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The Euro recovered some of its losses against the Dollar and Sterling yesterday with slightly better than expected PMI Manufacturing Data. There are some signs that the strong expansion seen in Germany is now about to level off, however, with Service sector PMI declining slightly in April. The Euro also…
Controversial holiday home tax scrapped 21 June 2011 NilsZ – Fotolia.com Almost as soon as it was mooted in parliament, the proposal to introduce a new tax on those with second homes in France has been scrapped. The decision by President Nicolas Sarkozy was made over the weekend under pressure…
George Osborne used his annual address at the Lord Mayor’s banquet last night to announce that Northern Rock would be put up for sale, or at least part of it. During the financial crisis the bank was split into a ‘good bank’ containing the branches, retail deposits and the less…
Asian equity markets have started the new week lower, following on from Wall Street’s lower close on Friday. Worries continue to abound about the recent spate of macro data and what it means for the global outlook. While there was little out of consequence overnight, a fall in machine orders…
The difficulties on our high street were laid bare yesterday when the owner of the Argos chain said that sales of TV’s, iPods and audio equipment had fell by up to 25% over March and April. This news also coincided with a major survey showing that 40pc of consumers had…
UK house prices have dropped at their fastest rate for 19 months with, prices falling 4.1% in the three months to May. This is a trend that is likely to continue in the near term, with, mortgage approvals a leading indicator of house prices dropping in April. This is as…