FTSE 100 slips as UK gets a new PM

Bank of England is yet again under immense pressure to go for another rate hike soon.

UK Market:,The UK market made strong progress on Friday, continuing its gains after yesterday's announcement from chancellor Jeremy Hunt to reverse the tax cuts. At about 1:00 pm GMT+1, the FTSE 100 was nearly 1.20% up, while the FTSE 250 was trading near...

The Commons statement by Jeremy Hunt comprised of information about the medium-term fiscal plan anticipated to be released on 31 October.

UK Market:,The UK market was in an upbeat mood on Friday after it was Kwasi Kwarteng confirmed that he has been sacked as the Chancellor. At around 1:20 pm GMT+1, the FTSE 100 index was trading nearly 1% higher, while the FTSE 250 index was 1.48% higher. ...

Following strong declines in banking and housebuilding stocks, the FTSE 100 index closed at an 18-month low yesterday.

UK Markets:,The UK market was down on Wednesday following the latest numbers on UK's Gross Domestic Product (GDP). At around 1:30 pm GMT+1, the FTSE 100 was down 0.30%, while the mid-cap-focused FTSE 250 was more than 0.60% down. This happened as the late...

UK unemployment rate continues to be at its lowest levels in almost 50 years

UK Market:,The UK market was trading in red as investors were nervous over volatility in the market following the rising borrowing costs for the government. At around 1:30 pm GMT+1, the FTSE 100 index was trading 0.1% lower while the FTSE 250 was trading ...

UK Market:,The UK market was mixed on Friday as investors continued to exercise caution over the country's economic outlook. At around 1:00 pm GMT+1, the benchmark index FTSE 100 was trading 0.15% higher, while the FTSE 250 was down 0.51%. Meanwhile, the ...

brent crude futures remained close to $93 as traders assessed the contentious move of OPEC.