Why too much money can spell trouble
Article Abstract:
Companies that make very large profits are likely to attract competitors. This is the case of Barclaycard, which charges an interest rate of 22.9% and which does not declare its profit which is included in the UK Banking figures of Barclaycard. Barclaycard was a pioneer which invested in obtaining market leadership. Newcomers have been attracted to the market, such as Bank One. Barclaycard could have made less of a profit for longer, since the very high profits it has made have attracted competitotswhich are eroding its profits.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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Low ratings outshine interest rate fears
Article Abstract:
The UK economy looks in need of a rise in interest rates in orderto prevent an increase in inflationary pressure. Capacity constraints are pushing up the price ofsome goods such as PVC, though the price of other goods is falling. Growth of the money supplyis rising, though the housing market and retail sales are weak. Interest rates look set to rise by0.5% in May 1995. Meanwhile, the poor performance of the UK Conservative Party in localelections may deter foreign investors from moving into government securities.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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