UK inflation fell to 9.9% in August, returning below double-digits after hitting a 40-year record of 10.1% in July. Falling petrol prices were the main driver behind the inflation slowdown, with the annual rate for motor fuels easing to 32.1% from 43.7%, as a result of petrol prices falling 14.3p per litre over the period. […]

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Global investment bank Nomura cut its Chinese GDP forecast against on the latest wave of Covid lockdowns. The lockdown of Sichuan Province capital Chengdu last week sent fears for production surging as the 21 million population joined a continued shutdown for tech hub Shenzhen. Nomura confirmed approximately 12% of China’s GDP was currently impacted by […]

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Shell has come under fire for overcharging customers after overcharging 11,275 prepayment customer accounts on its default tariffs. The energy giant is set to refund £106,000 to UK consumers, which will be issued automatically to overcharged accounts. Shell will also pay £400,000 to Ofgem’s voluntary consumer redress fund and £30,970 in goodwill payments to households, […]

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The TUC announced its case for a £15 minimum wage for UK workers today, as the cost of living crisis continues to bite. Soaring 10.1% inflation has sent the price of goods from food to fuel beyond the reach of many consumers across the country. The trade union advocated for higher wages to be “at […]

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Energy and Business Secretary Kwasi Kwarteng announced a proposal to provide additional relief for energy intensive industries in a statement released today. Companies with a high rate of electricity usage, such as steel and paper mills, were suggested as contenders for new proposals to subsidise electricity costs under a consultation for the Energy Security Strategy. […]

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The Bank of England announced its decision to hike interest rates a whopping 0.5% to 1.75% in its meeting today, representing the highest level since 2009. The move comes in a bid to tackle soaring inflation, which currently stands at a 40-year record of 9.4% and was previously estimated to reach 11% in October this […]

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OPEC+ has reportedly chosen to raise its oil output by 100,000 barrels per month in its latest meeting on Wednesday. The increase is set to cover a mere 86 seconds of international demand, and was described as “so little as to be meaningless,” according to Eurasia Group managing director for energy, climate and sustainability Raad […]

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The price of oil fell below the $100 mark ahead of the OPEC+ meeting today, with benchmark Brent Crude dipping to $99 per barrel. The market currently expects producers to keep a steady output, with little to no change in production as supply fears persist on the back of the Russian war in Ukraine. “There […]

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The housing market still has some momentum as house prices rose 11% year-on-year in their 12th consecutive month of growth, according to the latest report by Nationwide. Despite the ongoing cost of living crisis and soaring 9.4% inflation, high employment and a limited supply of homes kept prices climbing higher even amid the volatile market […]

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The price of oil took a hit on Monday after China reported a manufacturing purchasing managers’ index result below analyst estimates of 49.0 from the expectation of 50.4. The price of Benchmark Brent Crude fell to $102 per barrel, with the soaring prices enjoyed by the commodity on the back of the Ukraine war starting […]

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China reported a manufacturing growth below market estimates, following on from its dramatic slowdown in economic activity last month to 0.4% growth, coming far below analyst expectations of a 1.2% forecast. China’s manufacturing purchasing managers’ index slid to 49.0 in July from 50.2 in June, dropping beneath the market estimated of 50.4. Analysts confirmed the […]

The post China manufacturing growth report misses market expectations on Covid lockdowns impact appeared first on UK Investor Magazine.

The Financial Conduct Authority (FCA) announced the introduction of a new Consumer Duty on Wednesday, which is set to raise the standards for how financial firms treat customers. The Duty will reportedly allocate higher and clearer standards of consumer protection across the financial services industry, with the move coming as part of the FCA’s transformation […]

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Retail sales across the UK fell 0.1% in June, according to the latest figures from the Office of National Statistics (ONS). The organisation also downgraded its retail figures in May to a 0.8% drop from its initial estimate of 0.5%. “The bottom lines is people are buying less. Big ticket items are being put on […]

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Russia has officially defaulted on its foreign debt, marking the first time in a century that the country has failed to complete its payments. Russia reportedly defaulted on $100 million of coupons on two Eurobonds due in May, after which the country received a 30-day period to make the payments, which expired on Sunday. Putin’s […]

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The FTSE 100 closed up by 2.6% at 7,208.8 on Friday, clawing back ground in a turbulent week for the markets. Markets have contended with soaring inflation and the prospect of a central bank induced recession in the first half half of 2022 and UK stocks have provided investors with a dismal performance. “As we […]

The post FTSE 100 claws back ground as consumer confidence hits record low appeared first on UK Investor Magazine.

