FTSE 100 and Wall Street rise on recovery optimism March 26, 2021 FTSE 100 climbed further this afternoon as Wall Street opened higher on renewed economic recovery optimism. London’s blue-chip index is trading 0.9 per cent higher this afternoon as higher retail sales triggered a new wave of confidence in the economic recovery. Mining stocks including Rio Tinto, Anglo American and BHP pushed higher after a slow [...]
Wall Street flat and FTSE 100 slips into the red as Archego default hits banks March 29, 2021 Wall Street closed flat and the FTSE 100 slipped into the red today as fears of potential losses from a major US hedge fund defaulting on margin calls held back stocks. While the Dow Jones gained 0.3 per cent, the S&P 500 was 0.09 per cent lower and the tech-heavy Nasdaq closed down 0.6 per [...]
The Super League was a bungled sales pitch from start to finish April 26, 2021 It could have been a news story tailor-made for the short attention span of the 2020s: the Super League, a football competition intended to rival or replace the UEFA Champions League at the summit of the European game, was announced last week. It floundered for a moment, before falling into abeyance in a shorter time [...]
Britain 2030: High-tech manufacturing set to become a quiet British success story August 9, 2021 When it was first announced that this year’s G7 summit would be held in Cornwall, the decision was met with some raised eyebrows. But for a government which has made the combination of “levelling-up” the UK’s regional inequalities and tackling climate change its foremost priorities, it made perfect sense. In the last few years a [...]
What’s causing the current global shortage of semiconductor chips? March 25, 2021 The modern world runs on semiconductors; everything from mobile phones to washing machines depends on these tiny microchips. But few industries are so totally dependent on these microprocessors as the automotive sector, as has been proved time and again over the last couple of months. Since the shortage was first flagged at the beginning of [...]
Planes, trains and automobiles – how is Europe’s transport sector curbing its emissions? September 24, 2021 Greenhouse gas emissions in the EU fell by 3.8% in 2019, according to the European Environment Agency, bringing them to 24.0% below the levels seen in 1990. However, the EU is targeting a 55% reduction by 2030 (compared to 1990) with the aim of reaching net zero by 2050. There is still a long way to [...]
Concerns over prolonged restrictions as looming third Covid wave overshadows upbeat PMI data March 24, 2021 Mounting concerns about a third wave of Covid-19 cases across the UK and Europe are adding to expectations that economies may reopen later than initially predicted. The shift in market sentiment is weighing on stocks as they are extending losses with covid concerns even overshadowing today’s upbeat PMI data. “Fears over the impact of tighter [...]
I believe Bitcoin will get to at least $500,000 in this current bull cycle March 23, 2021 Trading wizard Dr Chris Kacher believes Bitcoin will get to at least $500,000 in this current bull cycle.
Shares in ground engineering firm Keller Group shed 27 per cent after warning on 15 per cent profit fall October 20, 2016 Shares in ground engineering firm Keller Group plummeted 27 per cent today after the company warned its underlying profits are likely to come in 15 per cent below market expectations. A continuation of "very difficult" conditions and "underperformance" in Keller's main markets in the Asia Pacific region will drag down full-year profits, the group said in a trading update [...]
Why widening the Suez Canal might not boost trade between Asia and Europe August 6, 2015 Egypt has just spent a huge $8bn (£5bn) on widening the Suez Canal – the fastest trade route between Asia and Europe. Read more: Egypt to build a new Suez Canal for $45bn By adding a new 21 mile long bypass along the 120 mile canal, Egypt hopes to transform its economy by [...]