Stock market movements

Stock market movements – today 22/08/17 The DOW Jones Industrial Average closed at 21899 after gaining nearly 200 points today. S&P 500 closed up at 2452 gaining 24 points. The NASAQ closed at 6297. The DAX index was up 1.4% to 12229 – adding 163 points The FTSE 100 closed …


German business confidence falls

German business confidence falls. A survey taken of German investors suggests confidence has fallen –  from a score of 17.5 to 10 in July. Looking at the performance of the DAX today you wouldn’t have thought so. The DAX closed up today at 12229 a 1.4% increase.  


Provident Financial PLC shares down

Provident Financial PLC shares down. Provident Financial PLC (PFG) shares are taking a hammering again today. They have been falling all day again and at 15:00 on 21/08/17 they were down 68% at £5.51  and falling! In May this year the shares were trading at a high of £32.50 and …


Is UK state pension system broken?

Is the UK state pension system broken? It started in 1909 when approximately 500,000 people aged 70 and over, who qualified,  were given an old age pension of five shillings a week. That’s 25 pence – equivalent to £20 in today’s money. The pension we have now by comparison is …