Sun Jun 2, 2024 7:29 PM EDT CNBC Pro: Profits at these five global banks will remain high despite an ECB rate cut, Berenberg says Despite a rate cut expected this week, profits at a handful of major European banks will remain robust, according to Berenberg. One of the lender’s shares could rise more than … Read more
His comments come as European Central Bank officials are expected to confirm a rate cut at their meeting today. It will be their first in over five years. READ MORE: Unite strengthens Scottish rebellion against Labor over oil jobs According to the SNP analysis, the decision to keep the base rate at 5.25% in May … Read more
Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. The euro zone will get a much-needed economic boost on Thursday, when the European Central Bank is expected to cut interest rates for the first time in almost five years. The size of the boost … Read more
Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. The European Central Bank has sent a clear signal that it will cut interest rates from their historic highs next week, with its chief economist dismissing fears that this would happen before the US Federal … Read more
Experts have unveiled a 12-point plan to boost the rollout of electric vehicle charging infrastructure in the UK. ChargeUK, Britain’s electric vehicle market leader, has published its election manifesto, calling on the next government to accelerate plans to install more EV chargers. ChargeUK has publicly committed to investing more than £6 billion by 2030 to … Read more
Image source, Getty Images Item information Author, Faisal Islam and Nick Edser Role, Economics editor and business reporter, BBC News May 21, 2024 The International Monetary Fund (IMF) has recommended that UK interest rates should be cut to 3.5% by the end of next year. Such a move could see the Bank of England cut … Read more
MCDONALD fans have called for a “game changer” menu item to make the chop permanent. The home of the Big Mac is shaking up its menu next week with eight items being added to the offering. 1 McDonald’s is eliminating twelve menu items starting next weekCredit: Getty Fans can pick up a new burger, Skittles … Read more
According to reports, second class mail will be reduced to just three days a week when billionaire Daniel Kretinsky completes his £3.5 billion takeover of Royal Mail. The businessman, nicknamed the ‘Czech Sphinx’ because of his inscrutable nature, plans to take Britain’s 500-year-old postal service fully into foreign hands for the first time. But the … Read more