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Russia is the secret

Russia's secret

Irina horoshko, from Zelenograd, near Moscow, he learned her schedule to five years.

Her precocious talent, inspired by math crazy family and beloved woman-a teacher who turns every lesson into one giant problem-solving games led to the specialty “mathematical Economics” in the Russian University of Economics named after G. V. Plekhanov. Continue reading “Russia is the secret”

Stock markets near record highs ahead of the Trump tax reform – business video

All day economic and Financial news, as investors wait for details on tax plans of President trump

  • Introduction: here’s why markets are at record levels
  • Fresh gains in Asia overnight
  • Predictions in Twitter has
  • Tax plans trump explained
  • Tax announcement at about 6: 30 PM British summer time

Live
Updated

Stock markets near record highs ahead of Trump tax reforms - business live

7.17 am EDT
07:17

Forecasts on Twitter beats! But revenues fell

Stock markets near record highs ahead of Trump tax reforms - business live

Read more here:

Traders UK have to look at Government data? Currency Markets Guessing Yes

Updated
at 6: 00 am EDT

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4.26 am EDT
04:26

Tax reform trump: key issues

Stock markets near record highs ahead of Trump tax reforms - business live

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3.38 am EDT
03:38

Plans for tax reform Donald trump is today the number one issue in the city, says Naeem Aslam markets think.

He sounds a bit skeptical about all this, though:

Currently, one of the main aspects of his plan that everyone is talking about to reduce the corporate tax rate to 15% from its current rate of 35%. Of course, he may be reduced to 15%, but it will be good enough to produce mammoth headline on the news feed.

But the question you have to ask how long it will take for that rate of tax will become effective if it is effective. The market can go higher on these flashy headlines, but it will not take much time before reality catches up with him.

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3.25 am EDT
03:25

Over the weekend elections in France continues to reassure traders, says Chris Weston from IG:

It is a good time to conduct equity and credit and it seems a dark cloud in the form of elections in France has rapidly moved away from the investment landscape, combining effectively with the headlines in the trump tax reform and, in turn, gives new impetus to the process profitable.

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3.23 am EDT
03:23

The prospect of radical tax reform in America today, helping Asian stock markets.

The Japanese Nikkei closed 1% higher and other major indexes also gaining strength.

Stock markets near record highs ahead of Trump tax reforms - business live

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3.09 am EDT
03:09

Agenda: optimism continues rippled through the markets

Stock markets near record highs ahead of Trump tax reforms - business live

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the Eurozone and business.

There is a buoyant mood in the markets today, keeping the indicators at unprecedented levels.

Yesterday world Index reached a record level, boosted by optimism European policy and hope chunky tax cut in America.

That sent wall Street the racing last night, with the Nasdaq hitting 6,000 points for the first time in history. And traders expect to hold on to these gains today:

IGSquawk
(@IGSquawk)

Our European opening calls:$FTSE 7284 +0.11%
$DAX 12482 +0.12%
$CAC 5286 +0.16%$CAPRICORN 10793 +0.09%$20808 IIB +0.01%

26 APR 2017

Three factors work together to hold the stock, and upsetting those who think the rally went on.

1) the influence of Europe. Investors seem quite confident that Emmanuel macron win marine Le Pen on may 7, and will be the next President of France. Careful that macron have a serious fight for his reform move – especially if his own brand! the party is not a big election victory in June.

2) tax reform Donald trump. The US President is expected to lay out plans for budget expenditures, including the reduction of the profit tax from 35% to 15%. It alarmed some experts, with one estimate that it may cost income to 2 trillion dollars. But lower taxes = more profit = higher stock prices.

There is also confidence that the draft budget can be reached to avert a government shutdown, trump seems to give ground for his Mexican wall plan:

3) decent income. Yesterday, the fast food chain McDonald’s and equipment manufacturer Caterpillar has more than expected, reinforcing hopes that the world economy is on a solid support.

