News Tag: rising
October 8, 2009
The price of gold reached $1,058 (£659.20) an ounce on the London Bullion Market yesterday - its third consecutive day of gains.
A weak US dollar continues to make gold an attractive buy for investors, according to analysts.
Furthermore, the price of the precious metal could continue to rise if the dollar remains weak. Traditionally, the US dollar moves in the opposite ...
Gold continues to rise as dollar falls
by Kay Murchie
September 10, 2009
Investors are increasingly concerned about the impact their investments have on society and the environment, an ethical investment expert claimed this week.
Robin Keyte, chair of the Ethical Investment Association (EIA), said the credit crunch and the recession have transformed the way investors think about money.
“Following the events of the last two years, an increasing range of investment clients are concluding that ...
Social responsibility rising up investment agenda
by David Masters
August 3, 2009
Banking giant HSBC, which has so far turned down financial help from the Government, has today announced that first-half profit has fallen 51% to $5 billion (£2.98 billion) compared with the same period a year ago.
The bank, which is Europe’s largest, said it was hit by rising bad debts in the USA, Europe and Asia, which forced it to write ...
HSBC profits hit by rising bad debts
by Kay Murchie
July 14, 2009
The Royal Institution of Chartered Surveyors (Rics) has reported a positive change in house price expectations for the first time since May 2007.
In its June survey of members, the net balance of surveyors reporting falling rather than rising prices improved from -43.8 in May to –18.1.
The Institution points out that although the balance remains negative, the reading is at its best ...
More surveyors report rising prices
by Gill Montia
July 9, 2009
US retailers have been hit by the continuous tightening of purse strings due to rising unemployment.
Furthermore, bad weather in June further dampened US retail sales, in particular summer clothes and seasonal items.
According to the Goldman Sachs Retail Composite Index, overall the industry reported a fall of 6.7% in sales for the month of June, compared to a 3.9% increase ...
US consumers continue to tighten their belts
by Kay Murchie
June 16, 2009
Despite the positive news that the recession may be coming to an end, a report today has revealed that unemployment will continue to rise until the end of next year - long after economic recovery.
The Trades Union Congress (TUC), general secretary, Brendan Barber said: "Some now say that we have a recovery. But even if this is not a false dawn, as ...
TUC warns of rising unemployment
by Kay Murchie
May 14, 2009
The UK’s unemployment rate currently stands at 7.1% and has risen by 1.3 percentage points since the third quarter of last year, and according to the Office for National Statistics (ONS) - this is a rate not seen since the early 1980s.
Job losses have been particularly rife in the finance and business services sector (one of the UK’s three ...
Unemployment in the UK rising at record pace
by Kay Murchie
July 15, 2008
The growing costs of food and fuel has driven inflation up to 3.8% in June, which is nearly double the 2% target.
Food inflation has increased to 10.6%, up from 8.7% in May, primarily due to the rising costs of meat.
Meanwhile, petrol prices have increased significantly with the average cost of petrol rising by 5.3 pence per litre between May and June this ...
Inflation nearly double 2% target
by Kay Murchie
June 11, 2008
City analysts have been predicting interest rate falls to 4.5% by the end of 2008. However, they are now gambling that rates will have to increase from the current level of 5% to manage spiralling inflation.
City economists said that at the very best, all hopes of an interest rate cut this year have now been 'snuffed out'.
The reversal in ...
Investors gamble on interest rates rising
by Kay Murchie
