11 h. ago Bank of England warns of risk of AI market correction; gold hits new $4,000 an ounce record – business live

Soaring tech valuations could drop amid potentially ‘disappointing’ progress on AI, central bank says; gold has doubled in two years and extends 50% rally so far this yearPeter Hargreaves, the billionaire co-founder of Hargreaves Lansdown, is retiring from the UK’s largest personal investment site, seven months after its £5.4bn acquisition by private equity firms. Hargreaves, 79, who set up the business in 1981 in the back bedroom of his house in Clifton with Stephen Lansdown, is handing his board position to his son Robert and said this “marks a proud new chapter in the family legacy”. His firm pioneered “DIY” investments, allowing people to invest directly in shares via its website without costly financial advisers.The Bristol-based company said he had rejoined the board earlier this year to “provide continuity and support through a period of change” following its takeover by a private equity consortium of Jersey-based buyout giant CVC Capital Partners, Sweden’s Nordic Capital and...

Events

12 h. ago Bank of England warns of growing risk that AI bubble could burst

Possibility of ‘sharp market correction has increased’, says Bank’s financial policy committee Business live – latest updatesThe Bank of England has warned there is a growing risk of a “sudden correction” in global markets as it raised concerns about soaring valuations of leading AI tech companies.Policymakers said there were also threats of a “sharp repricing of US dollar assets” if the Federal Reserve lost credibility in the eyes of global investors. It comes as Donald Trump’s continues to attack the US central bank and threaten its independence. Continue reading...

Events

12 h. ago Bank of England warns growing risk AI bubble could burst; gold hits new $4,000 an ounce record – business live

Soaring tech valuations could drop amid potentially ‘disappointing’ progress on AI, central bank says; gold has doubled in two years and extends 50% rally so far this yearPeter Hargreaves, the billionaire co-founder of Hargreaves Lansdown, is retiring from the UK’s largest personal investment site, seven months after its £5.4bn acquisition by private equity firms. Hargreaves, 79, who set up the business in 1981 in the back bedroom of his house in Clifton with Stephen Lansdown, is handing his board position to his son Robert and said this “marks a proud new chapter in the family legacy”. His firm pioneered “DIY” investments, allowing people to invest directly in shares via its website without costly financial advisers.The Bristol-based company said he had rejoined the board earlier this year to “provide continuity and support through a period of change” following its takeover by a private equity consortium of Jersey-based buyout giant CVC Capital Partners, Sweden’s Nordic Capital and...

Events

13 h. ago Spot gold rises above $4,000 for the first time; car dealer Vertu Motors warns of £5.5m profit hit from JLR disruption – business live

Gold has doubled in two years and extends 50% rally so far this year amid central bank buying and political turmoilPeter Hargreaves, the billionaire co-founder of Hargreaves Lansdown, is retiring from the UK’s largest personal investment site, seven months after its £5.4bn acquisition by private equity firms. Hargreaves, 79, who set up the business in 1981 in the back bedroom of his house in Clifton with Stephen Lansdown, is handing his board position to his son Robert and said this “marks a proud new chapter in the family legacy”. His firm pioneered “DIY” investments, allowing people to invest directly in shares via its website without costly financial advisers.The Bristol-based company said he had rejoined the board earlier this year to “provide continuity and support through a period of change” following its takeover by a private equity consortium of Jersey-based buyout giant CVC Capital Partners, Sweden’s Nordic Capital and the Abu Dhabi wealth fund, which completed in March.Har...

Economics

14 h. ago FTSE 100 Live 08 October: Lloyds rallies on car loan update, index and gold at record

Lloyds Banking Group shares today rose during a record-breaking session for the FTSE 100 index.

Politics

16 h. ago FTSE 100 Live 08 October: Index at record as gold tops $4000, Lloyds shares rise

Lloyds Banking Group shares today rose during a record-breaking session for the FTSE 100 index.

Politics

38 h. ago FTSE 100 Live 07 October: Shell and Imperial rally, B&M slides after earnings downgrade

Gold and Bitcoin prices are in focus after they traded at record levels earlier today.

Politics

40 h. ago FTSE 100 Live 07 October: House prices weaken, B&M hit by poor trading

Gold and Bitcoin prices are in focus after they traded at record levels earlier today.

Society

61 h. ago FTSE 100 Live 06 October: Mondi and Aston Martin gloom, French stocks retreat

London’s new listings mini-boom gathered pace today when digital bank Shawbrook said it is planning an IPO.

Politics

63 h. ago FTSE 100 Live 06 October: IPOs on a roll, setbacks for car maker and paper giant

London’s new listings mini-boom gathered pace today when digital bank Shawbrook said it is planning an IPO.

Politics

63 h. ago FTSE 100 Live 06 October: Lender backs London IPO, Aston Martin loss warning

London’s new listings mini-boom gathered pace today when digital bank Shawbrook said it is planning an IPO.

Events

64 h. ago FTSE 100 Live 06 October: Aston Martin warning, lender confirms IPO plan

London’s new listings mini-boom gathered pace today when digital bank Shawbrook said it is planning an IPO.

Events

5 d. ago FTSE 100 Live 03 October: Index back at record amid IPO cheer, JD Wetherspoon falls on results

London’s IPO market got a double boost today as Princes Group confirmed plans for a listing and trading started in Beauty Tech Group.

Politics

6 d. ago FTSE 100 Live 02 October: Tesco surges on profit upgrade, IPO boost for London

A Tesco profit upgrade today continued the strong week for London investors.

Economics

6 d. ago FTSE 100 Live 02 October: Tesco strong run continues, index fades after record start

A Tesco profit upgrade today continued the strong week for London investors.

Politics

6 d. ago FTSE 100 Live 02 October: Tesco lifts profit guidance, index record run continues

A Tesco profit upgrade and fresh gains by the FTSE 100 index today continued the strong week for London investors.

Politics

7 d. ago Review: American Airlines' New "78P" Business Class (Chicago

Review: American Airlines' New "78P" Business Class (Chicago - London)  Live and Let's Fly

Politics

7 d. ago UK’s FTSE 100 share index hits record high; US jobs market weakens as companies cut workers – business live

FTSE 100 hits record high as global stocks celebrate best September since 2013UK business confidence falls to record low amid rising employment costsOver in the eurozone, the manufacturing sector has slipped back into contraction.Data firm S&P Global reports that factory operating conditions across the euro area deteriorated in September, due to a reduction in new order inflows and a sharper rate of job shedding. Continue reading...

Economics

7 d. ago FTSE 100 Live 01 October: Index surges to new record, AstraZeneca leads pharma rebound

The FTSE 100 index moved deeper into record territory, boosted by a strong session for pharmaceutical stocks including AstraZeneca.

Politics

7 d. ago FTSE 100 Live 01 October: Wall Street futures lower as shutdown begins, AstraZeneca shares rally

Wall Street futures today traded lower after US politicians last night failed to agree a funding deal to avert a shutdown of government operations.

Events