Mike van Dulken at Accendo markets explains:

Us stock markets continued the sharp jump higher in the waiting the trump of the administration tax reform announcement, with tech-oriented Nasdaq index traded above 6000 for the first time, while the S&P500 and DOW Jones indexes closer to their historical highs.

Strong Q1 performances earnings from Caterpillar, McDonald’s and DuPont led the DOW 200 points higher, while the raw materials sector led the S&P within 20 points of a fresh high.

Shane Oliver, head of investment strategy at amp capital investors in Sydney, agrees that “confidence is back”, adding:

Markets look a lot more relaxed. Worldwide we see a lot of risk-on.”

There isn’t a lot in the economic diary today.

On the corporate front, on the London stock exchange, Jupiter Fund management, metro Bank, chemicals firm Croda and German carmaker Daimler in reporting results this morning.

We will track all the major events during the day….

Updated
at 3.17 am EDT

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The presidential task

Presidential challenge

As French voters go to the polls to elect a new President, the country’s relations with the European Union, immigration and terrorism are important subjects.

But there is always an economic context, the main criterion for many voters.

And he who walks in the Elysee Palace will face a difficult, even intractable challenges.

The big picture is the economy with high living standards and high performance, but some persistent problems.

The question that stands out is unemployment. Continue reading “The presidential task”

The economy of the UK out of the EU: the standard of living falls, as early election looms

The latest monthly guardian believes rising prices, low wage growth and a mood of uncertainty among employers as the UK heads to the polls

Brexit economy: living standards are falling as the snap election looms

A referendum on leaving the UK and the EU

Guardian of the quarter and the month to watch

The economy of the UK out of the EU: the standard of living falls, as early election looms

The latest monthly guardian believes rising prices, low wage growth and a mood of uncertainty among employers as the UK heads to the polls

The sharp fall in the pound after the UK’s exit from the EU voice and the mood of uncertainty among employers will hit household budgets, creating harsh economic conditions for early elections Theresa may, analysis shows guardian.

The Prime Minister will hope for the stability seen in the UK economy will be held in the coming months, what she called the election in June of this year. But the monthly tracker of the custodian of the economic news shows the standard of living is going down, as price growth outpaces wage growth is scarce.

That does not Bode well for the economy associated with the household spending and the latest figures from UK retailers and the leisure industry to assume they are feeling the effects of the tightening consumer squeeze. The export sector was unable to compensate for that internal resistance and GDP data this week is expected to show the economy slowed markedly in the beginning of this year.

Still, supporting those who say, may have been right, calling the vote sooner rather than later, unemployment remains low, housing market is stable, the stock markets are near record highs and business activity continues to grow, albeit at a slower pace.

The economy saw a decline in activity, but with the comfort to avoid a recession some predicted a vote of quarter and month. Last week the international monetary Fund was forced once again to admit that it was too gloomy about the consequences of a brexit vote as it revised upward its forecast for economic growth in the UK for the second time in three months.

Writing in the guardian, Andrew Sentance, a former member of the Bank of England’s monetary policy, said that support for the UK with a strong global economy kompensiruet internal pressure.

“There are two great themes that stand out from the data this month and they show the UK pulling in opposite directions of the global economy and consumer spending,” said Sentance, senior economic adviser to the consulting company PwC.

“We must expect slower growth in consumer dominate the growth story for this year … the figures of GDP growth for the first quarter released at the end of this week will probably confirm that the UK economy is already slowing.”

To assess the impact on the quarter and the month of voting on a monthly basis, the Custodian chose eight economic indicators, along with the value of the pound and the performance of the FTSE.

Dashboard for April shows that retail sales fell, inflation is at its highest level in more than three years, wages are falling in real terms and the trade performance of the UK has deteriorated. But unemployment remains low, housing prices continue to rise and businesses are expanding. The deficit of public Finance has fallen over the past year the government hit its target of borrowing. But the public finances were worse than market expectations for the last month.

Compared with the forecasts of economists, were worse than expected performance in three of the eight categories. Two was better than expected, with three as expected.

