Practicenet, Author at Michael F. Dolan & Co

Manufacturing sector contracts for fourth month in a row – PMI

October 2, 2019By Practicenetmanufacturing, Syndicated

Manufacturing sector contracts for fourth month in a row – PMI Factory activity shrank for the fourth successive month in September and is stuck around levels posted in July and August as a global manufacturing slowdown and Brexit uncertainty weigh on demand. The AIB IHS Markit manufacturing Purchasing Managers’ Index (PMI) stood at 48.7 in […]

Sterling dips to one-month lows as Brexit nerves hit

October 2, 2019By Practicenetsterling, Syndicated

Sterling dips to one-month lows as Brexit nerves hit The British pound extended losses today, plunging through technical support levels to a one-month low against the dollar as traders became increasingly nervous about Britain crashing out of the European Union at the end of the month. Broad-based dollar strength also contributed to the falls,analysts said. […]

Central Bank urges no-deal Brexit checks with financial services firms

October 2, 2019By Practicenetbrexit, Syndicated

Central Bank urges no-deal Brexit checks with financial services firms The Central Bank has urged customers of financial services companies to take steps to ensure those firms are ready for the consequences of a no-deal Brexit. The regulator has also warned there will inevitably be some negative impact on consumers where firms have not prepared […]

Weak US business investment, tepid profits cast shadow on economy

September 30, 2019By PracticenetSyndicated, usa

Weak US business investment, tepid profits cast shadow on economy US business investment contracted more sharply than previously estimated in the second quarter and corporate profit growth was tepid. Today’s new figures cast a shadow on an economy that is being stalked by financial market fears of a recession. Weak business spending, which has been […]

Sterling extends losses as Brexit impasse prevails

September 30, 2019By Practicenetsterling, Syndicated

Sterling extends losses as Brexit impasse prevails Sterling fell today for a second day in a row, as investors waited for parliament’s next step to break the Brexit impasse and opposition leaders gathered to discuss tactics. The European Union’s Brexit negotiator, Michel Barnier, said Britain had yet to provide “legal and operational” proposals for an […]

Retail sales rebound in August – CSO

September 30, 2019By Practicenetretail, Syndicated

Retail sales rebound in August – CSO Retail sales increased 2.1% in August on an annual basis, new figures from the Central Statistics Office show today. On a monthly basis, the CSO said that retail sales jumped by 5.7% in August compared to July. Excluding the motor trade, which has been very volatile in recent […]

FTSE drops for 5th straight day after slew of profit alerts

September 27, 2019By PracticenetFTSE, Syndicated

FTSE drops for 5th straight day after slew of profit alerts London’s FTSE 100 fell for the fifth straight session on Thursday as profit warnings from tobacco firm Imperial Brands, Aer Lingus owner IAG and education company Pearson weighed down the blue-chip index. The FTSE 100 gave up 0.2pc, as Imperial and BAT shed 9pc […]

Mortgage approvals see annual rise of 4.1% in August

September 27, 2019By Practicenetmortgage, Syndicated

Mortgage approvals see annual rise of 4.1% in August New figures show that the number of mortgages approved rose by 4.1% in August on an annual basis, while they fell by 15.1% compared to July. The Banking & Payments Federation Ireland, which is urging an extension of the Help to Buy scheme in next month’s […]

Govt should consider supplementary Budget to respond to Brexit – ESRI

September 27, 2019By Practicenetbudget, Syndicated

Govt should consider supplementary Budget to respond to Brexit – ESRI The Economic and Social Research Institute has said the Government should consider a supplementary Budget in the New Year to respond to Brexit. Next month’s Budget will be drawn up on a “disorderly Brexit” scenario. In its latest Quarterly Economic Commentary, the think-tank warns […]

UK factory output expectations plunge to 10-year low

September 26, 2019By Practicenetfactory, Syndicated

UK factory output expectations plunge to 10-year low British factories’ own expectations for output fell in September to their lowest in more than 10 years, according to a survey that showed Brexit and a global slowdown weighing on manufacturing. The Confederation of British Industry’s (CBI) monthly manufacturing order book balance fell to -28 in September […]

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Author: Practicenet