UK Interest rate on hold at 0.25% The Bank of England (BOE) holds UK interest rate at 0.25%. Growth forecast cut as economy predicted to remain ‘sluggish’.

Hyperloop One completes latest test Just seen this on Hyperloop One website – take a look. Hyperloop One has successfully completed a test of its high speed vacuum tube and pod transportation system. The pod was tested in a 500 metre vacuum tube reaching a speed of 192mph. See link …

Sterling trading up The £pound was up against the $dollar at $1.325 – as traders await the Bank of England policy decision due at midday 3rd August.

Asian markets fall The Japan NIKKEI Index was down 0.4% – The Hang Seng fell by 0.28% – The China A50 Index was also down 0.47% Notably, South Korea KOSPI Index had the largest fall of 1.7% The DOW Jones Industrial Average breaking through the 22000 milestone didn’t appear to …

Mixed bag for NEXT PLC NEXT PLC (NXT) reports sales at its stores were down but online sales through its NEXT Directory were up! Overall sales for period May – July 2017 were up by slightly less than 1% at 0.7% NEXT PLC share price was up 7.8% (03/08/17 at: …

Tesla revenues up but with losses Tesla revenues up but with losses. Tesla Inc., reported revenues yesterday (02/08/17) up on the same period last year (April to June 2017). Losses increased but the share price went up by 8%. Investors appear to be content about Tesla’s future prospects. It’s not …

Super Thursday At midday today the Bank of England (BOE) will announce its interest rate decision, latest inflation report and release minutes of the monetary policy meeting. I don’t intend to guess the outcome – I’ll leave that to the clever guys, you know – the analysts who never get …

DOW closes at record high The DOW Jones reaches milestone – breaking through 22000 to close at 22016 – that’s now six consecutive days of record highs.

FTSE 100 lower The FTSE 100 closed lower today (02/08/17) at 7411 Old Mutual PLC (OML) was the best performer up 2.8% to 203p and Standard Chartered PLC (STAN) was at the bottom of the pile down 6.1% to 795p

UK construction growth falls Latest construction survey data of purchasing managers out today (02/08/17) from IHS Market/CIPS show UK construction sector growth fell below analysts expectations. IHS Market/CIPS index fell from 54.8 in June to 51.9 in July. PMI data for the service sector due on Thursday 3rd August 2017