The reported decline in UK unemployment figures last month gave sterling an extra boost, pushing the euro/sterling rate towards the €1.20 mark, exchange rate analysts observed.
Unemployment fell to 7.8% in June, down from 8.0% in April.
Exchange rate specialist Caxton FX said the rise in employment shows employers are willing to recruit, and represent a recovering [...]
Respected economic forecaster, Ernst & Young ITEM Club, sees the prospects for the UK’s economic recovery remaining poor this year, with output growth likely to be about 1%.
In its latest “Outlook for Business” report, the firm’s analysts describe world output and trade as “recovering rapidly” and maintain their view that exports and other sources of [...]
The full extent of UK mortgage fraud in the lead up to the credit crisis is probably as yet unknown and signs of economic recovery have prompted the National Fraud Authority (NFA) to remind lenders that they must continue to combat the crime.
According to the NFA, almost £144 billion was loaned in mortgages in 2009, [...]
Having studied the latest figures from the Insolvency Service, Grant Thornton is predicting a glut of company failures in England and Wales during 2010.
Last year saw a record 4,161 companies placed in administration (up 1.7% on 2008) and the accountancy firm warns: “There is no light at the end of the tunnel for troubled companies [...]
Speaking today at the annual conference of the Confederation of British Industry (CBI), Prime Minister Gordon Brown told business leaders that in order to sustain economic recovery, financial stimulus measures will be kept in place for as long as necessary.
The PM warned that economic recovery would be put at risk if official support was withdrawn [...]
US light crude hit $74.49 (£45) a barrel by afternoon in Europe today – after reaching $74.81, its highest intra-day price in ten months, on the back of increasing demand.
Meanwhile, London’s Brent crude was 16 cents higher to $74.35 a barrel.
This resulted in stock rising in BP, Royal Dutch Shell, BG Group and Cairn [...]