Money blog: Another major UK city introducing tourist tax
The pound is trading at $1.22 this morning – a level last seen in November 2023. Elsewhere in the Money blog, Edinburgh is ...
FTSE closes higher as pound falls to 14-month low after bond sell-off
A weak pound ( GBPUSD=X) managed to help the FTSE 100 ( ^FTSE) outperform against its European peers on Thursday, with the currency hitting a 14-month low in early trading. Sterling has lost a cent ...
FTSE 100 Live 09 January: M&S and Tesco shares in retail sell-off, pound posts new fall
M&S and Tesco shares have been hit by heavy selling during another bleak session for UK-focused assets. Sterling weakened to ...
Marks & Spencer Shares Plunge After Warning of a Challenging Environment
Quilter Cheviot's head of equity research Chris Beckett said the increased national insurance costs and broader cost-of-living challenges are expected to eat into measures designed to boost margins.
Live news: Pound weakens to 14-month low against dollar
The pound extended its slide against a resurgent dollar on Thursday morning to hit a 14-month low. The pound weakened 0.7 per cent to $1.23, its weakest since November 2023, as the dollar index, which ...