CITY VIEWS: IS THE WORST NOW OVER FOR THE BRITISH HOUSING MARKET? May 21, 2009 DAVID THOMSON CHARTERED INSURANCE INSTITUTE“Small shifts in mortgage and house price data is just a blip. The housing market won’t return in terms of volume for several months. Consumers need to feel that there’s an upturn, and buyers need to know they can return to the market with confidence.” GRAHAM RIVERS WIN PLC“Easter always brings an [...]
INFLATION NO THREAT TO THE DOLLAR June 2, 2009 BORIS SCHLOSSBERGDIRECTOR OF CURRENCY RESEARCH, GFT OVER the past two weeks, the US dollar has been battered from all sides, hitting yearly lows against the euro, pound and all Commonwealth currencies. Economic data has shown steady improvement, giving investors more confidence to move their capital into higher-yielding, riskier currencies. But the growing fear that US [...]
INFLATION NO THREAT TO THE DOLLAR June 2, 2009 BORIS SCHLOSSBERGDIRECTOR OF CURRENCY RESEARCH, GFT OVER the past two weeks, the US dollar has been battered from all sides, hitting yearly lows against the euro, pound and all Commonwealth currencies. Economic data has shown steady improvement, giving investors more confidence to move their capital into higher-yielding, riskier currencies. But the growing fear that US [...]
INFLATION FEARS STILL ON THE CARDS July 5, 2009 JANE FOLEYRESEARCH DIRECTOR, FOREX.COMLAST week brought confirmation that prices actually fell in the Eurozone in June. The consumer prices index (CPI) fell 0.1 per cent year-on-year, in sharp contrast to the European Central Bank’s (ECB) mandate which directs it to keep inflation at, or a little below, 2.0 per cent year-on-year. The complete absence of [...]
The FSA’s enforcement Queen says she will not stop fighting big cases July 21, 2009 IT is never easy to focus on the task at hand when the future of your organisation is in doubt – so even the Financial Services Authority’s (FSA) sternest critics should spare a thought for the beleaguered watchdog’s staff, who are all wondering what will happen to them over the next 12 months. But many [...]
The FSA’s enforcement Queen says she will not stop fighting big cases July 21, 2009 IT is never easy to focus on the task at hand when the future of your organisation is in doubt – so even the Financial Services Authority’s (FSA) sternest critics should spare a thought for the beleaguered watchdog’s staff, who are all wondering what will happen to them over the next 12 months. But many [...]
Iata: airlines will lose $9bn in 2009 as downturn bites June 8, 2009 AILING airlines across the world face losing $9bn (£5.7bn) by the end of the year, the International Air Transport Association (Iata) said yesterday, almost doubling the estimate it made in March. Iata’s director general Giovanni Bisignani said it was “the most difficult situation the industry has faced”. British Airways’ chief executive used the data to [...]
Businesses back BA tie-ups May 19, 2009 SUPPORT came for flag carrier British Airways (BA) yesterday, after Sir Richard Branson hit out against the group’s intended tie-up with American Airlines (AA) and Iberia. Branson, who owns Virgin Atlantic airlines, had said a merger between BA and AA would create a “monster monopoly” of airline groups, which would lock out competition, and muscle [...]
Businesses back BA tie-ups May 19, 2009 SUPPORT came for flag carrier British Airways (BA) yesterday, after Sir Richard Branson hit out against the group’s intended tie-up with American Airlines (AA) and Iberia. Branson, who owns Virgin Atlantic airlines, had said a merger between BA and AA would create a “monster monopoly” of airline groups, which would lock out competition, and muscle [...]
UK SERVICES SECTOR OUT OF RECESSION June 3, 2009 A SURPRISE return to growth for the services sector recorded in May boosted hopes yesterday, suggesting that Britain could be the first major economy to recover from the financial crisis. The CIPS/Markit UK services sector purchasing managers’ index (PMI) released yesterday recorded a reading of 51.7, above the critical 50 mark that separates expansion from [...]