The AIC Financial Blog

BoE ADDRESSES HURDLES TO UK NEGATIVE RATES

The Bank of England (BoE) sent shivers through the banking system on Monday (12 Oct) when it wrote to UK banks asking them how ready their financial systems and infrastructure were for a potential move to zero or even negative interest rates. Britain’s central bank...

UK TARGETS ‘GREEN’ RECOVERY FROM CORONAVIRUS

The UK has outlined ‘ambitious’ new targets and investment in offshore wind power to help meet its aim of net zero emissions in 2050. Prime Minister Boris Johnson announced £160m of investment for ports and factories in areas such as Teesside and Humber in England, as...

LOCKDOWN TAKES BITE OUT OF GREGGS

UK bakery chain Greggs has warned the outlook for its business remains uncertain due to the impact of the coronavirus pandemic, despite reporting a better-than-expected quarterly trading update. The business, known for its steak bakes, sausage rolls and recent range...

ROLLS-ROYCE SHARES SKID TO 17-YEAR LOW

The UK aerospace engineering firm Rolls-Royce saw its share price tumble on Monday (21 Sept) to its lowest level since 2003, after it confirmed it was considering a fund raising of up to £2.5bn. The company has struggled during the coronavirus pandemic in line with...

KINGFISHER PROFITS RISE ON LOCKDOWN DIY

An increase in home improvements and DIY projects during lockdown saw Kingfisher’s adjusted pre-tax profits increase 23.1% in the first half of 2020 to £415m. The parent company of B&Q and Screwfix in the UK, and Castorama in France, said the impact of the...

INSURERS PUSH BACK AGAINST DIVIDEND BANS

European insurers have called on regulators to be more flexible in the wake of the coronavirus pandemic, urging them not to impose “blanket bans” on dividend payments. On Monday (7 Sep) Insurance Europe, the European insurance and reinsurance federation, released its...