Weak US business investment, tepid profits cast shadow on economy
Weak US business investment, tepid profits cast shadow on economy US business investment contracted more sharply than previously estimated in the second quarter and corporate profit growth was tepid. Today’s new figures cast a shadow on an economy that is being stalked by financial market fears of a recession. Weak business spending, which has been […]
Sterling extends losses as Brexit impasse prevails
Sterling extends losses as Brexit impasse prevails Sterling fell today for a second day in a row, as investors waited for parliament’s next step to break the Brexit impasse and opposition leaders gathered to discuss tactics. The European Union’s Brexit negotiator, Michel Barnier, said Britain had yet to provide “legal and operational” proposals for an […]
Retail sales rebound in August – CSO
Retail sales rebound in August – CSO Retail sales increased 2.1% in August on an annual basis, new figures from the Central Statistics Office show today. On a monthly basis, the CSO said that retail sales jumped by 5.7% in August compared to July. Excluding the motor trade, which has been very volatile in recent […]
FTSE drops for 5th straight day after slew of profit alerts
FTSE drops for 5th straight day after slew of profit alerts London’s FTSE 100 fell for the fifth straight session on Thursday as profit warnings from tobacco firm Imperial Brands, Aer Lingus owner IAG and education company Pearson weighed down the blue-chip index. The FTSE 100 gave up 0.2pc, as Imperial and BAT shed 9pc […]
Mortgage approvals see annual rise of 4.1% in August
Mortgage approvals see annual rise of 4.1% in August New figures show that the number of mortgages approved rose by 4.1% in August on an annual basis, while they fell by 15.1% compared to July. The Banking & Payments Federation Ireland, which is urging an extension of the Help to Buy scheme in next month’s […]