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February 1, 2015 - Latest:

2015 kicks off with strong retail sales growth claims CBI

29 January 2015

Retail sales grew strongly in the year to January, slightly exceeding expectations, according to the Confederation of British Industry (CBI). The business lobby’s latest monthly Distributive Trades Survey of 127 [...]

Government targets benefit fraudsters with maximum penalty to be more than doubled

29 January 2015

Parliament is today set to look at plans to more than double the maximum penalty for benefit fraud from £2,000 to £5,000. The potential fine could be offered as an [...]

US Fed statement hints that US interest rate rise may be delayed

29 January 2015

Schroders US fixed income portfolio Manager Lisa Hornby takes a look at yesterday’s Federal Open Market Committee (FOMC) statement… The January FOMC statement was relatively unchanged compared to the December [...]

Bank of England boss Mark Carney voices eurozone concerns

29 January 2015

Bank of England governor Mark Carney has cautioned on the current structure of the eurozone. Speaking in Dublin, Ireland, Carney said the present backdrop and make-up puts it in an [...]

House price growth cools in January as momentum eases across the UK market

29 January 2015

Property prices rose by just 0.3% in January taking the annual gains to a 14 month low of 6.8% according to new numbers from Nationwide. The lender’s data highlights  that [...]

UK economy grows at fastest pace since 2007

27 January 2015

The UK economy grew at its fastest rate since 2007 last year as annual GDP increased by 2.6%. Office for National Statistics data showed that, while  GDP growth slowed slightly [...]

UK economy bolstered by record spending from overseas tourists in 2014

26 January 2015

Analysis from national tourism agency VisitBritain shows that more international tourists are travelling across the UK than ever before with spending hitting new record. The new figures from the Office [...]

Greek elections: What to expect now – expert reactions…

26 January 2015

Syriza has obtained a strong victory in the Greek elections gaining more than 36% of votes – we highlight the expert reactions below… Paras Anand, head of European equities at [...]

Oil price jumps on Saudi king’s death

23 January 2015

Oil prices jumped this morning on news that King Abdullah of Saudi Arabia had died.   A barrel of Brent crude oil increased to a high of $49.80 before falling [...]

European Central Bank unveils massive QE strategy: Expert reactions

22 January 2015

The European Central Bank (ECB) has announced that it will start a quantitative easing (QE) programme in March. The ECB said it will buy government bonds worth some €60bn per [...]

Has the ECB done the right thing with QE?

22 January 2015

Paras Anand, head of European equities at Fidelity Worldwide Investment looks into on European Central Banks QE plan… As the details of the ECB’s quantitative easing plan are brought into [...]

European Central Bank to pump billions into the eurozone via QE

22 January 2015

The European Central Bank (ECB) has stepped up its battle to get the eurozone back on its feet by today announcing a massive quantitative easing (QE) programme. As had been [...]

BP boss admits oil prices could stay in the doldrums “for up to 3 years”

22 January 2015

The boss of multi-national BP has said that the oil price could remain low for up to three years. BBC News reports that the oil-major’s chief Bob Dudley asserted that [...]

‘Interest rates may not rise until 2017′

21 January 2015

Interest rates may remain at their record low of 0.5% throughout this year and next, an investment expert has forecast following Bank of England Monetary Policy Committee minutes which revealed [...]

Households are feeling financially fitter than at any point in the last six years

21 January 2015

Households are feeling more optimistic about their finances than at any point in the past six years, a new poll reveals. The Markit Household Finances Index for January  found that [...]

MPC now voting nine to nil in favour of keeping base rate at 0.5%

21 January 2015

The two dissenting voices on the Bank of England Monetary Policy Committee have now come back into line with the rest of committee and no longer want to see a [...]

Unemployment falls and wages rise faster than prices in boost for consumer finances

21 January 2015

The number of people unemployed fell by 58,000 in the three months to the end of November and the unemployment rate dropped below 6% for the first time in six [...]

