The AIC Financial Blog

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 last...

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 country's...

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 Investors credit analyst Tim...

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...

AND THE RESULTS ARE IN…

Europe's earning season mostly passed without incident with a higher proportion of companies reporting numbers that were in line with consensus forecasts than usual. Quilter Investors' head of dealing Maz Almouti explains, "Europe's results didn't ruffle feathers as...

CENTRAL BANKS STAY SUPER ‘DOVISH’

In July, the US Federal Reserve (Fed) cut interest rates for the first time in more than a decade, emphasising the continued accommodative, or 'dovish', approach by central banks globally. Fed chairman Jerome Powell cited weaker global growth and "simmering" trade...