Category: England
-
Bank of England poised for four or more rate cuts in 2025, say economists
•
The Bank of England is expected to cut interest rates at least four times this year, according to a new survey of 51 economists. the Latest poll It suggests that the base rate could fall from its current rate of 4.75 per cent to 3.75 per cent or lower in…
-
Bank of England casts doubt on ‘Britcoin’ launch amid privacy and cost concerns
•
Plans for a “digital pound” in the UK have hit a snag as Bank of England officials grow increasingly skeptical about the project, raising doubts that any form of a “British currency” will be introduced before the end of the decade. The bank and government were due to decide in…
-
Pub closures top 400 in England and Wales as total dips below 39,000
•
More than 400 pubs in England and Wales have closed or been repurposed over the past year, taking the total to below 39,000 for the first time. Commercial property company Altus Group says 412 public homes will be demolished or converted to alternative use in 2024, leaving just 38,989 homes…
-
Budget ‘weighing on growth’, warns Bank of England
•
The UK economy is unlikely to see any growth in the wake of the Chancellor’s Budget, as businesses respond to record tax measures by raising prices and cutting employment levels, the Bank of England has warned. Policymakers now expect the economy to remain flat in the final quarter of 2024,…
-
Fennec Pharmaceuticals Announces Pedmarqsi® Positive Recommendation by NICE for the Prevention of Cisplatin-Induced Hearing Loss in England and Wales
•
This section is Partnership Content supplied The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Breadcrumb Trail Links GlobeNewswire Author of the article: Published Dec 20, 2024 • 8 minute…
-
Nyxoah Announces Commercial Launch of Genio® Innovative Therapy in England
•
Article content Nyxoah announces the commercial launch of its innovative treatment Genio® in EnglandThe first patients to have the Genio device implanted At UCLH, London Article content Mont Saint Guibert, Belgium – December 13, 2024, 8:05 AM CET / 2:05 AM ET – Nyxoah SA (Euronext Brussels/Nasdaq: NYXH) (“Nyxoah” or…
-
Bank of England warns of growing financial risks from trade war
•
The Bank of England has warned that escalating trade wars, geopolitical instability and rising global debt levels are amplifying risks to the UK’s financial system. Officials cited the country’s vulnerability due to its “open economy and large financial sector,” according to the World Bank’s latest financial stability report. Andrew Bailey,…
-
Virtue Drinks Secures £2 Million Investment from BrewDog Co-Founder and England Footballer
•
Virtue Drinks, the UK’s fastest growing clean energy drinks brand, has announced the successful closing of a £2 million investment round. This latest financing brings the company’s total investment to more than £5 million. Notable investors in this round include James Watt, co-founder of BrewDog – the largest craft beer…
-
Virtue Drinks Secures £2 Million Investment from BrewDog Co-Founder and England Footballer
•
Virtue Drinks, the UK’s fastest growing clean energy drinks brand, has announced the successful closing of a £2 million investment round. This latest financing brings the company’s total investment to more than £5 million. Notable investors in this round include James Watt, co-founder of BrewDog – the largest craft beer…
-
Bank of England cuts rates to 4.75% as inflation cools and economic pressures ease
•
The Bank of England cut interest rates by 25 basis points to 4.75%, its second cut this year as inflationary pressures begin to ease and economic data point to a slowdown in wage growth. The nine-member Monetary Policy Committee voted in favor of the cut, following a steady trend in…
-
Bus fare cap to rise to £3 across England under new budget plan
•
The maximum bus fare in England is set to rise to £3, following an announcement by Prime Minister Sir Keir Starmer. The new limit, which will be introduced in the next Budget, represents an increase on the current £2 cap which the previous Conservative government applied as a measure of…
-
Red tape risks turning city into ‘graveyard’, warns Bank of England official
•
Sam Woods, chief executive of the Bank of England’s Prudential Regulation Authority, warned that excessive regulation could turn the City of London into a “graveyard” by stifling innovation and risk-taking. Speaking at the city’s annual banquet at the Mansion House, Woods warned that although financial regulation is essential for stability,…
-
Bank of England may cut rates more aggressively as inflation eases, warns Andrew Bailey
•
Andrew Bailey, Governor of the Bank of England, has indicated that the bank may take a more aggressive stance on cutting interest rates if inflation continues to decline. However, he warned that escalating tensions in the Middle East could lead to a sharp rise in oil prices, which would complicate…
-
Bank of England says global asset prices remain ‘stretched’ By Reuters
•
By David Milliken and Suban Abdullah LONDON (Reuters) – Global asset prices remain under pressure and are vulnerable to a significant decline as investors become more concerned about geopolitical risks, the Bank of England said on Wednesday. The Bank of England said overall risks to British financial stability were unchanged…
-
Bank of England says global asset prices remain ‘stretched’ By Reuters
•
By David Milliken and Suban Abdullah LONDON (Reuters) – Global asset prices remain under pressure and are vulnerable to a significant decline as investors become more concerned about geopolitical risks, the Bank of England said on Wednesday. The Bank of England said overall risks to British financial stability were unchanged…
-
Businesses backed by private equity face heightened default risks, warns Bank of England
•
The Bank of England has warned that companies owned or backed by private equity firms are at greater risk of default than other large companies. According to new research, these companies are more vulnerable to financial instability, especially when compared to companies that rely primarily on traditional lenders such as…
-
Pound reaches two-year high as Bank of England holds interest rates steady
•
The pound rose to its highest level since March 2022, breaking through the $1.33 level, after the Bank of England decided to keep interest rates steady at 5 percent and indicated a gradual approach to easing monetary policy. Sterling rose about 0.7 percent against the dollar, to $1.331, after the…
-
Pound reaches two-year high as Bank of England holds interest rates steady
•
The pound rose to its highest level since March 2022, breaking through the $1.33 level, after the Bank of England decided to keep interest rates steady at 5 percent and indicated a gradual approach to easing monetary policy. Sterling rose about 0.7 percent against the dollar, to $1.331, after the…
-
Bank of England faces pressure to cut rates as job vacancies and factory output decline
•
The Bank of England is facing increasing pressure to cut interest rates this week as signs of a slowing economy emerge in job vacancies and industrial production. According to the Recruitment and Employment Confederation, job vacancies fell by 3.2% in August, with nearly 720,000 new advertisements, reflecting a slowing labour…
-
Goldman Sachs see a Bank of England rate cut in November, with a cascade of cuts to follow
•
High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…