Richest 1% will own more than all the rest of the world by 2016 claims Oxfam

19 January 2015

The world’s richest 1% will soon own more than the rest of the world’s population put together a damning new report from Oxfam has claimed. The analysis entitled, Wealth: Having [...]

Saudi Arabia can survive prolonged period of low oil prices claims former national adviser

19 January 2015

Saudi Arabia’s minister of petroleum’s former senior adviser has asserted that the country can cope with low oil prices for “at least eight years”. Speaking to BBC News, Mohammed al-Sabban [...]

Strong dollar and weak oil price likely to boost Europe’s corporate profits

19 January 2015

The strong rise in the US dollar and the fall in the oil price are likely to provide a boost to corporate profits in Europe and Japan this year asserts [...]

Government names and shames 37 firms for failing to pay workers the minimum wage

15 January 2015

Retailer H&M is among 37 firms, which have been named and shamed today for failing to pay their workers the National Minimum Wage. The Department for Business, Innovation & Skills [...]

Economic gap between London and the rest of the UK widens dramatically

15 January 2015

The financial outperformance of the capital in recent years has dramatically widened the economic gap between London and the rest of the country claims new research from Halifax. The latest “London [...]

Star fund manager Neil Woodford on UK energy policy‏: “Good politics, bad economics”

15 January 2015

Manager of the CF Woodford Equity Income fund, Neil Woodford, explains how the political interference in the UK’s energy industry has actually meant households are paying more for their utilities… [...]

Low inflation ‘should be celebrated, not feared’, claims Chancellor

14 January 2015

The Chancellor will argue that we should “celebrate” and “not fear” news of record low inflation in a speech later today. Yesterday, official figures confirmed that consumer prices index inflation [...]

Reasons to be bullish as global growth starts to accelerate

12 January 2015

Improving economic momentum and the prospect of further central bank monetary support should benefit equity markets says Luca Paolini, chief strategist at Pictet Asset Management… Developed economies are showing a [...]

Price of oil tumbles further to reach 2009 levels – and investors are piling in

12 January 2015

The price of Brent Crude oil has continued to slide and on Monday hit a six-year low. BBC News reports that the cost of the North Sea yardstick fell 3% [...]

UK trade gap narrows on oil price slump

9 January 2015

Tumbling oil prices have helped the UK to push its trade gap to the lowest point since June 2013.   The trade gap is the difference between the value of [...]

Bank of England holds interest rates at 0.5% for another month

8 January 2015

The Bank of England kicked off the New Year by keeping interest rates stuck at their historic low of 0.5% for another month. At its first meeting of 2015 the [...]

UK property prices rise by a better than expected 0.9% during December but the annual gain continues to decline

8 January 2015

UK properties enjoyed a stronger-than-expected month-on-month price rise during December but the annual growth rate continued to ease back as the market continues to come off the boil. According to [...]

Eurozone tips into deflation

7 January 2015

The eurozone has dipped into deflation for the first time since 2009 with prices in December down 0.2% compared to a year earlier. The news that inflation has turned negative [...]

Bank of England’s lack of awareness of impending crisis in 2007 laid bare

7 January 2015

The Bank of England’s lack of awareness of the impending financial crisis has been laid bare in the newly-published minutes of meetings between senior staff in 2007. A month before [...]

Sterling falls to 17-month low

6 January 2015

The pound has fallen to a 17-month low against the US dollar following the release of a key economic index which pointed to a slowdown at the end of 2014. [...]

Brent oil falls to new five-and-a-half-year low

6 January 2015

The price of Brent crude oil dropped to a new five-and-a-half year low today of $52.27 per barrel. Brent fell by 3% earlier to $51.23 before recovering somewhat.It comes after [...]

“Between Scylla and Charybdis” – Neil Woodford on the UK’s European dilemma

5 January 2015

CF Woodford Equity Income fund manager Neil Woodford offers his views on the UK’s European Union dilemma and its investment implications… I believe the UK is fast approaching the point [...]

