The UK Economy

High-street retailer Next (LSE:NXT) have announced a 2.2% increase in sales as part of their 2-13 half year results. In a statement the company said that they had “made good progress” and that operating profits, up 7.2%, “were at the top end of our expectations”. Next’s share price rose by 15p, 0.3%, during afternoon trading […]

Independent financial service providers and asset management specialists Hargreaves Lansdown (LSE:HL.) have released preliminary results for the year ending 30 June. In a statement to investors the company reported total assets under administration up 38% at £36.4 billion and a revenue increase of 22% to £292.4 million. Profit before tax also increased by 28% to […]

Milton Keynes Council, Central Bedfordshire Council and Bedford Borough Council have signed a multi-million pound partnership project with BT (LSE:BT.A) which, when combined with commercial deployment across the area should provide around 91 per cent of local homes and businesses with access to fibre broadband. The project will provide a fibre broadband infrastructure to around […]

Daily chart: The GBPUSD continues forming a lower high pattern below that strong resistance at the 1.5642 level. This level is very strong and important to the bullish trend of this pair. If the pair manages to break that level, it is expected to rise to the level of 1.5746, which would strengthen our bullish […]

Daily chart: The GBPUSD made a bearish rebound in the level of 1.5642, after having encountered strong resistance at that level due to the bullish momentum that had this pair for yesterday. However, this can be the formation of a lower high pattern, so that the GBPUSD continue to rise and eventually break the resistance […]

I’m not going to write about stocks today, but I will at least mention one.  Instead, I wish to direct your attention to the economy in general.  I’m also going to say some things that the media does not often say and politicians don’t want them to say it. The economy is out of control. […]

Daily chart: In yesterday’s session, the GBPUSD made a strong bullish movement and now this pair is trying to break the resistance level at 1.5642. If successful, it is expected to rise to the level of 1.5746. We should note that this resistance is very strong and weeks ago, the pair tried to break this […]

Daily chart: This pair has made a successful bullish rebound on the support at the level of 1.5506. It is very likely that this is the formation of a higher low pattern, so that it continues to drop. If the GBPUSD manages to break this support, it is expected to fall to the level of […]

Daily chart: This pair has made a bullish rebound on the moving average of 200 and the beginning of the week, it opened with an upward gap. However, it is known that the GBPUSD could fall back to the support at 1.5506 level, because this has to fill the space left by the gap. If […]

Telecommunications giant Vodafone (LSE:VOD) has responded to media speculation that it was set to announce a £84bn sale of its stake in Verizon Wireless. In a statement the company said it was in “advanced discussions with Verizon Communications Inc. regarding the disposal of Vodafone’s US group whose principal asset is its 45% interest in Verizon […]