Fed does nothing – again
29 Jun 2007 [0 Comments | 56 views]
Another month, another meeting of the US federal bank, another rehash of the same old words. The Fed has chosen to keep the rate of interest on hold – yet again, and in its statement the Fed said “The economy seems likely to continue to expand at a moderate pace over coming quarters. “Readings on [...]
Buy-to-let: no slow down here says mortgage company
29 Jun 2007 [0 Comments | 62 views]
Paragon Mortgages released its latest bullish bulletin yesterday. Every four weeks, it releases its latest update on how well the buy-to-let market is doing. Apparently, last month, the average annual rent in England and Wales stood at £10,702 – an increase of £1,037 or 10 per cent on November’s figure of £9,665. In a recent [...]
China’s growth miracle – set to get more miraculous
29 Jun 2007 [0 Comments | 59 views]
It’s like watching one of those African runners, someone like Haile Gabriel Selassie. Just when you think the breathless pace can’t continue, he starts going even faster. Yesterday, the Central Bank of China said it expected the Chinese economy to expand by 10.8 per cent this year, that’s the fastest rate of expansion seen in [...]
The rich man, poor man, and the billionaire beggar
29 Jun 2007 [0 Comments | 64 views]
Yesterday, we told how disposable income in the UK is falling. The UK may be getting richer, but, after deducting fixed income payments and other payments we have little or no control over such things as mortgage payments, council tax, petrol, and utility bills; we have less money left over than at any time in [...]
Tesco sees rest of the pack close the gap- but it’s still a massive lead.
28 Jun 2007 [0 Comments | 74 views]
Tesco’s iron grip on the supermarket sector loosed ever so slightly over the last three months. According to the TNS Worldpanel grocery market share figures, for the 12 weeks ending 17th June 2007, Sainsbury’s and Asda both enjoyed higher percentage growth rates than Tesco. But, some of the much smaller guys did even better, with [...]
Gordon set to hob nob with the great and wise of UK business.
28 Jun 2007 [0 Comments | 51 views]
Gordon has gone straight to the top. He is setting up a council of advisors which is set to be made up of the heavyweights of the UK business scene. The council will be chaired by Mervyn Davies of Standard Chartered, and include Stuart Rose of MS, Sir Terry Leahy of Tesco, Stephen Green of [...]
UK tops European investment league- again
28 Jun 2007 [0 Comments | 48 views]
The UK is still Europe’s top spot for overseas investment, London is still the primary driver of the UK’s success in attracting investment from overseas, but India is catching up with the US as the top investor into Europe, says a new report from Ernst and Young. In all, the UK attracted 686 overseas investment [...]
You have never had it so good – well actually you have.
28 Jun 2007 [4 Comments | 99 views]
As our Gordon settles into his new job, some newspapers have attempted to compare the Blair legacy with that of previous Prime Ministers. There is no doubt, the UK has enjoyed a remarkable period of growth, and from an economics point of view the last decade has perhaps been less dominated by crisis than any [...]
iPhone reviews hit the press
27 Jun 2007 [0 Comments | 64 views]
We know what you are thinking. Never mind analogies with 1929, the rate of interest, and the FTSE 100. What about the iPhone? Apple is about to launch the most hyped product of the year, perhaps the most hyped product of many a year. But is it worth the hype? So far reviews have appeared [...]
Is FTSE 100 going to break record this year?
27 Jun 2007 [0 Comments | 63 views]
While some raise memores of 1929, others talk about rising interest rates, the UK’s equity strategists seem anchored to the optimistic camp. Reuters has been busy surveying their views, or at least the views of 15 of the UK’s top analysts. The conclusion: The FTSE 100 is likely to grow by around 4.7 per cent [...]
