Chinese Reprieve boosts Apple and Gap, Global Recession Fears Continue Tech giant Apple received a boost this week, as the US president delayed tariffs on $300 billion worth of Chinese goods, including laptops and mobile phones. Trump’s threat to impose the tariff from the 1 September caused Apple’s share price to fall by 6%…
UK Second Quarter GDP Official data on Friday showed second-quarter GDP contracting by 0.2%. This means the British economy shrank for the first time since 2012. Almost all analysts had predicted GDP to go down from the first quarter’s 0.5% growth, but nobody expected to see the economy contracting. Most analysts were expecting flat line…
Weight Watchers – Potential? Popular health company Weight Watchers (WW) has undergone significant changes, resulting in tremendous growth and recognition throughout the industry. Due to a successful rebrand, where Weight Watchers transitioned from a fat-loss company to a comprehensive wellness provider, WW might garner the potential investors crave. Since the rebrand, WW have…
Screaming for a Deal In its August 2 MPC meeting, the Bank of England held its policy rate fixed at 0.75 percent keeping it stable for a year after it was hiked by 25 basis points in August 2018. Since then a lot has changed. Hope of an EU withdrawal deal has translated into…
UK Manufacturing and Services Sector PMI in July July’s manufacturing purchasing managers index (PMI) came out as 48.0, slightly better than the expected 47.7. Results were the same as in June that saw manufacturing PMI drop to a six-year low last seen in February 2013. On the other hand, UK’s July services PMI came out…
The Retail Sector in 2019: Can Debenhams follow the strategy of Next? Companies in the retail sector have not been at their best lately, with major names such as toys retail giant Toys R’ Us officially closing down last year. Following a disastrous end in 2018 for the entire sector, where the General Retailers Index…