Posts Tagged ‘Dr Doom’

Friday Fiver

posted by Edward Jones

For this week’s festive fill of Friday fun from the FPS team, sorry, I’ll stop with the Fs now. This week’s 5r below…

UK goes alone over Europe

Picture: BBC

It looks like the Prime Minister, David Cameron, has bowed to domestic pressure at the expense of international, or at least European influence. The history of Europe and the Conservative party looms large over his decision, but it does appear to represent an element of weakness in his leadership which wasn’t there before. The PM’s detractors are getting increasingly confident, backbench MPs were particularly vocal in PMQs this week, and one commentator even questioned what the odds might be on all party leaders being in present position by the time of the next election; at the moment it feels like an appealing bet. At least Cameron can take heart in Labour’s travails which it seems, according to the latest opinion polls, are getting worse.   

Christmas on the High Street

Every year it seems to get later. Logically you’d think that the busiest day on the high street would be mid-December, to allow time to wrap gifts and because people are keen to avoid the last minute dash.

Guess the road...

In reality, the busiest shopping periods over the past few years have been shifting towards the 22nd, 23rd or even 24th Dec as our client Visa showed last year, with 23 December being the peak. Christmas arouses the best of our consumerism, but even that has finally been dampened by high inflation and low or no wage growth. Why is this? Firstly, there’s the economic situation. Secondly, is the knock on effect of this dampening – retailers have to work extra hard to get us into shops. Discounting is the most effective way to do this but this presents a problem – discount too soon and your margins shrink. With big stock bills and rent to pay, its hard to afford that for long. So begins a game of poker between retailer and customer – the retailer always blinks first, it’s just a question of when.

It can’t be! Some good news…

In a rebuff to Dr Doom, the UK’s export market is apparently staging a come back. According to ONS statistics published today the value of UK’s exports have hit a record high and we’ve been importing less, meaning a narrowing trade deficit. Chemicals, medical products, and telecoms equipment performed particularly strongly in what will be seen as a boost to the Government, UKTI and the Department for Business who are banging the drum on this increasingly loudly. In last week’s Autumn statement the Government allocated £10 million to help mid-size British businesses export and £35 million to double, from 25,000 to 50,000, the number of SMEs that UKTI supports each year.  Analysts have cautiously welcomed the news, but the Government will be delighted.

There’s an app for that

You may have noticed, but the Fiver team are rather fond of the FT. On Tuesday everybody’s favourite pink paper launched an app for Android, which will replace the slightly clunky web browser version. We’ll await the Apple version with anticipation. If anyone has got round to downloading the new app, we’d be interested to hear what you think.

Osborne and Balls get in the Festive spirit

George Osborne and Ed Balls

Enough said.

FPS’ Friday Fiver

Happy Friday peeps! Here is our fiver with a definite sporty feel to it this week. Thanks to KB, DC, CC and newby Sallie Bale, who writes about life as a fresh graduate, for this week’s contributions.

A new virtual team member….First of all, a quick welcome to our new virtual team member, DR DOOM, who we anticipate making more appearances on this blog over the coming months. We may yet recruit an alternative superhero breeding confidence into our markets, but for the time being we provide you with a depressing reminder that:

  • German, Italian and French markets were all down this week
  • Gold is reached a record value of $1,900/oz
  • And the all important services sector recorded its weakest growth in a year this August according to the Markit and our client CIPS’ (Chartered Institute of Purchasing and Supply) services index this week

International Paralympics Day….This week all eyes have been on the Paralympics with a huge event being held in Trafalgar Square to mark the occasion of International Paralympic Day yesterday. The event drew an impressive crowd, unsurprising considering there was a lot on offer: David Cameron and Boris Johnson taking on a (rather competitive looking) friendly doubles tennis match and Paralympic stars such as Oscar Pistorius and Ellie Simmonds were also in attendance.

Boris and Dave faced off over the net this week - it could be a sign of things to come (Image: Daily Mail)

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