What’s going on? The UK economy grew only 0.1% in July, 1/10 of the rate in June. What does this mean? While June was the end of a notably strong 2Q, which saw the UK economy grow 5%. T Things are now very different in 3Q, however: The government has withdrawn various economic support measures The supply…
Tag: british
Ep 98: Britain Officially Leaves EU
What was going on? On June 23, 2016, 52% of British voters chose to leave the EU. A lot has happened in the 1,317 days following: Prime ministers stepped down, proposed deals came and went, ceremonial maces were grabbed. But tonight (Jan 30, 2020), at 11pm London time, Brexit is actually, seriously, indubitably happening. What lies…
Journal Report 4: The British Pound As Brexit Approaches
What’s going on here? When it came to the switch from currencies to the euro, the Germans gave up their Deutsche mark, the French franc disappeared, and the Dutch guilder was no more, the Greeks gave up their drachma, and the Italians retired the lira. However, the British pound remained the currency of choice for…
Ep 79: Konnichiwa Ocado
What’s Going On Here? Shares of Ocado – the British online grocery store and, now, tech company – rose 11% after the company announced a new partnership with Japan’s biggest supermarket chain, Aeon. What Does This Mean? Ocado started life as just an online grocer, but it became tougher to stay ahead of big UK supermarkets…
Ep 26: Tesco Eats It
What’s Going On Here? Tesco (UK’s 100-year-old largest retailer), reported weaker-than-expected sales growth thanks to a rotten grocery market. What Does This Mean? Tesco’s UK sales grew only 0.4% last quarter (down from 1.7% in the previous one). Sales in central Europe fell by 5%. Tesco (like other retailers) pointed to the weather: an unseasonably cold May and the previous hottest-since-records May was a…
Ep 22: Sinking Island
What’s Going On Here? The UK’s manufacturing output in April fell by the most in over 17 years; The British economy shrank. What Does This Mean? British manufacturing production in April fell by 3.9% compared to March. Brexit was partly to blame. With the UK initially planning to leave the EU in March, companies stockpiled goods in anticipation of potential supply shortages, helping…
Ep 11: Stocks Stand Up To Be Counted
What’s Going On Here? FTSE 100 (comprises the UK’s biggest public companies by values) will “rebalance”: some stocks will become popular while others slide out of fashion. What Does This Mean? FTSE 100’s performance can help investors gauge the health of British firms and the economy, which is regularly updated to welcome and boot out companies….
with HT 