Thames Water and Altice set to push European high yield default rate to highest since 2008
The default rate in Europe’s €340bn high yield — or junk — bond market will climb to 5 per cent this year, according to a prediction from JPMorgan, the US bank. That is up from a rate of 3.3 per cent ...
Bank of England expected to cut interest rates again as UK economy stagnates
The BoE is also grappling with sagging UK business confidence and surveys point to corporate redundancies. Data suggests the UK economy probably failed to grow in the final months of 2024.