Now playing Next Business Fall in UK salary levels fuels hopes of future interest rate cuts Salaries have fallen for the first time in six months, boosting hopes of a Bank of England rate cut later this summer. 24/06/2024
Now playing Next Economy Bank of England keeps rate on hold: Investors betting on August cut The Bank of England kept the Bank Rate at 5.25% in June, with two MPC members favouring a 0.25% cut. Inflation rate hit the 2% target in May, yet policymakers continue to advise caution to interest rate cuts. 20/06/2024
Now playing Next Economy UK inflation rate hits target of 2%: Is this a signal for rate cuts? The United Kingdom's overall inflation rate fell to 2% year-on-year in May, hitting the Bank of England's target for the first time since July 2021, just ahead of the bank's June meeting. 19/06/2024
Now playing Next Business Hargreaves Lansdown set to back consortium's euro billions bid This proposed offer of €6.3bn for the UK's largest stockbroker follows three previous approaches from the consortium in recent months. 19/06/2024
Now playing Next Markets Weekly markets recap: European stocks sink on political jitters Global markets were mixed this week as European stocks tumbled on political turmoil, while Wall Street hit a new high fueled by a tech rally. 14/06/2024
Now playing Next Business Mexican billionaire buys major stake in BT as new strategy takes hold Carlos Slim who is Latin America's richest man has disclosed a 3.2% stake in the FTSE 100 company, making him one of its largest shareholders. With the purchase by Slim's family business, Inbursa, he becomes the latest high profile investor in the telecoms group. 13/06/2024
Now playing Next Markets Fed rate decision: European stock markets recoup most of earlier falls European stock markets recoup most of their losses from earlier in the week following the release of US CPI data. Regional markets opened lower despite the Fed’s rate decision propelling Wall Street to all-time highs overnight. 13/06/2024
Now playing Next Economy BoE holds rates steady, sees inflation below target in two years The Bank of England maintained interest rates at 5.25%, in a split decision with two members dissenting. Governor Andrew Bailey indicated it's premature to reduce rates. New forecasts project that price pressures will fall below the target within two years. 09/05/2024
Now playing Next Business Ahead in the Markets: The BoE's rate decision, UBS, and ARM earnings This week, all eyes will be on the Bank of England's (BoE) rate decision, along with the release of quarterly earnings reports from major companies including UBS and BP. These events will provide crucial insights into the market trajectory and investor sentiment. 06/05/2024
Now playing Next Economy UK inflation drops to two and a half year low as food prices cool Stabilising food inflation and falling house prices both contributed to UK inflation coming down further in March, leading to renewed hopes that the Bank of England might cut rates soon. 17/04/2024
Now playing Next Markets Gold hits fresh high: Why are investors turning to the precious metal? A closer look at why the price of gold has hit a fresh record this week as other commodities also move higher, including oil prices. 02/04/2024
Now playing Next Economy Bank of England holds rates steady, inflation set to drop The Bank of England has held the interest rate at 5.25%, with one dissent by Swati Dhingra advocating for a 0.25% cut. Projections see inflation dipping below the target in Q2 2024. 21/03/2024
Now playing Next United Kingdom King Charles III banknotes to enter circulation in June 2024 New banknotes will be issued solely to substitute worn ones and to accommodate any rise in demand for banknotes. 21/02/2024
Now playing Next Economy Pound moves higher as UK retail sales rise at fastest pace since 2021 January's jump in sales was the biggest since April 2021 and followed a 3.3% fall in December. 16/02/2024
Now playing Next Economy UK enters recession as economy shrinks: Will the BoE cut rates sooner? An economy is widely considered to enter a technical recession following two consecutive quarters of negative economic growth, which is usually measured by GDP. 15/02/2024
Now playing Next Economy UK house prices rise for fourth month running on lower mortgage rates Northern Ireland saw the highest growth within the UK, where house prices increased by about 5.3% annually. 07/02/2024
Now playing Next Economy UK interest rates kept steady despite downward inflation trend The Bank of England has decided to hold interest rates at a 16-year high for the fourth consecutive month, following leads from the Fed and the ECB. 01/02/2024
Now playing Next Business HSBC hit with £57 million fine for not protecting deposits HSBC neglected to adequately protect customer deposits from around 2015 to 2022, leading to the PRA issuing its second largest fine ever. 30/01/2024
Now playing Next Economy UK inflation unexpectedly pulled up by clothes, alcohol and tobacco Clothing and footwear prices, as well as furniture and household goods prices drove UK inflation up in December 2023. 17/01/2024
Now playing Next Economy How much money did the UK government borrow in November? The Office for National Statistics (ONS) said public sector net borrowing stood at £14.3 billion in November, reflecting the fourth-highest November total since monthly records began in 1993. 21/12/2023