Chancellor Philip Hammond: Bank of England boss Mark Carney will remain in place until 2020 to ensure Brexit ‘continuity’ September 11, 2018 Bank of England governor Mark Carney will stay in post until the end of January 2020 to "support continuity" during the Brexit process, chancellor Philip Hammond confirmed today. There has been widespread speculation about whether the Canadian economist would extend his time in post, having been due to step down from the role in June [...]
New mortgages hit 10-year high as lending activity grows September 11, 2018 Mortgage lending picked up in the second quarter of the year, with new commitments hitting their highest level in more than a decade amid a bump in the number of first-time buyers coming onto the property market. Read more: London house prices set to hit lowest growth levels since financial crash The value of new [...]
Wage growth jumps in boost to Bank of England ahead of monetary policy decision September 11, 2018 The wages paid to British workers grew at the joint-fastest rate since the summer of 2015 in the three months to July, according to data published today which supports the Bank of England's contention that a tight labour market is finally pushing up pay. Average regular pay, which excludes bonuses, rose by 2.9 per cent [...]
British economy enjoys surprise July jump in activity to record strongest growth in almost a year September 10, 2018 The British economy surprised economists in July as output grew by 0.3 per cent, with a sunny services sector outlook alongside unexpected support from the construction sector contributing to the pick-up. The three months to July saw GDP expand by 0.6 per cent, picking up from 0.4 per cent growth in the second quarter of [...]
Businesses lack information for post-Brexit planning, research says September 10, 2018 Post-Brexit recruitment strategy planning is “at a standstill” as businesses do not have enough information to draw up proposals, according to new data. More than half of UK businesses said they cannot make post-Brexit recruitment strategy decisions based on the information currently available, research by staffing agency Adecco and human resources body CIPD found. Read more: [...]
The winners of the 2018 Wealth & Money Management Awards September 10, 2018 Imperium Investments have received two awards at the 2018 Wealth & Money Management Awards. The company received the title of Best Wealth Management Firm – South-East England. They also received the Award for Excellence in Social Impact Initiatives. Returning for the 5th consecutive year, the 2018 Wealth & Money Management Awards are dedicated to rewarding [...]
Ten events that could move stock markets in the final quarter of 2018 September 7, 2018 As many northern hemisphere investors get their feet back under their desks after the summer break, we look at the key events and themes likely to be on the agenda for September and the fourth quarter of 2018. 1) Global trade negotiations The US and China held fresh, and largely fruitless, trade talks in August. [...]
Ollie Phillips: Leicester need to manage expectations after O’Connor’s departure, Lam has Bristol aiming high and Cipriani pulling strings for Gloucester September 6, 2018 Anyone who plays Exeter away from home first game of the season are always going to be in for a rough ride. But Leicester Tigers’ crushing 40-6 defeat last weekend had far-reaching consequences, with head coach Matt O’Connor sacked just 48 hours later. Typically after one game you don’t change coach. It’s unusual behaviour and [...]
City watchdog Andrew Bailey calls for open financial services trade after Brexit September 6, 2018 The City's top watchdog has urged the EU to remain open to British financial services and warned against a power grab post-Brexit. Financial Conduct Authority (FCA) boss Andrew Bailey said there is a “strong case for the UK and the EU to find each other equivalent on ‘day 1’” of Brexit, letting firms continue to [...]
Is a rise in this niche borrowing a red-flag indicator for the stock market? September 6, 2018 “There can be few fields of human endeavour in which history counts for so little as in the world of finance.” John Kenneth Galbraith On The Value Perspective blog, we have a folder of what we call ‘red-flag market indicators’. It has started to bulge as investor confidence, a decade into an equity bull market, continues [...]