Category Archives: News Archive

Angel News – “Pitching for Management” Review

News Archive

MW Interim Finance recently attended an Angel News sponsored event in central London, “Pitching for Management” and Martin Walby was asked for his views “This is the second event of this type I have attended via The Boulevard networking community. I was impressed by the enthusiasm and commitment of the companies presenting, both in terms of their products and service offering and the honesty with which they outlined their immediate management resource requirements. As an independent interim finance director it was also refreshing to encounter so many early stage businesses with growth potential against the background of a struggling UK economy.”

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Dividends

News Archive

Dividends – how long can high dividend yield companies keep paying shareholders? Interest and savings rates remain low but the number of companies offering reasonable dividend payments is reducing. Retail Sales – December 2009 marked an eight year high in retail sales but has been quickly followed up by the worst January figures in fifteen years.

The inclement weather and VAT rise may have had some impact on the reduction, but it is clear that consumer uncertainty about the state of the economy and the cost of food & ultilities are influencing spending patterns.

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Debt UK

News Archive

The Bank of England has left the base rate at 0.5% for the twelfth month in a row and ceased pumping money into the UK economy, (quantitative easing). It did however indicate that it could recommence this if the economic situation deteriorates. A year on and there are no real signs of the economy recovering, and the stock market FTSE 100 has made a 10% downward correction since the end of 2009.

What next…….an election for sure, but no matter the political party in power, “Debt UK” is a fundamental issue that will not be resolved for a number of years. The pre budget report figures, issued in November 2009 on the expected reductions in debt, have now been revised with the figure of £40bn mooted in 2015/16 appearing far too optimistic a target.

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UK no longer in recession

News Archive

It is official the UK is no longer in recession BUT it barely crawled out of negative growth in the final three months of 2009 according to official figures.

The marginal 0.1% growth between October and December ended a record six straight quarters of decline but was well below the 0.4% expected increase. The Office for National Statistics (ONS) figure is only a first estimate and may be revised higher – or will it be lower ?

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