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Jan 6, 2024 | 
latestfinance.news | Helena Mueller
Andy Haldane: ‘Very, very optimistic’ about UK’s futureBig companies ignore the challenges of leaving the EU and invest billionsBut Haldane warns that rising interest rates are taking a toll on the economy. Britain’s post-Brexit outlook is improving as businesses supporting Brexit are now “getting on board”, the former Bank of England chief economist has said.
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Jan 6, 2024 | 
latestfinance.news | Helena Mueller
When will it be time to start lowering interest rates? This is the question on the lips of all City economists. It’s also a concern for millions of borrowers. Andy Haldane, former chief economist of the Bank of England and a hugely influential figure in the financial world, thinks it may be too soon. But he says it’s time for the Bank to stop threatening to increase them.
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Jan 6, 2024 | 
latestfinance.news | Helena Mueller
Marks & Spencer is winning the battle of the food aisles as figures show the revitalized retailer was the best-performing grocer in the run-up to Christmas. The High Street stalwart has been on a roll since chief executive Stuart Machin and chairman Archie Norman led a recovery that saw its share price more than double in the past year, propelling M&S back in the FTSE 100 index of leading companies after a fourth quarter. -year of absence.
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Jan 6, 2024 | 
latestfinance.news | Helena Mueller
The Scottish Oriental Smaller Companies investment trust has a perpetual mission: to find the best companies in Asia that will continue to grow regardless of what happens in the wider economy. This is an approach taken seven years ago when changing the investment team running the trust and which has served shareholders extremely well. Over the past one, three and five years, investors have enjoyed returns of 13, 42 and 48 percent.
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Jan 6, 2024 | 
latestfinance.news | Helena Mueller
The UK National Health Service (NHS) is investigating whether Palantir Technologies Inc. PLTR violated contract terms just one week after reaching a controversial deal. Palantir, charged with developing a patient data platform, launched an influencer marketing campaign to combat criticism of its work, potentially violating contract terms.
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Jan 6, 2024 | 
latestfinance.news | Helena Mueller
Martin Lewis explained HMRC’s new rules on Wednesday to anyone making money selling on sites like eBay, Vinted or Airbnb. The founder of the site MoneySavingExpert.com (MSE) wrote on X/Twitter: “In short, there is no new tax. Unless you are “trading”, the sale of your old items is not taxed.
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Jan 6, 2024 | 
latestfinance.news | Helena Mueller
The challenges facing the struggling eurozone, where inflation rose unexpectedly yesterday, are a clear illustration of why Britain was right to stay away 25 years ago, a former MEP has said who campaigned vehemently against the idea. But Rupert Lowe, a former Brexit Party MEP, believes Britain is still not reaping all the benefits of life outside the bloc because it remains chained to EU rules in too many areas.
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Jan 6, 2024 | 
latestfinance.news | Helena Mueller
Britain lags behind most other countries in savingUK households only put aside 3.25% of their disposable income, or £724 per year. Sweden reserves 10% while Switzerland reserves 17%UK savers are putting less money aside than in most other countries with similar levels of disposable income, data shows. UK households save £724 of their disposable income per year, an average of 3.25 per cent per year, according to new research from CityIndex.
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Jan 6, 2024 | 
latestfinance.news | Helena Mueller
Such has been the recent lackluster performance of the blue-chip FTSE 100 index that its 40th anniversary this week has been widely highlighted, but barely celebrated. But maybe 2024 should be the year you start seeing the Footsie as full of potential, rather than a source of disappointment? You could bet on its revival and, in the meantime, make the most of its big names’ bumper payouts – payments that include share buybacks.
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Jan 6, 2024 | 
latestfinance.news | Helena Mueller
European markets have been somewhat pessimistic this week, due to disappointing economic data and upcoming non-farm job cuts in the United States. ADVERTISEMENTEuropean stocks fell Friday afternoon, pressured by poor economic data from major economies like Germany and France earlier in the week. On Friday, euro zone inflation for December stood at 2.9%, above November’s 2.4%, mainly due to the end of several government subsidies.
