UK economic growth falls to six-year low February 11, 2019 UK economic growth slowed to just 0.2 per cent in the fourth quarter of 2018, new data released today by the Office for National Statistics showed. Quarterly gross domestic product (GDP) growth slowed after a strong third quarter where it grew 0.6 per cent. Annual domestic GDP growth for 2018 was 1.4 per cent, the lowest it [...]
Real household disposable income £1500 a year lower than pre-referendum forecast February 11, 2019 UK household incomes are around £1500 lower than they were expected to be before the Brexit referendum, new analysis shows. The UK has seen the sharpest income growth slowdown of any economy covered by the Organisation for Economic Cooperation and Development, while global growth has outperformed pre-Brexit vote expectations, according to data published this morning [...]
US officials head to Beijing to resume trade talks as deadline for tariff war looms February 11, 2019 Asian markets finished with mixed results this morning while the FTSE 100 had an early rise, as investors looked forward to the reopening of trade talks between the US and China this week. A delegation of US officials, including Treasury secretary Steve Mnuchin, head to Beijing today for the next round of negotiations, but investors’ [...]
Euronext improves offer for Oslo Bors exchange as it tries to beat out Nasdaq February 11, 2019 Pan-European stock market operator Euronext raised its offer for Norwegian counterpart Oslo Bors today, as it doubles down in a bidding war against rival Nasdaq. Boosting its per-share takeover offer from 145 Norwegian kroner to 158 Norwegian kroner (1,295p to 1,411p per share), Euronext has given Oslo Bors until 11 March to make a decision. [...]
Chancellor needs to find extra billions to end austerity February 11, 2019 The chancellor Philip Hammond will have to find billions of pounds to prop up public spending to deliver on promises of ending austerity. According to a report from think tank the Institute of Fiscal Studies (IFS), over the four years from 2019-20 to 2023-24, Hammond would need to find a further £2.2bn to avoid cuts [...]
10 shares to generate £10,000 income in 2019 February 11, 2019 | City Talk Four years ago, we asked how much an individual would need to invest in order to generate an annual income of £10,000 from corporate dividend payments. Rising yields have allowed us to reduce the amount each year and still meet the income objective, but 2018 proved a stiffer test and requires some explaining. First, big [...]
Beware the hunter gatherer inside of you February 11, 2019 | City Talk There is a risk that we behave like Stone Age hunters rather than investors. Moira O’Neill explains how to avoid this common problem and achieve better results. To be a successful investor, you must buy low and sell high. Unfortunately, most people allow their emotions to get the better of them and instead, they buy [...]
Bidders circle as Perenco looks to sell its southern North Sea oil fields February 11, 2019 Anglo-French oil company Perenco is considering a sale of parts of its UK portfolio in what would be one of the biggest deals in the North Sea for years. The company said it is reviewing its options in the southern North Sea, 16 years after first entering the basin. Read more: Private equity to snap [...]
The Democrats’ rising star is borrowing policies from Ned Flanders February 10, 2019 The rockstar of the Democratic party, Alexandria Ocasio-Cortez, published House Resolution 109 of the 116th Congress last week, an ambitious non-binding resolution dubbed the Green New Deal, and over the weekend economists and academics went over it line by line. The historian Niall Ferguson summed up much of the hostile reaction: “This is what you [...]
Finance minister insists German economy ‘not in crisis’ despite growth slowdown February 8, 2019 German finance minister Olaf Scholz attempted a spirited defence of his country’s economy today, insisting it is “not in crisis” despite weakening growth. Angela Merkel’s finance minister rejected claims Germany is heading for a recession and played down the Eurozone powerhouse’s economic troubles on a rare visit to London. Read more: Irish backstop 'not a trick' [...]