Stock markets remain near record highs and the pound has received a boost to election news, investors predict the result will strengthen their position in negotiating the British exit from the EU with their counterparts from the EU.

But, compared to the day in June last year of the referendum, the pound remained at 14% against the U.S. dollar and 10% against the Euro. This weakness now makes itself felt in the real economy, as imported goods become more expensive, and buyers pay higher prices for the entire range of products and services from food to fuel.

The lb effect is combined with the increase in world oil prices to raise inflation to 2.3% in February and March, above the target level the Bank of England’s 2%.

But while inflation is expected to rise above wage growth seems to slow. Employers face high costs, which give them less opportunity to increase wages as the government continues to implement the freezing of public sector salaries.

The latest official figures show workers in February was already worse in real terms, as pay rose by 1.9% a year and inflation stood at 2.3%. What to pay the weakness was despite the unemployment rate in the UK, remaining at 4.7% – the joint lowest since 1975 and continue to be reports of the skills shortage.

Reflecting the tightening of household budgets, retail sales volumes suffered their largest fall in seven years during the first months of 2017, dragging on the overall economy, rather than acting as the driver of growth, as they usually do. In other signs of load on consumers, an increase in borrowing on credit cards, while a key indicator of available household saving has reached a record low.

David Blanchflower, another former politician from the Bank of England said that consumer spending supported more people borrowing and run down their savings, but it could not last.

“Support for the quarter and month, is likely to be due to how the economy performs and whether the standard of living to hold and they are not,” said Blanchflower, Professor of Economics at Dartmouth College in the United States.

“I was hoping for good economic news in the next month. I don’t see any this month”.

There were pros from the weakening of the pound, including the influx of foreign tourists, splashing out in British shops, restaurants and hotels to take advantage of relative strength in their own currencies. Exporters also report that the fall of the pound has made their goods and services more competitive in foreign markets, but the latest official unemployment data was weaker than expected.

That overseas the rise was clear in the set of surveys of entrepreneurs, which is closely watched by investors and politicians for early clues to GDP growth. But while activity continues to expand, according to the markit index of purchasing managers ‘ indices (PMIS), their makers say, there is a change of pace from last year, GDP fell by 0.4% in the first quarter of 2017 from 0.7% in the last three months of 2016.

The first official GDP growth in the first months of the year on Friday and economists polled by Reuters also expect that growth will slow to 0.4%.

Hippo at work

The hippo at work

As Richard sat in an important meeting at work, he and his colleagues nervously considered the Behemoth in the room.

Richard, who works for a television production company in Toronto, studied at a key meeting to discuss future projects. And the Hippo was to monitor the progress too much.

Fortunately for health and safety reasons, there are not a large semi-aquatic mammal in the room with them. Continue reading “Hippo at work”

The stock market makes nine-year high in pre-election relief rally – business live

Shares surge across Europe, as investors welcomed the prospect of Emmanuel macron to become the next President of France

  • Latest: French stock market jumped to nine years
  • Investec: why the macron is likely to be the next President
  • ABN AMRO: macron may struggle to make the reforms through
  • The Euro fell to $1.09 after the French elections
  • French bonds also rally
  • Live reaction: France wakes up to new political landscape
  • French elections: the Makron in the face of Le Pen after the first round

Live
Updated

France's stock market hits nine-year high in election relief rally - business live

7.05 am EDT
07:05

Moody’s has just commented on the presidential elections in France:

“Moody’s will assess any implications associated with the presidential election, when the result is known.

Fiscal and economic policy are likely to be key rating factors in the next French presidency, given the country’s debt and growth problems”.

