WeekWatch – confusion in the commons

Big Ben

Stock Take “Would it not be easier…for the government to dissolve the people and elect another?” wrote Bertolt Brecht, the German playwright, in the 1950s. After last week, and despite surviving a no-confidence vote, Theresa May might also wish to dissolve parliament – and who can really be certain she won’t, thereby triggering an election, [read more]

Market Bulletin – Pinball Pound

Pinball Pound

Brexit developments sent sterling careering, while fears over China and banks weighed on global markets. “Minister, Britain has had the same foreign policy objective for at least the last 500 years: to create a disunited Europe,” said Sir Humphrey Appleby, the slippery senior civil servant in the 1980s TV comedy, Yes Minister. “We had to break the [read more]

Market Bulletin – Technology Revolutions

Technology Revolution

Trouble for technology stocks dominated US markets, while growth and trade fears weighed on sentiment globally. Steamships and railroads opened up the nineteenth century world; electricity, gas and oil powered the new industrial processes of the twentieth. Such shifts were mirrored on stock markets. In 1917, the largest stock on US markets was US Steel, [read more]

Market Bulletin – A Good Deal Worse?

A Good Deal Worse?

May’s Brexit deal split her Cabinet, imperilled her leadership, and rocked markets. There are decades when nothing happens and there are weeks, said Lenin, when decades happen. Has the UK just been through one of those weeks? There are reasons to think so. When Theresa May delivered first a Brexit deal and then Cabinet approval [read more]

Market Bulletin – Bittersweet

A busy week of news for company earnings and economic growth ends with a tumble for technology and tobacco stocks. It’s true. Chocolates really are getting smaller. Some bags of Maltesers have shrunk by 15%: indeed, 2,529 products have decreased in size in the last five years, while just 614 have got bigger, according to [read more]