Еquities markets in Europe were higher Monday on new data showing that manufacturing was up in the United States, the UK and China in July. The Institute for Supply Management reported its factory index at 48.9 in July, more of …
Essar Energy adds 3 percent in mostly lower London energy sector
European equities markets were lower Tuesday on a third consecutive monthly drop in German investor confidence, higher inflation in the UK, disappointing corporate results, and an unexpected decline in new housing starts in the United States. The Commerce Department reported …
Banks lower as FTSE loses 1.32%
Despite general gains throughout the day, the FTSE 100 was down 1.32% (79.73 points) by the end of trading as the markets saw profit selling and taking after gains over recent months. Banks tended to especially lose out after performing …
Banks and energy leads London up
ondon trading saw a return of confidence, not least after Japan and China affirmed their commitment to buying up European bonds to support the regions sovereign rescue fund. Banks gained from increased investor confidence, with Barclays (BARC) leading the rally, …
New car sales plunge by over 20 percent
As the current economic downturn brings together falling consumer confidence levels and heightened insecurity, the motor industry has borne the brunt of the downturn. The latest figures produced by the Society of Motor Manufacturers and Traders (SMMT) show that car …
Inflation for Pensioners runs ten times higher than average rate
The Institute for Fiscal Studies (IFS) has found that using a survey that focuses on a typical basket of goods for those over 60, the IFS has found that inflation for pensioners is running at 5.4 percent in January whilst …
Mortgage lending down 28 percent and number of first time buyers continues to fall
According to the Council of Mortgage Lenders the number of mortgages given to first time buyers has fallen to a new low with just 23,400 in January. Although the new year period is always quiet in the housing market a …
IMF deal and international unity at the centre of G20 summit
In order to deal with the global economic crisis the G20 summit has been seen as a critical point whereby the world’s biggest economic powers much show unity in the face of adversity in order to tackle the crisis effectively. …
Little support for the chocolate tax
GPs have called a halt to the notion of chocolate being taxed in a similar way to alcohol and cigarettes although Dr David Walker actually the driving force behind the idea at a BMA Scotland conference in Clydebank. The benefits …
Crude, precious metals prices fall; base metals mixed
Crude oil prices fell again Friday, with March contracts for West Texas Intermediate crude down $1.23 to $74.85 per barrel at about half an hour before the close of floor trade on the New York Mercantile Exchange, while March Brent …