All the updated news related to financial markets

All the news related to financial markets updated in real time

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World

Robinhood cuts 23% of its workforce as fewer users trade

Robinhood Markets has said it is cutting nearly a quarter of its workforce, as crashing cryptocurrency prices and a turbulent stock market keep more customers off its trading app. Chief executive Vlad Tenev said the company, whose easy-to-use app ...

03 Aug 2022 at 16:27

Half of UK’s professionals to look for new job as result of mini-Budget – survey

Half of Britain’s professionals are planning to look for a new job due to fears of rocketing mortgage bills sparked by the Chancellor’s mini-Budget last week, according to new research. A survey of 2,300 workers by jobs site CV-Library found 49....

30 Sept 2022 at 07:28

Truss and Kwarteng to meet with OBR amid market turmoil

Liz Truss and Kwasi Kwarteng will meet with the head of the Office of Budget Responsibility on Friday, in the latest effort by the pair to reassure markets and voters that the economic turmoil of recent days is under control. Treasury and ...

30 Sept 2022 at 00:51

Under pressure Truss and Kwarteng defend tax cuts as ‘right plan’

Pressure continued to pile on Liz Truss and Kwasi Kwarteng on Thursday, after the pair insisted their £45 billion package of tax cuts was the “right plan” to get the economy moving despite chaos on the financial markets and fears of ...

29 Sept 2022 at 22:28

City

Investor appetite for IPOs improving in UK after ‘muted’ year, Peel Hunt says

Investment bank Peel Hunt has said sentiment towards company listings has started to improve in the UK after a quiet year, but that it still expects to report an annual loss. The company reported a “resilient” financial performance ...

03 Apr 2024 at 08:25

City

Virgin Money sees shrinking profits as debt provisions multiply

Challenger bank Virgin Money has reported shrinking profits as it cautioned over a jump in borrowers defaulting on their loans. The lender, which was founded by entrepreneur Sir Richard Branson, said its underlying pre-tax profit ...

04 May 2023 at 12:36

Truss insists mini-budget is the ‘right plan’ despite market turmoil

Prime Minister Liz Truss has insisted the Government’s tax-cutting measures are the “right plan” in the face of rising energy bills and to get the economy growing despite market turmoil sparked by the Chancellor’s mini-budget. ...

29 Sept 2022 at 15:57

Pound rallies in ‘damning’ market reaction to Truss resignation

The pound has rallied on Thursday as financial markets gave a “damning” reaction to the announcement that Prime Minister Liz Truss is stepping down after just six weeks in the job. Sterling shot up to 1.13 US dollars before ...

20 Oct 2022 at 18:42

World

Credit Suisse to borrow £45bn from Swiss central bank after share price plummets

Credit Suisse is planning to borrow up to 50 billion Swiss francs (£45 billion) from Switzerland’s central bank in a bid to boost its liquidity and calm investors a day after the bank’s share price plummeted. Credit Suisse ...

16 Mar 2023 at 03:48

World

US stock market buckles as fears of fallout from tariffs shake markets

Wall Street shuddered and a level of shock unseen since Covid’s outbreak tore through financial markets worldwide on Thursday over worries about the damage President Donald Trump’s newest set of tariffs could do to ...

03 Apr 2025 at 21:35

City

Peel Hunt set for smaller-than-expected loss despite challenging UK markets

London investment bank Peel Hunt said it is set for a smaller-than-expected loss for the past year despite a “challenging” six months. The brokerage is among City firms to have faced pressure from a weak appetite ...

01 Apr 2025 at 09:11

World

Stocks swing wildly as markets try to assess impact of Trump’s trade war

Wall Street is careening through a shocking day of trading on Monday, catapulting from an early drop that had dragged it 20% below its record to a sudden rise, only to revert to losses as worries remain about ...

07 Apr 2025 at 22:51

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