The Office for National Statistics said the economy grew by 0.3% in July, and by 0.6% over the three months to July – the fastest pace in almost a year.

“Services grew particularly strongly, with retail sales performing well, boosted by warm weather and the World Cup,” said Rob Kent-Smith from the ONS.

The construction sector expanded but industrial output contracted.

“The dominant service sector again led economic growth in the month of July with engineers, accountants and lawyers all enjoying a busy period, backed up by growth in construction, which hit another record high level,” said Mr Kent-Smith.

Debenhams has issued a profit warning and brought in KPMG to help look at the options available which could see stores closing and the company potentially seeking a CVA( Company Voluntary Arrangement) although it is hard to see landlords agreeing to this with the business still profitable.

The news of KPMG has seen the share price drop markedly this morning. Shareholder Mike Ashley must surely be looking on with interest.

Real Financial Services is Proud Sponsor of Manchester Soul Festival 2017

Real Financial Services are pleased to announce that they are sponsoring the Third Annual Manchester Soul Festival on Sunday 27 August 2017.

The event is supporting The Christie Charitable Fund.

Paul Ramsey & Lynn Wallwork the Directors of Real are pleased to give their support to such a worthy cause.

Paul said, “We all know family and friends who have been struck down by cancer and this is a great event which enables people to have a great time and also helping to raise money for The Christie Charity Fund.”[%7B%22surface%22%3A%22page%22%2C%22mechanism%22%3A%22main_list%22%2C%22extra_data%22%3A%22%7B%5C%22page_id%5C%22%3A53019549510%2C%5C%22tour_id%5C%22%3Anull%7D%22%7D]%2C%22has_source%22%3Atrue%7D


Provident Financial Shares Dive as CEO Resigns

Provident Financial told the market this morning that it expects to lost between £80m and £120m this year. The news has caused the share price to dive with the price dropping by 68% during trading.

The company has some 2.5 million customers, many of whom would not qualify for a standard bank loan and are therefore categorised as “sub-prime”.

Ford is the latest car company to launch an incentive for UK consumers to trade in cars over seven years old, by offering £2,000 off some new models.

The cars that can be traded in include any built to emissions standards that applied before 2010.

Theresa May Confirms Britain will leave single market

Theresa May does not want Britain to stay in the single market.

The Prime Minister stated “we will take back control of our laws and put an end to the jurisdiction of the European court in Britain. I want to be clear that what I am proposing cannot mean  membership of the single market.”

May promised to push for the “freest possible trade” with European countries and to sign new deals with others around the world.

She also announced Parliament would get to vote on the final deal agreed between the UK and the EU.