For: Chay, J., B.
Deadline: 18th December 2009
To analyse the UK banking industry and the stocks HSBC, Lloyds, Royal Bank of Scotland and Barclays in the England banking industry and provide recommendations whether to buy, hold or sell the stock.
2009319086 · Kornelis Hooghiemster · firstname.lastname@example.org · 010 8696 5580
2009319085 · Vincent Schenkeveld · email@example.com
2009319126 · Sander Barendse · firstname.lastname@example.org · 010 8698 3866
2009319113 · Michka Heidema · email@example.com · +31643800117
2005311572 · Iseung Han · email · mobile
Here below the group division outline will be given;
Macroeconomic information - Sander Barendse
Industry information - Sander Barendse
HSBC - Kornelis Hooghiemster
Barclays - Vincent Schenkeveld
Lloyds - Michka Heidema
Royal Bank of Scotland - Iseung Han
The United Kingdom of Great Britain and Northern Ireland (UK) is an island country located of the northeast coast of the European continent. With England, Scotland, Northern Ireland and Wales providing the main portion of the country’s GDP, the UK is the sixth largest economy in the world. The UK is known as the birthplace of the Industrial Revolution in the late 18th century, but nowadays the largest share of GDP can be attributed to the services sector (73%).
London, the capital of England, is one of the biggest financial centres in the world with among its most important financial facilities the London Stock Exchange. The capital is also seen as one of the three “command centres” of the global economy alongside New York and Tokyo.
The UK economy was hit hard by the financial crisis. As can be observed in Figure 1-1 the UK underperforms compared to the average of OECD countries. During 2008 GDP growth rates were on average substantially lower than those of the OECD total.