Weekly Market Update 27/09/2024

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Chinese shares had their strongest week of trading since 2008 after Beijing announced an unprecedented economic stimulus package. The announcement on Tuesday included a range of measures designed to revive flagging economic growth and help debt-laden property owners, with the People’s Bank of China cutting the reserve ratio requirement for banks, lowering interest rates and…

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The Importance of Income Protection

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Your income is the basis on which all life plans are made and as such it needs to be prioritised in terms of protecting it when making any financial planning arrangements, or just simply to maintain your lifestyle. Without an income, all other objectives will fail. Maintaining an income is the foundation of any kind…

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Weekly Market Update 20/09/2024

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On Wednesday, the Federal Reserve cut interest rates by half a percentage point to a range of 4.75% to 5%, the central bank’s first cut in over four years. At the news conference following the decision, Fed chair Jay Powell said the move had been made to “maintain the strength of the economy and labour…

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Weekly Market Update 13/09/2024

According to official figures released on Tuesday by the Office for National Statistics, UK wage growth slowed in the three months to July, with the data showing growth of 5.1% compared to 5.4% in the three months to May, in line with analysts’ expectations. This came off the back of weakening payroll employment and hiring,…

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Weekly Market Update 06/09/2024

UK retail sales grew at an annual rate of 1% in August according to the data released by the British Retail Consortium on Tuesday. This is up from 0.5% in the previous month, and higher than the three-month average of 0.4%. The growth could be attributed to the warm weather, encouraging consumers to spend more…

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Does Your Business Have These Key Protections?

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When you are running a business, there are multiple issues competing for your attention at any given time. You want to make sure that your business is profitable, productive, and cost-efficient.       But sometimes the unexpected can occur, throwing your business plans off-track. It’s worth taking some time to consider where your business…

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Weekly Market Update 30/08/2024

On Tuesday, Prime Minister Sir Keir Starmer gave a speech prior to the autumn budget warning of tax rises to fill the £22bn “black hole” left by the Conservatives.  Labour has ruled out increases to income tax, VAT, and national insurance.  However, Starmer did not elaborate on which taxes would be raised, and he made…

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Weekly Market Update 23/08/2024

BT group suffered a sharp drop in its share price on Tuesday as Sky announced they would be using rival CityFibre to roll out full fibre internet across the UK, concentrating on areas not currently serviced by BT Openreach. Sky’s current 6.5m subscribers are expected to stay on the BT Openreach network, however, BT shares…

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Weekly Market Update 16/08/2024

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UK headline inflation came in at 2.2% in July according to figures released by the Office for National Statistics on Wednesday. This was lower than the expected figure of 2.3% according to a poll from Reuters. Although inflation is still above the Bank of England’s 2.0% target, the sharp fall in pricing pressures may yet…

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Weekly Market Update 09/08/2024

A woman looks over mountains with MHA Caves Wealth logo across the bottom

Global markets faltered on Monday off the back of fears of a US recession due to the slow response by the Federal Reserve to cut interest rates after signs that the US economy has started to weaken. Last week’s jobs report showed a much sharper slowdown in hiring than markets had anticipated, and recent earning…

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