In 1990 interest rates were at 15 per cent. You didn't need to be brain of Britain to know that rates at that level were not going to last. It should be easy, therefore, to look at interest rates today – standing at 0.5 per cent – and see this must be the bottom of the interest rate cycle, with little chance of them remaining at record lows in the medium to long term.
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Wednesday 14 November 2012
Outlook So now along with the advent calendar, cut-out clock and toy lorry you can get an Eddie Stobart bond paying 5.5 per cent! That'll go down well in the haulier's souvenir shop. The launch of said bond, aimed directly at retail investors, is serendipitous: it came on the same day inflation figures provided a nasty shock with the consumer prices index at an unexpectedly high 2.7 per cent.
Saturday 20 October 2012
On Thursday I shared a stage with Sir Ronald Cohen, a man with a mission.
Saturday 13 October 2012
Friday 05 October 2012
Pressure continues to mount on Spain's Prime Minister, Mariano Rajoy, to request a bailout from the European Central Bank as the country strained to sell €4bn (£3.2bn) of debt.
Friday 05 October 2012
But Rajoy plays chicken with bond markets as he 'thinks he might get away with it'
Friday 28 September 2012
The former senior Credit Suisse trader who was this week arrested in London on fraud charges was granted bail in court yesterday, with his lawyer saying he would fight plans for his extradition to the US.
Wednesday 29 August 2012
Portugal faced fresh scrutiny from international lenders over its €78bn (£62bn) bailout yesterday amid mounting concerns that the nation could need "tens of billions" extra in funds.
Thursday 23 August 2012
Outlook From Reuters: "Germany easily sold €4bn of new, interest-free, two-year bonds on Wednesday, with investors edgy about European Central Bank plans to curb the debt crisis... Germany sold bonds with a zero coupon – meaning it pays no interest to the holder – for the second time this year, reflecting a fall in its borrowing costs to historic lows..."
Tuesday 21 August 2012
Crashing out of Europe can mean very different things to different people. Manchester United's early exit last year from the Champions League spelled a big hit to revenue and pride. George Soros, in contrast, made his name, and perhaps a billion pounds, when his Quantum fund bet that Britain would have to leave the European Exchange-Rate Mechanism in 1992. The octogenarian financier has now turned his attention to the Premier League giants. That could help lift investor sentiment about the recently floated Red Devils.
Sunday 19 August 2012
Corporate bond funds are on most investors shopping list. They are meant to be safer than shares, investing in some of the world's biggest companies and achieving a regular income stream. No wonder that in June more than £200m were ploughed into this type of fund.
Friday 17 August 2012
Facebook shares have sunk to fresh lows after early investors were allowed to ditch the stock for the first time since its flotation.
Tuesday 14 August 2012
The company behind the Docklands landlord Canary Wharf Group has sealed a refinancing deal which could pave the way for dividend payouts for its ordinary shareholders.
Monday 13 August 2012
Saturday 11 August 2012
Financial scams are nothing new. This exuberant satire dissects the art of fraud, 1960s style
Sunday 05 August 2012
Investors in InterContinental Hotels, which is reeling from a price-fixing investigation, hope for better news this week with City analysts betting they may be on track for a $1.5bn (£960m) bonus.
Durham Free School: 'Creationism taught at' free school facing closure
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
Ukip would cut billions from Scottish budget to fund English tax cuts
End of the licence fee: BBC to back radical overhaul of how it is funded
Ukraine crisis: Top Chinese diplomat backs Putin and says West should 'abandon zero-sum mentality'
Boris Nemtsov shot dead: Outspoken Putin critic who had expressed fears for his life is killed near the Kremlin
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