UK inflation rate falls to 49-year low

Barclays leads London banks higher

European equities markets were higher Monday as central banks and governments outside the region asked Eurozone policy makers to continue talks toward a solution to the debt problems there, while there was talk that Europe could put into place a program styled on the US Troubled Asset Relief Program (TARP), with banks higher on the [...]

Ifo: German business confidence falls for third straight month

The Munich-based Ifo think tank has today revealed confidence among German firms fell for the third consecutive month in September. The closely-watched Business Climate Index dipped to 107.5 this month from August’s reading of 108.7 - this represented the lowest level since June 2010. However, the fall was not as bad as the 106.5 economists [...]

Exillon Energy drops 20 percent

Most European equities markets were higher Friday, but did not come anywhere near making back declines from earlier in the week, with banks mostly higher even though Moody’s Investors Service cut the credit ratings on eight Greek banks. The FTSE 100 was up 0.5 percent to 5,066.81 in London, but the FTSE 250 was down [...]

Irish economy sees strong growth in Q2

Figures today have revealed Ireland’s economy continued to see growth in the April to June period. According to the Central Statistics Office, the economy grew by a better than expected 1.6% in the three-month period and this follows a revised 1.9% growth rate in the first quarter. This represents the first time since 2006 that [...]

SMMT: UK car production up in August

Figures published by the Society of Motor Manufacturers and Traders (SMMT) revealed a strong rise in UK car production for the month of August. UK car production rose 10.7% in August versus the same month a year ago, the SMMT said, with the total number of cars produced at 86,250. Furthermore, for the year-to-date, car [...]

HMRC: House sales weak in August

HM Revenue & Customs (HMRC) has today revealed a fall in the number of homes sold in August in the UK. According to HMRC, 78,000 homes worth at least £40,000 or more were sold in the month – 6,000 less than the previous month and 3,000 lower than in August 2010. However, August is traditionally [...]

Vedanta drops 13 percent on 100

European equities markets were significantly lower Thursday on a statement from the US Federal Reserve that said there are “significant downside risks” to the growth of the US economy and after Moody’s Investors Service downgraded the credit ratings of three US-based banks, including Bank of America (NYSE: BAC), Citigroup (NYSE: C) and Wells Fargo (NYSE: [...]

Accountant fails energy bill test

Energy tariffs are so complicated that even an accountant could not calculate how much they should be paying, according to latest research from Which?. The consumer group asked 36 people including a solicitor, an engineer and an accountant, to work out their domestic energy bill using only the information from the supplier’s website, and a [...]

FTSE 100 falls as markets price in Greek debt default

The FTSE 100 has fallen as much as 4.28% already in morning trading, as markets price in a Greek debt default. This comes after the failure of the US Federal reserve to implement any real strategy last night, while announcing serious financial headwinds that could potentially put the world’s largest economy into recession. While financial [...]

Antofagasta leads miners lower

European equities markets were lower Wednesday as yet another round of talks failed to reach a solution for Greece’s debt crisis. The FTSE 100 was down 1.4 percent to 5,288.41 in London, while the FTSE 250 dropped 0.41 percent to 10,266 as miners and the energy sector were lower as prices for base metals and [...]