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6.52 am EDT
06:52

Here is some reaction to the CBI report in the British industry, from Danielle Haralambous of the analytical Department of the Economist magazine:

Danielle Haralambous
(@DHaralambous)

#Survey of great Britain signals to the CBD the growth of production in early 2017. The production remains solid in 1Q GDP (Fri). But the waiting fell. pic.twitter.com/4xy9MYqnyn

24 APR 2017

Here’s Howard Archer of IHS global insight:

Howard Archer
(@HowardArcherUK)

#CBI April survey shows the latest strong #UK #production #export prospects bright, but the domestic slowdown https://t.co/2uHdL51oVZ via @CBItweets

24 APR 2017

And Andy Bruce Reuters:

Andy Bruce
(@BruceReuters)

Proof #trade “sweet spot” described England’s Broadbent CBI survey

The export boom, investment plans weaken pic.twitter.com/MGHbsInbVX @CBI_Economics

24 APR 2017

Andy Bruce
(@BruceReuters)

.@Monthly survey CBI_Economics CBD less positive
• Total order book balance rose to 4-day low
• The sharp fall in the expected volume of output balance from October 2013

24 APR 2017

Updated
at 6.56 am EDT

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6.34 am EDT
06:34

France's stock market hits nine-year high in election relief rally - business live

Mihir, Kapadia, CEO and founder of sun global investments, traders expect a resounding win for him on may 7:

“The first round of presidential elections in France, as expected, led to the second round of the contest between Him and Le Pen.

However, the fact that at the present time, the Makron is Le Pen really effectively removes the prospect of the Victory of marine Le Pen and her anti the EU agenda. Polls see him beating Le pen in the decisive 60%-40%.

Salman Ahmed, chief investment strategist at Lombard Odio, the investment managers, agrees that the Makron looks shoes:

For the first time in six decades, both major parties have been eliminated in the first round, emphasizing the sense of change that swept across the political landscape of the country with a developed economy. Maybe Makron centre – left political novice to be in France that Trudeau in Canada.

The result on Sunday this is consistent with recent polls and our basic expectations case. That is very important for investors, the presence of a centrist candidate Makron in the second and final round greatly increases the likelihood of Pro-EU the President of France; on the basis of opinion polls, we assign 80% to 85% likelihood of him winning and support for Francois Fillon and benoît Hamon will further strengthen his case

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5.09 am EDT
05:09

The CAC-40 reached a nine-year high

The news of the day! The French stock market has reached its highest level in nine years in the rally of elections is gaining momentum.

The French CAC 40 snapped via its April 2015, the maximum, and now to 4.5% to a level last seen in 2008, before the Global economy entered its deepest crisis in decades.

Inventories and financial companies, are in great demand due to optimism that France is unlikely to be able to elect the President of dithering.

Investors breathed a sigh of relief that far-left candidate Jean-Luc Mélenchon to join marine Le Pen in the second round.

Trevor the Grit, the Head of several assets at Royal London asset management, explains:

“The main concern for investors and traders to watch the French election that voters will be presented with a choice between anti-EU candidates on the left and right in the second round.

Approximately 55% support for Pro-European candidates over the weekend and the polls clearly indicates the victory of Makron in escaped with Le Pen, the Euro rallied strongly.

“In stocks and bonds, the markets were also in the beginning of the good news, as French bond yields fell and stock markets rose across the Board.

And in Berlin, Germany’s stock market has reached record levels in the last few minutes.

France's stock market hits nine-year high in election relief rally - business live
Gemma Felicity Acton
(@GemmaActon)

The French CAC for 9+ years, the German DAX reached a record высоты…#pic.twitter.com/9JDYt1N4zX Frenchelections

24 APR 2017

Updated
at 5.24 am EDT

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4.49 am EDT
04:49

ABN AMRO: the President Makron will face obstacles

France's stock market hits nine-year high in election relief rally - business live

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4.20 am EDT
04:20

In another hopeful sign, the indicator of confidence of investors in Germany and makes its highest level for five years.

This is according to the monthly IFO index, which suggests that the German economy is growing strongly now.

