Finance

FTSE 100 closes higher

FTSE 100 closes higher The FTSE 100 closed higher on Thursday (03/08/17) – up 63 points to close at: 7475 Best FTSE 100 performer was: NEXT PLC (NXT) – shares up by 9.7% on the day. Worst FTSE 100 performer was: ConvaTec Group PLC (CTEC) – down by 6.4%

Finance

What is the relationship between interest rates, consumer spending & debt?

Interest rates, consumer spending and debt What is the relationship between interest rates, consumer spending & debt? If personal debt levels are rising to abnormal levels again and if the UK recovery is relying on the consumer to spend more – surely the UK’s low interest rate policy is simply …

Finance

£ Pound falls back

£ Pound falls back The £pound has fallen back against the $dollar to £1.31 (earlier, before the BoE interest announcement, the £pound was at $1.325). The FTSE 100 has climbed to 7450 after the Bank of England news.

Finance

UK Interest rate on hold at 0.25%

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’.

Finance

Sterling trading up

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.

Finance

Asian markets fall

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 …

Finance

DOW closes at record high

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.

Finance

FTSE 100 lower

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

Finance

Apple shares up

Apple shares up Apple Inc. produced stellar results yesterday (01/08/17) and its share price has zoomed today – up in early trade by 6% to $159.00 Its not just down to hardware either – all areas of the business have done well including: Apple Pay, App Store, its cloud service …

Finance

DOW does it again – closes at record high

The DOW Jones Industrial Average didn’t quite make it to 22000 today (01/08/17) and closes at: 21966 This is the fifth day straight that the DOW makes new records – will it be 22000 and six days of consecutive records tomorrow? The NASDAQ and the S&P 500 also finished higher.