Investment & Business News Headlines

Be careful what you wish for

By Pam Atherton

The legal battle currently being waged between the Office of Fair Trading and a group of banks over the fairness of penalty charges could end up harming all UK bank customers.

If the OFT wins, it could put an end to free in-credit banking and the introduction of restrictive and expensive bank accounts of the type now prevalent in Europe. Most UK bank accounts remain free of charge for those in credit and some pay remarkably good rates of interest on credit balances.

The Lloyds TSB Vantage...Read More

Bank lending to be constrained for years

There comes a time when all kids have to leave home, and learn how to stand on their own two feet. If you are a parent, you can cosset them and protect them from the harshness of reality, but by doing this are you really doing them a favour?

It is...Read More

Posted Jun 26, 2009

Be careful what you wish for

By Pam Atherton

The legal battle currently being waged between the Office of Fair Trading and a group of banks over the fairness of penalty charges could end up harming all UK bank customers.

If the OFT wins, it could put an end to free in-credit banking and the introduction...Read More

Posted Jun 29, 2009

Is saving better than retail therapy?

Savings are back, and so is debt. Two reports out yesterday seemed to totally contradict each other.

But there is an underlying truth about savings, which will change the economy in quite profound ways for years to come.

First, here’s the contradiction. According to unbiased.co.uk: “The so called ‘economic optimism’ has led...Read More

Posted Jun 26, 2009

Michael Jackson's death could mean a windfall for the record company

The sad death of the world’s most famous, not to mention enigmatic, musical artist yesterday is clearly bad news for locations such as the O2 building which was due to host one of Michael Jackson’s live concerts. But one company could rake in the bucks.

You may recall, when Freddie Mercury died, Bohemian...Read More

Posted Jun 26, 2009

Analysts remain bullish on emerging markets

By Pam Atherton

The 20th anniversary of the Templeton Emerging Markets Investment Trust (Temit) has sparked considerable debate about the long term prospects for emerging market funds.

Emerging markets represent around 75 per cent of the world geographically, and over 80 per cent of the world’s population. One in every five people...Read More

Posted Jun 25, 2009

Is executive pay madness back?

This is a tricky one. RBS, remember this is the bank that rewarded Sir Fred Goodwin so well, has now revealed a potential massive bonus for the chief exec who replaced him.

Stephen Hester cold find he ends up £10m better off.

Not surprisingly, unions are up in arms, and Vince...Read More

Posted Jun 23, 2009

Mortage arrears, landlords rearing – tenants too

It was all go on the housing market yesterday, with a raft of reports and forecasts.

The Royal Institution of Chartered Surveyors released its latest survey into the letting market. It seems rents are still falling, but a fascinating development has emerged.

Meanwhile, the FSA released its latest data on mortgage...Read More

Posted Jun 23, 2009

Five-a-day mantra hits vitamins and supplements industry

So, how’s your vitamin C level at the moment? Is it a bit low? It seems Brits have discovered that rather than popping another pill, they can get their energy from their food.

So, rather than taking a vitamin C tablet, they can eat something called an orange instead.

It’s not been...Read More

Posted Jun 22, 2009

Which way for currency markets: short-term doubt, long-term clarity?

Sometimes we just have to agree to disagree.

But it seems the currency markets can’t even manage that. According to a report on Bloomberg this morning, markets are in a right tizz over the dollar. Some say it is set to crash, others say it is set to soar. The only...Read More

Posted Jun 22, 2009

Which way next for our affordability?

On Friday it was told here how the typical family’s discretionary disposable income has at last risen.

According to Ernst and Young, our income after tax and the bills we have no control of in the short term, such as utility bills and mortgage/rent, has seen a a big improvement over...Read More

Posted Jun 22, 2009

Is saving better than retail therapy?

Savings are back, and so is debt. Two reports out yesterday seemed to totally contradict each other.

But there is an underlying truth about savings, which will change the economy in quite profound ways for years to come.

First, here’s the contradiction. According to unbiased.co.uk: “The so called ‘economic optimism’ has led...Read More

Posted Jun 26, 2009

Michael Jackson's death could mean a windfall for the record company

The sad death of the world’s most famous, not to mention enigmatic, musical artist yesterday is clearly bad news for locations such as the O2 building which was due to host one of Michael Jackson’s live concerts. But one company could rake in the bucks.

You may recall, when Freddie Mercury died, Bohemian...Read More

Posted Jun 26, 2009

Bank lending to be constrained for years

There comes a time when all kids have to leave home, and learn how to stand on their own two feet. If you are a parent, you can cosset them and protect them from the harshness of reality, but by doing this are you really doing them a favour?

It is...Read More

Posted Jun 26, 2009

Analysts remain bullish on emerging markets

By Pam Atherton

The 20th anniversary of the Templeton Emerging Markets Investment Trust (Temit) has sparked considerable debate about the long term prospects for emerging market funds.

Emerging markets represent around 75 per cent of the world geographically, and over 80 per cent of the world’s population. One in every five people...Read More

Posted Jun 25, 2009

Forget the bath plugs, its their pensions, stupid!

By Pamela Atherton

As the nation frets about MPs’ expenses, the real free ride our MPs are getting is their pensions.

Remarkably little comment has been made about the super generosity of the MPs’ pension scheme, but then bath plugs, duckhouses and moats make for more entertaining copy than desperately dull pensions.

We...Read More

Posted Jun 24, 2009

It will take 15 years to repay debt, and who needs banks anyway

Edmund Phelps sits pretty near the top of the pantheon of great economists. Not only did he win the Nobel Prize in 2006, his studies are so well known that any student of economics – from A level and above – will have heard of him.

Yesterday, he made some interesting pronouncements about...Read More

Posted Jun 23, 2009

The bears are back in town

The bears came back yesterday, as markets across the world saw sharp losses.

Why this latest batch of gloom? The World Bank sat partially behind the news. The European Central bank didn’t help. Meanwhile, one strategist forecast another major sell off on stocks, with equities falling to the March low.

Why the...Read More

Posted Jun 23, 2009

The moment has passed … for government spending

Yesterday, the European Central Bank’s boss spoke out against government spending. He said European governments are at their borrowing limit.

Meanwhile, as the UK’s latest borrowing figures reveal a horror story that would have left Dracula cowering, the latest borrowing figures from France were out this morning and, while not quite...Read More

Posted Jun 22, 2009

© Investment & Business News 2013