UK retail sales growth holds steady as Brexit day approaches October 17, 2019 Growth in UK retail sales held steady in the third quarter of the year, official figures have shown, as shoppers remained cautious in the run-up to the October Brexit deadline. Read more: UK unemployment rate rises as Brexit fears hit labour market Britons bought 0.6 per cent more goods in the second quarter than in [...]
Eurozone inflation falls to three-year low and below half ECB target October 16, 2019 Inflation in the Eurozone fell to its slowest pace in three years in September, official figures showed today, raising fresh concerns over the direction of the single currency area’s economy. Read more: Falling fuel prices hold UK inflation at three-year low Prices grew at just 0.8 per cent in the year to September, below initial [...]
Tate & Lyle agrees £930m ‘de-risking’ pension deal with Legal & General September 19, 2019 Food and drink ingredient supplier Tate & Lyle has agreed a £930m annuity insurance “buy-in” with Legal and General. Tate & Lyle has transferred its pension scheme so it is underwritten by the financial services giant, which it said would provide “certainty and security” for its affected members. Read more: Tate & Lyle reports flat [...]
Can you Brexit-proof your investment portfolio? September 16, 2019 The future of Brexit is unknown, but investors and traders need to be proactive if they are to avoid any sudden shocks. Here’s how you might Brexit-proof your investment portfolio. The UK hasn’t left the EU yet, but Brexit is already wielding its influence over the financial markets. For the past three years, investors and traders [...]
Eurozone industrial production drops again in July September 12, 2019 Industrial output in the Eurozone undershot expectations and fell again in July, official figures showed today, in the latest evidence of a significant slowdown in the single currency area’s economy. Read more: ECB’s Mario Draghi set to inject stimulus into Eurozone economy Industrial production dropped by 0.4 per cent month on month in July, its [...]
BoE’s Mark Carney says UK now better prepared for no-deal Brexit September 4, 2019 A worst-case scenario Brexit would now have a less severe effect on the economy than previously thought, Bank of England governor Mark Carney has said, although it would still take a big chunk out of UK growth. Read more: Sterling surges above $1.22 as MPs rip up Boris Johnson’s Brexit strategy This is “a direct [...]
Economy on red alert with yield curve close to inversion August 16, 2019 Both the US and UK yield curves are on the verge of inverting. The yield curve has been a reliable predictor of US recessions over the last four decades, less so in the UK. With only one exception, each time the yield curve has inverted, the US economy has entered a downturn within 18 months. [...]
US inflation picks up amid presidential pressure for rate cuts August 13, 2019 US inflation picked up in July as the cost of gasoline and housing rose, raising the possibility the Federal Reserve will hold back from rate cuts in the near future. Read more: Fed cuts interest rates for first time in ten years The US consumer price index (CPI) picked up to 1.8 per cent from [...]
Plenty to digest for Domino’s Pizza investors August 9, 2019 By Graeme Evans from interactive investor. UK trading is robust, but shares in Domino’s Pizza have been pegged back by operational issues. A see-saw year for Domino’s Pizza (LSE:DOM) shares was summed up when interim results highlighted a series of major challenges still facing the fast-food chain. The most serious looking is the ongoing stand-off with some of the group’s [...]
Shop prices fall as retailers tempt customers with discounts July 31, 2019 Shop prices fell this month as retailers attempted to attract reluctant customers with heavy discounting. Prices deflated by 0.1 per cent in July, driven by a 1.2 per cent drop in the price of non-food items such as electricals and clothing and footwear. Read more: Shop price inflation gathers pace in May The fall in [...]