{"id":10379,"date":"2026-07-06T00:19:45","date_gmt":"2026-07-06T00:19:45","guid":{"rendered":"https:\/\/stock999.top\/?p=10379"},"modified":"2026-07-06T00:19:45","modified_gmt":"2026-07-06T00:19:45","slug":"financial-services-activity-dips-in-second-quarter-daily-business","status":"publish","type":"post","link":"https:\/\/stock999.top\/?p=10379","title":{"rendered":"Financial services activity dips in second quarter \u2013 Daily Business"},"content":{"rendered":"<p>            <\/p>\n<p>Financial services have taken a hit (pic: DB Media Services)<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">Business volumes in the financial services sector dropped at a rapid pace in the three months to June, following a temporary recovery in Q1, according to the latest CBI survey on the sector.\u202f<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">The quarterly poll also found that sentiment among FS firms fell, as profitability contracted at a steep rate over the period. Despite the weakness in business conditions, headcount in the sector rose for the first time since June 2024.\u202f\u00a0<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">Looking ahead, FS firms expect business volumes to decline at a slower, but still firm, pace next quarter. <\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">Over the year ahead investment in IT is expected to improve to their strongest in nearly five years, but over half of firms cited inadequate net return as a likely factor to limit overall capex plans \u2013 the highest proportion since September 2022.\u202f\u202f<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">Louise Hellem, CBI chief economist, said:\u202f\u00a0\u201cThe political transition underway must not slow delivery of the government\u2019s financial services growth and competitiveness strategy at a time when activity has deteriorated and firms are facing a more uncertain outlook. <\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">\u201cMaintaining momentum on reforms \u2013 including continuing work with the FCA and PRA to deliver a more growth focused regulatory framework \u2013 will be essential to strengthening the UK\u2019s competitiveness and supporting investment. <\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">\u201cThe forthcoming Mansion House speech provides an important opportunity to boost confidence in the reform agenda by demonstrating progress already made and setting out clear next steps for delivery.\u201d<\/p>\n<p>           \t            #Financial #services #activity #dips #quarter #Daily #Business<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Financial services have taken a hit (pic: DB Media Services) Business volumes in the financial&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[7],"tags":[13504,272,16365,306,6350,121,1935,2841],"_links":{"self":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts\/10379"}],"collection":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10379"}],"version-history":[{"count":0,"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts\/10379\/revisions"}],"wp:attachment":[{"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10379"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10379"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10379"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}