The UK Economy

The share price of the Royal Bank of Scotland (LSE:RBS) had dropped from 343.6 to 339.3 as of 13:20 today.  The consensus on the street is that the decline has come as the result of an statement by W&G Investments (LSE:WGI). The statement was in reference to the government-mandated divestiture of 315 under-performing RBS branches. […]

During the first half of 2013, Bovis Homes made “significant progress in the ongoing delivery of its strategy to improve shareholder returns” with a strong improvement in housing profit, an increase in the number of active sales outlets, a material improvement in the rate of sale per site and “the successful continuation of investment in […]

Clarkson PLC, one of the world’s leading shipping services group, has announced unaudited results for the six months ended 30 June. In a statement the firm, has offices in 16 countries on five continents, said that they had delivered a “Robust performance delivered in challenging markets” and archived revenue of £89.1m, an increase of £1.1m […]

Mike van Dulken, Head of Research at Accendo Markets, commented in his Weekly Roundup to clients; Another FTSE 100 correction week, this time taking us lower than the last to retest summer lows, but also much quicker than last time. Was that it, and is the only way is back up towards summer highs? Or […]

Daily chart: The GBPUSD achieves in break the resistance level at 1.5506. Now, this pair is trying to break the resistance level at 1.5642. It is unlikely that today’s session, the pair that manages to break this resistance, because the movement has lasted quite bullish and it is very likely that this begins to form […]

Pound Sterling The Pound made a second weekly gain after the UK currency received support from a host of positive economic data releases. On Monday Sterling made gains against the Euro as data showed that British banks increased the number of mortgages being approved .The data added credence to the belief that the UK recovery […]

The leading cinema chain Cineworld has reported  2013 half-year revenue growth of 21.9% from £165.4m to £201.6m. Cineworld Cinemas’ revenue growth was 10.5% driven by increased Box Office receipts, up 10.5% at £131.0m (2012: £118.6m. The group’s Picturehouse arm also revenue growth was 12.9% on a pro forma basis EBITDA growth was 22.1% on a […]

E.ON Exploration & Production’s (E&P) Tolmount gas discovery in the UK North Sea could contain significantly higher volumes than originally estimated, making it one of the largest discoveries made in this part of the North Sea for several years. The recently completed appraisal well reached its targets within time and budget on 6th July. A […]

Daily chart: The GBPUSD bounced off the resistance level at 1.5506 and now this pair is falling below the 200 day moving average and is expected to fall to support at the 1.5407 level. If the pair manages to break that level, it is expected to fall to the level of 1.5266. However, the bullish […]

Pound Sterling – The Pound began the week on a positive note after economic data continued to support hopes that the UK economy is making a strong recovery. A better than expected services PMI climbed from 56.9 in June to 57.4 in July. To ask a currency expert a question direct, click HERE Or to […]