Howard Archer
(@HowardArcherUK)

APR German IFO business climate index July 2011 how to jump in the current climate to 69-month high to outweigh the deep expectations

24 APR 2017

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4.16 am EDT
04:16

Anna Stupnytska, global economist at fidelity international, says that investors and policy makers should remain cautious before the presidential ended:

“Markets will be based on the positive results of the elections in France last night, with the centrist Emmanuel macron occur in the face of the extreme right marine Le Pen. This is not only because the macron is likely to win. Concerns about the reliability of the vote and turnout was somewhat softened after strong data on Sunday and the markets reacted positively to the result in Asian trading this morning, with the Euro up against the US dollar and Japanese yen, French bond, performs well.

“However, Le Pen still has the potential to win the second round. It’s probably too early for markets to see a big rally or indeed for the ECB to send some signals on reducing its bond purchase programme this week. The focus now will be whether Le Pen changes its anti-EU message in the coming days, with Le Pen-the macron debate scheduled for 3 may.”

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4.11 am EDT
04:11

Emmanuel macron against marine Le Pen was the preferred outcome on the market, says John wines Evans, Investec wealth and investment.

Like most specialists, Wyn-Evans expects him to win on 7 may.

His policies skillfully appeal to both sides of the political spectrum, and they are clearly described in the “financial times” as “the business centre of the agenda in conjunction with Scandinavian style means charity”, for example, labour market deregulation, reduction of corporate tax, and no deductions to the social insurance Fund for those on the minimum wage.

He is also an active supporter of the European Union, although the full details of its policy, the EU may have to wait until we find out who won the elections in Germany at the end of this year.

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3.59 am EDT
03:59

France's stock market hits nine-year high in election relief rally - business live

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The care home fees

Care home fees

Help from the nhs for free, but if you need social assistance because you are physically or mentally frail, you have to pay for it themselves.

And it’s not cheap.

The latest figures show, a place in a nursing home in the UK costs, on average, more than £30,000 a year. A nursing home costs more than £40,000 a year. In the South-East, it is £ 10,000 a year more than the consultants LaingBuisson.

There is financial assistance from local authorities, but it is strictly means-tested. Continue reading “The care home fees”

Crash black hole sets the trend for the circuit-circuit high streets

The retail sector is still reeling a year after the collapse of the chains, with the increase in the number of employees on zero-hours contracts and other heavy hitter to close the store, as the Internet squeezes his share of the profits

BHS crash sets trend for a chain of closures on UK high streets

BH

The observer

Crash black hole sets the trend for the circuit-circuit high streets

The retail sector is still reeling a year after the collapse of the chains, with the increase in the number of employees on zero-hours contracts and other heavy hitter to close the store, as the Internet squeezes his share of the profits

When the black hole crashed into administration, with 11,000 jobs along with this a year ago, one employee described the experience as “a terrible blow”.

A year on the high street still reeling from the shock of the body. More than two thirds of the 164 stores the retailer is still lying empty and retirees remained worse even after former owner sir Philip green has agreed to pump £363м to support the pension system.

For many long-serving employees of CHD, the network failure was a turning point in their lives from which they are yet to recover financially. And regardless of the passage of time, stabbing blame is still pointed out on the green, which, despite its role in destabilizing the black hole, and holding on to his knighthood.

“I hate what happened,” says one of the former employees who have not yet found a new job. “This should never have come to this. On the store level, we were a group of people who worked well together and worked.”

He adds: “the only reason green could not turn around the black hole, because he never invested in it. We had outdated equipment and adaptations, asbestos, and outdated elevators that don’t work, because the money not spent on them. He starved him”.

Most of the staff of the BH got a very small allowance, although some spent decades in the group. This month a little more than 100 former employees of BH were awarded 1 million pounds in compensation, because appropriate procedures were not followed when they were released by the administrators.

After last year’s failure, Fashion and textile children’s trust (FTCT), the difficulties of the charity once under the chairmanship of Charles Dickens, was inundated with requests for assistance from employees of BH. The trust, founded in 1853 by a group of charity textile merchants received applications from recording 460 families over the last six months of 2016, with 274 respect to former employees of BH. Its small grants which start at £250, is designed to help families cover the costs of basic necessities like school uniforms or winter clothes. The increase in the number of applications compared to 150 in 2015 as a whole.

