Business News

Sterling unfazed by weak economic data, as Britain waits for EU Brexit response

4th October 2019

Sterling unfazed by weak economic data, as Britain waits for EU Brexit response Sterling was little moved today despite a surprise contraction in the services sector as investors waited to receive a formal European Union response to Britain’s latest Brexit offer. The pound has found little direction in recent days, and is back where it […]

Read More

Services sector sees slowest growth since May 2013 – PMI

4th October 2019

Services sector sees slowest growth since May 2013 – PMI The services sector grew at its slowest rate since May 2013 last month, a survey showed today, amid a softening of both foreign and domestic demand conditions. The AIB IHS Markit Purchasing Managers’ Index (PMI) for services slipped to 53.1 in September from 54.6 in […]

Read More

Euro zone inflation slows in September on cheaper energy

3rd October 2019

Euro zone inflation slows in September on cheaper energy Euro zone inflation slowed further year-on-year in September because of cheaper energy, new figures showed today. But the core measure excluding such volatile components rose, the first estimate from the European Union’s statistics office Eurostat showed. The numbers underline the difference of opinion over the state […]

Read More

Jobless rate steady at 5.3% in September despite Brexit concerns

3rd October 2019

Jobless rate steady at 5.3% in September despite Brexit concerns New figures from the Central Statistics Office show that the unemployment rate remained at 5.3% in September compared to August. The jobless rate has crept higher in recent months due to Brexit concerns, but it is still very low compared to the financial crisis when […]

Read More

Europe’s Q3 earnings outlook deteriorates as trade war, Brexit bite

3rd October 2019

Europe’s Q3 earnings outlook deteriorates as trade war, Brexit bite European companies are heading for their worst quarterly earnings in three years as revenue drops for the first time since early 2018, according to the latest Refinitiv data. The results will underscore concerns about Europe Inc’s deteriorating health. Companies listed on the STOXX 600 regional […]

Read More

Manufacturing sector contracts for fourth month in a row – PMI

2nd October 2019

Manufacturing sector contracts for fourth month in a row – PMI Factory activity shrank for the fourth successive month in September and is stuck around levels posted in July and August as a global manufacturing slowdown and Brexit uncertainty weigh on demand. The AIB IHS Markit manufacturing Purchasing Managers’ Index (PMI) stood at 48.7 in […]

Read More

Sterling dips to one-month lows as Brexit nerves hit

2nd October 2019

Sterling dips to one-month lows as Brexit nerves hit The British pound extended losses today, plunging through technical support levels to a one-month low against the dollar as traders became increasingly nervous about Britain crashing out of the European Union at the end of the month. Broad-based dollar strength also contributed to the falls,analysts said. […]

Read More

Central Bank urges no-deal Brexit checks with financial services firms

2nd October 2019

Central Bank urges no-deal Brexit checks with financial services firms The Central Bank has urged customers of financial services companies to take steps to ensure those firms are ready for the consequences of a no-deal Brexit. The regulator has also warned there will inevitably be some negative impact on consumers where firms have not prepared […]

Read More

Weak US business investment, tepid profits cast shadow on economy

30th September 2019

Weak US business investment, tepid profits cast shadow on economy US business investment contracted more sharply than previously estimated in the second quarter and corporate profit growth was tepid. Today’s new figures cast a shadow on an economy that is being stalked by financial market fears of a recession. Weak business spending, which has been […]

Read More

Sterling extends losses as Brexit impasse prevails

30th September 2019

Sterling extends losses as Brexit impasse prevails Sterling fell today for a second day in a row, as investors waited for parliament’s next step to break the Brexit impasse and opposition leaders gathered to discuss tactics. The European Union’s Brexit negotiator, Michel Barnier, said Britain had yet to provide “legal and operational” proposals for an […]

Read More