Pound wobbles as UK GDP growth is revised lower for the second quarter September 30, 2015 Mixed news from the Office for National Statistics, after its final estimate of UK GDP held second-quarter growth at 0.7 per cent, but revised year-on-year growth for the quarter down to 2.4 per cent, from the 2.6 per cent it originally thought. The pound fell to a five-month low against the US dollar to $1.51 [...]
Global markets on track for worst quarter since 2011 September 30, 2015 The commodity price rout, fresh concerns over the Chinese economy as well as its shock devaluation, and the prospect of the first interest rate rise from the US Fed since 2006 are some of the factors which made this summer a white knuckle ride for investors. Given this, it's hardly surprising that global markets are [...]
Nationwide: Annual UK house price growth edges up September 30, 2015 Annual UK house price growth rose in September for the first time since May, figures by Nationwide have shown – although the figure was a far cry from the same period this time last year. Prices rose 3.8 per cent in the year to September – up from August's 3.2 per cent, but considerably lower [...]
UK house prices: Home lending mortgage products reach post-crisis high September 30, 2015 The number of mortgage products on the market for homebuyers to choose from are at their highest level since 2008, as competition among lenders intensifies, new figures show. A total of 15,838 mortgage products were available in August, up 10 per cent on July when there were 14,395 products and the biggest monthly percentage rise [...]
European M&A at highest levels for eight years September 30, 2015 M&A deals are getting bigger and better as a set of data shows their value is rising even as their numbers are falling. According to research from law firm CMS, the value of deals in the first half of 2015 was at its highest level since 2007 – up 17 per cent – from 14 [...]
UK consumers’ confidence hit by school return September 30, 2015 Consumer confidence in Britain has taken a knock in the past month due to back-to-school blues, according to German-based market research company GfK. The index, released today, measuring changes in personal finances during the past 12 months has decreased by two points this month to one, but still nine points higher than September 2014. The [...]
Panmure Gordon share price: Greece and China chaos hit Panmure profit September 30, 2015 Panmure Gordon announced yesterday it had made a loss of £200,000 in the six months to 30 June, compared with profits of £2m in the same period last year. Despite an increase in clients, and a six per cent rise in commission and trading income, to £5.7m, the investment bank reported a loss per share [...]
Bank of England governor Mark Carney warns of financial risk posed by climate change September 29, 2015 Bank of England (BoE) governor Mark Carney has warned the City of climate change's threat to economic stability. Read more: Tackling climate change is possible without hindering economic growth Carney used a speech at a Lloyd's of London dinner to give a stark warning of the huge risks to financial security posed by global warming. [...]
UK retail sales beat forecasts in September, reports Confederation of British Industry September 29, 2015 UK retail sales grew at a faster pace than expected in the year to September, with firms expecting business to pick up pace in the run-up to Christmas, research shows. Of the 119 firms polled by the Confederation of British Industry (CBI) distributive trades survey, 55 per cent expect sales volumes to increase in the [...]
Eurozone confidence hits four-year high as Greece worries diminish September 29, 2015 Economic confidence in the Eurozone hit its highest point in over four years this month, according to data released by the European Commission. The bloc's Economic Sentiment Indicator (ESI) reached 105.6 points in September – an increase of 1.5 points from August's figure of 104.1. This puts confidence in the economy at its highest [...]