Marks & Spencer and energy companies take hope away from FTSE rise
It took just three days of the New Year to see the FTSE 100 falls down 19 points after a good start to the year mainly thanks to RBS and Barclays. This time it is retailers and energy companies under the microscope.
Royal Bank of Scotland and Barclays push markets up
Good news at last for banking shares as Royal Bank of Scotland (LON: RBS) and Barclays (LON: BARC) pushed up markets in a positive way albeit marginally. This was mainly thanks to talks that Brazil’s Itau Unibanco (NYSE:ITUB) might take a stake in RBS.
Bank of England to inject another £25bn in 2010
It seems that the Bank of England is prepared to continue with their Quantitative Easing program by as much as £25bn in the New Year. The BoE has already put in £200bn into the UK economy through this system already.
Denmark economy on the up as Britain is still in recession
Gordon Brown and Alistair Darling believed would be ‘well placed’ to ride out the recession, however Britain remains the only G20 economy to fail to expand between July and September.
Office of Fair Trading lose Supreme Court case
A Major blow to millions of customers has been dealt by a Supreme Court ruling, who is trying to recoup billions of overdraft bank charges. The ruling has over turned other rulings which allowed the Office of Fair Trading to investigate the fairness of charges for unauthorised overdrafts.