London
Brits brace for higher mortgage payments despite Bank of England seen cutting rates
Period red-brick home rooftops in a suburb overlooking London’s financial district. Oversnap | E+ | Getty Images LONDON — Britons are facing the prospect of higher mortgage rates for longer after the government’s tax-and-spend budget threw off expectations for a series of near-term interest rate cuts. The Bank of England is widely expected to cut […]
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European markets open lower ahead of euro zone inflation data; Societe Generale jumps 8%
Traders sit in front of trading screens at ETX Capital in central London on January 3, 2017. London’s FTSE 100 reached a historic peak at 7,205.21 points in morning trade, extending a record run seen in the final week of 2016, before easing back from its highs. Daniel Leal | Afp | Getty Images LONDON […]
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These stocks are likely to gain from the UK’s major budget announcement, analysts say
The U.K.’s new Labour government unveiled a debut budget plan that includes £40 billion ($51.8 billion) worth of tax rises and even bigger spending plans. Wall Street and City analysts have identified several stocks that could benefit from the measures announced Wednesday. Investment banks also suggested that stocks that had dipped ahead of the budget […]
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Jack Dorsey’s payments company Block expands corporate card service to the UK
Key Points Block’s business-focused payments arm, Square, told CNBC it has rolled out it’s Square Card product in Britain. It marks the first time Block has expanded its business card offering outside North America, where it first launched in 2019. The firm will come up against local banking giants like Lloyds and NatWest, as well […]
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He’s British, she’s Australian. Here’s their trick to traveling 10,000 miles — with kids in tow
I’m proud to call the tiny sugarcane farming community of Ingham, Australia, my hometown. It boasts blue skies, sandy beaches and Australia’s longest single-drop waterfall. But its location — at the northern end of the state of Queensland — is a problem for me. Lured by the desire to explore Europe, I left for London […]
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These 3 UK stocks are on the march and set to soar by over 50%, RBC says
Three London stocks are on the march and are expected to rise by more than 50% over the next 12 months. CNBC Pro screened for stocks covered by analysts at RBC Capital Markets that have risen this year, have momentum behind them, and have an upside potential of more than 50%. Team17 Shares of Team17 […]
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Uncovering the mysterious side of art pricing. ‘Everyone’s trying to make money’
Tetra Images | Getty Images Attorney J.D. Harriman is skeptical about some of the art market’s sales techniques. “There’s very little genuine information and data on pricing,” he told CNBC via video call. Prices for artworks are “rarely” displayed at galleries, he said. “When [galleries] have a new artist, they’re not going to post prices, […]
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UK Prime Minister Keir Starmer vows to slash regulatory red tape in bid to boost investment
Britain’s Prime Minister Keir Starmer delivers a speech on stage during the International Investment Summit, held at The Guildhall, in central London, on October 14, 2024. Jonathan Brady | Afp | Getty Images LONDON — U.K. Prime Minister Keir Starmer on Monday vowed to slash regulatory red tape to boost anemic investment in the country. “We’ve […]
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Salesforce’s UK chief urges government not to regulate all AI companies in the same way
Zahra Bahrololoumi, CEO of U.K. and Ireland at Salesforce, speaking during the company’s annual Dreamforce conference in San Francisco, California, on Sept. 17, 2024. David Paul Morris | Bloomberg | Getty Images LONDON — The UK chief executive of Salesforce wants the Labor government to regulate artificial intelligence — but says it’s important that policymakers […]
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European markets turn lower after starting the new trading week with positive momentum
A stock trader looks at his monitors in the trading room of the Frankfurt Stock Exchange. Worries about a new coronavirus mutation in southern Africa have dealt a major blow to the German stock market. Arne Dedert | Picture Alliance | Getty Images LONDON — European stocks started the new trading week on a positive […]
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