Greek bank closure sends FTSE 100 tumbling

The FTSE 100 closed down by just under 2 percent today suffering a 133 point fall following news that Greece is to close its banks for the week. During this period, banks have imposed capital controls which will see cash withdrawals being limited to approximately £42 per day from ATMs […]

Woodford warns investors of QE-inflated valuations

Speaking on his official blog, Neil Woodford has warned investors over-inflated valuations brought about by extensive quantitative easing: Without an improvement in underlying economic fundamentals, if you keep driving asset prices up, in the end you create a financial asset price bubble. We know from relatively recent history that asset […]