Debenhams has seen profits slump, if the latest survey is anything to go by, UK retail is suffering its worst decline since 2009, but once again Amazon gives a lesson to the retailers that were making big bucks when its boss, Jeff Bezos, was still a little boy.
Posted on 27th October 2017 in City News.
The UK economy did better than expected in the third quarter, instead of growing really slowly, it just grew slowly. Now pundits are suggesting a November hike in interest rates is a foregone conclusion, and much to the consternation of economists who fret that the economic recovery may be stopped, in its tracks.
Posted on 26th October 2017 in City News.
A Saudi Prince has likened bitcoin to Enron, another senior banker has joined a long list of bitcoin cynics, while one of the leading players in Fintech has told Fresh Business Thinking that bitcoin is a solution looking for a problem. But maybe initial coin offerings are an even bigger bubble.
Posted on 24th October 2017 in City News.
There was good and bad news on the UK economy this week.
Posted on 18th October 2017 in City News.
Before the Brexit vote and in the immediate aftermath, the UK was one of the stars of the G7, now it is at the bottom.
Posted on 16th October 2017 in City News.
The chaos in Catalonia is a wake-up call for global investors, warns the boss of one of the world’s largest independent financial services organisations.
Posted on 11th October 2017 in City News.
The UK economy is stronger than we thought, but a question still hovers. If UK interest rates are set to rise, can indebted households survive higher interest rates?
Posted on 2nd October 2017 in City News.
Sterling has reversed weeks of falls in just a few days, is this the markets saying: “we believe in the UK?” Are they saying: “We think the UK is set for a good run?” Forget about Brexit, the UK looks good?”
Posted on 18th September 2017 in City News.
It didn’t say much that was different, but it was enough all the same. On September 15th 2017, ten years and a day on from the Northern Rock collapse, the UK economy suddenly looks very different.
Posted on 15th September 2017 in City News.
The extraordinary rate of growth of UK consumer debit has become a ‘serious problem’ according to a group of the world’s leading experts in credit. The group also suggested a soft rather than hard Brexit and restricting lending criteria could improve financial stability.
Posted on 13th September 2017 in City News.