The AIC Financial Blog

MULBERRY HIT BY HOUSE OF FRASER TROUBLES

  The luxury brand Mulberry Group saw its shares tumble almost 30% after it issued a profit warning over the impact of the administration and acquisition of House of Fraser by Sports Direct. Mulberry, known for its designer handbags, operates 21 House of Fraser...

PEPSI TARGETS NEW MARKET WITH SODASTREAM DEAL

  Drinks giant PepsiCo has agreed a deal to acquire sparking water brand SodaSteam in a deal worth $3.2bn (¬£2.5bn).   PepsiCo, which owns brands such as Tropicana, will acquire all outstanding shares in SodaStream for $144 per share in cash, a premium of...

HIGHER TARIFFS MAY BACKFIRE ON TRUMP

  Research from the Federal Reserve Bank of New York has warned higher import tariffs imposed by the US could hit exports and have no effect on the country’s large trade deficit. In a post on the Liberty Street Economics Blog, Mary Amiti, Mi Dai, Robert C...

TRANSPORT COSTS PUSH UK INFLATION HIGHER

The UK Consumer Prices Index (CPI) reached 2.5% in July, the first move higher since November 2017. Figures from the Office of National Statistics (ONS) showed transport costs, particularly the price of fuel, and the increased prices of computer games were among the...

THE BIG APPLE

  After releasing better than expected top and bottom line results, Apple became the first US company to breach the $1trn market cap barrier on 2 August. The technology heavyweight saw its share price climb 9% on the week, driven by strong sales in its iPhone X...

IT’S UNANIMOUS: BoE HIKES UK INTEREST RATES

  As predicted, the Bank of England (BoE) raised rates by 25bps to 0.75% last Thursday in a unanimous decision from the Monetary Policy Committee (MPC), as UK growth rebounded and construction output and retail sales rose. Although the BoE was generally positive...

Contact Us