Money Minute, Tuesday 26 November: a glut of UK corporate news
Today's Money Minute looks ahead to updates from De La Rue, Compass and Topps Tiles, among others; and US house prices.
This morning in the UK we get a glut of corporate news.
Companies reporting include troubled money printing group De La Rue. The company - which prints bank notes for the Bank of England and also for many other European countries has issued two profit warnings this year alone.
Turnaround specialist Clive Vacher was hired as chief executive last month and investors will be looking for evidence of a feasible recovery plan emerging from his promise to conduct a detailed review of the business.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Other companies reporting include catering giant Compass, tiling retailer Topps Tiles, and food producer Cranswick.
Over in the US, we get the latest data on the housing market.Interest rate cuts have driven down mortgage rates, which in turn has given the housing market a boost in recent months.Builders are throwing up more properties, and the latest Case-Shiller index on house prices is likely to show that they have risen modestly in the past year.
-
Investors are snapping up gilts thanks to tax incentives – but is your money better off elsewhere?
UK government bonds, also known as gilts, are proving popular with investors so far this year, thanks to higher interest rates and the attractive tax incentives they offer. Should you invest in them?
By Katie Williams Published
-
Rightmove: Asking prices edge closer to record peak
Asking prices have been driven up by the top-end of the market, Rightmove has found. But how does the situation look in your area?
By Vaishali Varu Published