No surprise
Article Abstract:
The UK stock market was little affected by a rise in interest rates in Feb 1995, since this rise had been expected. The UK market has followed trends in the US market, but the optimism seen in the US could be based on false hopes that US interest rates may not rise again. A rise in US rates would lead to a drop in US share prices which would affect UK share prices. The pound sterling has been hit by political uncertainty which in turn affects share prices. Profit downgrades may also become more common for UK companies.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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New market gamble
Article Abstract:
The UK Stock Exchange plans to set up and Alternative Investment Market (AIM) to replace the Unlisted Securities Market (USM) from June 19 1995. The move raises concerns over regulation. The compliance burden rests with stockbrokers whose reputations depend on how accurate prospectuses are. The aim is for 150 firms to be listed by year-end 1995. Companies can obtain a listing without a trading record. Investors are likely to be faced with possible high risks and high returns.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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UK equities: raising targets
Article Abstract:
BZW is more optimistic about UK share prices due to the strength of ound sterling and narrower yield spreads for government securities in relation to those of Germany. The market may become edgy about the impact of tighter fiscal policy following an election. This could include a rise in corporation tax. The rise in value of the pound means that interest rates are less likely to rise, but a strong pound could affect exporting companies.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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