On Thursday, the Bank of England (BoE) voted unanimously to leave the benchmark interest rate and its asset purchase facility unchanged. The BoE took note of Brexit-related uncertainties and its concerns for global growth in making its decision. However, many experts from firms such as Rabobank and ING have noted that the narrative in the…
The UK 100 had had a positive run this week, buoyed by UK GDP figures and manufacturing production data that showed that the UK economy was growing, buoyed by an increase in economic activity in the manufacturing sector. After having hit week highs of 7387.32, profit taking has set in and the UK 100 is…
EasyJet operates more than 1,000 routes in over 25 countries and is a popular airline for many travellers looking to travel quickly and easily. But for investors, the airline industry has not always been easy to navigate. The industry can be very volatile, depending on numerous factors that are currently prevalent in the UK including…
Discount sportswear chain Sports Direct has scored a spectacular own goal this week after auditor Grant Thornton quit, leaving the chain just one week to find a new firm. It’s the latest incident in a cloud of controversy for the retailer – it’s AGM on Wednesday promised scandal before it had even started when founder,…
As the deadline for PPI compensation finally arrived after eight years, banks were hit by a flurry of last-minute claims, which has had a knock-on effect on share prices. The misselling of Payment Protection Insurance has been one of the expensive scandals to hit British banking, costing over £50 bn in compensation. Ahead of the…
Is Uber stuck in a jam? Ride-sharing firms, Uber and Lyft have taken huge hits this week, with share prices reaching all-time lows, as a new California law looks likely to come into play. Uber shares were down to $30.70, a 5.7 per cent fall, and a 34 per cent slump from their closing peak…