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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.

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