London’s FTSE 100 fell 4% while the price of gas, oil and other commodities soared as spooked financial markets reacted to Russia’s invasion of Ukraine. UK households will be facing even higher costs for energy, food and fuel as a direct result of the conflict. The energy price cap will rise even higher in the […]
London’s stock market has plummeted amidst fears of a global recession caused by the coronavirus with £124 billion wiped off the value of the FTSE 100 blue-chip index. The FTSE 100 closed 7.69% down on Monday – the fifth biggest single day fall in the index’s 36 year history and its worst drop since the […]
The FTSE 100 has recorded its biggest fall in four years as concerns about the economic impact of the coronavirus hit global markets, wiping billions off the value of the world’s biggest companies. In London, the UK’s FTSE 100 saw £62 billion lost as the share index plummeted 3.3% – the steepest drop since January […]
SNP leader Humza Yousaf has called on the UK government to back a resettlement scheme for Palestinian refugees caught up in the Israel-Gaza conflict. In his closing speech to the SNP conference – made before the explosion at a hospital in Gaza – Humza said Scotland is “willing to be the first country in the […]
A video released by the Treasury on Twitter to promote the Budget by mocking Matt Hancock’s leaked WhatsApp messages has been labelled “contemptuous”, “shameful” and “cringe”. Jeremy Hunt’s first full Budget as chancellor – following November’s mini budget to repair the damage done by Kwasi Kwarteng and Liz Truss – also drew fire for giving […]
London’s FTSE 100 stock index set a record closing high on Friday (Feb 3) finishing up more than 1% at 7,901.8 points – beating the previous record set in May, 2018 when the FTSE 100 closed at 7,877.45. Investors are reportedly backing the UK’s blue chip firms to benefit from the weak pound combined with […]
Union leader Mick Lynch is blaming the government for a new round of 48 hour rail strikes that will paralyse the network in the run-up to Christmas and after the New Year. Millions of passengers will face severe disruption when thousands of members of the Rail, Maritime and Transport workers union (RMT) strike in December […]
London has lost its crown as the home of Europe’s largest stock market to Paris for the first time since records began in 2003. Stock values in Paris have wiped out a $1.4 trillion gap to London share values in the six years since the Brexit vote, according to Bloomberg. Shares traded in the French […]
The pound has plummeted to its lowest ever level against the US dollar after the new Conservative government’s mini-budget collapsed confidence in the UK’s economic management. Early trading on Monday saw the pound plunge 5% against the dollar to just $1.03 before it managed to claw back two cents when London’s markets opened. Further turmoil […]
The pound and UK stock markets have plummeted providing an immediate reaction to chancellor Kwasi Kwarteng’s mini-budget aimed to stimulate economic growth. The £45 billion package of tax cuts announced today (September 23) is the biggest tax give-away for 50 years – but experts say that half the cuts in personal tax will line the […]