Consumer confidence hit a record low after dropping two points to minus-40 points in May, according Growth from Knowledge (GfK). The GfK Consumer Confidence Barometer recorded its lowest score since records began in 1974, exceeding reports from the heights of the 2008 financial crash at minus-39 points, along with the effects of Brexit and the […]

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The FTSE 100 was up 0.2% to 7,103.6 in early afternoon trading on Thursday as the market recovered slightly from the barrage of selling in earlier trading. “Red was the dominant colour on the markets across Asia and Europe, following a similar showing on Wall Street last night. Investors just cannot find a good enough […]

The post FTSE 100 bounces after brutal equities sell-off appeared first on UK Investor Magazine.

Government borrowing hit £14 billion in May 2022, representing a £4 billion decrease against 2021 levels, however the borrowing rate was £8.5 billion higher than pre-pandemic levels in May 2019. The Office of National Statistics (ONS) reported £66.6 billion in central government receipts, representing a year-on-year rise of £3.4 billion, including £48.3 billion in tax […]

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Bitcoin fell by 10% to below $25,000, marking its lowest rate since December 2020, and Ether slid by 13% to beneath the $1,270 level to its cheapest rate since January 2021. Investors dropped the famous crypto assets like a hot potato as inflation fears set into the cryptocurrency hype, and sent multitudes of people fleeing […]

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The FTSE 100 took a hit of 2.1% to 7,317.5 at close of trading on Friday, after US inflation was revealed to have surged to a 40-year high of 8.6% in May this year. Global equity markets sank, with the NASDAQ down 3.1% to 11,390.1, the Dow sliding 2% to 15,155.4, the German DAX falling […]

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US inflation rates hit a 40-year record high of 8.6%, representing a harsh increase from its May level of 8.3%. The rising inflation was triggered by surging energy prices, with the conflict in Ukraine continuing to drive prices to uncomfortable heights and the benchmark Brent Crude price hovering around $120 per barrel at its peak […]

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Chancellor Rishi Sunak has been accused of throwing away £11 billion in taxpayer funds by overpaying for interest servicing government debt. Recent comments by the National Institute of Economic and Social Research (NIESR) said Sunak failed to insure against interest rate growth on £900 billion in reserves created through the quantitative easing programme. According to […]

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The UK economy shrank by 0.1% in March, according to the latest report from the Office of National Statistics (ONS) reported today. The ONS confirmed that GDP fell by 0.1% in March after no growth in February, revised down from 0.1% growth, however the economy grew by 0.8% overall in Q1 2022. “The UK economy […]

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On Wednesday, Chancellor Rishi Sunak set out his spending review detailing how much will be spent on public services, lamenting the “economic emergency” that the UK government faces as the coronavirus pandemic rages on. He explained the measures the government is putting in place to “protect people’s jobs and incomes”, with a £280 billion pledge […]

The post What do investors make of Sunak’s spending review? appeared first on UK Investor Magazine.

With the UK suffering more than most at the hand of the COVID pandemic – and watching its GDP shed 19.8% during the second quarter – it appears only natural that investors are chomping at the bit, and trying to climb aboard the British economic recovery train. Having displayed some optimism following Pfizer and Moderna […]

The post Three fund picks to see your portfolio build back better during the UK recovery appeared first on UK Investor Magazine.

UK inflation has edged up to 0.7% in October. The inflation rose from 0.5% in September and was pushed up by rising clothing prices, food, and second-hand cars. Clothing prices rose by 2.8%, whilst the price of food increased by 0.1% between September and October. Jonathan Athow from the Office for National Statistics said: “The […]

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After a harsh year for oil traders, in which some blue chip equities hit twenty-year lows, the short-lived enthusiasm for a COVID vaccine has seen oil prices slump once again at the end of the week. Speaking on Thursday, the IEA reiterated the sentiment of other sceptics, saying that, “It is far too early to […]

The post Oil prices fall again with demand not expected to recover until ‘mid-2021’ appeared first on UK Investor Magazine.

