Manufacturing orders fall at fastest pace in three years as Brexit uncertainty bites October 23, 2018 British manufacturing orders fell at the fastest pace since 2015 in the third quarter as uncertainty over a Brexit deal continued, according to the latest statistics from the Confederation of British Industry (CBI). The organisation said the “sobering” set of figures required “immediate action at home and abroad” as it revealed that a net 6 [...]
Online trader Plus500 boosts expectations despite revenue hit and regulatory crackdown October 23, 2018 Online trader Plus500 has increased its traders and expectations for the year despite a regulatory clampdown and low market volatility affecting revenue. The trading platform reported that revenue in the three months to 30 September dropped 14 per cent on the previous year to $100m due to new European Securities and Markets Authority (ESMA) regulation [...]
Sterling could certainly tank, but it won’t be due to Brexit October 23, 2018 Surely here’s only one way the British pound can trade in the coming months. Currency experts are anxiously fixated on what the final details for Brexit will look like. But it seems simple to me: if it’s good, it’s good – and if it’s bad, the country will soon make it better. What does this [...]
How to capitalise on the electric car revolution October 23, 2018 Electric vehicles have existed since 1828, and yet their prevalence in popular society has remained the stuff of science fiction for more than two centuries. It’s only recently that electric cars have become commonplace, helped partly by government policies – such as the planned ban on the sale of new petrol and diesel vehicles by [...]
The power of choice: Why May must back flexible right to buy October 23, 2018 He may not be well-known now, but former MP Noel Skelton probably had one of the most profound impacts on the guiding philosophy of the Conservative party. His series of pamphlets in the aftermath of the First World War explained clearly how the expansion of education and political rights, without the same expansion of economic [...]
British household savings declined in October October 22, 2018 British household savings declined this month as salary growth slowed to the weakest rate in eight months, according to a survey of household finances. The IHS Markit Household Finance Index declined to 45.1 in October from 45.7 the previous month, signalling increased pessimism by UK households towards their financial situations. Read more: Goldman Sachs enters British savings [...]
Italy claims its budget plans won’t hurt the EU’s financial wellbeing October 22, 2018 Italy’s expansionary budget will not risk the EU’s financial health, the country claimed today as it seeks to counter Brussels’ criticism of its latest spending plans. Economy minister Giovanni Tria wrote to the European Commission to say that the public spending outlined in Italy’s budget are crucial in order to kick start economic growth in [...]
Travel group Intosol floats in London amid efforts to raise funds for South African expansion October 22, 2018 German-based luxury holiday travel company Intosol is floating on the London Stock Exchange today, as it looks for capital to expand its South African boutique hotel business. Intosol, a high-end travel firm headquartered in Hannover, is listing on London’s main market to fund the acquisition of several hotel sites in South Africa, including a commercial [...]
FTSE round up: Unilever boosts index as Easyjet sinks October 19, 2018 The FTSE 100 closed up 0.8 per cent for the week on after climbing to 7,051.41 today on the back of strong performances from consumer goods companies Reckitt Benckiser and Unilever. Unilever’s shares were up 3.11 per cent, reversing yesterday’s losses which followed it delivering a solid, but slightly underwhelming set of third quarter results. [...]
Daimler issues profit warning and shares plunge October 19, 2018 German car maker Daimler issued its second profit warning in four months today, sending its shares to a five-year low. The Mercedes-Benz owner said costs from “government proceedings and measures in various regions” affecting its diesel vehicles were to blame. Read more: Daimler names new CEO It said it now expects its full-year earnings before [...]