Features

Money Minute Wednesday 11 September: Galliford Try and US factory gate prices

In Wednesday’s Money Minute, UK construction group Galliford Try publishes its annual results, and the US issues August’s Producer Price Index data.

Welcome to Wednesday's Money Minute in which we preview the big stories of the day in just 60 seconds.

It's a quiet day ahead of the frenzy that will accompany the European Central Bank's latest interest-rate decision tomorrow.

In the UK, construction group Galliford Try is reporting its annual results for the year to 30 June. Profits are expected to meet market expectations, but the focus will be on the outlook. Expect to hear lots of references to Brexit uncertainty.

Later, in the US, we get Producer Price Index data for the month of August. This shows how rapidly the prices of goods bought and sold by manufacturers are rising. This is sometimes known as "pipeline" inflation if costs for companies are going up then eventually those costs are likely to be passed on to consumers.

For now, US producer prices appear to be broadly under control, despite the ongoing trade wars and increases in tariffs on imports from China. That's partly because the Chinese currency has weakened against the dollar.

In July, the "core" PPI figure rose by 2.1% year on year, and it's not expected to have changed much in August.

Recommended

The factors driving Britain’s provincial house-price bubble
Property

The factors driving Britain’s provincial house-price bubble

Where once London led the way in rising house prices, that’s no longer the case, says Nicole Garcia Merida, as buyers head for the country, spurred on…
23 Apr 2021
Why higher capital gains taxes in the US might be bad news for bitcoin
Bitcoin & crypto

Why higher capital gains taxes in the US might be bad news for bitcoin

US president Joe Biden wants to significantly increase capital gains tax. That will have a knock-on effect on the markets, says John Stepek. And on bi…
23 Apr 2021
House prices in the UK are still surging – here’s why it’ll probably continue
Property

House prices in the UK are still surging – here’s why it’ll probably continue

The latest UK house price data shows no letup in the country’s booming property market, with the biggest yearly rise since 2014. And there’s no end in…
22 Apr 2021
Greensill, Cameron and the return of Tory sleaze
UK Economy

Greensill, Cameron and the return of Tory sleaze

The collapse of Greensill Capital threw a spotlight on political lobbying when it emerged that former PM David Cameron had been fighting its corner. J…
17 Apr 2021

Most Popular

China owns a lot more gold than it’s letting on – and here’s why
Gold

China owns a lot more gold than it’s letting on – and here’s why

In a world awash with money-printing, a currency backed by gold would have great credibility. And China – with designs on the yuan becoming the world’…
21 Apr 2021
“Joke” cryptocurrency dogecoin goes to the moon. What’s going on?
Bitcoin

“Joke” cryptocurrency dogecoin goes to the moon. What’s going on?

Dogecoin – a cryptocurrency created as a joke – has risen by more than 9,000% this year alone. Saloni Sardana looks at how something that began as an …
19 Apr 2021
House prices in the UK are still surging – here’s why it’ll probably continue
Property

House prices in the UK are still surging – here’s why it’ll probably continue

The latest UK house price data shows no letup in the country’s booming property market, with the biggest yearly rise since 2014. And there’s no end in…
22 Apr 2021