The FTSE 100 closed sharply lower on Friday, 6 November, as global stock markets remained under pressure following a steep sell-off in US technology shares, although a recovery on Wall
London Underground drivers announce eight 24-hour strikes from November
London Underground passengers face significant disruption after the Rail, Maritime and Transport union (RMT) announced eight 24-hour strikes between November 2026 and February 2027, escalating a long-running dispute over proposed
What happened overnight – Friday 6th November 2026
Asian stock markets suffered heavy losses on Friday, 6 November, as fears of a slowdown in artificial intelligence investment triggered a sharp global equity sell-off, following a Wall Street rout
FTSE 100 plunges 166 points as global AI stock sell-off hits London markets
The FTSE 100 plunged more than 1.5% at the opening bell on Friday, 6 November, as a sharp sell-off in US technology stocks spread across global financial markets, sending London’s
Bank of England raises interest rates to 4% for first time in three years
The Bank of England has raised interest rates for the first time since August 2023, increasing the Bank Rate by 25 basis points to 4% as policymakers respond to rising
BoE expected to raise interest rates to 4% for first time in three years
The Bank of England is widely expected to raise interest rates for the first time in three years on Thursday, with financial markets pricing in a 94% probability of a
Virgin Media O2 prepares to cut 4,000 jobs as £22bn debt pile drives major restructuring
Virgin Media O2 is reportedly preparing to cut approximately 4,000 jobs, equivalent to a quarter of its workforce, as the telecommunications giant seeks to reduce operating costs and manage a
Poundland founder warns 30,000 jobs could be lost as retailer faces administration
Poundland founder Steve Smith has warned that as many as 30,000 jobs could be lost if the discount retailer collapses, as a dispute over potential rescue bids intensifies following the
BBC licence fee set to top £200 as millions stop paying
The BBC licence fee is forecast to rise above £200 a year by 2031, despite millions of households abandoning the charge as the broadcaster faces growing competition from streaming services
NatWest cuts 1,000 jobs in three months as AI transformation accelerates
NatWest Group (LON: NWG) has cut 1,000 jobs over the past three months as the banking giant accelerates its adoption of artificial intelligence, bringing total workforce reductions to 1,400 so
Poundland faces administration threat as three directors quit
Poundland’s future has been thrown into further uncertainty after three recently appointed directors resigned in protest over owner Gordon Brothers’ attempts to place the discount retailer into administration, putting approximately
FTSE 100 falls 94 points as HSBC sell-off weighs on London stocks
The FTSE 100 dropped 94 points, or 0.9%, to 10,673 in early Tuesday trading, reversing Monday’s gains as selling pressure weighed on London’s leading shares.