Danny Willett Effect in evidence as Andrew Johnston leads English charge in wake of Masters with Spanish Open victory April 18, 2016 Nothing breeds success quite like success, and it is no coincidence that two Englishmen challenged for the week’s main titles on both sides of the Atlantic just days after Danny Willett’s Masters victory. Seeing a contemporary like Willett, 28, winning at Augusta last week, the likes of Andrew Johnston, just one year his junior, will [...]
City Moves for 18 April 2016 | Who’s switching jobs April 18, 2016 Arbuthnot Banking Group Arbuthnot Banking Group (ABG) has appointed Ian Arthur Henderson as chief executive at Arbuthnot Latham. Ian will also be joining the ABG Board from 6 May. He joins the company from Secure Trust, where he was head of strategic business development and chief executive of personal lending and mortgages. He was previously [...]
At the close: FTSE pushed higher by banks and miners, as Tesco and Premier Foods fall April 13, 2016 Banks and miners moved the FTSE 100 higher today as data from China reassured investors over growth in the world’s second largest economy, adding more than 100 points to the index’s rise. The FTSE 100 ended the day at its highest for four months at 6,362.89 points, up 120.50 points, or 1.9 per cent. Tesco shed [...]
Stocks surge on strong Chinese trade figures, while Tesco’s return to profit proves every little doesn’t help April 13, 2016 Strong trade data from China was enough to offset disappointing results from Tesco this morning and push UK stocks to their highest level of the year. Gobal shares rallied on the latest sign that the process of rebalacing in the world’s second largest economy is on course. Exports from China jumped by 11.5 per cent in March in dollar terms [...]
Tesco drags Sainsbury’s and Morrisons share price down too April 13, 2016 Tesco might have hoped for a better reaction to its news that it has returned to profit this morning than for investors to send its share price tumbling. Perhaps it was the relatively cautious statement given by chief executive Dave Lewis, or the fact that while profits were above consensus expectations, sales missed by a touch. Or [...]
Supermarket sales rise over Easter – but prove egg-sasperating for Tesco, Morrisons and Asda April 5, 2016 It could have been so easy for supermarkets. Not only are prices at an all-time low, but an early Easter pushed sales up compared with last year, new figures have shown. But while the Easter bunny hopped along to most of the nation's retailers, the big four continued to struggle. The figures, by Kantar Worldpanel, showed sales [...]
Are global markets underestimating the strength of the US economy? April 4, 2016 David Morrison, senior market strategist at Spread Co, says Yes. While GDP growth is somewhat tepid (annualised, the economy grew 1.4 per cent in the fourth quarter of 2015), there is evidence that the US economy is picking up steam. Just last week we saw strong numbers for pending home sales, Chicago PMI and the all-important [...]
Cost of weekly supermarket shop drops for fourth month in a row to hit lowest level in over a year April 4, 2016 The cost of the average weekly grocery shop has fallen for the fourth month in a row to reach its lowest level in over a year, data released today shows. Research by price comparison site MySupermarket found that a basket of 35 staple products across the major grocers cost £84.36 in March, down 3.8 per [...]
Over 55s undecided on whether pension freedoms are actually any good April 3, 2016 One year on from the introduction of pension freedoms, the jury's still out on whether or not they are actually any good, a report released today has found. The survey by the Institute and Faculty of Actuaries (IFoA) found that, while 44 per cent of over 55s thought that the introduction of pension freedoms last April had been [...]
Well that was unexpected – US jobless rate rises for the first time in months but non-farm payroll beats expectations April 1, 2016 The US jobless rate rose in March, the first time since May 2015 it has done so – but the number of job openings beat expectations. Unemployment edged back up to five per cent, having dropped to 4.9 per cent last month, while the number of job openings hit 215,000, against forecasts of 205,000. That follows [...]