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’.

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 …

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

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 …

Weak UK economic data reported The Office for National Statistics (ONS) has been busy with their data releases this morning. Three sets of data reported… (1) The UK’s trade deficit widens in May. The deficit for goods and services increased by £1 billion to £3.1 billion according to the ONS. …

EU and Japan Trade Agreement The European Union and Japan agree a free trade deal. Presumably this agreement will strengthen the EU leadership and leave the UK on the outside of the benefits. European council president Donald Tusk and European commission president Jean-Claude Junker must be delighted. All leaders hail …

UK productivity falls The productivity of UK workers has fallen back to pre-financial crisis levels of 2007 a report by the Office for National Statistics (ONS) shows. Productivity has still not recovered to levels before the financial crisis. Stagnation Austerity measures, public sector pay, government spending all become much more …

Beginning of the end of the car internal combustion engine? Volvo announced today (5th July 2007) that it intends to build all new cars from 2019 with electric motors. According to the statement released, Volvo cars will either be electric or hybrid from 2019. With Tesla announcing the new low …

Interest rates low – 10 Year Anniversary It’s been ten years since the last UK interest rate raise. On 5th July 2007 the Bank of England raised rates to 5.75% and now, ten years later, the rate is 0.25% with the next UK rate decision due on 3rd August 2017. …