In FTCT currently offers its support staff Jaeger, who is facing an uncertain Outlook after the business went in the beginning of this month. Last week, 209 of 680 employees were fired after administrators announced plans to close 20 of 46 stores. “We have seen an increase in applications,” says FTCT Director Anna Included. “It is a well documented fact that the retail sector is going through difficult times and it is a Testament to that.”

The fact that the unemployment rate in the U.K. fell to the joint lowest level since 1975, dismisses the experience of thousands of employees of BH, who struggled to find equivalent work with contract and regular hours. The unemployment rate may be only 4.7 percent, but the official reports show the number of people on zero-hours contracts reached a record high of 905,000 in the last three months of 2016. This was an increase of 101 000, or 13%, compared to the same period a year earlier.

Last year, research industry body the British retail consortium (BRC) identified the “lost generation” of mostly female employees of the store, which – as the thousands of employees of BH will find out the risk of losing their jobs as structural changes chews up the high street. It is estimated there were about 500,000 retail workers, aged 26 to 45, many of whom have children and have to work close to their family home, which is difficult to find alternative jobs.

BHS crash sets trend for a chain of closures on UK high streets

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Using the benchmark of those who earn less than £8.05 an hour, a month from rightmove says 1.5 million people are working in low paid jobs in UK retail. About 70% of women and one in five will receive means tested working age tax credits.

Norman Pickavance, Chairman of the working group, the Fabian society on the future of retail, says that most companies in the sector are trying to save money by switching to a less safe model of employment.

“There are more and more zero-hours Type contracts and self-employment,” he says. “A year after the death of BH, most retailers continue this way of flexibility, but there is a risk of them leaving the UK from the EU. They have only been able to use these methods because the abundance of labor and may have to reconsider.”

For many former employees of BH, green remains a villain. In 2015, he sold CD, complete with a hefty Pension deficit of more than £500 million over $ 1 a consortium of investors led by former bankrupt Dominic Chappell, seemingly without hesitation.

After a protracted negotiation process, green finally agreed to make a deal with the regulator of pensions in February, which involves the creation of a new pension system, which will be funded from its cash injections. Employees of BH will have the opportunity to move their pensions into a new scheme receive a lump sum payment, or remaining in the existing pension system, which will enter the pension protection Fund (PPF) and 10% reduction of existing benefits.

Lin McMillan, retired BH, who worked as a Manager in retail trade in 1980-ies, said that she was pleased that green was to put money in the Pension Fund, but in the future for retirees is still not as good as could be.

“I think he thinks that because he paid, it will justify itself, but I don’t think anyone who worked in BH is better about it than they did a year ago. He’s still swanning around spending money like it’s going out of fashion. We have to wait a few months before we hear news about our pensions.”

Drama CD played in a period of massive structural change in the retail sector as the installed chain to adapt your business to the world, in which 20% of their sales online. Last week, the two companies Marks & Spencer and debenhams announced the closing of the store in their new team’s management, relate the cost of large physical networks with changing habits of buyers.

M&s has already warned that it plans to close 30 stores in the UK as it looks to reduce the number of production space, specializing in selling clothes and last week news high street veteran to retreat from conspicuous places in such places as Portsmouth, Manchester, Sheffield and Doncaster will be a blow for the locals.

This tendency is writ largest in the US, where analysts speak of a “retail Apocalypse” as the veterans of the street as Macy’s and Sears line to announce major programmes of closing shop. With American apparel, Abercrombie & Fitch and jcpenney also slaughter stores, hundreds of American outlet shopping Mall close forever. Cost terms work was stark, with more than 89 000 retail positions were liquidated during the last six months.

Says that in new York the Global analyst Neil Saunders US and UK retail markets and are not a mirror image, with College troubles due to the consequences of belated chiefs store to confront the threat in the network.

