Zero rate ‘euphoria’ has triggered a bond shock indicator
Stellar inflows into fixed income this week has caused one investment bank to warn of a “bond shock” in the coming months.
Three men charged with horsemeat sales fraud
Three men have been charged with fraud for allegedly conspiring to sell horsemeat as beef.
This is what Yellen could say that would change everything
The risk to markets is that Fed Chair Janet Yellen simply sounds more ready than markets expect to raise rates.
Tesco sells Euphorium bakery business
Tesco is selling its Euphorium bakery business as chief executive Dave Lewis seeks to turn around the supermarkets fortunes.
Frankie & Benny’s owner Restaurant Group to close 33 sites
The Restaurant Group, the owner of Frankie & Benny’s, Chiquito and Garfunkel’s, says it will sell or close 33 underperforming sites.
This could put a cap on the rebound in oil prices
This month’s moderate rebound in the oil price is likely to cool next year, according to analysts at Bank of America Merrill Lynch.
Isa savings at new record high, says HMRC
Savers put an average of £6,338 into Individual Savings Accounts (Isas) in the last financial year, a rise of 5% on the previous year.
World’s biggest pension fund blames $52 billion quarterly loss on Brexit
GPIF’s loss in April-June quarter almost matches shortfall for the whole of last year, the FT reports.
UK economic growth driven by shoppers in second quarter
Strong growth in spending by consumers helped to drive the UK economy ahead of the Brexit vote, official figures show.