Research carried out by the Confederation of British Industry (CBI) and PwC has revealed that the financial services sector is one of the most at risk from a Brexit from the EU. Additional factors such as the global economy and the market volatility have contributed to shared fear of the future outlook of banks and investment firms. […]
Egypt’s short to medium term economic outlook shows slowing GDP growth, with 2015/16 projections cut from 4.5% to 3.8% by the World Bank reflecting limited business activity, foreign exchange shortages and a declining tourism industry, according to the global property consulting firm, CBRE, as part of its Q4 2015 Cairo MarketView. Retail market Despite ongoing […]
The date has been set for Thursday 23rd June, campaigns have started and soon the public will decide whether or not Britain should remain in the European Union. The effects of a vote to leave have been widely speculated but are not known for certain, and for one group in particular, the repercussions are even […]
Finance executives in the UK are more optimistic about economic expansion and expect to see employment rise, compared with the rest of Europe, according to a new survey from American Express (NYSE: AXP) and CFO Research. Close to two-thirds of UK finance executives (64%) reported an increase in revenue in the last twelve months, and […]
In an attempt to restart its dividend payments, the Royal Bank of Scotland has paid £1.2 billion to the UK Treasury to end an arrangement concerned with the government’s full control on the bank’s dividends. The payment to the Treasury will end the Dividend Access Scheme (DAS) which was adopted in 2009 when RBS bailed out […]
From April 2017 there will be 6 different ISAs available to savers and investors, so here is a brief overview of what each one will do and who they are suitable for. Of course, with the end of the tax year looming, the most immediate action for investors to take is to make sure they […]
The Office for Budget Responsibility (OBR) had previously forecast that the economy would grow 2.4% this year, but is now predicting a rate of 2.0%. The amount the government is expected to have to borrow this year has fallen, but it has gone up for the next three. MP John McDonnell notes that the cuts […]
With three months to go before the UK votes on its EU membership, the government is campaigning to remain in the EU, and George Osborne aimed not to antagonise either side with his 2016 Budget announcement that was made today (16/3). New UK unemployment figures show falls by 28,000 to 1.68 million between November and […]
As technology’s tentacles increasingly affect every business, technology CEOs around the globe are notably more optimistic about growth prospects than CEOs from other industries. According to PwC's 19th Annual Global CEO Survey: 90% of tech CEOs expect to increase company sales this year, while 94% of tech respondents anticipate that revenues will rise in the next three […]
As a part of its plan to revitalise the slow Eurozone economy, The European Central Bank has revealed that it is surprisingly cutting its benchmark interest rate from 0.5% to 0%. In addition, the bank has also come to the decision to increase its quantitative easing programme to €80 billion (up by €20 billion) a […]
Lloyds Banking Group has partnered with ASI (Advanced Skills Institute) and Google to test Google’s big data platform technologies and analytics on non-personal behavioural data using a “secure” Lloyds account on Google Cloud Platform. Lloyd’s digital analytics team – an in-house team – has been trained by Google on how to use the product and […]
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