BHS crash sets trend for a chain of closures on UK high streets

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“Of course there are Parallels between black hole and players like sears and Macy’s,” says Saunders. “They all fall into the trap of not enough differentiation and having the offer that is very middle of the road. This is not enough in the modern dog-eat-dog market where the consumer has so much choice”.

With more than five times more retail square meters per person than the British, American chiefs store there is also a problem on their hands than their British counterparts. “From the point of view of Internet penetration, USA, where the UK was five years ago,” continues Sanders. “What we see is a large American retailers are scrabbling to adjust.”

He adds: “overall, UK retail is at a much later stage of evolution than we are. There has been quite a lot of adjustments in the closure and adaptation of the physical space. That said, the sector remains heavily under pressure, which makes further shocks like the closure of BH, is inevitable.”

M&s has nearly 1,000 stores in the UK, but 304 of them-a large “full range” of shops that sell clothing, home goods and food. While local residents throw up their hands at the prospect of closing shop, analysts of the city requires a chief Executive Steve Rowe to take more drastic measures. New Debenhams boss Sergio Bucher, who last week said that 10 of 176 stores may be closed.

Analyst the local data company’s Matthew Hopkinson says the closure was announced, M&S and debenhams tinkering around the edges, given that the New brands have appeared on the UK market could cover the country with 30 stores and website. “The number of stores M&s is going to close peanuts,” says Hopkinson.

Chiefs store UK face difficult decisions at a time when models of trade was frustrated with the uncertainty of the British exit from the EU, with data on retail sales for the first quarter of 2017, showing the biggest drop in purchases for the past seven years. The sharp decline in living standards caused by the weakness of sterling is also pushing up prices.

“Looking ahead, productivity is a big problem in the US and the UK,” says Saunders. “Profits are under pressure because of the constant cuts in the discount and price, which are needed to cope with fierce competition. In addition, is not problematic, due to the growth of business performance in the UK and minimum wage increases in both countries. It all adds up to a perfect storm that means that retailers are rethinking and restructuring their business model”.

The fate of the key players

In the year after the collapse of the black hole, most of the key characters have moved on, although the former owner of Dominic Chappell still faces possible legal action.

Sir Philip Green
Green still has his knighthood, despite MPs last year, requiring it to “billionaire black marketeer” to deprive of honor.

In a fiery community debate, Iain Wright, Chairman of the working Committee of business, said: “sir Philip received a knighthood for services to the retail trade. However, during our investigation it became evident that he was not particularly good retail for anything.”

However, the parliamentary vote has no legal force and the decision to deprive a billionaire of his Gong will eventually be accepted by the Committee, forfeiture of awards.

Dominic Chappell
Former racing driver Le Mans bought BHS and green for just £1 in March 2015. Resolution of the Plenum of pursuing a lawsuit against Chappell and his company, Retail acquisitions Ltd (RAL), for $ 71m he wants to kick for pensioners BH. RAHL received payments worth up to £ 25 million from the black hole, despite owning a chain of supermarkets, in just 13 months, until he collapsed. Chappell promised to fight in court.

Darren Topp
Former Executive Director of the CHD, told Chappell threatened to kill its appeal for him of around £1.5 m from the company.(Chappell denies this.) In September Topp was appointed chief Executive officer of the fashion brand LK Bennett.

Michael Hitchcock
Former financial Advisor at BHS, he was scathing of chappell in the course of parliamentary investigation. “ I think I was deceived,” Hitchcock said when asked about chappell. He now works with jet financial Director at LK Bennett.

Michael Sherwood
A prominent figure in British banking, Michael Sherwood was one of the leaders of Europe at Goldman Sachs when the Bank advised green for sale BH. the Department store chain for Chappell he has not passed the informal test Bank. Appearing before MPs last year, Sherwood insisted that Goldman had “done a good job drawing attention to the risks” of the transaction, but would do “substantially more” if she were paid. He resigned in November, but insisted on BH had nothing to do with his departure, saying it was “one mistake in a 30-year career.”
Rupert NIT