Markets live: FTSE 100 up but US stocks down amid stimulus hopes July 28, 2020 The FTSE 100 rose but US stocks fell as coronavirus cases climbed around the world and Republicans and Democrats prepared to debate a new stimulus package amid new vaccine trials The UK’s main stock index was 0.3 per cent higher in afternoon trading at 6,120 points after briefly slipping into the red. The FTSE 250 [...]
WPP leads FTSE 100 risers with surprise return to growth October 25, 2019 WPP led the FTSE 100 risers today as its shares climbed after it posted a surprise return to growth in the third quarter. WPP’s share price rose above six per cent to 971.2p after revealing revenue climbed 5.2 per cent to £3.29bn. Read more: Sainsbury’s heir to the throne quits to join WPP Like-for-like sales [...]
Don’t ignore your opponent’s ideas — you could learn from them December 13, 2019 UK politics is a machine for killing good ideas. It’s brutal, adversarial, and first past the post. Our party-bound MPs almost never ask the only question that matters: based on the facts, what is best for the country? Imagine that your company has a complex problem. Three of you work up ideas to solve it. [...]
Capco to become real estate investment trust after completing £425m Earls Court sale December 2, 2019 Capital and Counties will officially become a real estate investment trust (Reit) this year after selling off its vast Earls Court development site. The FTSE 250 property giant said it is now a “prime central London property investment business centred around Covent Garden” after officially completing the sale of its stake in Earls Court to [...]
Q&A: The demographic challenge facing European cities October 13, 2020 Covid-19 and the subsequent lockdowns around the world have had a devastating effect on global economic growth. However, according to a recent study the most significant challenges facing cities in Europe were present before the pandemic, in the form of long term demographic trends. With birth rates declining in many countries and political resistance to [...]
‘Clerical error’ wipes out Dixons Carphone’s sales growth January 21, 2020 Dixons Carphone was left red-faced today as it admitted that its sales growth figure actually represented a decline. The retailer updated the stock market on its Christmas trading figures this morning, telling investors it had enjoyed a two per cent rise in reported sales. However, six hours on Dixons Carphone reversed the number into a [...]
UK services firms and consumers grow cheerier despite coronavirus February 28, 2020 Optimism in the UK services sector rose at its fastest pace in almost five years in the three months to February, a survey has shown, in the latest sign that the removal of some political uncertainty has cheered businesses. A separate survey today showed that UK consumers also became more optimistic in February, with rising [...]
Citymapper appoints advisers amid takeover interest January 28, 2020 Public transport app Citymapper has tapped advisers from US bank Raine after receiving overtures from several global tech firms. Sources told Sky News that the platform, which is available in 41 cities, brought Raine on board last week to guide it through discussions with several suitors. The expressions of interest, which were unsolicited, relate to [...]
US and Germany scrap over coronavirus vaccine company March 15, 2020 Berlin is trying to prevent Washington from persuading a German company working on a coronavirus vaccine to move to the US. German government sources told news agency Reuters that the US was looking into how it could gain access to a potential coronavirus vaccine being developed by German pharmaceuticals company Curevac. German newspaper the Welt [...]
Luxury bag retailer Radley doubles size of US business November 4, 2019 Luxury accessories brand Radley more than doubled its US business over a year as customers hunt out classic British heritage brands. Radley – which sells its products in the US in Macy’s department stores, through QVC television and on its own website – is seeking to expand its presence in the country after establishing a [...]