A new report by SWNS Digital found that more than half of Brits have no idea what their current credit score is, raising concerns of a “huge impact” on their financial health. The survey, conducted via OnePoll and commissioned by Experian (LON:EXPN) to mark the launch of its new credit score improvement service Experian Boost, […]

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The UK’s GDP surged by 15.5% in the third quarter, hitting record-breaking Q3 growth. According to the Office for National Statistics, the growth is the largest quarterly growth ever recorded. Despite the record growth, the GDP has still missed expectations and continues to be 9.7% less than before the pandemic. The surge in the economy […]

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New surveys of business activity have raised concerns of a pre-Christmas slump due to the latest Covid-19 restrictions. With lockdown 2.0 now in full swing, widespread store closures and thousands back on furlough, business activity has already taken a sharp dive into the negative, according to two separate studies by accountancy firm BDO, and the […]

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Vietnam is one of the few countries which has emerged from the Covid-19 pandemic in relatively good shape. To date, the South-East Asian country has registered just over 1,100 cases and only 35 deaths, thanks to a prompt and proactive response in clamping down on the virus early on in the year, and subsequently its […]

The post Vietnam: How Asia’s blossoming economy tackled the pandemic appeared first on UK Investor Magazine.

New data from the CBI distributive trades survey has shown retail sales in October to fall to -23%. After an 11% growth last month, new social distancing measures are taking a toll and retail sales are indicating the biggest drop in sales since June. Grocery sales have remained flat whilst retailer stores are reporting a […]

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Between the US economy being among the worst-hit by the COVID pandemic; the Biden poll lead narrowing; and Nancy Pelosi implementing a deadline for new stimulus measures to be announced, all US equities suffered on Monday. However, the Nasdaq led Monday’s losers, with the tech-laden index weighed down by the falls posted by big tech […]

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According to data from the OECD, Statista and the World Bank, the global economy is set to lose $3.94 trillion in ‘real GDP’ in 2020, due to the COVID pandemic. We should understand real GDP as a measure of the sum of goods and services produced by a country, with factors such as inflation factored […]

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The FTSE 100 rose 0.3% after the bell on Monday amid news that the US stimulus bill might be possible. Despite the small rise, increases in the blue-chip index remained muted fears of new Coronavirus restrictions and Brexit concerns. The FTSE 100 had slower growth as the pound shot 0.3% higher against the dollar and […]

The post FTSE 100: What contributed to Monday’s rise? appeared first on UK Investor Magazine.

The latest figures from China have shown the country’s economy to have grown 4.9% between July and September. It is the second consecutive quarter of growth and whilst it is lower than analyst expectations of 5.2%, the figures suggest economic recovery from the pandemic. In the first three months of the year, China’s economy fell […]

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You’ll likely of heard of the fury stirred up by today’s mutiny, with high-profile Labour MP, Mayor of Greater Manchester and ‘King of the North’, Andy Burnham, refusing to implement Tier 3 restrictions on his home city. Why is he doing it? Well, because he’s probably gauged that a second lockdown won’t be popular in […]

The post Why does ‘King of the North’ Andy Burnham matter? appeared first on UK Investor Magazine.

The FTSE 100 rose 0.5% on Friday’s opening, despite the new figures showing GDP to rise at a slower rate than expected. Instead, investors focused on the idea of more stimulus in the US after Donald Trump initially cancelled talks on Tuesday. The blue-chip index rose to 6,009 points, whilst the FTSE 250 increased by […]

The post FTSE rises despite economy’s slowed growth appeared first on UK Investor Magazine.

The UK economy’s growth slowed down over August to just 2.1%. City forecasts were expecting a 4.4% growth despite the government’s efforts through the Eat Out to Help Out scheme. According to the Office for National Statistics, the new figure means that Britain’s Gross Domestic Product through August was 9.2% lower than it was during […]

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Speaking on one of the world’s largest and fastest-growing economies, Fund Manager of the India Capital Growth Fund (LON:IGC), David Cornell, told the UK Investor Magazine what to be excited about as India recovers from the Covid slump. What makes India’s economy tick, and how is it innovating? According to Mr Cornell, India’s tech sector […]

The post India Capital Growth Fund says aspirational Indians are ‘biggest opportunity on the planet’ appeared first on UK Investor Magazine.

Ravaged by more than 8 million Covid-19 cases, and at least 328,000 reported deaths, Latin America’s virus crisis seldom makes the headlines in the UK media, yet it remains the most affected region in the world by the ongoing coronavirus pandemic. ‘The fear for many is that the region has tried to do too much, […]

The post Latin America: is an economic recovery viable? appeared first on UK Investor Magazine.

