The U.S. dollar remained stable following a pullback in the prior session. The currency pared nearly half of the gains spurred by Donald Trump’s election victory earlier this week. Market participants are…
Tag: finance
Labour’s Budget will cost Sainsbury’s £140 million and lead to higher inflation
Sainsbury’s has said the Autumn Budget has led to the supermarket chain warning they will take a £140 million in costs. The supermarket giant said that last week’s Budget will also lead…
Gold prices steady ahead of US election
Gold prices remained stable as investors were cautious ahead of the US presidential election. Market sentiment has been particularly focused on the tight race between Democratic candidate Kamala Harris and Republican candidate…
High street’s ‘Golden Quarter’ off to a poor start with in-store sales growth of just +1.7 per cent
Total retail sales across discretionary spend categories grew by +4.1% in October, compared to an overall sales decline of 1.7% for the same month last year, according to BDO’s latest High Street…
Labour accused of ‘thievery’ and farmers warn of ‘catastrophic’ consequences
The Chancellor has been accused of “thievery” after removing the inheritance tax exemption from farmers which could cost them their livelihoods. Farmers have warned the government this could now lead to “catastrophic”…
Dollar strengthens: Investor caution ahead of NFP data release
The U.S. dollar is gaining strength as market participants shift their attention to the upcoming release of the Nonfarm Payroll (NFP) data, which is anticipated to provide hints about the Federal Reserve’s…
Yen rises temporarily after BoJ, pressure remains
The yen experienced an upswing today following the Bank of Japan’s decision to maintain its ultra-low interest rates and Governor Kazuo Ueda’s remarks at the post-meeting press conference. However, such positive movements…
Aston Martin losses narrow
Aston Martin has beaten analysts predictions and has shipped more cars and have “pro-actively” achieved to manage the ongoing supply chain issues. The Luxury car maker reported in the third quarter pre-tax…
UK R&D tax Budget stagnates over a decade
Financial consultancy specialising in Research & Development (R&D) tax relief, RCK Partners, and the London Business School, have published a Comparative review of the UK’s R&D Tax Relief scheme relative to Other…
Dollar rebound eases amid manufacturing concerns and upcoming key data
The U.S. dollar has taken a breather after a rebound, as traders remain cautious due to concerns surrounding the U.S. manufacturing sector. The latter continues to contract despite an improvement as shown…