UK consumers’ confidence hit by school return September 30, 2015 Consumer confidence in Britain has taken a knock in the past month due to back-to-school blues, according to German-based market research company GfK. The index, released today, measuring changes in personal finances during the past 12 months has decreased by two points this month to one, but still nine points higher than September 2014. The [...]
Panmure Gordon share price: Greece and China chaos hit Panmure profit September 30, 2015 Panmure Gordon announced yesterday it had made a loss of £200,000 in the six months to 30 June, compared with profits of £2m in the same period last year. Despite an increase in clients, and a six per cent rise in commission and trading income, to £5.7m, the investment bank reported a loss per share [...]
Bank of England governor Mark Carney warns of financial risk posed by climate change September 29, 2015 Bank of England (BoE) governor Mark Carney has warned the City of climate change's threat to economic stability. Read more: Tackling climate change is possible without hindering economic growth Carney used a speech at a Lloyd's of London dinner to give a stark warning of the huge risks to financial security posed by global warming. [...]
UK retail sales beat forecasts in September, reports Confederation of British Industry September 29, 2015 UK retail sales grew at a faster pace than expected in the year to September, with firms expecting business to pick up pace in the run-up to Christmas, research shows. Of the 119 firms polled by the Confederation of British Industry (CBI) distributive trades survey, 55 per cent expect sales volumes to increase in the [...]
Eurozone confidence hits four-year high as Greece worries diminish September 29, 2015 Economic confidence in the Eurozone hit its highest point in over four years this month, according to data released by the European Commission. The bloc's Economic Sentiment Indicator (ESI) reached 105.6 points in September – an increase of 1.5 points from August's figure of 104.1. This puts confidence in the economy at its highest [...]
Shipping industry warns of 75,000 job losses under Labour leader Jeremy Corbyn’s tax plans September 29, 2015 Labour's proposed tax hikes for industry could lead to huge job losses and leave the Exchequer with more than £1bn in lost revenue, shipping industry representatives have warned. Read more: If Jeremy Corbyn's Labour Party ignores the rules it’ll lose the game Under a Jeremy Corbyn-led Labour government, shadow chancellor John McDonnell would scrap favourable tax [...]
Austerity has failed and Labour shadow chancellor John McDonnell is right that the Bank of England needs a new mandate September 29, 2015 Labour’s shadow chancellor John McDonnell set out his ideas for the first time yesterday. Central to this is a new kind of economics; one that worries about the well-being of the man on the street, and not just the haves. That is a welcome development. He is right to say that the Labour Party needs [...]
Global debt growth returns to pre-crisis levels September 29, 2015 Global debt burden is returning to pre-crisis levels as the Global Wealth Report released today shows debt growing at its fastest pace since 2007. The report published by Allianz showed global debt growing by over four per cent last year – still not close to the soaring growth rate from before the financial crisis hit, [...]
Spanish inflation takes a dive as it falls to -1.2 per cent September 29, 2015 In a world where deflation is becoming the norm, it was hardly expected that today's Spanish inflation figure would do much to shore up locals' optimism – but the figure has managed to surprise even the most pessimistic of analysts. The country's figure for EU harmonised consumer price inflation dipped to -1.2 per cent in [...]
Reserve Bank of India cuts interest rates more than expected September 29, 2015 India’s central bank has surprised investors and economists alike by cutting its interest rate more than expected. This is the fourth time the Reserve Bank of India has slashed interest rates this year, bringing them down from 7.25 per cent to 6.75 per cent. The cut goes further than the quarter-point most economists were forecasting [...]
