The AIC Financial Blog

Residential Property Reviews & Property Market Reviews

US EARNINGS SEASON OPENS

Another US earnings season kicked off on Tuesday (15 October) with four of the ‘big six’ US banks – JPMorgan Chase, Goldman Sachs, Citigroup and Wells Fargo – first out the gate. Despite the challenges presented by falling interest rates,...

EXCHANGING FIRE: LSE TAKES A HIT

On Tuesday (8 October) shares in the London Stock Exchange (LSE) suffered their biggest one-day correction since the Brexit referendum in 2016 when Hong Kong Exchanges and Clearing decided to walk away from its unsolicited £32bn bid for the business. The surprise...

DON’T JUST BOOK IT…

After limping along for a decade, the world’s oldest travel agent, Thomas Cook, collapsed last week (23 September) under the weight of its £1.7bn debt pile. It began life in 1841, offering day trips between Leicester and Loughborough and it became the UK’s...

UK: DOWN BUT NOT OUT

The UK economy surprised many by shrugging off Brexit woes in July. Wage growth hit 4% in the three months to July-its highest in 11 years  -while unemployment fell back to its lowest level in 45 years (3.8%). However, many economists have attributed the...

STERLING HITS THE SKIDS

As MPs returned from their summer holidays on Tuesday, the pound hit its lowest levels ($1.19) since the ‘flash crash’ in October 2016. The battle to divert the country from a ‘no-deal’ exit has once again hammered sterling but as Quilter...

NOT JUST A FTSE 100 DEPARTURE…

Marks & Spencer is to be relegated from the FTSE 100 in the next index shuffle. The storied British retailer has been benchmark constituent for 35 years and its departure highlights the challenges facing UK retailers. M&S shares are off some 20% this year...

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