Author: News Desk

UK economy off to promising start in 2024 as business activity rises again The UK economy’s private businesses are picking up speed for the third month in a row, and a new survey indicates that business confidence is at its highest since May last year. The S&P Global/CIPS flash UK purchasing managers’ index (PMI) is a survey that checks how well businesses are doing. In January, it showed a score of 52.5, up from 52.1 in December. If the score is above 50, it means businesses are growing. Economists thought it would be 52.7 this time. The survey found that…

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London still number one financial centre in the world despite listings pain London is still the top global financial centre, according to a new report from the City of London Corporation. Despite worries about the city’s stock markets, London holds its position due to strengths in sustainable finance, talent, and skills. The report, comparing cities worldwide, found that London’s success is partly because of its strong performance in sustainable finance, as well as its talented workforce. However, the city experienced a drop in capital markets activity and assets under management over the past year. Although London’s overall competitiveness score slightly…

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