All Banking, Finance & Grants articles – Page 4

  • News

    UK markets drop on stimulus announcement

    2020-03-18T15:00:07Z

    Image: David Iliff Stock prices in the UK took another tumble today (Wednesday) despite the Chancellor's £330 billion plus support package for businesses. The FTSE 100 slumped more than 5% in morning trading before recovering slightly by mid-afternoon. Travel, housing and aerospace firms saw the biggest falls. Meanwhile, the ...

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    News

    Carphone Warehouse to close standalone stores

    2020-03-17T16:14:29Z

    Carphone Warehouse has announced it will close all of its 531 standalone stores, resulting in nearly 3,000 job losses. The mobile phone retailer said it was not because of the Coronavirus outbreak, stressing it was due to changes in the mobile phone market. It will continue to operate within 305 ...

  • News

    Financial market 'Fear Gauge' hits record high

    2020-03-17T09:28:37Z

    A key measure of volatility in stock markets, known as the "Fear Gauge", has risen to record levels amid continued falls in share prices. Some global markets have seen five of the largest single-day falls within the past month. The US' Dow Jones Industrial Average closed 13% down on Friday's ...

  • News

    New Bank of England governor promises 'prompt action'

    2020-03-16T12:29:21Z

    Image: Alex Guibord The new governor of the Bank of England has promised to take "prompt action again" to limit the damage to the economy caused by Coronavirus. Andrew Bailey, who replaced Mark Carney as the head of the UK's central bank on today (Monday), was speaking after the ...

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    News

    Stock markets plunge despite central bank stimulus

    2020-03-16T09:37:01Z

    The world's major stock markets have continued to fall sharply today (Monday) despite a co-ordinated effort to reassure investors by central banks. Early trading saw the FTSE 100 drop more than 7%, along with Germany's Dax index, with France's Cac 40 falling as far as 9%. Central banks in the ...

  • News

    Whitbread to sell Costa

    2018-04-25T09:40:08Z

    Image: Whitbread Whitbread is bowing to investor pressure to spin-off its Costa Coffee subsidiary within two years. When you think of Whitbread what do you think of? There is a good chance its beer. There is a good reason for that. The company was founded in 1742 when ...

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    News

    UK falls to last place in G7 growth table, but there is some good news

    2018-02-23T08:43:33Z

    UK economy was relegated to seventh place in the G7 league for 2017, but some hope was revealed in the latest data. The data is out, and at first glance it tells a sorry story. The stats recording changes in UK GDP in Q4 have been revised. It turns out ...

  • News

    FED sounds interest rate warning

    2018-02-22T08:46:41Z

    The recent sell-off in stock markets seems to have occurred because of fears that the recent run of strong data on the US economy may precipitate more hikes in US interest rates than previously expected. Yesterday, the FED (US central bank) spoke, and the fears seem to have been confirmed. ...

  • News

    Productivity surges, wages may be set to jump

    2018-02-22T08:44:25Z

    Data and surveys show that productivity is rising at last and wages may be set to jump. Is the economy finally getting the tonic it needs? The headlines focus on the negative. But it wasn’t that negative. In the three months to December, UK unemployment increased from 4.3 per cent, ...

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    News

    UK was the slowest growing economy in the EU in 2017

    2018-02-15T08:15:52Z

    The data is in, for UK plc, it is by no means a disaster, the figures are not awful – but it is clear, amongst all the EU countries for which we have data, the UK was the slowest growing economy in the EU last year. In fairness, it should ...

  • USA
    News

    US inflation figures rip into hopes of economic boom

    2018-02-15T07:58:37Z

    Deposit Photos The latest figures on US inflation are out, and they add substance to the fears that underpinned recent falls in stock markets - the data may point to a significant change in the US economy. Interest rates are going up, short of something surprising happening, we ...

  • News

    Markets squirm with the return of uncertainty

    2018-02-12T08:05:29Z

    It’s been quite the start to the year: with stock markets beginning 2018 as they finished 2017, setting new records, then tumbling, then recovering a little, then falling some more. One underlying driver sits behind it all. Banks create money – it is an aspect of the modern economy that ...

  • News

    Interest rates set to rise faster than expected, so is growth in economy.

    2018-02-09T10:55:19Z

    Super Thursday was not that super, but higher interest rates are coming sooner than we thought. One Thursday every three months is super - at least it is if you take an economics perspective of the world. It is the day when the Bank of England’s monetary policy committee (MPC) ...

  • News

    Markets stage slight recovery, was stock market tumble a storm in a very expensive tea cup?

    2018-02-07T09:57:39Z

    Recent stock market falls are nothing to be worried about, we are told, normal service is about to be restored, as markets regain their upwards trajectory, but is such a view right? There is at least one good reason to think it isn’t. A narrative has emerged that the falls ...

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    News

    UK economy lags again

    2018-02-06T09:20:17Z

    Deposit Photos At the end of last year, there was good news on the UK economy, which saw a reasonable pick-up in the final quarter. But what happened in January? Did the good news continue? Brace yourself for some shocking news. The story of 2017. In 2016, the story ...

  • News

    Crash, bang, but will markets go wallop or begin another dollop of or good news?

    2018-02-06T09:10:57Z

    The latest purchasing managers indexes tracking the US economy are out, and they are good, really good. Yet stock markets tumble. What is going on? Last year, stock markets hit new record highs with such gay abandon that it became tedious. The last few days have been far from that. ...

  • News

    Markets take fright over good news out of the US

    2018-02-05T08:42:10Z

    Deposit Photos The latest report on US employment was a humdinger, but stock markets across the world saw their biggest falls in over a year in response.Alan Greenspan, chair at the US Federal Reserve for 19 years, up to 2006, once said that it the job of a central ...

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    News

    Apple, Alphabet, Amazon, Facebook: who will win the race to $1 and $2 trillion? The answer may surprise you

    2018-02-02T09:51:57Z

    The latest results from Apple, Alphabet/Google, Amazon, Facebook and Alibaba are in. Who will win the race to $1 trillion, who will win the race to $2 trillion? Let's cut to it, here are the latest results from the four companies in the latest quarter, revealed this week: revenue, in ...

  • upanddown
    News

    House prices rise as manufacturing falls

    2018-02-02T08:40:28Z

    Deposit Photos UK house prices surged in January, but falling domestic demand led to a fall in manufacturing growth. Drill down and the pound has a lot to do with it. The post Brexit falls in the pound eventually forced UK inflation to rise, meaning that real wages fell. ...

  • News

    More bloomin booming economies

    2018-01-25T10:27:41Z

    Another week, another load of economic data - and it’s good, really good As the US President, un-characteristic of him, who is normally shy about pointing to his successes, prepares to wow the Davos glitterati with his boasts about the US economy, the latest data is unequivocal - it is ...