Shares in Debenhams leapt this morning on solid annual results. But analysts are still waiting to see what the new chief exec will do October 27, 2016 Department store Debenhams' share price headed north by nearly four per cent this morning after revealing a decline in full year profits that still beat analyst expectations. The figures Gross transactional values, basically the company's sales before taking into account discounting, were up by 1.3 per cent to £2.9bn. However revenues – what it says on the [...]
Tesco chairman John Allan admits prices WILL go up due to weak sterling and higher inflation October 25, 2016 John Allan, the chairman of Tesco, has admitted that prices will increase at supermarkets if the pound stays at its current level. The chain temporarily pulled some of its products, including Marmite and PG Tips, from its online stores earlier this month after its supplier, Unilever, demanded a 10 per cent increase in prices due to [...]
What the rise of populism means for your investments October 25, 2016 "Fruitcakes, loonies and closet racists” was how David Cameron described members of Ukip in 2006. A decade later, Ukip has achieved its principal ambition of a Brexit vote and Cameron is no longer a politician. The growth in support for populist political movements across Europe and other developed economies has been rapid. Founded just six [...]
The devil you know, the devil you don’t: How to protect your investments whoever wins the US election October 25, 2016 As polling day draws near, it is regrettable that the contest to become the 45th President of the United States has been more about personality than policy. The campaign has been distinguished on one side by preposterous promises to suspend the entry of Muslims into the country and build a hard border with Mexico, and [...]
The Brexit rally is less fragile than it looks October 19, 2016 The performance of UK shares has generally confounded most strategists. Since the vote to leave the EU in June, UK savers have enjoyed returns of close to 15 per cent. While the weakness of sterling has eaten most of those returns for overseas investors, we are in a much better place than many were predicting in [...]
The White Horse review: A welcome return to the City for this well-loved gastro-boozer October 18, 2016 A traditional and rural looking pub that’s seemingly been airlifted from somewhere deep in the Sussex countryside and then dropped into a leafy square near Liverpool Street, the White Horse reopened earlier in the year after a full refurbishment. The new look sheds some of its rustic-chic charm in favour of clean, modern lines and [...]
Wine prices could go up by more than 29p a bottle due to Brexit October 18, 2016 Wine from the EU could increase by an average of 29p per bottle as a direct result of Brexit, drinkers have been warned. The latest statistics from the Wine and Spirit Trade Association show that an average bottle coming from within the EU could go up by 29p, and those from outside the EU could go [...]
Inflation surges to two-year high as economists warn of huge price hikes October 18, 2016 Prices are rising at their fastest pace in nearly two years as sterling's dramatic post-referendum demise looks set to bite consumers over the coming months. Inflation came in at one per cent in September on the consumer prices index (CPI), the Office for National Statistics (ONS) declared this morning – a big leap from the 0.6 per [...]
Government’s Brexit dance is maiming the pound October 18, 2016 Inflation is coming to eat the pound in your pocket. Today, data for September is expected to show that prices in the UK rose by an annual 0.9 per cent rate, up from 0.6 per cent in August, driven by energy and food prices. However, the full impact of the recent plunge in sterling will [...]
Nick Clegg attacked for claiming Brexit will cause food prices to rise October 18, 2016 Nick Clegg faced a furious backlash yesterday evening as he was rounded on for claiming food prices would jump after the UK leaves the EU. As a new report reveals the creeping cost of the EU customs union and inflation figures due this morning are set to show price rises running at their highest level [...]