Investment & Business News Headlines

UK stutters to near recession pace, as saving ratio plummets to lowest ever level

Here is the good news. We are 0.9 per cent better off than a year ago.  That’s after allowing for inflation and tax.  So that’s all right then; sure, the economy is slowing down but, even so, we still got better off.

It is just that when you drill into the latest data from the Office for National Statistics, all of a sudden the picture looks a lot less rosy.  And we are left questioning the data.

Latest estimates out at the end of last week suggest the UK economy expanded by a...Read More

Falling house prices: is it just a credit crunch thing?

In yesterday’s Sunday Times, economics editor David Smith puzzled on why house prices were falling so fast.

“I have been puzzling about why Nationwide and Halifax surveys have been showing such sharp price drops, at least as bad as the corresponding stage of the early 1990s slump, when economic conditions are more...Read More

Posted Jun 30, 2008

Banks and builders try to find right stuff

Rights issues are in the news again. Bradford and Bingley has turned Clive Cowdery, its would-be investor, away with a  flea in his ear.  HBOS’s share price seems to be fluctuating up and down and around its planned rights issue price leaving the fundraising in doubt one moment, and sure to...Read More

Posted Jun 30, 2008

Falling house prices: is it just a credit crunch thing?

In yesterday’s Sunday Times, economics editor David Smith puzzled on why house prices were falling so fast.

“I have been puzzling about why Nationwide and Halifax surveys have been showing such sharp price drops, at least as bad as the corresponding stage of the early 1990s slump, when economic conditions are more...Read More

Posted Jun 30, 2008

Banks and builders try to find right stuff

Rights issues are in the news again. Bradford and Bingley has turned Clive Cowdery, its would-be investor, away with a  flea in his ear.  HBOS’s share price seems to be fluctuating up and down and around its planned rights issue price leaving the fundraising in doubt one moment, and sure to...Read More

Posted Jun 30, 2008

Yet digital future gives light at end of tunnel

But in adversity there is opportunity.  While all around markets crash, there are still opportunities lurking.

Above, it was argued above that we are witnessing the continuation of events first started when dotcoms crashed.

Maybe it will end when the next technological revolution begins.

And that is quite interesting, because according to Read More

Posted Jun 27, 2008

Inflation is everywhere, just not here

It all started innocuously enough.

After choosing to leave interest rates on hold the Fed put out a statement which said: “The committee expects inflation to moderate later this year and next year.“ 

The Fed’s optimism on inflation builds on the belief that wage inflation is firmly in check.   It is like that in...Read More

Posted Jun 27, 2008

Crash!

Down went markets yesterday.  Up went the price of oil.     

It was a day of carnage.  A day when shares in the world’s largest automobile maker fell to their lowest level in 33 years.    A day when Libya said there was too much oil in supply and it was to CUT...Read More

Posted Jun 27, 2008

High Street slows, but not that much

per cent

There is no doubt about it, there is something strange in the neighbourhood.

The ONS had retail sales in May rising at their fastest year on year rate since 1986, yet all around there is gloom.   So how do you square ONS data with anecdotal evidence.   Who is right?  Who...Read More

Posted Jun 26, 2008

Speculators! Are they evil, or just modern day soothsayers?

When Ken Livingstone was in New York a few years ago he was asked why London was doing so well.  He replied: “Two words, Sarbanes Oxley.”

London’s financial markets are not keen on regulation.  Okay, there is regulation, but it’s nothing like the draconian measures seen in the US.    And that...Read More

Posted Jun 26, 2008

Wind power: hot air, or can we sail to victory over climate change and expensive oil?

Wind is in the news this morning, with the government due to announce renewable energy plans. Is wind a partial answer, or just hot air? There is so much contradictory evidence out there, it is difficult to decide. Yet few questions are more important. In this article we drill down...Read More

Posted Jun 26, 2008

Dow fall brings back memories of the 1930s

Hearing the latest scores from the markets seems more interesting then listening to the football results these days, such is the frequency with which records get broken. Then again, when you look at the daily changes, these seem more like the cricket results.

The Dow Jones had another bad day in the...Read More

Posted Jun 30, 2008

Dow fall brings back memories of the 1930s

Hearing the latest scores from the markets seems more interesting then listening to the football results these days, such is the frequency with which records get broken. Then again, when you look at the daily changes, these seem more like the cricket results.

The Dow Jones had another bad day in the...Read More

Posted Jun 30, 2008

UK stutters to near recession pace, as saving ratio plummets to lowest ever level

Here is the good news. We are 0.9 per cent better off than a year ago.  That’s after allowing for inflation and tax.  So that’s all right then; sure, the economy is slowing down but, even so, we still got better off.

It is just that when you drill into the...Read More

Posted Jun 30, 2008

Crash!

Down went markets yesterday.  Up went the price of oil.     

It was a day of carnage.  A day when shares in the world’s largest automobile maker fell to their lowest level in 33 years.    A day when Libya said there was too much oil in supply and it was to CUT...Read More

Posted Jun 27, 2008

Oil: shock, awe and then good sense

Shokri Ghanem, chairman of Libya’s National Oil Corporation, put his spoke in.  The world is oversupplied with oil he said, and in any case, Libya is so put out by US action in Iran that it is considering reducing its supply of oil.

So the day has come when Libya plans economic...Read More

Posted Jun 27, 2008

Chart of the day

markets 2008

Posted Jun 27, 2008

The mortgage crunch

A long time ago, in an economy far away in our memories, there was no credit crunch. 

Think back, if you can bear it, all the way to December 2006.  The base rate of interest was 5 per cent.  Since then, the Bank of England has sat and cogitated, and changed...Read More

Posted Jun 26, 2008

The clash of the titans: the war between the world's super brands begins

It is difficult to think of more a formidable product in the consumer electronics arena than the iPhone. It combines Apple’s superb knack for design, a proper Internet browser,  the iPod, the video iPod, and one more thing, what was it? Yes, that’s right, a mobile phone.

Can you think of...Read More

Posted Jun 25, 2008

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