You are here: Home - Investing -

Wednesday newspaper round-up: UK economy, Dow Jones, retail figures…

Written by:
Osborne braced for IMF challenge over austerity plans; Dow Jones hits new record high; UK retailers suffer sales drop.
Wednesday newspaper round-up: UK economy, Dow Jones, retail figures…

Chancellor George Osborne is said to be “braced” for the outcome of a review of the UK economy by the International Monetary Fund (IMF) starting today, the Independent said. Although the Treasury is ready to sing the praises of Plan A, “there is growing concern among ministers that the IMF will make its most explicit call for the spending cuts to be slowed at the end of its two-week visit”, the paper said.

The Dow Jones reached a new high on Tuesday evening, climbing above the 15,000 mark. The gains were made as investor confidence drove stock markets to record highs, although the rally came amid mixed signals from the wider US economy, the Guardian said.

The British Retail Consortium has revealed that UK retailers saw a decline in sales during April, with its three-month average showing a slowdown in growth to 2.6%. According to the Guardian, retailers suffered a 2.2% drop in sales last month compared with a year ago, largely as a result of the timing of Easter and the wintry weather.

Qatar has approached International Airlines Group about becoming the largest shareholder in the parent company of British Airways and Iberia by buying a stake held by Spanish bank Bankia, the Financial Times reported. It is understood Qatar is in talks with IAG to ask whether the airline group would welcome the Gulf country shareholder.


Tag Box

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Flight cancelled or delayed? Your rights explained

With no sign of the problems in UK aviation easing over the peak summer period, many will worry whether holida...

Rail strikes: Your travel and refund rights

Thousands of railway workers will strike across three days this week, grinding much of the transport system to...

How your monthly bills could rise as the base rate reaches 1.25%

The Bank of England has raised the base rate to 1.25% as predicted – the fifth consecutive rise in just six ...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

DIY investors: 10 common mistakes to avoid

For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.

Mortgage down-valuations: Tips to avoid pulling out of a house sale

Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?

Five tips for surviving a bear market mauling

The S&P 500 has slipped into bear market territory and for UK investors, the FTSE 250 is also on the edge. Her...

Money Tips of the Week