Starting a new business? Get 40% off our accountancy services for 3 months! 😎

x

Financial markets suffered this week as fears rose that the economy is descending back into a recession. Factors contributing to the turmoil include the eurozone debt crisis, disappointing US manufacturing figures and a statement made by Morgan Stanley which warned that both Europe and the US are very close to going back into recession. Combined, the factors led to traders manically selling shares off.
Many eurozone countries including Finland, the Netherlands, Austria, Slovakia and Slovenia have made it clear that they want Greece to put assets up against the £95Bn loan as security to be taken in the event of non repayment. To add to the tension, America is becoming more and more concerned that the financial problems in the eurozone will start to affect the US.
All the fears and concerns around the globe have led to substantial drops in the market with the FTSE 100 dropping 4.5%, Dow Jones closing 3.7% lower and the yield on UK government bonds falling to the lowest yet this century.
These losses are expected to continue over the weekend. The only ray of hope was the statement made by Hewlett- Packard which has illustrated their intentions to buy Autonomy, the software firm, for around £7.1Bn. This has not only resulted in a 75% rise for Autonomy but also increases for other software firms Arm Holdings and Misys.

About The Author

Lee Murphy

MAAT and ICPA accountant, with a passion for making accountancy and bookkeeping accessible. Other interests include cloud-based software development for web and mobile access, keeping fit, reading, and entrepreneurship.

More posts by this author
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Read more posts...

Staff Spotlight: Charlotte Hughes, Accounts Junior

This month we spoke to Charlotte Hughes, Accounts Junior at The Accountancy Partnership! Give an overview of the duties, functions and responsibilities…

Read More

Staff Spotlight: Rebecca Boyd, Accounts Junior

This month we spoke to Rebecca Boyd, Accounts Junior at The Accountancy Partnership! Give an overview of the duties, functions and responsibilities…

Read More

February 2024 Client of the Month: CHERESHNIVSKA

This month we spoke to Iryna, CEO and Founder of CHERESHNIVSKA!  CHERESHNIVSKA | Instagram | Facebook Hey Iryna! Tell us about your business CHERESHNIVSKA…

Read More
Back to Blog...

Confirm Transactions

The number of monthly transactions you have entered based on your turnover seem high. A transaction is one bookkeeping entry such as a sale, purchase, payment or receipt. Are you sure this is correct?

Yes, submit my quote
No, let me change it

Please contact our sales team if you’re unsure

VAT Returns

It is unlikely you will need this service, unless you are voluntarily registered for VAT.

Are you sure this is correct?

Yes, the business is VAT registered
No, let me change it

Call us on 020 3355 4047 if you’re not sure.

Bookkeeping

You will receive our bookkeeping software Pandle for free, as part of your package.

You can use this to complete your own bookkeeping, or we can provide a quote to complete your bookkeeping for you.

Please select and option below:

I will do my own bookkeeping
I want you to do my bookkeeping

Call us on 020 3355 4047 if you’re not sure.