Anyone who can remember the Thatcher era, will remember that the great mantra at the time was that we were moving to a service sector economy. With steel works and mines closing we witnessed great swathes of devastation cut across many parts of the country. Indeed with steel works, mines and ship builders the...
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Markets
Service sector economy to collapse
Will Abbey insanity takedown Santander?
All eyes at the bourses in Europe will be on Santander on Monday morning. With confidence in the banking sector at all time low it seems that the Spanish bank has slipped up badly by allowing its British owned Abbey to offer an insane portfolio of mortgage offerings. Sometimes you just know that there’s...
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Subprime likely to spread to UK homes
According to Investment news … During the point of maximummarket turmoil earlier this month, the Daily Mail reassured us all. TheUK property market is not like the US market: there has been no boom inbuilding and so there will be no UK property market crisis, itsuggested. And yet many, including the IMF, ABN Amro...
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HMV – from zero to hero in less than a week?
By the end of last week HMV was being touted as the most shorted stock on the London Stock Market. The weekend news was full of gloom about the company. It seemed that HMV was, just like Superman, trapped and doomed – then we switch to the next week and suddenly – just like...
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Interest rates to rise in UK next week
The likelihood of a further interest rate rise next week were raised significantly this Tuesday when the deputy governor of the Bank of England said current rates were too low to curb credit and demand growth. In explaining his decision to vote for a rate rise this month, Sir John Gieve, the bank’s deputy...
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