Multiplex News

14 Aug

Europe’s banking concerns resurface

At the other end of the continent, fears over the stability of Portuguese bank Banco Espirito Santo undermined investors’ confidence. The bank was subsequently ordered to raise capital following news of huge first-half losses. Portugal’s PSI20 index fell 12.1% over July as a whole and investors endured high levels of daily volatility. By comparison, during… Read more »

25 Jul

Larger UK firms shine in Q2

Smaller UK companies generally performed better than their medium-sized and larger counterparts during June although, over the second quarter of 2014 as a whole, blue-chip businesses outstripped their smaller peers. The benchmark FTSE 100 index fell 1.5% during June but rose 2.2% over the second quarter of 2014. For its part, the FTSE 250 index… Read more »

03 Jul

Iraq casts global shadow

Buoyed by encouraging economic data from the US, many leading equity indices started June relatively strongly but investor sentiment was then undermined by reports of escalating conflict in Iraq. Share prices declined and the price of oil surged to its highest level since September 2013. Europe attracted much of the limelight early in the month,… Read more »

16 Jun

UK interest rate update

Having languished at an all-time low of 0.5% since March 2009, UK interest rates have returned to the spotlight. At the start of June, the European Central Bank cut its deposit rate for banks from zero to -0.1%, in order to incentivise banks to lend instead of sitting on their deposits. Meanwhile, closer to home,… Read more »

23 May

UK economic update

The UK economic recovery continues to gather pace, triggering a slew of upgrades to growth forecasts for this year. The International Monetary Fund raised its forecast for the UK’s economic expansion during 2014 from 2.5% to 2.9%. Meanwhile, the Organisation for Economic Co-operation & Development upgraded its 2014 forecast to 3.2%. In comparison, the Bank… Read more »