Latest News - Michelle McGagh
FTSE 100 hands back gains as Bank turns hawkish
Bank of England chief economist Andy Haldane joins hawks voting for interest rate rise, boosting the pound but hitting the FTSE 100.
FTSE rebounds as China-US trade fears pause
UK stock market rallies for first time in four days as calm words from China’s central bank regarding country's worsening trade relations with US prompt bargain hunting by investors.
Bank of England needs major shake-up, says Labour
In a bid to ‘reboot’ the economy Labour party lays out plans to expand Bank of England’s remit by targeting productivity as well as inflation.
FTSE spins as trade war, profit alerts take their toll
UK stock market saw red again today as investors concerns grew over the impending US-China trade war and a spate of profit warnings sapped confidence further.
FTSE flounders, pound falls on trade and Brexit fears
Fears over escalating US-China trade tensions continue to depress UK stock market, while pound falls over Brexit concerns. Oil slipped further ahead of a Opec meeting this week.
FTSE extends fall as Trump hits China with tariffs
The UK stock market sank further into the red this afternoon as investor concern deepened over prospect of US-China trade war.
Inflation shock: has the Bank missed the rate rise?
Inflation has unexpectedly remained at 2.4% despite rising oil prices, potentially pushing the next interest rate rise into next year, say experts.
Hack-hit Dixons falls, FTSE rises before Fed rate call
(Update) FTSE 100 see-saws before expected US interest rate rise but Dixons Carphone hit by cyber-attack and logistics group Connect halves on profits warning.
‘Miserable’ house builders push FTSE into the red
The FTSE 100 edged lower with house builders struggling after half-year profits fall at Crest Nicholson but the pound rose on positive jobs figures.
FTSE shrugs off G7 split, manufacturing fall hits pound
(Update) FTSE 100 advances strongly as markets shake off concerns over G7 summit but weak manufacturing figures hit pound with prospect of interest rate rise receding.
FCA Mifid probe should address research 'conflicts'
Fund consultants have welcomed the FCA's investigation into how Mifid II is functioning around five months after the new rules were introduced.
The existential crisis facing wealth managers
A new study underlines the impact artificial intelligence is having on wealth management
Why Speirs & Jeffrey was forced to sell to Rathbones
In a letter to clients, Speirs and Jeffrey chief Russell Crichton outlined why Scotland's biggest wealth manager had to give up 112 years of independence.