Zara owner Inditex extends lead over H&M as world’s biggest fashion company September 13, 2023 Zara owner Inditex reported on Wednesday a jump of 40 per cent in profit for the six months to July
Ashtead’s share price falls after lowering UK revenue outlook September 5, 2023 British equipment rental firm Ashtead Group lowered its annual UK rental revenue growth forecast today citing softening market conditions.
China’s slumping economy signals the end of a high growth era August 24, 2023 Exports have slumped, growth has stalled and the economy even slipped into deflation. The youth unemployment figures have gotten so bad that the government has stopped publishing them. These figures - or their absence - reveals more than an economy struggling to grow after Covid. What they demonstrate is that China’s growth model over the past few decades has run out of steam.
Policy must catch up with investment demand, says Wood Group boss August 22, 2023 Wood Group has raised its trading expectations in its half-year update to investors, predicting higher pre-tax profits.
Abrdn share price tumbles 10 per cent as £4.4bn pulled by clients so far this year August 8, 2023 The share price of FTSE 100 firm abrdn slumped after the fund manager reported a major fall in assets under management and administration (AuMA) in the first half of the year. AuMA dropped to £495.7bn, down from £500bn at the beginning of this year as it reported net outflows of £4.4bn in the first six [...]
HSBC set to reduce fixed-rate deals as hopes rise that mortgage rates will start to fall July 25, 2023 HSBC became the first high street bank to announce they will be reducing rates on a swathe of their fixed-rate products, sparking hope that mortgage rates might begin to fall. Mortgage rates have spiralled in recent months as inflation has remained stubbornly above the Bank of England’s target. Traders are now betting that the Bank [...]
Easyjet profit flies on soaring summer demand as pandemic recovery continues July 20, 2023 Easyjet has swung to a record pre-tax profit of £203 million, up from a £114 million loss the previous year, on the back of soaring travel demand and high ticket fares. For the three months leading up to June, the budget airline said revenues hit £2.3 billion, up 34 per cent year-on-year and giving a [...]
Ian Poulter calls for heads to roll at PGA Tour and DP World Tour after U-turn on LIV July 5, 2023 Ian Poulter has called for heads to roll at the top of the PGA Tour and DP World Tour if there is to be a way back for him and other players who joined LIV Golf. The chances of a reconciliation – and possible Ryder Cup return – appeared to increase with last month’s proposed [...]
FTSE 100 Live: London markets open higher as Travis Perkins issues profit warning June 16, 2023 FTSE 100 opened higher on Friday on a boost from energy and mining stocks, despite a profit warning from Travis Perkins.
Tesco: ‘Encouraging signs inflation is starting to ease’ as quarterly revenue tops £14.8bn June 16, 2023 Britain’s biggest supermarket Tesco has reported a nine per cent increase in UK sales, with its new chief executive saying there are “encouraging early signs that inflation is starting to ease”. Tesco said it reported £13bn in sales across the UK and Republic of Ireland, up almost nine per cent on the previous quarter. In [...]