New figures from the Office for National Statistics (ONS) have consolidated suspicions that the UK economy suffered its largest quarterly fall on record between April and June this year due to the impact of the coronavirus pandemic. Gross domestic product – GDP – fell by 19.8% in the second quarter of 2020, in what has […]

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The price of gold hit a six-week low on Thursday, wavering against the “robust” performance of the US dollar. A lack of additional economic stimulus from central banks has seen investors lose some interest in the precious metal, which is often treated as a safe haven-esque hedge against inflation and market turbulence. August saw gold […]

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New data presented by Buy Shares has revealed that 14 of the world’s largest banks cumulatively lost $635.33 billion in market capitalisation during the coronavirus pandemic. Some of banking’s biggest names were found to have suffered huge losses, with America’s Wells Fargo down -56.26% in market cap, followed by Spain’s Banco Santander at -46.16%. The […]

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The UK government’s public debt has surpassed £2tn for the first time. According to figures from the Office for National Statistics (ONS), debt has jumped £228bn over the last year amid the coronavirus pandemic. Borrowing between April – July was “the highest borrowing in any April to July period” since records began in 1993. Debt […]

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On Wednesday, data collected by the Office for National Statistics (ONS) showing two quarters of consecutive GDP decline confirmed what many have been expecting since the impact of the coronavirus pandemic first struck the economy at the start of the year: the UK is officially in recession. After a record contraction of 20.4% between April […]

The post “Hard times are here” as UK plummets into recession appeared first on UK Investor Magazine.

The FTSE 100 index (INDEXFTSE:UKX) has dipped 1.54% or 96.70 points on the back of Tuesday’s gloomy Summer 2020 Economic Forecast published by the European Commission (EC), projecting an 8.7% contraction of the economy across the year – significantly worse than the earlier 7.7% prediction from the EC’s Spring Forecast back in May. Despite the […]

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The FTSE 100 index (INDEXFTSE:UKX) has dipped this afternoon by 1.16%, despite being on course to record its best quarter since 2010, at the tail-end of the financial crisis. Ongoing concerns surrounding coronavirus have weighed heavily on markets for the past few weeks, and PM Boris Johnson’s announcement of a New Deal-style spending spree has […]

The post FTSE slips while US markets rally – a mixed bag for global equities appeared first on UK Investor Magazine.

UK Prime Minister Boris Johnson has vowed to spend billions of pounds to rescue the economy, as the country fast approaches a looming economic fallout in the wake of the coronavirus pandemic. Early on Sunday, Johnson took to Twitter to announce his plans to build the country’s way “back to health”. In an interview with […]

The post Boris pledges billions to rescue economy – but is it destined to be yet another broken promise? appeared first on UK Investor Magazine.

The UK’s Chancellor of the Exchequer Rishi Sunak has warned that there are “tragic projections” for unemployment in the months ahead in a dire reflection on the impact of the coronavirus pandemic on the UK economy. Scrambling to recover Despite the success of the government’s furlough scheme and the much-needed boost from the Bank of […]

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The International Monetary Fund (IMF) has announced that the global economy will suffer a $12 trillion hit as a result of the coronavirus pandemic, according to new analysis released as part of the organisation’s June 2020 World Economic Outlook update. Some of the report’s grim projections include a 4.9% shrink in the global economy over […]

The post IMF says coronavirus crunch worse than predicted appeared first on UK Investor Magazine.

A new report, Manufacturing and Brexit, published by UK-EU think tank UK in a Changing Europe has outlined the extraordinary impact that Brexit is expected to have on the manufacturing sector, just as the industry fights to overcome the challenges posed by the coronavirus pandemic. The research, collated by the Economic and Social Research Council […]

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The FTSE 100 (INDEXFTSE: UKX) surged by 81 (1.3%) points to reach 6,326 at its peak on Tuesday after PM Boris Johnson announced further lockdown easing measures and reports indicate that the UK’s economic activity is beginning to pick up. Markets were buoyed by good news on Tuesday, but the long-term implications of the coronavirus […]

The post News round-up – markets rally as lockdown eases appeared first on UK Investor Magazine.

