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Equity analysts say industry unprepared for euro costs

UK equity analysts are warning that in the short term some industries face substantial costs and damage to their margins because of the euro.

A Deloitte Consulting survey conducted by MORI found that 80 per cent of UK analysts expect the euro&#39s introduction to involve substantial costs to companies and 77 per cent believe it will damage profit margins in some industries.

The survey found that 45 per cent of analysts do not think the euro will lead to greater choice for consumers and 32 per cent do not think it will make goods cheaper.

It also found that 85 per cent believe companies have not prepared for the pricing policy changes the euro is going to cause and 72 per cent believe companies are not prepared for the IT issues the euro will create.


Portman beats MPC rate cut

Portman Building Society says it is striking a blow for mutuals by reducing its standard variable mortgage rate by 0.35 per cent to 7.25 per cent.High street banks cut have mirrored the bank of England&#39s 0.25 per cent reduction but Portman says it wants to demonstrate that traditional building societies can consistently beat the competition.It […]

AFPC pass rate on the increase

The Chartered Insurance Institute says 431 advisers passed its Advanced Financial Planning Certificate at the October examination session.This figure is up from 368 in April 1998 and 356 in October 1997.CII director Tony Tudor says: &#34I am delighted with this upward trend in the performance of advisers for this key qualification, particularly the 52 per […]


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