Finance

UK Inflation falls to 2.6% but still above Target

UK inflation rate has fallen back from 2.9% in May to 2.6% in June. Talk was of an expected increase to 3% What will this now mean for interest rates? I assume a rate rise is less likely, but in my opinion still needed and over due! Sterling fell back …

Finance

LIBOR set to change?

Is LIBOR (London Interbank Offered Rate) – the system used to set interest rates at which banks borrow from each other about to change? The system has been open to abuse and manipulation as has been proved with more than six billion in fines issued to date and four jail …

Finance

FTSE 250 Companies reporting this week

FTSE 250 Companies reporting this week… Wizz Air Holding PLC (WIZZ) – Q1 results due on: 19/07/17 Howden Joinery Group PLC (HWDN) – Q2 results due on: 20/07/17 IG Group Holdings PLC (IGG) – Q4 results due on: 18/07/17 Drax Group PLC (DRX) – Q2 results due on: 19/07/17 Acacia …

Finance

FTSE 100 companies reporting this week

FTSE 100 companies reporting Q2 results this week… Unilever PLC (ULVR) – Q2 results due on: 20/07/17

Finance

FTSE 250 Companies ex dividend this week

FTSE 250 Companies going ex dividend this week (17/07/17 to 21/07/17) Vedanta Resources PLC (VED) – Ex date: 20/07/17 – Record date: 21/07/17 Syncona Ltd (SYNC) – Ex date: 20/07/17 – Record date: 21/07/17 Tritax Big Box REIT PLC (BBOX) – Ex date: 20/07/17 – Record date: 21/07/17

Finance

China Data

Data released by China today showed that the economy continued to grow by 6.9% between April and June. Stock markets in Asia had a muted reaction to the news and appeared to be focused on the meetings to establish more financial stability and increase control of the economy to reduce …

Finance

HS2 Contract Lifts Carillion

Carillion PLC (CLLN) received a much needed boost today (17/07/17) with the announcement of a HS2 contract award reported to be worth £450 million. After a torrid week last week, which saw the share price fall by 70% – this contract award helped lift their share price today by 19% …

Finance

Banks preparing for BREXIT

Banks are making contingency plans in preparation for BREXIT in order to maintain access to the EU market. Reported as follows:- Barclays is in talks to expand its presence in Dublin. Citigroup looking to move jobs in its trading section. Goldman Sachs considering to move staff from London to Frankfurt. …

Finance

DOW Jones Sets New High

The Dow Jones Industrial Average set a new record high today stepping through 21600 with an intra-day high of 21682 to settle 21637 at close. Just how much higher can the DOW 30 go this year? Much of the record-breaking increase is attributed to Federal Reserve chair Janet Yellen’s comments …

Finance

£ Pound Up!

Pound goes up through $1.30. Pressure on the $ dollar as US inflation data could reduce the prospects of a 3rd interest rate hike from the Federal Reserve this year. US consumer prices were unchanged and US retail sales fell in June for the second month in-a-row. All having an …