Markets

British households are bracing for another increase in their energy costs as mounting international competition for gas continues to drive prices upward. Cornwall Insight, a leading energy consultancy, projects that Ofgem will announce a…

Elliott Management has revealed a massive £5bn stake in Honeywell International, marking its largest-ever investment whilst pushing for a significant break-up of the £164bn industrial conglomerate. The activist investor's bold move…

European stocks and currencies faced a significant downturn on Tuesday as market participants grew increasingly concerned about the potential impact of Donald Trump's aggressive trade policies towards China under a possible second…

Financial markets responded decisively to Donald Trump's comfortable victory in the US presidential election, with swift movements across asset classes signalling investors' expectations of significant policy shifts ahead. The immediate…

Global financial markets experienced significant shifts today as Donald Trump secured his return to the presidency, triggering substantial gains in the US dollar, Bitcoin, and Treasury yields while sending ripples through international…

Wall Street stocks soared to unprecedented heights whilst investors offloaded bonds as Donald Trump's momentous US election triumph prompted global markets to recalibrate, pricing in an anticipated regime of trade tariffs and tax…

UBS has disclosed a net profit of $1.4 billion for the third quarter, surpassing expectations thanks to its trading division's better performance amid heightened market volatility and strategic cost-cutting measures. Revenue surged to…

London's housing market has seen its busiest period in four years. This is partly because London landlords are trying to get rid of their properties before the budget this week. Zoopla's property search site, Zoopla, reports that almost…

Reckitt Benckiser's chief executive has said that the FTSE100 consumer goods group would be open to settling US safety lawsuits filed against its premature baby formula in order to smooth a potential sale of its nutrition division. In…

Morgan Stanley beat profit expectations on an impressive third quarter in investment banking, which also boosted rivals and sent its stock to record levels. The American bank announced that its profit increased 32 percent to $3.2 billion…

Accounts show that the rolling stock company Porterbrook distributed £80m to its overseas shareholders, mainly, last year. This has fueled calls for Britain to nationalise its trains. In 2023, the firm's train-leasing arm generated…

Goldman Sachs profit increased by 45 percent to $3 billion, the best quarter in equities since 2021. This is a sign of optimism for the strength and stability of the American economy. The US investment bank was able to beat analysts'…

Banks and investment firms are increasingly worried about geopolitical risk, according to the Bank of England. This is due to the Middle East conflict. In its latest survey, the Bank polled 93 percent of firms who cited geopolitics to be…

Rightmove’s Australian suitor has abandoned takeover discussions after its sweetened £6.2billion offer was rejected. REA Group confirmed Monday afternoon that it had withdrawn its interest in purchasing the property search site, just hours…

The Texan tycoon who led the bankrupt prison-builder ISG to bankruptcy has finally spoken out about the collapse of the company, with details emerging of a debt of $1 billion his firm owes Goldman Sachs. William Harrison III, former…

The REA Group, owned by billionaire Rupert Murdoch, has added an additional £200m in a sweetened bid for Rightmove. This value the UK's largest online property portal to more than £6bn. In a public statement sent to the stock exchanges of…

Rightmove has received a third takeover bid of £6.1 billion from a Melbourne property company, after having rejected two previous offers. Rea Group’s latest indicative offer - 341p cash and 0.0422 Rea shares - values the UK's property…

Spread-betting specialist IG Group has reported a 15% increase in revenue for its first quarter. This was driven by increased trading activity, as customers tried to take advantage the market turmoil that occurred in August. The FTSE 250…