

Fed cuts rates to lowest level in years as three members voters oppose move in biggest dissent since 2019

Politics

45 h. ago Fed cuts interest rates by a quarter point amid apparent split over US economy

Vote to lower rates to a range of 3.5% to 3.75% was divisive among committee that tends to vote unanimously The US Federal Reserve announced on Wednesday that it was cutting interest rates by a quarter point for the third time this year, as the embattled central bank appeared split over how best to manage the US economy.The Fed chair, Jerome Powell, has emphasized unity within the Federal Open Market Committee (FOMC), the board of Fed leaders that sets interest rates. But the vote to lower rates to a range of 3.5% to 3.75% was divisive among the committee that tends to vote in unanimity voting nine to three for the rate cut. Continue reading...

Politics

54 h. ago FTSE 100 Live 10 December: Berkeley boss urges faster rate cuts, FirstGroup lands rail contract

Interest rate cut speculation in the US is set to keep FTSE 100 traders on edge today.

Politics

55 h. ago FTSE 100 Live 10 December: Berkeley boss urges rate cuts, FirstGroup lands rail contract

Interest rate cut speculation in the US is set to keep FTSE 100 traders on edge today.

Politics

56 h. ago FTSE 100 Live 10 December: Berkeley profit falls, US interest rate cut expected

Interest rate cut speculation in the US is set to keep FTSE 100 traders on edge today.

Politics

61 h. ago Asian benchmarks mostly decline as investors anticipate US rate cut

Asian shares are mostly lower, trading in a narrow range ahead of a Federal Reserve meeting that’s expected to result in the third cut to interest rates this year

Economics

2 d. ago Chancellor’s Budget to help bring down inflation from spring, say Bank officials

Clare Lombardelli, deputy governor of the central bank, pointed towards the continued easing of inflation on Tuesday.

Economics

3 d. ago NatWest announces major mortgage rate cuts following rivals Santander and Barclays

The cuts come ahead of a Bank of England base rate decision next week

Politics

3 d. ago Bank of England puts hundreds of jobs at risk in £45m cost savings drive as it looks to update its tech infrastructure

The Bank, led by governor Andrew Bailey (pictured) has written to the majority of its 5,700 employees inviting them to apply for voluntary layoffs.

Economics

6 d. ago BRIAN READE: 'Tory obsession with lies of Rachel Reeves highlights their desperation'

No one makes it to the top of politics without being a skilled weaver of fiction, Brian Reade says, which makes the fallout and Tory ranting following Rachel Reeves' Budget all the more galling

Politics