Source: Sharecast
The chief executive officer of Greek-based metals and energy outfit Metlen has said ahead of his company's listing in London that the London Stock Exchange is set make a comeback. In his judgement, the City remains the premier financial centre in Europe after Brexit. The £6bn company makes 10% of its revenues in Britain. Among the CEO's goals is Metlen's eventual inclusion in the FTSE 100. - The Sunday Times
Consensus is that rate-setters at the Bank of England will announce an interest rate reduction after they meet this week in order to buttress economic activity against rising joblessness and the impact of Donald Trump's latest round of trade tariffs. Financial markets are implying a greater than 80% chance of a 25 basis point reduction in Bank Rate to 4.0%. A further 25bp cut is anticipated before the end of 2025. - Guardian
Investors in the City will be closely watching shares of those lenders who are most likely to be pressured to make compensation payments to consumers who bought vehicles on credit. That follows news that the financial regulator is planning to create a redress scheme of up to £18bn. The biggest providers of motor finance in the UK include Close Brothers, Lloyds Bank, Barclays and the controlling group of Santander UK. - Sunday Times