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The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Financial Services

FIVE at FIVE: Interest rate hikes; FTSE 100 closes lower; Musk v Zuck; Bitcoin smashes 30k; Ex-Vodafone boss pay rise

Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news

1. Bank of England hikes interest rate to 5%, 13th rise in a row

Explaining its decision, the MPC said at its previous meeting in early May the market-implied path for the base rate averaged just over 4% over the next three years.

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2. FTSE 100 finishes lower after BoE rate rise

London's key index held its head above the 7,500 mark despite dropping 57 points on the day, closing 0.8% lower at 7,502.

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3. Battle of the Tech Bros: Zuckerberg and Musk throw hands

These two toxic titans of social media each have their own unique physical and mental attributes, which should make for a contest of the body and mind rarely seen in their realm of combat.

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4. Bitcoin smashes past 30k, Ethereum and Shiba Inu in tow

At the time of writing, bitcoin was changing hands at US$30,085, just shy of the yearly high of US$31,000 achieved in mid-April.

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5. Ex-Vodafone boss gets bumper pay rise despite job cuts

Read took home more than £2mln in bonuses in 2023 including £1.6mln worth of shares.

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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK