Markets Economy

Markets and Economy

Thursday market close: Warning from Barclays takes Footsie lower

London’s top-flight index swung into the red as investors took a dim view of Barclays despite the banking giant posting a significant surge in profits.

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Free-spending shoppers have been underpinning economic growth, but a slowdown is looming. Picture: Ian Georgeson

Economy facing slowdown as confidence wanes

Latest GDP statistics are something of a curate’s egg and suggest that the momentum may be coming out of the British economy, discovers Scott Reid.

Markets Economy
David Alexander shares six points that buy-to-let investors 'cannot afford to ignore'. Picture: Ian Georgeson

David Alexander: Six keys to buy-to-let success

Most landlords make a success of buy-to-let but not doing so is usually down to one reason: failure to carry out due diligence.

Markets Economy
David Mundell attacked Holyroods use of its new tax powers to change the higher rate threshold. Picture: Andrew Cowan/Scottish Parliament

Mundell: Tax rise will drive away immigration from Scotland

Plans to make Scotland the highest taxed part of the UK could drive away future immigration, the Scottish Secretary has claimed.

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A boy has his arm measured to see if he is suffering from malnutrition in South Sudan. (Kate Holt/UNICEF via AP)

UK to give South Sudan and Somalia £100m each in aid

South Sudan and Somalia will receive £100 million each in UK aid.

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The First Minister made the announcement today. Picture: John Devlin/TSPL

Youth employment programme wins £6.1m government funding

Young people across Scotland will continue to benefit from a social fund to help them into work thanks to a £6.1 million investment, Nicola Sturgeon has announced.

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The UK is the G20's largest investor in India. Picture: Shaun Botterill/Getty Images

UK strengthens ties with India as investment soars

The UK has strengthened its position as the single largest G20 investor in India, supporting close to 800,000 jobs, according to a new report.

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The BoE, led by governor Mark Carney, has admitted to being overly pessimistic about the impact of Brexit, writes Martin Flanagan. Picture: PA Wire

Martin Flanagan: BoE tries to tell it like it is

Candour in public life is always welcome, and sometimes even useful.

Markets Economy 1
MPC member Gertjan Vlieghe gives evidence to the Treasury select committee. Picture: PA Wire

Bank of England forecasts remain flawed, MPs told

The Bank of England will fail to forecast the next financial crisis despite having learned from its “Michael Fish” moment, MPs have been told.

Markets Economy
Many manufacturers expect to raise their prices over the next three months. Picture: Andrew Milligan/PA Wire

Factories hit a two-year high but prices fuel concerns

Order books at UK factories have a hit a two-year high, but plans by many manufacturers to hoist prices to compensate for the weak pound threatens future growth, a survey has found.

Markets Economy
The gender pay gap in Scotland currently stands at 15 per cent. Picture: PA

Closing gender pay gap ‘worth £6.5bn’ for Scotland

The gender pay gap in Scotland currently stands at 15 per cent despite improved opportunities for women in the workplace, according to a new report.

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Edinburgh saw an 8% rise in sales at the top end of the market, but Aberdeen suffered a 44% slump. Picture: Scott Barbour/Getty Images

Edinburgh bucks decline in £1m-plus home sales

The number of house sales valued at £1 million and above dropped by 6 per cent last year, according to data from property group Rettie & Co.

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Chancellor Philip Hammond will deliver his Budget on 8 March. Picture: Jack Taylor/Getty Images

Scott Reid: Spring Budget to be the calm before the storm

The first few months of Philip Hammond’s reign as Chancellor have been nothing if not eventful.

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Global dividends edged up just 0.1% last year on a headline basis. Picture: Daniel Leal-Olivas/AFP/Getty Images

Topsy turvy times for investors’ dividend payouts

Shareholders endured a disappointing 2016 with collective global dividend payments only inching ahead, although the outlook is a little brighter, a report today notes.

Markets Economy
The new 1 is claimed to be the most secure coin in the world. Picture: Royal Mint

Current £1 coins won't be worthless in October, Treasury reassures public

The current £1 coin will not become worthless after it is replaced and ceases to be legal tender in October, the Treasury clarified today.
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Chris Harte says extra tax-raising powers bring with them greater fiscal risk. Picture: Contributed

Chris Harte: Comparisons with the rest of UK matter

You would think that rising productivity levels in Scotland, particularly when the rate of improvement is four times faster than the UK average, is good news.

Markets Economy 2
Lord Bruce, honorary patron of the Japan Society of Scotland, and Hajime Kitaoka, consul general of Japan, toast the creation of the first ever Scottish-Japanese whisky in 2015. Picture: Greg Macvean

Scotland set to boost business and cultural links with Japan

Rising Japanese interest in Scottish products goes far beyond a fondness for staples such as whisky and golf, writes Chris McCall

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David Alexander says investment in the rental sector is being hampered by uncertainty over lease periods. Picture: Ian Georgeson

David Alexander: Financial clout needed in rental sector

In the Commons last week, the secretary for communities, Sajid Javid, launched a white paper on housing that will place greater emphasis on providing homes for long-term private rental.

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David Corrie of CKD says supply is still outstripped by demand. Picture: Contributed

CKD flags brisk residential property trade in Galloway

Property consultancy CKD Galbraith has reported a solid start to 2017 in Dumfries and Galloway, with both residential sales and buyer activity on the rise.

Markets Economy
Despite inflation hitting its highest level for two-and-a-half years, many observers expect the Bank of England to keep interest rates on hold. Picture: Peter Macdiarmid/Getty Images

Inflation stalks the nation, but how high can it go?

As inflation hits its highest level since June 2014, rising import costs triggered by the weak pound will heap more pressure on consumers, writes Gareth Mackie.

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