The FTSE-100 continues to move upwards despite the news that the UK economy suffered its worst ever fall in the second quarter. Thanks to a weaker dollar, signs of a slowing coronavirus spread as well as hopes for new stimulus propelling British equities higher, the index recently closed at a two-month high of 6280. The Footsie’s performance has been echoing similar strong gains across European indices, taking its cue from Read More….
QuickQuid, the UK’s largest remaining payday loan provider, is set to close even though thousands of complaints about its lending have not yet been resolved. US owner Enova said that QuickQuid will leave the UK market “due to regulatory uncertainty”. The collapse means that thousands of borrowers who said they were missold unaffordable loans will only get a proportion of the payouts they would have been due. In the first Read More….
According to the latest figures from the Office for National Statistics (ONS), UK wage growth slowed down in the three months to September. The figures also showed the biggest annual drop in the number of job vacancies in nearly 10 years – it was the ninth consecutive monthly fall in available work, with advertised positions dropping by 18,000 to 800,000. During this three-month period, there were 32,75 million people in Read More….