You could almost see the power draining away from Bank of England governor Mark Carney as the Monetary Policy Committee decided to hold bank rates at 0.75 per cent. Growth projections are slipping and unit labour costs are on the rise but it is easier not to change anything. Truth is, everything is different. Britain … Read more
The pound’s Boris bounce was short-lived. Even as the nation dreamed of the heady heights of $1.40 or €1.25, the rise was fizzling out. Sterling’s climb was knocked on the head when the Prime Minister’s plan to legally rule out an extension of the Brexit transition period was laid out. At the time of writing … Read more
ALEX BRUMMER: Boris’s big election win turns spotlight on race to become next Bank of England Governor By Alex Brummer for the Daily Mail Published: 21:50 GMT, 18 December 2019 | Updated: 21:59 GMT, 18 December 2019 The stonking election victory of Boris Johnson has refocused attention on who will be the next Governor of … Read more
ALEX BRUMMER: Unilever boss Alan Jope needs to think bold rather than just relying upon emerging markets By Alex Brummer for the Daily Mail Published: 22:47 GMT, 17 December 2019 | Updated: 00:44 GMT, 18 December 2019 Unilever is something of a bellwether for the global economy. When world output stutters – as has been … Read more
Many investors will be cheered no end by last week’s overwhelming Conservative victory. The ‘Boris bounce’ has already boosted a £100,000 nest-egg invested in the FTSE 100 by a whopping £5,400, according to experts at AJ Bell. But, while great news for those with pensions invested in the stock market, it won’t help the millions … Read more
JEFF PRESTRIDGE: Why trusts hold a stronger hand than other fund forms By Jeff Prestridge for The Mail on Sunday Published: 22:02 GMT, 14 December 2019 | Updated: 22:02 GMT, 14 December 2019 It remains to be seen whether Edinburgh Investment Trust’s decision to replace its fund manager in the New Year proves a shrewd … Read more
Phew. The relief across the business community was huge. Sterling bounced up. The shares of the middle-sized companies in the FTSE 250 index touched an all-time high, showing the markets are pretty confident about the future of UK plc. And an orderly Brexit will indeed happen early next year. But this is not just about … Read more
The market euphoria which lifted the pound and shares in the FTSE 100 and UK-focused FTSE 250 is fully justified. Britain still faces the challenge of navigating Brexit and a slowing global economy, but the long shadow of Labour taking over the means of production for great swathes of the economy has been lifted. The … Read more
If you’re ever going to slip into the red, it will usually be over Christmas. The average household is expected to blow around £500 at this time of year, according to figures from the British Retail Consortium. And while families are just doing their best to give their loved ones a brilliant Christmas, you really … Read more
The £245million fraud at Lloyds’ former HBOS branch in Reading took place before Antonio Horta-Osorio took the helm at the bank. But the 2017 conviction of six people, including two former HBOS employees, occurred on his watch. What has been evident throughout this saga is that senior people at Lloyds knew a great deal more … Read more
The more we learn about the conflicted behaviour at the core of the asset management industry, the more one realises how poorly policed it has become. Indeed, if the opposition parties in this week’s General Election really cared about savers and pensioners, they would be giving the Government hell. We now learn that following the … Read more
ALEX BRUMMER: Donald Trump has drawn a line in the sand on the sale of tech to China, our next Government should do the same By Alex Brummer for the Daily Mail Published: 21:48 GMT, 6 December 2019 | Updated: 21:48 GMT, 6 December 2019 On the cusp of next week’s General Election we have … Read more
When was the last time that you received an email from Amazon warning you about fraud? Scouring my inbox, I can see an alarming number of delivery notifications for books and films — but not a single fraud alert. Yet, as we have revealed, scammers are clearly targeting Amazon on an industrial scale. As the … Read more