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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

Finance

FIVE at FIVE: Bank of England hikes rates; Royal Mail abandons workers deal; banks face reserves pressure; Kraken founder steps down

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

1. BoE hikes interest rates by less than expected

But the vote amongst the nine members of the MPC was by no means unanimous, with a five-four split in favour of hiking by 50 basis points to 2.25%.

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2. Royal Mail to abandon historic workers deal

The FTSE 250-listed group outlined its desire to scrap workplace agreements with staff that have been in place since the company was privatised nine years ago

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3. Lloyds and other lenders face government clampdown

The government may introduce "interest on reserves" say analysts

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4. FTSE 100 closes firmly in red

On the day the BoE raised rates, the UK's index of leading shares finished the day down around 78 points, or 1.08%, at 7,159.52.

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5. Kraken founder Jesse Powell steps down as CEO

Powell has been a major part of the crypto ecosystem since the early days, having founded Kraken in 2011, only two years after the creation of Bitcoin.

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