Market

After posting positive results, Casino group to expand services

The financial results which were revealed on March 14th were not the only good news for French Casino, the retail group headed by Jean-Charles Naouri. They confirmed to the Group as well as the markets that the investment choices made in the past 18 months were relevant, and clearly indicate the way ahead for the French giant. Amongst the new offers, Casino intends to considerably develop the services offered, in order to adapt to the market mutations.

HSBC forecasts two hikes in interest rates within the next 12 months

According to analysts at HSBC, with the Bank of England deciding to join the other G10 central bankers in the decision to ease off accommodative monetary policy, it is likely that it will act as a wind beneath the sterling’s wings and lift it by at least 15 cents by the end of this year. Surprisingly the Sterling has largely ignored the political intrigue of Brexit, through much of 2017.