Bank of England governor Andrew Bailey candidly revealed the true extent of the impact of the coronavirus pandemic on the UK economy, admitting that Britain reached the brink of insolvency in the early stages of the outbreak. If the Bank had not intervened, the government would have faced a “market meltdown” and struggled to fund […]

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The FTSE 100 (INDEXFTSE: UKX), DAX (INDEXDB: DAX) and CAC 40 (INDEXEURO: PX1) all opened with an underwhelming performance on Monday morning, dropping over 1% as markets responded to mounting fears of a second wave of coronavirus. By mid-morning, both the DAX and the CAC 40 had recovered, up 0.4% – however the momentum trailed […]

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The UK’s annual inflation rate tumbled to a record four-year low to 0.5% in May this year, driven by falling fuel and clothing prices as demand dwindled during the height of the coronavirus pandemic. According to the Office for National Statistics (ONS), plummeting fuel prices – down 16.7% in May – pushed Britain’s Consumer Price […]

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The Labour party has called for an emergency budget to be released this summer in anticipation of soaring unemployment levels once the government’s furlough scheme is fully terminated in October. Shadow Chancellor Anneliese Dodds has urged Rishi Sunak to deliver a “full budget” aimed at preventing unemployment, improving skills training and giving more substantial support […]

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Sustainable Investment, defined by the Forum for Sustainable and Responsible Investment as “an investment discipline that considers environmental, social and corporate governance (ESG) criteria to generate long-term competitive financial returns and positive societal impact”, is a rapidly growing industry. A Financial Times article published earlier this year revealed that “$17.5tn out of the $79tn of […]

The post Why Asia has yet to embrace sustainable investment, and why it should appeared first on UK Investor Magazine.

On Thursday, American President Donald Trump characteristically took to Twitter to express his rejection of the Federal Reserve’s grim economic forecast, as the FTSE 100 sank 3% to 6,132 during afternoon trade amid concerns over the longer-term impact of the coronavirus pandemic. Claiming that the Federal Reserve is “wrong so often”, Trump’s tweet comes a […]

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The Chancellor of the Exchequer, Rishi Sunak has unveiled the latest budget by the government this afternoon. Over the last few weeks, the global population have been trying to combat the ongoing coronavirus epidemic. Since its initial spread, the coronavirus has affected Europe in a manner which is larger than anticipated. Italy seem to have […]

The post Rishi Sunak unveils new budget plans to mitigate coronavirus impact appeared first on UK Investor Magazine.

Electronics and electrical equipment company Mitsubishi Electric Corporation (LON: MEL) posted its first half results on Halloween, only to see its fundamentals spooked by the turbulent macro economic landscape. Elsewhere in the tech sector, other companies have fared better. Echoh PLC (LON: ECK) boasted strong first half results, dotDigital Group plc (LON: DOTD) saw their […]

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Source: Richards, C. (2019), Office for National Statistics With discussion of a looming recession gaining traction with weakness in growth indicators, fundamentals and bond market inverted yield curves, today’s announcement from the Office of National Statistics has if anything compounded already tentative market sentiment. UK GDP (‘economy’) contracted by 0.2% against analysts’ predictions, making it […]

The post UK GDP contracts 0.2% during Q2 in its first dip since 2012 appeared first on UK Investor Magazine.

The UK service sector has seen its fastest growth since January, despite continued anxiety over Brexit uncertainties. Despite an initial slowdown, British hotels and banks look to cap off the year with solid performances suggesting a resilient UK economy. According to the Markit/CIPS, UK services PMI rose to 55.2 in November up from 54.5 the […]

The post Uk service sector defies projections appeared first on UK Investor Magazine.

Debenhams (LON:DEB) reported a 10 percent drop in profits on Thursday, as the department store saw a decrease in clothing sales. The UK’s second largest retailer reported a 7 percent slide in pre-tax profits to £105.8 million in the three months to September. However, underlying profit margins rose by 0.5 percent to £118.2 million. Additionally, […]

The post Debenhams report a 10% drop in profits appeared first on UK Investor Magazine.

Manufacturing exports have benefited significantly from the weakness of the pound, according to the latest data by the Confederation of British Industry (CBI). The industrial trends survey has revealed that exports grew by their fastest pace in over two and a half years in the three months up to October. The data showed around 29 […]

The post Manufacturing exports boosted by sterling weakness, CBI says appeared first on UK Investor Magazine.

  A ‘Hard Brexit’ may cost the finance industry around £38 billion and up to 7500 jobs, according to a report released today by lobbying group TheCityUK. Should the UK leave the single market and pursue a ‘Hard Brexit’ there could be serious implications for the security of the financial sector, the report concluded. It […]

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RBS bank has been delivered a £846m ($1.1bn) fine, after investigations into its involvement in causing the 2008 financial crash. The fine is to be one of three scheduled, after extensive investigations conducted by the National Credit Union Administration (NCUA) board. This most recent fine is however, included within the stipulated £3.8bn that the bank […]

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