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BankingBank of England to Hike by 75 Bps on Nov. 3 but May Go Bigger – Reuters Poll
Top StoriesPolitical Chaos Tips British Firms Into Deeper Slide – PMIs
Top StoriesHalf of Britons to Spend Less This Christmas – Kantar
Top StoriesEuro Zone October PMI Adds to Evidence Bloc Is Heading for Recession
Most British Adults Struggle With Bills, Watchdog Says
Date: October 21, 2022
LONDON (Reuters) – Nearly 32 million people, or 60% of all UK adults, are finding it a heavy burden or somewhat of a burden to pay their bills as a cost of living crisis bites, a watchdog said on Friday. The Financial Conduct Authority’s (FCA) latest Financial Lives survey said the total was up 6...
Sentiment in UK Finance Falls at Fastest Pace Since 2019, Survey
Date: October 13, 2022
LONDON (Reuters) – Britain needs to restore stability to its finances to help reverse the fastest drop in financial sector sentiment in three years, a survey by business body CBI and consultants PwC said on Thursday. Profitability growth in the sector remains robust and is expected to increase at a faster pace in October to...
Digital Deficit: New Study Reveals That Leadership Gaps Risk Blocking UK Financial Services’ Tech Ambitions
Date: October 11, 2022
Financial services organisations looking to break ahead in a hotly contested digital space are being thwarted by myriad leadership issues – according to a groundbreaking new study. The research conducted by Vanson Bourne, on behalf of digital product consultancy Elsewhen, looked at digital progression through the lens of 200 UK decision-makers across sectors including financial...
Bridging Loans Become Vital Resource for Property Flipping
Date: October 6, 2022
For thousands of UK investors, property flipping has become an exceptionally profitable business. According to a new property flipping survey, almost two-thirds of recent property flippers made profits of between £10,000 and £75,000, compared with just 1 per cent who made a loss. While half of investors financed their flips through savings and around a third...
Euro Zone Likely to Endure Recession as Downturn Deepens
Date: October 5, 2022
By Jonathan Cable LONDON (Reuters) -The drop in euro zone business activity deepened last month, a survey showed, probably extinguishing any hope the currency union would avoid recession just as elevated inflation puts pressure on the European Central Bank to act. Businesses and consumers are wary of spending as the region heads into the winter...
Italy’s Services Sector Contracts in Sept -PMI
Date: October 5, 2022
ROME (Reuters) – Italy’s services sector contracted in September after reporting modest growth the month before, a survey showed on Wednesday, as surging costs and uncertainty hit client demand. S&P Global’s Purchasing Managers’ Index (PMI) for Italian services fell to 48.8 in September, from 50.5 in August and below the 50 mark that separates growth...