LONDON, Oct 27 (Reuters) - British gilt yields surged to a post-Brexit peak on Thursday, after data showed the economy had grown faster than expected in the third quarter, reducing the chances of an interest rate cut in the near term.
THE City of London is fretting about Brexit, especially about talk of a “hard Brexit” that takes Britain out of the European Union's single market.
Barclays has reported a mixed set of results, including a fall in profit in its core divisions because of another �600m PPI bill.
Andrew Bailey, the new head of the Financial Conduct Authority, has launched a consultation to determine what the regulator is for.
Misys has become the latest victim of a weak European IPO market, with the UK financial software group abandoning plans for a multibillion pound IPO as it failed to convince investors it had strong growth prospects in the current climate.