Michael Hunter

Markets reporter

<p>How long is too long for a 16-year peak ion interest rates to hold? Wednesday’s CPI will offer clues to Andrew Bailey and the BOE policy makers</p><p>June (Yui Mok/PA)</p>
Business

City stands by for clue on rate cut from 'momentous' inflation data

CPI set to fall to the brink of the Bank of England’s official 2% target

20 May 2024
<p>The City was basking in a rare glow of “genuinely strong” economic news today as Britain powered out of recession at a far quicker pace than expected</p>
Business

'Finally a good news story for UK': GDP growth fastest in two years

The City was basking in a rare glow of “genuinely strong” economic news today

10 May 2024
<p>Hopes are growing that a Bank of England interest rate cut will breathe new life into the house market </p><p>(Yui Mok/PA)</p>
Business

House market showing signs of life says property portal Rightmove

The website where house hunters often take their first steps expects over 1 million transactions this year with prices up almost 2%

10 May 2024
<p>A slowdown in car production is expected to weigh on the manufacturing sector as economic data looms</p><p>(Ian Forsyth/PA)</p>
Business

Recession set to end, but weak growth will add to rate cut calls

Quarterly expansion of 0.4% will make period of contraction shallow and short but strong growth remains elusive

9 May 2024
<p>Mortgage holders, house hunters and City markets are looking for pointers from BOE policymakers, including Governor Andrew Bailey, on the timing of a rate cut</p>
Business

Bank of England to offer clues on interest rate cut timing

Mortgage holders, house hunters and City traders on watch for pointer to a June rate cut

7 May 2024
<p>(Nicholas.T.Ansell/PA)</p>
Business

BP plans cost cutting alongside multi-billion payday for investors

New CEO at FTSE 100 oil multinational points to $2 billion in ‘cash cost savings’

7 May 2024
<p>Shelling out: FTSE 100 stalwart to pay out $3.5 billion more to investors</p><p>(Anna Gowthorpe/PA)</p>
Business

Shell profits come in at £46,000 a minute

Energy multi-national faces wave of anger from campaign groups but defends its low-carbon spending plans

2 May 2024
<p>Card Factory has over 1,000 stores nationwide and around 20 in London</p>
Business

Mam's the word as dialect greetings help Card Factory break records

Regional variations help customers tune into greetings from chain with a market value of £370 million

30 Apr 2024
<p>One of the main ways to keep track of City news goes back to before the Big Bang reforms </p><p> (Ian West/PA)</p>
Business

Shop window on London company news nears milestone in M&A frenzy

Investegate offers private investors access to corporate news on a ‘level playing field’, new boss John Blowers says

28 Apr 2024