UK News
Economy Expected To Withstand Pressure
The US dollar rose against the euro after better than expected UK retail sales figures led many to believe that the worlds largest economies will withstand the period of economic pressure.
The UK retail sales figures for May were the highest on record, leading to the pound gaining against all major currencies. This is interesting considering [...]
Dollar Strength On The Agenda
Yesterday early gains for the euro were negated when the dollar made a sharp recovery following comments by the Federal Reserve chariman, that reiterratted the Treasury Secretary Henry Paulson’s comments on the third of June following comments yesterday from Federal Reserve chairman Ben Bernanke, the dollar pulled back euro gains from earlier in the day. [...]
Credit-loss Speculation Sends Euro Down Against USD
After the much publicised credit-losses that have hit the large US banks and financial institutions over the past 10-months, speculation of similar credit-losses affecting European and British banks has sent the GBP and the EUR down against the USD in the currency markets.
Last week we saw the dollar strengthening against the euro by shaving-off over [...]
Tough Times For Financial Services Job Seekers
The fall-out from the credit crunch being felt across the US financial-services sector as well as in Europe; top banks and financial institutions in the US and Europe have been axing jobs and cutting back salaries in an attempt to steady-the-ship after the large-scale economic slowdown.
According to ShareCast, up to 40,000 jobs in the UK’s [...]
Is The Euro Ready To Retrace?
The US dollar has increased against the euro with speculation of a euro-zone slowdown. US productivity in March was better than expected, which led to a USD rally against the euro.
The pound also fell against the USD as UK consumer confidence fell to a four year low in March.
“Market sentiment is shifting to a more [...]
Save By Switching From ‘Big Five’ Banks
The UK consumer banking sector has come under the scrutiny of various financial bodies with some interesting results.
Back in February we reported that the ethical bank Co-operative and Smile beat off competition from over 40 other banks and building societies for customer satisfaction.
A recent Which? Money reported that only nine of the 64 Which? Money [...]
Watchdog Names Co-operative Overall Winner
The Co-operative Bank is well known in the UK for offering ethical banking services. However, a recent survey shows the bank to be leading the way when it comes to customer service.
A recent BBC programme, “Watchdog” carried out a survey covering 45 different UK banks and building societies, including the internet bank Smile (part of [...]
UK Economy Under Threat
The Bank of England gave a hawkish outlook, against market expectations. It’s unlikely that interest rates will be cut as much as expected.
The BoE predicts tighter credit conditions, slowing investment and reduced consumer demand for the UK. This could lead to a slow-down that is far worse than originally thought back in November.
It looks likely [...]
CeresPower - Tech-Stock With Potential
Tech-stock investors will have their eyes on CeresPower as they await further positive news from an innovative and environmentally friendly idea.
The company took several steps closer to the consumer market this week. CeresPower are a technology firm specialising in the production of fuel cells.
In 2003 CeresPower won The Sunday Times Carbon Trust Innovation Award for [...]
Profits for Premium Retailer
With the recent swath of poor interim results hitting most of the high street retailers discussed here, it’s good to see a non-FTSE 100 retailer producing good figures.
In Ted We Trust
The motto found on the underside label on Ted Baker ties (and possibly other items of clothing) certainly seems to ring true for Ted Baker’s [...]
