Investment & Business News Headlines

Fed does nothing - again

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 core inflation have improved modestly in recent months. However, a sustained moderation in inflation pressures has yet to be convincingly demonstrated. Moreover, the high level of resource utilization has the potential to sustain those pressures.Read More

Buy-to-let: no slow down here says mortgage company

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...Read More

Posted Jun 29, 2007

Fed does nothing - again

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...Read More

Posted Jun 29, 2007

China’s growth miracle - set to get more miraculous

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...Read More

Posted Jun 29, 2007

The rich man, poor man, and the billionaire beggar

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...Read More

Posted Jun 29, 2007

Tesco sees rest of the pack close the gap- but it’s still a massive lead.

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...Read More

Posted Jun 28, 2007

UK tops European investment league- again

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...Read More

Posted Jun 28, 2007

iPhone reviews hit the press

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...Read More

Posted Jun 27, 2007

BoE deputy gives inflation warning

You will recall that the Bank of England has seen its ranks split. The minutes from the last meeting of its interest rate setting MPC committee revealed two schools of thought.

On one hand are the doves who think inflation pressures are relatively under control. They point to the fact...Read More

Posted Jun 27, 2007

IMF gives optimistic warning

Talking of the global economy, the IMF has been making its latest pronouncements. It’s difficult to know whether to celebrate or commiserate. Maybe it’s best to compromise. Keep the Bolly in the fridge, and crack open the Cava instead.

“Global growth is stronger than we had expected in April” said...Read More

Posted Jun 27, 2007

Is it like 1929 again, or is our exuberance more rational this time?

Here’s an idea. Set up an investment vehicle, funded to the tune of say £150,000. It could just as easily be £150 million, but let’s stick with our initial assumption, for the time being. Then assume two thirds of this backing is in the form of debt, with a third...Read More

Posted Jun 27, 2007

China’s growth miracle - set to get more miraculous

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...Read More

Posted Jun 29, 2007

Buy-to-let: no slow down here says mortgage company

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...Read More

Posted Jun 29, 2007

The rich man, poor man, and the billionaire beggar

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...Read More

Posted Jun 29, 2007

Tesco sees rest of the pack close the gap- but it’s still a massive lead.

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...Read More

Posted Jun 28, 2007

Gordon set to hob nob with the great and wise of UK business.

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...Read More

Posted Jun 28, 2007

You have never had it so good - well actually you have.

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...Read More

Posted Jun 28, 2007

Is FTSE 100 going to break record this year?

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...Read More

Posted Jun 27, 2007

Bank of England split could spell end to true independence

If there is one respect in which economists seem united in praising Gordon Brown, it’s in his decision to make the Bank of England independent. At last, the rate of interest was set to fight inflation, not to deal with short-term political concerns.

But, supposing rates continue their march north? Many...Read More

Posted Jun 26, 2007

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