Savers: It’s time to fight back against low interest rates

Savers: It's time to fight back against low interest rates By James Faulkner Savers should brace themselves for more pain as the Bank of England's latest interest rate cut filters through the system and inflation begins to creep higher. The Bank of England cut its base rate in half in August, from 0.5% to 0.25%, and expanded its Quantitative Easing (QE) programme by £60 billion to £435 billion. In addition, BoE Governor Mark Carney warned that banks had "no excuse" not to pass the lower borrowing costs on to customers. This is all very well and good if you're someone with a lot of debt. But if you've been doing the right thing by saving for retirement – or even just a rainy day – then it really is a kick in the teeth. Savers have already had to endure years of meagre returns, with the only silver lining being that inflation has remained relatively subdued in recent years. But there are signs that this "financial repression" could get even worse… Click Here To Read The Full Story The Master Investor Market Report The FTSE 100 closed the day at 6,830.79, an increase of 17.24 points. The FTSE 250 rose 10.46 points to finish at 17,900.22. The FTSE All Share climbed 8.04 points to finish at 3,725.65. The FTSE AIM All Share ended the day at 814.56, up by 2.95 points. Retailer Kingfisher (KGF) reported sales of £5.75 billion for the half year ended 31st July, a 4.7% improvement over the equivalent period of the prior year. As a result of this and continuing efficiency measures, including a store closure programme, profits before tax climbed by 10.6% to £427 million. Management said that they had seen no impact on trading in the UK since the recent vote, but they remain cautious about conditions in France. The shares fell 2.10% to 368.80p. Don't miss our September issue! Click HERE to read. Employee benefits provider Personal Group (PGH) saw its shares fall by 17.50p to 460p as it reported that pre-tax profits dropped 33.5% to £1.9 million during the six months ended 30th June despite revenues rising by 10.2%. The company invested in setting up the infrastructure for a partnership with Sage, but it was also decided to close down the struggling PG Mobile subsidiary by the end of the year. Stevia sweeteners specialist Purecircle (PURE) said sales and margins had both improved substantially over the financial year ended 30th June. Statutory pre-tax profits surged from $1 million (£0.77 million) last year to $17.9 million (£13.7 million) despite disruption caused by a dispute with the US customs authorities. Management say that macro trends are aligned in their favour going forward. The shares dropped by 6.06% to 310p. Tomorrow's news today  Saga (SAGA) will release interim results. Quote of the day "Instant gratification takes too long." - Carrie Fisher Latest Stories Burberry's outstanding turnaround targets as high as 1,800p By Zak Mir Being a dedicated follower of fashion, and on the occasion of its first season-less catwalk presentation, it would appear this is the right time to take a look at luxury brand group Burberry… Click Here To Read The Full Story Morrisons: Leaner and meaner after turnaround By Robert Sutherland Smith Wm. Morrison was a buy! You heard that message here last month ahead of these first-half results, and in the face of a massive uncovered bear position. (Clearly, too many hedge fund managers shop at Harrods and not Morrisons!)… Click Here To Read The Full Story Octagonal looks set for considerable upside By Zak Mir One of the better aspects of trading/investing via technical analysis is that one can head above the clouds as far as the fundamentals of a company are concerned. Clearly, the odd profit warning and placing can sometimes slip through… Click Here To Read The Full Story How the Mitie have fallen By Evil Knievil It only took eighteen months for Mitie (MTO) to fess up. However, there is more to come. Therefore MTO is not a buy now or indeed, I suspect, ever. Why on earth MTO kept on buying its own equity escapes me... Click Here To Read The Full Story Central Rand Gold to shine on the back of falling wedge reversal By Zak Mir FTSE 350 Stocks Barclays (BARC): 200 Day Line Resistance Perhaps one of the most interesting aspects of the post-Brexit rally was the way that the banking sector received a decent boost in share price terms… Click Here To Read The Full Story Join the movement on social media: Copyright 2016 Master Investor Ltd, All rights reserved. You are receiving this email because you opted in at our website. 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