Prompted by signs that the economy is slowing down, The Bank of England has cut UK interest rates to 5.5% from 5.75%. Henk Potts, equity analyst, Barclays Stockbrokers says: “A combination of slowing growth, a cooling housing market, declining consumer confidence and soft retail sales led to today’s cut, and we think these factors will continue to keep pressure on the Bank of England to cut rates. We are currently predicting that rates will be reduced again in February and May, taking us back to 5%.”
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.