Sam Torrance: Why Brooks Koepka is my favourite for the US Open June 12, 2023 Sam Torrance previews this week’s US Open at Los Angeles Country Club, where he says Brooks Koepka is the man to beat ahead of Jon Rahm and Scottie Scheffler. After a week in which the headlines have been dominated by a possible deal between the PGA Tour and LIV Golf, it’s time for the golf [...]
Falling value of commercial real estate likely to hit European banks, RBC warns May 31, 2023 The European banking sector could be at risk from the weakening outlook for commercial real estate, analysts have warned. In a note, Anke Reingen, analyst at Royal Bank of Canada, argued that European banks are “likely to take some hits from the worsening [CRE] sector outlook”. CRE has faced widespread problems in recent months as [...]
British American Tobacco appoints new chief executive as as analysts predict something’s ‘not right’ at BAT May 15, 2023 British American Tobacco appointed finance director Tadeu Marroco as CEO on Monday, succeeding Jack Bowles who is stepping down after about four years. Marroco started working for the tobacco firm in Brazil in 1992 and was appointed to the board in 2019. Bowles, who also joined the board in 2019, has led the maker of [...]
Total sells Canadian oil sands operation to Suncor Energy in £3.3bn deal April 27, 2023 Energy major Total Energies has accepted an offer to sell its carbon-heavy Canadian oil sands operations to Suncor Energy for £3.3bn.
Sainsbury’s profits takes inflation and cost of living hit as supermarket faces stark choice April 27, 2023 In its full year results for the year ending 4 March 2023, Sainsbury’s pre tax profits fell from £854m to £327m as the retailer battled to keep its pole position as one of the UK’s largest supermarkets. The supermarket giant said it was impacted by non-cash asset impairments, driven by a higher discount rate, and [...]
EasyJet profits expected to fly past £260m as demand and ticket prices soar April 18, 2023 Easyjet announced a £120m improvement in its first half performance year on year, as the low-cost airline continued to turnaround its business. Headline losses before tax for the first half are expected to be between £405m and £425m, in spite of economic challenges including inflation, rising fuel costs and preparation costs for summer. The airline [...]
Fitzpatrick wins golf’s RBC Heritage to complete full circle from childhood April 17, 2023 It was a full circle moment for golfer Matt Fitzpatrick on Sunday as his win at the RBC Heritage on Hilton Head Island took Englishman right back to his childhood. Fitzpatrick secured his first win since the 2022 US Open by defeating Jordan Spieth at the third playoff golf at Harbour Town on Sunday night. [...]
Tesco hit by inflation and supermarket war with Aldi and Lidl as profit down almost seven per cent April 13, 2023 Tesco, Britain’s biggest supermarket, was hit hard by consumers tightening their belts during the cost of living crisis, as it reported its operating profit was down almost seven per cent on last year. The London-listed chain said its profit was £2,6bn for the year to the end of February which was down 6.9 per cent [...]
Why tokenisation can revolutionise decentralised finance March 28, 2023 Mimo Capital CEO Claude Eguienta believes we should use the gift of foresight to allow tokenisation to full mature in the industry.
Banking stocks on course for another good day as fears of global crisis recede: Most in green… apart from UBS March 22, 2023 European banking stocks were on course for another strong morning on Wednesday after a rollercoaster couple of days for the sector induced by Credit Suisse’s buy-out by UBS. Most European banks were in the green on Wednesday: SocGen was up 2.5 per cent, BNP Paribas 1.5 per cent, Deutsche Bank 1.2 per cent and Santander [...]