The Bottom Line

By Morgan Williams & Co.

What does ‘Confidence’ mean when talking business? And why does it matter?

Confidence: we’re not talking here about standing up to make a speech, rather about business confidence and consumer confidence. Over the last 12 months we’ve heard the terms a lot, as confidence plunged when the first lockdown was announced and then rose again as the vaccine roll-out began.  But what is confidence? And why does...
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Lockdown Leads to Record Number of New Businesses

In the middle of May pubs and restaurants reopened after lockdown. Finally, we could have a drink or a meal inside.  But what was noticeable was the number of pubs and restaurants that didn’t reopen. Speaking on the BBC News, the owner of one establishment gave a very simple explanation: “we cannot get the staff.”...
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What to do about the ‘bulls’ and the ‘bears’

You have likely heard the terms ‘bull market’ and ‘bear market.’ A bull market is one where stock markets are rising and investors are feeling confident: a bear market is the opposite. ‘Bullish’ has even come to be used in a wider sense, meaning generally optimistic: ”I’m feeling bullish about our chances of beating United...
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Average house price hits the highest growth rate since before the 2007 financial crisis

This March saw the prices of residential properties rising at the fastest rate since just before 2007’s financial crisis, with the average price of a home in the UK increasing by 10.2% in the year up until March. The stamp duty holiday introduced by the Government certainly played a part in this development. Having been...
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June 2021 Market Commentary

In some ways, May was a relatively quiet month. Although, it did bring us the marriage of Prime Minister Boris Johnson, the first PM to marry in office since Robert Jenkinson, 2nd Earl of Liverpool, in 1822.  Having eaten a slice of wedding cake and gone straight back to the office, Boris Johnson will be...
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Financial planning in a post-pandemic world

‘Fail to plan, plan to fail.’ It’s an expression that anybody who has worked in management or the military must have heard a thousand times. Like all oft-repeated clichés, it carries a kernel of truth – and in no aspect if human life is the phrase more apt than in financial planning.  Unless you have...
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The Beijing Billionaires…

For the last seven years the title of the city with the most billionaires has been held by New York, but this year a new name has taken over and that city is Beijing.  According to the latest Forbes annual rich list, the Chinese capital added 33 billionaires last year, taking its total to 100 – one...
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May Market Commentary

Some of the numbers in this month’s Bulletin are simply staggering. Whether it’s Amazon’s profits or the ‘investment’ (which could alternatively be considered ‘spending’, depending on your political viewpoint) announced by President Biden.  There was a time where the ‘standard unit’ of currency we talked about was a million. Company profits and valuations were measured...
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Could the UK have its own digital currency?

At a seminar in March, Haruhiko Kuroda, Governor of the Bank of Japan, suggested that the central bank should immediately start “preparing thoroughly” for a future with its own cryptocurrency. While there were no immediate plans to introduce a cryptocurrency Kuroda stressed the importance of being ‘thoroughly prepared’ should the need arise.  In April it...
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