After a period of profit-taking and negative economic data we saw the UK stock market pullback in the first few weeks of 2010. However, over the last couple of days we have seen signs of renewed investor interest but what are the short-term prospects for the UK economy and the UK stock market?
JP Morgan, the respected research and investment giant, has today issued a report suggesting that the cost of bank in the UK is set to soar in the short term. New capital adequacy regulations as well as ever increasing taxes aimed at the financial sector mean that the global financial industry will need to raise in the region of $221 billion to meet these new liabilities. Of the $221 billion in question it is believed that UK banks will need to raise in the region of $91 billion.
Over the last few weeks we have seen a number of prominent traders in the UK moving to Far East operations with Steve Ashley, the Royal Bank of Scotland trader, the latest to make the move. Amid...
Over the last few weeks we have seen a number of prominent traders in the UK moving to Far East operations with Steve Ashley, the Royal Bank of Scotland trader, the latest to make the move. Amid...
Under intense pressure from shareholders, after a revolt over recent bonus proposals, Shell Transport & Trading has today announced a salary freeze for top executives until January 2011. This is...
Under intense pressure from shareholders, after a revolt over recent bonus proposals, Shell Transport & Trading has today announced a salary freeze for top executives until January 2011. This is...
Today's record profits of £11.6 billion announced by Barclays bank have attracted significant criticism from politicians across the board. The very fact that £2.7 billion has been put aside to...
Today's record profits of £11.6 billion announced by Barclays bank have attracted significant criticism from politicians across the board. The very fact that £2.7 billion has been put aside to...
British Airways has announced a venture with American biofuel specialist Solena which will see the creation of a plant in the UK which will recycle 500,000 tonnes of waste material into 16,000,000...
British Airways has announced a venture with American biofuel specialist Solena which will see the creation of a plant in the UK which will recycle 500,000 tonnes of waste material into 16,000,000...