Euro plummets to nine-year low against the US dollar as ECB suggests QE is on the way

5 January 2015

The euro has collapsed to a nine-year low against the US dollar as investors anticipate the European Central Bank (ECB) may take further action to prop up the region’s embattled [...]

Business leaders call for action on deficit and argue for GCSEs to be axed

30 December 2014

Business leaders have called on the Government to make cutting the deficit its top priority in 2015 and urged ministers to scrap GCSEs. The CBI, formerly known as the Confederation [...]

Thatcher warned about “boom and bust” risk of deregulation

30 December 2014

Former Prime Minister Margaret Thatcher was warned that the deregulation of financial services could result in a “boom and bust” cycle, secret memos have revealed. The correspondence, which has been [...]

What does the low oil price mean for economies and markets in the Persian Gulf region

30 December 2014

John Sfakianakis, Regional Director for the Persion Gulf region, Ashmore Investment Saudi Arabia, gives a view on what the ‘new normal’ oil price levels mean for the Gulf Cooperation Council [...]

What were the biggest surprises of 2014?

29 December 2014

The past 12 months have been a period of change and then some. The fall of oil and iron ore prices, the collapse in Russia’s fortunes and Tesco’s accounting irregularities [...]

UK house prices soar by an average of 8.5% during 2014 but Greenwich enjoys near 25% surge

29 December 2014

The value of the average UK home jumped by 8.5%, or more than £16,000, during 2014 according to new research from Halifax. As a result of the price surge the [...]

GDP growth figures are lowered

23 December 2014

The UK economy has grown more slowly over the past year than previously thought, official figures show. Year-on-year GDP growth has been revised down from an earlier estimate of 3% [...]

Half of British firms are planning to expand their workforce in 2015 claims new report

22 December 2014

Half of British firms are set to expand their workforce in 2015, and permanent jobs are likely to outstrip temporary work a new report has claimed. The survey conducted by [...]

Russia will not default nor impose capital controls says Ashmore’s Jan Dehn

22 December 2014

Jan Dehn, head of research at Ashmore discusses why both sentiment towards Russia and prices of Russian assets have moved out of line with fundamentals, which is creating significant value [...]

The year of cheer – consumer confidence surges in 2014

22 December 2014

Consumer confidence has rocketed in the run up to the festive season according to the latest Lloyds Bank Spending Power Report. The bank claimed the survey’s score jumped to its [...]

Bank of England MPC member expects bigger salaries for Britons to arrive in 2015

22 December 2014

A senior Bank Of England official expects that larger pay rises will be offered to workers in 2015. Speaking to the BBC’s Radio 5 Live’s Wake up to Money programme, [...]

Bank currency rigging fines help reduce UK borrowing

19 December 2014

Fines imposed on some of Britain’s biggest banks for rigging foreign exchange rates have helped wipe 10% off UK borrowing figures over the past year.   Banks were fined £1.1 [...]

City regulator to punish wrongdoers more harshly under new plans

19 December 2014

The City watchdog will be forced to come down harder on financial companies that flout its rules.   The government is planning to overhaul the Financial Conduct Authority (FCA) enforcement [...]

Planning a holiday? Find out which currencies are best value for Brits

19 December 2014

Before planning your holiday next year, it’s worth having a look at the countries where your pound will buy you more.   Thanks to Britain’s strong economy it has outperformed [...]

Iceland repays UK another £1.36bn to cover Icesave bail out

19 December 2014

The government has recouped a further payment of £1.36 billion from Iceland to pay for the cost of bailing out Icesave bank after its collapse.   Icesave, which is owned [...]

Gross mortgage lending growth comes to a standstill

18 December 2014

Gross mortgage lending fell a steep 9% month-on-month during November, flattening the annual growth rate as activity dropped back. According to figures from trade body, the Council of Council of [...]

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