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Good news only, please

Further good news is that Rolls Royce has won a $2.7Bn order from budget carrier Norwegian Air for a package of new Trent 1000 engines and service support for 19 new 787 Dreamliner aircraft. This is just as well because it looks like the order book for Rolls Royce limousines to oil Sheiks will be slowing down. What a shame.

This week, Google, which is now part of our day-to-day language and activity, showed an impressive share rise by 6%. This pushed its market capitalisation above Apple making it the most valuable Company in our solar system, and possibly beyond.

Lastly, Mark Carney, Governor of the Bank of England has said UK interest rates will remain low until well into next year, and I know many of you will be unhappy about that. Would you like to be happy again? Call us as we have several solutions and will find one that suits you and your circumstances best.

‘Til next time, I’m off for a drive with the family, because I can and cheaply.

Time for action? Call us.

This communication is for informational purposes only and is not intended to constitute, and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice from a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.

Other News

NEWS WRAP – Interest Rate Debate – Trust in Growth or Manage Risk?

GraphThe latest Purchasing Managers Index (PMI) survey describes widespread growth across the UK economy, with notable upturns in the services and manufacturing sectors.

The PMI records and aggregates the strength of various sectors of the economy and is often used to predict likely changes to interest rates. The fact that data for January indicated the most significant growth in 16 months, led many pundits to speculate on the unlikelihood of an interest rate cut by the Bank of England. And they were right.

The picture of growth was supported by numerous data channels. For example, figures from Rightmove revealed a 2.3 per cent month-on-month upturn on UK house prices in January, the largest ever recorded for the month, and this assisted the annual house price rise figure to 2.7%, the largest increase since 2017.*

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Gibraltar National Day celebrations illustrate the Rock’s British pride

Gibraltar FlagThe Rock has recently celebrated a special date: Gibraltar National Day, which happens on September 10 and marks the anniversary of the 1967 sovereignty referendum, when citizens chose whether to remain under British rule or pass over to Spanish sovereignty. The vote was overwhelmingly in favour of staying British.

This year, over 3,000 Gibraltarians dressed in red and white, honouring their beloved territory’s flag, and filled Casemates Square for a rally. This was then followed by festivities including fireworks, a helicopter drop of petals, and blasts of red and white smoke.

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