Britain's capital spending mystery
Article Abstract:
UK capital investment appears to be too low, though prices for investment goods are not rising as fast as prices for other goods. High profits, low interest rates and high levels of business confidence should foster capital investment so it is unclear why levels are low. Investment may be rising faster than estimated, and the picture is more postive if the public sector and housebuilding are excluded. The UK Labor party aims to boost investment and companies may be delaying investment in case the government introduces tax changes after the 1997 election.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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More down than up
Article Abstract:
The strength of pound sterling has put pressure on UK corporate earnings and 60% of revisions to profit forecasts have been downwards. Sterling's strength has affected British Steel and Tate and Lyle among others. Some retailers such as J Sainsbury and Argos have also had their forecasts downgraded and some of these, such as Sears have also issued profit warnings. Upward revisions include Berkley Group, a housebuilder, which has also seen a rise in its share price.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
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