FTSE 100 and US stocks slide following central bank announcements September 17, 2020 The FTSE 100 continued trading in the red after the Bank of England announced it would keep monetary policy on hold, while Wall Street opened lower as tech stocks slumped. The blue-chip index dropped 0.7 per cent before inching up marginally to trade down 0.4 per cent after the bank said the economy’s recovery had [...]
Why global cities could be more valuable than high-performing tech stocks February 21, 2020 The most successful company strategies over the last few years all have one thing in common – a data-driven operating platform. Companies such as Facebook, Amazon, Netflix and Google (the so-called FANG stocks) are able to create a significant informational advantage when they use data collected from their platforms. The quantity and quality of this [...]
Trump’s tweets ‘make it impossible for me to do my job’, says William Barr February 14, 2020 US attorney general William Barr has said President Donald Trump’s use of Twitter “make it impossible for me to do my job” amid a high profile court case. His comments came in response to claims Trump pressured the Department of Justice (DoJ) into recommending a reduced jail sentence for the President’s former adviser, Roger Stone. [...]
FTSE 100 breaks 6,000 and US stocks rise amid economic optimism August 3, 2020 The FTSE 100 rose sharply, surpassing 6,000 points, as investors looked past rising coronavirus cases and cheered positive economic data. London’s blue-chip index was 2.2 per cent higher in afternoon trading at 6,028 points. The mid-cap FTSE 250 was up 1.2 per cent. Read more: HSBC profit plummets due to coronavirus pandemic On Wall Street, [...]
Struggling to adapt? Look to the creative industries for inspiration July 2, 2020 The outlooks for many sectors remains pessimistic — but if you want inspiration, you’ll find the industries that have been worst hit are setting an example of how to respond. Social distancing restrictions have hit the creative industries, from concert venues to cinemas and museums, more than any others. For some companies, this has exposed [...]
MWC to offer refunds after conference scrapped due to coronavirus March 25, 2020 Mobile World Congress (MWC) will offer refunds to anyone who paid to attend the conference in a move that could “lay down the gauntlet” for other events cancelled due to coronavirus. Organiser GSMA scrapped the telecoms extravaganza in February following a string of high-profile withdrawals, saying health concerns made it “impossible” for the event to [...]
Disney Plus to launch in the UK on 24 March January 21, 2020 Disney Plus, the entertainment giant’s subscription service, will launch in the UK on 24 March, it was confirmed this morning. The platform, which is set to take on competitors such as Netflix and Amazon Prime, will come with two payment models: £5.99 a month or £59.99 for a year. Subscribers will be able to access [...]
Blackstone buys Clearbell Capital’s £120m logistics portfolio March 23, 2020 Private equity firm Blackstone has bought 22 logistics sites from Clearbell Capital as consumers turn to online shopping in response to the coronavirus outbreak. Clearbell Property Partners III, a fund managed by private real estate fund manager Clearbell Capital, has sold its industrials and logistics portfolio for £120m. The portfolio comprises of 22 small to [...]
Covid consolidation bears low-hanging fruit for traders June 29, 2020 No understatement is truer than the one about how “nothing will ever be the same again” following the coronavirus pandemic. Businesses in the hundreds of thousands will not reopen. Millions of jobs have been lost. Billions of dollars have been wiped off the valuations of household brands and City darlings. Past worries about Brexit seem [...]
Boohoo shares continue downward spiral amid sales slump warnings July 14, 2020 Boohoo shares continued to slump this morning after more than three days of losses, following allegations of poor working conditions in the fast fashion firm’s garment factories that have weighed on analysts’ sales forecasts. Shares slumped 17.7 per cent to 230p yesterday, after hovering around the 410p mark for the majority of June. Investors continued [...]