Category: Europe

Wickes CEO David Wood said he was ‘delighted with how the entire business has responded to the continued strong demand for our products and services.’ Photo: Getty Images Wickes (WIX.L) has had strong group sales so far in 2021 as lockdown restrictions ease, but its CEO warned of inflationary pressures.  The building merchant’s total like-for-like […]

The FTSE headed higher after the bank holiday, despite fears of a third wave. Photo: Thomas Krych/SOPA Images/Sipa USA European markets opened higher following the late May bank holiday weekend, as investors parsed the news that the UK could be in the early stages of a third wave of COVID infections.  Prof Ravi Gupta, from […]

Tuesday, 1st June Spanish Manufacturing PMI (May) Italian Manufacturing PMI (May) French Manufacturing PMI (May) Final German Manufacturing PMI (May) Final Eurozone Manufacturing PMI (May) Final Eurozone Unemployment Rate (Apr) German Unemployment Change (May) German Unemployment Rate (May) Eurozone CPI (YoY) (May) Prelim ECB President Lagarde Speaks Wednesday, 2nd June German Retail Sales (MoM) (Apr) […]

Bloomberg This Time Is Different: Outside OPEC+, Oil Growth Stalls (Bloomberg) — “This time is different” may be the most dangerous words in business: billions of dollars have been lost betting that history won’t repeat itself. And yet now, in the oil world, it looks like this time really will be.For the first time in […]

Bloomberg Bitcoin’s Volatility Spawns New Crypto Balance Sheet Alternative (Bloomberg) — Corporate treasurers fed up with rock-bottom returns on their cash are about to get another pitch from the world of crypto.Circle Internet Financial Ltd., one of the digital-asset firms behind the so-called stablecoin dubbed USDC that is pegged 1-to-1 to the dollar, has cooked […]

Economic Calendar: Monday, 31st May Spanish HICP (YoY) (May) Prelim Italian CPI (MoM) (May) Prelim German CPI (MoM) (May) Prelim Tuesday, 1st June Spanish Manufacturing PMI (May) Italian Manufacturing PMI (May) French Manufacturing PMI (May) Final German Manufacturing PMI (May) Final Eurozone Manufacturing PMI (May) Final Eurozone Unemployment Rate (Apr) German Unemployment Change (May) German […]

London’s FTSE 100 closed flat again on Friday, dragged by miners and energy stocks as gains in banking shares capped losses. The blue chip FTSE 100 closed just three points ahead, 7,022, while the domestically focused FTSE 250 was also a little higher, closing at 22,683. Meanwhile, US stocks climbed up on Friday as investors […]

London’s FTSE 100 closed flat again on Friday, dragged by miners and energy stocks as gains in banking shares capped losses. The blue chip FTSE 100 closed just three points ahead, 7,022, while the domestically focused FTSE 250 was also a little higher, closing at 22,683. Meanwhile, US stocks climbed up on Friday as investors […]

London’s FTSE 100 closed flat again on Friday, dragged by miners and energy stocks as gains in banking shares capped losses. The blue chip FTSE 100 closed just three points ahead, 7,022, while the domestically focused FTSE 250 was also a little higher, closing at 22,683. Meanwhile, US stocks climbed up on Friday as investors […]

London’s FTSE 100 closed flat again on Friday, dragged by miners and energy stocks as gains in banking shares capped losses. The blue chip FTSE 100 closed just three points ahead, 7,022, while the domestically focused FTSE 250 was also a little higher, closing at 22,683. Meanwhile, US stocks climbed up on Friday as investors […]

Global services sector will be in focus this week as economies reopen. Photo: Raymond Roig / AFP via Getty Images Investors are in for a shorter week as May comes to an end. Monday is a Bank Holiday in the UK, and the US also has a holiday, so, market activity will be on the […]

There are some easy tricks to avoid overpaying on your student loans. Photo: Getty In the financial year which ran between 2019 and 2020, 54,516 graduates overpaid their student loans, because their payments didn’t stop once the debt was settled. That’s according to data from the Student Loans Company. Analysis by Hargreaves Lansdown found that […]

Travis Perkins warned of a 15% price bump for bagged cement. Photo: Getty Construction heavyweight Travis Perkins (TPK.L) told customers this week to brace for a 15% rise in the price of bagged cement, a 5% bump in the price of paint and a 10% increase in the price of chipboard.  According to a report […]

Travis Perkins warned of a 15% price bump for bagged cement. Photo: Getty Construction heavyweight Travis Perkins (TPK.L) told customers this week to brace for a 15% rise in the price of bagged cement, a 5% bump in the price of paint and a 10% increase in the price of chipboard.  According to a report […]

More than one in five (22%) investors say ESG factors have played an increasingly important role in their investment decisions over recent years. Photo: Getty UK investors’ habits are evolving amid a changing sustainable and societal landscape. This has seen a rise in a generation of conscious investors, for whom environment, social and governance (ESG) […]

150 mortgage adviser jobs are on the block at Nationwide amid a shift to digital consultations. Photo: Getty The sea shift to online services has led Nationwide (NBS.L) to cut 150 mortgage adviser jobs, despite the recent boom in the housing market in the UK. The move, first reported by the Mail on Sunday, will […]

Debt collection is set to resume in the UK on 1 July for many troubled businesses. Photo: Dan Kitwood/Getty Images Two-thirds of retailers are facing legal action on rents in a month, as a moratorium on aggressive debt collection ands on 30 June.  Thousands of retailers will be open to legal action on the rent […]

On the Macro It’s a particularly busy week ahead on the economic calendar, with 79 stats in focus in the week ending 4th June. In the week prior, 41 stats had been in focus. For the Dollar: ISM Manufacturing and Non-Manufacturing numbers on Tuesday and Thursday will be key. Expect the ISM Non-Manufacturing PMI to […]

The Majors It was another choppy week for the European majors in the week ending 28th May. In the week ending 28th May, the CAC40 rose by 1.53%, with the EuroStoxx600 and the DAX30 ending the week up by 1.02% and 0.53% respectively. Economic data from the Eurozone and the U.S and updates from the […]

The Majors It was another choppy week for the European majors in the week ending 28th May. In the week ending 28th May, the CAC40 rose by 1.53%, with the EuroStoxx600 and the DAX30 ending the week up by 1.02% and 0.53% respectively. Economic data from the Eurozone and the U.S and updates from the […]