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By Geoffrey Smith Investing.com -- The Bank of England raised its key Bank rate by 75 basis points to 3.0%, its highest in 14 years, and warned that the U.K. economy may shrink for the next year and...
By Scott Kanowsky Investing.com -- Barclays PLC (LON:BARC) reported better-than-expected profit in the third quarter, as the lender was boosted by strong performance in fixed income trading that...
By Scott Kanowsky Investing.com -- HSBC Holdings PLC (LON:HSBA) has announced that chief financial officer Ewen Stevenson will step down from the role at the end of 2022, as the lender looks to...
By Yasin Ebrahim Investing.com -- The pound’s rebound since hitting an all-time low may soon run out of steam as the challenges facing new Prime Minister Rishi Sunak have deepened following outgoing...
By Geoffrey Smith Investing.com -- Sky-high inflation and a spiraling political crisis pushed the U.K. economy deeper into trouble in October, according to a closely-watched survey released on...
By Geoffrey Smith Investing.com -- Shares in Naked Wines (LON:WINEW) jumped 26% on Thursday as the struggling wine merchant said that its measures to stabilize the business are gaining traction. The...
By Senad Karaahmetovic Global growth expectations are near all-time lows, according to the latest Global Fund Manager Survey (FMS) conducted by Bank of America. Growth expectations are up only >40pps...
By Geoffrey Smith Investing.com -- The U.K.'s new Chancellor of the Exchequer, Jeremy Hunt, is to announce new tax and spending plans later Monday, two weeks earlier than foreseen, in an effort to...
By Geoffrey Smith Investing.com -- The pound fell and U.K. government bonds extended their rally on Friday after reports that Prime Minister Liz Truss will fire Kwasi Kwarteng as Chancellor of the...
By Peter Nurse Investing.com - European stock markets edged largely lower Thursday, with investors wary ahead of the release of key U.S. inflation data as well as the continued U.K. market...
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