Posts By: admin

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

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

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

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 »

Weak US business investment, tepid profits cast shadow on economy

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

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 »

Retail sales rebound in August – CSO

Retail sales rebound in August – CSO Retail sales increased 2.1% in August on an annual basis, new figures from the Central Statistics Office show today. On a monthly basis, the CSO said that retail sales jumped by 5.7% in August compared to July. Excluding the motor trade, which has been very volatile in recent… Read more »

FTSE drops for 5th straight day after slew of profit alerts

FTSE drops for 5th straight day after slew of profit alerts London’s FTSE 100 fell for the fifth straight session on Thursday as profit warnings from tobacco firm Imperial Brands, Aer Lingus owner IAG and education company Pearson weighed down the blue-chip index. The FTSE 100 gave up 0.2pc, as Imperial and BAT shed 9pc… Read more »

Mortgage approvals see annual rise of 4.1% in August

Mortgage approvals see annual rise of 4.1% in August New figures show that the number of mortgages approved rose by 4.1% in August on an annual basis, while they fell by 15.1% compared to July. The Banking & Payments Federation Ireland, which is urging an extension of the Help to Buy scheme in next month’s… Read more »