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Semi-retirement for the telephone box

Semi-retirement for the telephone box. The iconic telephone box is set to retire – or at least semi-retire. Plans announced by BT will see half of the remaining telephone kiosks retired and placed in better locations more likely to be used by the customer. Some 33,000 calls each day are …

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News

US retail sales boosts market

US retail sales picked up June to July driven by car purchases and department stores sales growth. Based on this latest set of data it would appear, thanks to the US consumer, the US economy is well placed to benefit from more consumer spending in the second half of the …

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Investing

Hargreaves Lansdown profits up

Hargreaves Lansdown profits up Hargreaves Lansdown PLC (HL.) reported today and profits are up by 21%. Assets under management are also up at £79.2 billion. See report here for Hargreaves Lansdown PLC (HL.) Share price: £13.56 on 15/08/17 at: 11:15am

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Markets

Latest UK inflation figures

Latest UK inflation figures Inflation is unchanged from July to remain at 2.6% – UK inflation reached 2.9% in June 2016 the highest value so far this year. The Bank of England target is 2%

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News

Markets settle after geopolitical tensions subside?

Markets appear to have settled after the escalation of tensions between the US and North Korea last week subside.  Thankfully the tensions did not worsen over the weekend. Strong economic fundamentals under-pinning recent strong market increases are still there, hiding behind the scenes, despite geopolitical uncertainty. One of my concerns …

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Finance

German growth continues

German growth continues Latest figures show the retail sector helped the German economy grow. Gross domestic product (GDP) rose 0.6% on previous quarter. These initial figures are open to revision at a later date. Imports grew faster than exports.

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News

UK economic data to look out for this week

UK economic data to look out for this week Economic data is due this week (14/08/17 – 18/08/17). The Office for National Statistics (ONS) is due to announce latest employment figures and retail data (Wed & Thu). But before that on Tuesday 15th August inflation figures are also due – …

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Markets

Oil prices fall

Oil prices fall Stock markets are up – oil is down. It appears oversupply fears are playing a part in dragging prices down. It’s beginning to look like oil prices may level out at around $50.00 a barrel.

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Markets

DOW Jones above 22000 again – but for how long?

DOW Jones above 22000 again – but for how long? The DOW Jones Industrial Average moved above 22000 again today – but for how long? Markets generally appear calmer for the time being as the rhetoric between the US and North Korea subsides. The FTSE 100, DAX 30 and S&P …

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News

Is the DVD dead?

Is the DVD dead? Is streaming killing the DVD? If Amazon’s decision to shelve its Lovefilm DVD by post service is anything to go by – then yes! Amazon says decreasing demand for its DVD movie postal service will mean it will close this year. Is it goodbye DVD? – …

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Markets
FTSE 100 companies going ex dividend this week

FTSE 100 companies going ex dividend this week on 28th September 2017… Worldpay Group PLC (WPG) Intertek Group PLC (ITRK) Smurfit Kappa Group PLC (SKG) Morrison (Wm) Supermarkets PLC Hargreaves Lansdown PLC  

Markets
Federal Reserve meeting update

Federal Reserve meeting update. The Federal Reserve on Wednesday (20/09/17) announced it will start reducing the size of its balance sheet. At something like $4.5 trillion it will now, after nine years finally start reducing the balance in October 2017 on a monthly basis. US interest rates were held at …

Markets
Dow Jones Industrial Average up again

Dow Jones Industrial Average up again I don’t know how many more times I will report on the rise of the Dow but it did it yet again yesterday (19/09/17). A new high was reached and at close the DJIA was: 22370 The outcome of the Federal Reserve’s policy meeting …

Markets
Record breakers

Record breakers. The record breaking highs just keep on coming as the Dow Jones Industrial Average yet again sets another record high on 18/09/17. The Dow Jones closed up at: 22331 The S&P 500 closed up at: 2503 The NASDAQ closed up at: 6454 For how much longer can these …

Markets
Dow Jones flying high again

Dow Jones flying high again New record high set by the Dow Jones Industrial Average. The DJIA closed up at: 22268 – yet another new record high!

Markets
FTSE 100 companies going ex dividend this week

FTSE 100 companies going ex dividend this week on Thursday 21st September 2017 Old Mutual PLC (OML) Taylor Wimpey PLC (TW.    

Markets
Sterling continues upward march

Sterling continues upward march. The pound bashed through $1.36 against the dollar on Friday (am 15/09/17) as the FTSE 100 falls back. Will it hold on to these gains?  

Investing
J D Wetherspoon reports

J D Wetherspoon reports. End of year accounts from J D Wetherspoon report sales and profits up! Profit before tax is reported at: £102.8 million (up from £80.60 million in 2016). Sales up by: 4% (like-for-like). Where else can you get such good value? J D Wetherspoon PLC (JDW) is …

Markets
Asian stock markets end the week subdued

Asian stock markets end the week subdued Investors appear to largely shrug off the latest provocation from North Korea as another missile is fired over Japan. Japan’s NIKKEI index closed up to end the week at: 19909 and South Korea’s KOSPI index closed up at: 2386. Hong Kong’s Hang Seng …