UK markets take a breather after Royal Bank of Scotland news
As we covered yesterday, the Royal Bank of Scotland is rumoured to be in talks about a potential £4 billion rights issue which will assist the company in reducing its exposure to the UK government asset protection scheme. It would appear that this stark reminder that all is not well in the UK financial sector has caught the attention of UK investors today with the UK market taking a downturn after a very productive recent few weeks. So what next for the UK stock market?
It is very difficult to forecast the direction of the UK stock market at this moment in time due to the fact that many investors are looking forward with glee and others are concerned about the short to medium term situation. It is a very fine balancing act between these two particular stances and while over the last few weeks there is no doubt that those investors with a more positive train of thought have taken over, doubts are starting to creep in.
The UK banking sector is, and always has been, the key to a recovery in the UK economy. Those who believe the worst is over may be right but this does not mean to say that there will not be something of a rocky ride in the short to medium term as balance sheets are revitalise and the UK government will eventually look to dispose of its substantial stakes in Royal Bank of Scotland and Lloyds bank.
Share this..
Related stories
Londoners get new look Barclaycard
Barclaycard has announced the launch of a new credit card, which doubles up as an Oyster travel card.Barclaycard OnePulse will be launched in London in September and employs and new contactless technology.While the OnePulse can be used as a normal credit card for chip and pin transactions over £10, for purchases of values lower than this amount, cardholders can pay by touching their card against...
Read MoreRoyal Mint releases faulty 20p coins worth possible £50 each
In a remarkable turn of events the Royal Mint has today confirmed that a batch of faulty 20p coins have been released into the UK economy. However, while the coins are faulty they are still legal tender but if you are lucky enough to find one then perhaps you should consider retaining it for the future!
It has been revealed that the coins, which bear no date of issue, are the first...
Is an ageing population the major threat to the UK economy?
Over the last few days the headlines regarding the UK economy have been fairly negative with an expected impact from the problems within the euro zone. However, more and more analysts and economic advisers are suggesting that the ever ageing UK population is the one major threat to the prosperity of the country in the medium to longer term. So how can this be? The problem with an ageing populat...
Read MoreRepossessions up 8.5% in first quarter
UK lenders issued 8.5 per cent more repossession claims during the first quarter of this year, in a clear sign that borrowers are struggling with higher mortgage repayments and the rising cost of day to day living. Figures from the Ministry of Justice reveal that during the first quarter 38,688 possession claims were issued by lenders in the courts. This compares with the 35,662 mortgage possessio...
Read MoreChancellor cuts basic income tax by 2p
The chancellor has unveiled plans for a two per cent cut in basic income tax in a Budget which he claimed would "expand prosperity and fairness for Britain's families".Speaking in what is widely expected to be his last Budget, Gordon Brown delivered his 11th set of economic plans to parliament, focussing on families, business prosperity, home security and the environment.In a sweeping range of mea...
Read More