Impact of Announcement on Share Price, Investor Concerns, and Strain on Low-Income Borrowers

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This chapter explores the influence of company announcements on share prices, including the selling of shares by the founder's family trust. It also delves into investor confidence in the Chinese growth story and the challenges faced by China tech, before discussing the Bank of England's interest rate increases and their impact on low-income borrowers.

More than half of low-income UK households with mortgages have fallen behind on one or more of their bills and Alibaba disappointed investors after announcing that it ditched plans to spin off its cloud business. Plus, the FT’s Stephen Foley talks about EY’s new leader Janet Truncale and how she might steer the accounting firm.

Mentioned in this podcast:

Alibaba ditches plans to spin off cloud business and list supermarket

EY picks Janet Truncale as the first woman to lead a Big Four firm

Low-income borrowers hit hardest by Bank of England rate rises

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Manuela Saragosa, Josh Gabert-Doyon, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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