Weakening Chinese economy weighs on London markets October 18, 2021 A weakening Chinese economy weighed on London markets this morning as investor sentiment soured on concerns the global supply chain crisis will last longer than expected. The capital’s premier FTSE 100 edged down 0.12 per cent to 7,226.20 points during the opening session. China’s economy was dragged down by energy shortages, soaring commodity prices and [...]
China sanctions Tory MPs in Uighur human rights abuse row March 26, 2021 China has imposed sanctions on nine UK individuals — including five Tory MPs — for spreading what it calls “lies and disinformation” about human rights abuses in the country. The Chinese foreign ministry today said it had sanctioned four organisations and nine individuals, including Conservative Party leader Iain Duncan Smith and the party’s Human Rights [...]
What’s On In London In February 2024 February 7, 2024 As London starts to blossom and we emerge from the winter slump. Central London Alliance brings opportunities for you to embrace the romance of the city for Valentine’s Day. In addition, we welcome in the Chinese New Year, with a vast array of exhibitions, events and experiences to keep you busy throughout the month. Revel [...]
FTSE 100 falls as fresh lockdowns across Europe dampen economic outlook March 19, 2021 The FTSE 100 fell this morning as fresh Covid-19 lockdowns across Europe dampened hopes of a swift recovery in demand for industrial stocks including energy. London’s blue-chip index sank 1.2 per cent, before recovering slightly to sit 0.6 per cent down at 8.30am. Oil heavyweights BP and Royal Dutch Shell fell 3.2 per cent and [...]
Is bling out? What Chinese “common prosperity” means for luxury goods October 8, 2021 Evergrande Group will not have helped to calm the nerves of investors in European luxury goods companies. They’ve viewed recent developments in China with some trepidation. The difficulties facing the country’s second largest property developer (by sales) add to a checklist of concerns. These concerns include a slowdown in economic activity (for background, see: China: what [...]
FTSE 100 climbs as Sunak outlines post-Brexit financial services roadmap July 1, 2021 London’s FTSE 100 surged this afternoon as investors digested the Chancellor’s post-Brexit roadmap for the UK’s financial service industry. The capital’s premier index climbed 1.25 per cent in afternoon trading to reach 7,125. The rally came after Chancellor Rishi Sunak outlined plans to make the UK financial services industry more competitive on the global stage. [...]
Sportswear start-up Prevayl scores £7.5m investment as market picks up pace June 7, 2021 Manchester sportswear start-up Prevayl has scored £7.5m in pre-revenue to stitch together its ‘intelligent sportswear’ collections as the UK sportswear market continues its strong pace. The investment has been made by consumer brand investment firm Stonebridgesignals good faith in the UK sportswear market which is expected to grow 20.9 per cent by 2023, reaching £6.7bn [...]
Burberry fails to stop the selling May 31, 2019 Hard-won gains continue to evaporate as Burberry does no more than expected, writes our head of markets. Still being in the early stages of its transformation plan is dragging on these full-year numbers, but there is little doubt that Burberry's (LSE:BRBY)aspirations are high. Revitalising its iconic brand may take some time, but Burberry seems well-positioned. [...]
3i Group posts surge in investor returns for full year to £1.7bn May 13, 2021 3i Group posts surge in investor returns for full year to £1.7bn
Weak UK retail sales drags FTSE 100 lower – CityAM : CityAM August 20, 2021 London’s FTSE 100 extended yesterday’s sharp losses into this morning as weak UK retail sales figures weighed on market sentiment. The capital’s premier index slipped 0.22 per cent to 7,043.22 points during the first two hours of trading on Friday. The blue-chip index is on track to register its worst week since January. Also Read: [...]