10-year UK gilts are close to a 15-year high

The cost of UK state borrowing is close to a 15-year high – levels seen only twice since the global financial crash. The amount the UK government has to pay – the yield – to borrow money for 10 years via its benchmark 10-year bonds – known as...

Retail sales slide across Great Britain

Retail sales volumes fell by 0.9% in September 2023, following a rise of 0.4% in August 2023, new figures from the Office for National Statistics show. That’s worse than expected – economists had forecast a 0.2% monthly fall. On an annual basis, sales volumes were 1%...

Real estate leads UK stocks fall

London stocks closed down on Wednesday with real estate stocks hitting over a month’s low after Jefferies said the capital city’s office market was in “rental recession” and Ithaca Energy gained on a UK nod for the Rosebank oil and gas field....