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24/09/2001
Share prices take tentative steps towards recovery
Share prices worldwide have made the first steps towards reversing last week’s seemingly unstoppable downward trend, which at one point saw American investors holding share losses running at nearly $1.2 trillion.
An uneventful weekend in terms of world news has stirred indexes throughout Europe into positive, if cautious, action, as Wall Street reported a positive start to the week. The Dow Jones and Nasdaq gained immediately upon opening, rising more than 3% within the first ten minutes of trading. In London, the FTSE showed similar early-day gains, while Paris and Frankfurt reported upward trends of between 3 to 4% - although trading still remains tentative as to America’s next move, following President Bush’s commitment to military retaliation.
However, while gains have been made, the markets have a long and steady climb ahead before they attain the levels seen before the 11 September attacks.
Markets in the Far East remained static, with Tokyo closed for a bank holiday and Hong Kong’s Hang Seng rising only slightly, thanks to active buying of banking and telecoms stocks.
In addition, European indexes, slightly more buffered from the slide than their American counterparts, are still carrying losses of around 20% as fears of worldwide recession grow despite interest rate cuts by both the US Federal Reserve and Central Banks throughout Europe.
In the UK, the Governor of the Bank of England, Edward George has said that it is too soon to judge whether the UK will enter into recession but hinted at further cuts in interest rates in an attempt to stimulate domestic economy. He also described how the UK could see some short-term weakening in both the current quarter and the next, in terms of the economic shockwaves of the terrorist attacks in America.
He added: “Looking beyond the short-term, there is no reason to think that the world is going into a really serious decline.” (CL)
An uneventful weekend in terms of world news has stirred indexes throughout Europe into positive, if cautious, action, as Wall Street reported a positive start to the week. The Dow Jones and Nasdaq gained immediately upon opening, rising more than 3% within the first ten minutes of trading. In London, the FTSE showed similar early-day gains, while Paris and Frankfurt reported upward trends of between 3 to 4% - although trading still remains tentative as to America’s next move, following President Bush’s commitment to military retaliation.
However, while gains have been made, the markets have a long and steady climb ahead before they attain the levels seen before the 11 September attacks.
Markets in the Far East remained static, with Tokyo closed for a bank holiday and Hong Kong’s Hang Seng rising only slightly, thanks to active buying of banking and telecoms stocks.
In addition, European indexes, slightly more buffered from the slide than their American counterparts, are still carrying losses of around 20% as fears of worldwide recession grow despite interest rate cuts by both the US Federal Reserve and Central Banks throughout Europe.
In the UK, the Governor of the Bank of England, Edward George has said that it is too soon to judge whether the UK will enter into recession but hinted at further cuts in interest rates in an attempt to stimulate domestic economy. He also described how the UK could see some short-term weakening in both the current quarter and the next, in terms of the economic shockwaves of the terrorist attacks in America.
He added: “Looking beyond the short-term, there is no reason to think that the world is going into a really serious decline.” (CL)
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27 August 2010
'Economy Improving' Says Bank, Despite Downgrade
Ulster Bank has announced that improving exports and more consumer spending has led to an improving economy, despite yesterday's downgrading of Ireland's credit rating. Ulster Bank said today it was revising its forecasts for Irish economic growth in 2010 upwards, predicts average annual GDP growth of 1%, up from -0.5% previously.
'Economy Improving' Says Bank, Despite Downgrade
Ulster Bank has announced that improving exports and more consumer spending has led to an improving economy, despite yesterday's downgrading of Ireland's credit rating. Ulster Bank said today it was revising its forecasts for Irish economic growth in 2010 upwards, predicts average annual GDP growth of 1%, up from -0.5% previously.
08 November 2002
Northern Bank posts record annual results
The annual results from the Northern Bank have revealed pre-tax profits of £111m up 13% on the previous corresponding year-end figures. The results include a £19.9m profit in relation to the disposal of subsidiary company Northern Bank Insurance Services to Wealth Management Europe Holdings another subsidiary of National Australia Bank.
Northern Bank posts record annual results
The annual results from the Northern Bank have revealed pre-tax profits of £111m up 13% on the previous corresponding year-end figures. The results include a £19.9m profit in relation to the disposal of subsidiary company Northern Bank Insurance Services to Wealth Management Europe Holdings another subsidiary of National Australia Bank.
19 September 2001
Unsteady market form in Europe continues
Shares in Europe continued their unsteady form due to continuing fears over the impact of last week’s terrorist attacks in the United States. The UK share index FTSE 100 was recorded as down 54.3 points on Wednesday afternoon, to stand at 4794.
Unsteady market form in Europe continues
Shares in Europe continued their unsteady form due to continuing fears over the impact of last week’s terrorist attacks in the United States. The UK share index FTSE 100 was recorded as down 54.3 points on Wednesday afternoon, to stand at 4794.
30 July 2001
IFAs singled out for criticism by Treasury-backed inquiry
A Treasury-back inquiry into the savings industry has criticised Independent Financial Advisers (IFAs) for being unduly influenced by potential marketing revenues when giving out financial advice to customers.
IFAs singled out for criticism by Treasury-backed inquiry
A Treasury-back inquiry into the savings industry has criticised Independent Financial Advisers (IFAs) for being unduly influenced by potential marketing revenues when giving out financial advice to customers.
20 August 2018
Just Eat Announced As New Belfast Bikes Sponsor
Leading global marketplace for online food delivery, Just Eat have been announced as the new sponsor for the Belfast Bikes public bike share scheme. Just Eat was awarded the sponsorship following a competitive tender and the newly branded bikes and docking stations will be unveiled later this year.
Just Eat Announced As New Belfast Bikes Sponsor
Leading global marketplace for online food delivery, Just Eat have been announced as the new sponsor for the Belfast Bikes public bike share scheme. Just Eat was awarded the sponsorship following a competitive tender and the newly branded bikes and docking stations will be unveiled later this year.
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Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
