As traders recently turned bullish on the sterling for the first time in three months, analysts believe the UK economy, which spent most of 2023 on the rim of recession, is on the rise. Bloomberg reports that stocks are also stronger, according to the latest retail statistics. Realistically, this outlook can sour very quickly, especially…
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What to watch Carmax: Over the past three months, Carmax has delivered an astonishing recovery. Its share price is up 11.7% year-to-date but has gained more than 100% in the past three months alone to dig itself out of a deep hole. The firm, which provides an online marketplace for buying and selling used and…
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FTSE 100 gains as furlough scheme extended Large cap London-listed stocks enjoyed a positive day yesterday, with the UK market closing before the US sell-off began. Helping sentiment was the news that the Treasury’s furlough scheme, which is currently funding millions of workers to stay at home, is being extended to October. The Bank of…
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The following article was written by Luis Aureliano, a business writer and financial analyst. With over 15 years of experience in global finance and an MBA in economics and management, Luis’s areas of expertise include business, marketing, communications, personal finance, macro economics, stocks and emerging markets. In July, the Office for National Statistics (ONS) reported…
Read moreBusiness adopts a ‘wait and see’ approach as 70% of CFOs say Brexit is yet to affect their strategic planning A survey of 200 Chief Financial Officers (CFOs) across the UK and Europe will make difficult reading for those charged with delivering Britain’s exit from the EU. In a survey conducted for four weeks in…
Read moreTop FX senior executive Paul Orford dissects and examines the rationale behind UK Chancellor George Osborne's claim that the UK is on the road to recovery
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