London Stock Exchange Group sees profits recover from 2020’s wave of pandemic uncertainty August 6, 2021 The London Stock Exchange Group (LSEG) has seen its total profits recover in response to pandemic uncertainty which rocked its financial markets in the first half of 2020. Total profit hit £2.7bn in the six months to 30 June, up from just £914m in the first half of last year when the stock market faced [...]
Production delays weigh on Netflix as firm misses new subscriber forecasts April 20, 2021 Netflix added fewer subscribers that than predicted in the first quarter as its pandemic momentum slowed up due to production difficulties. The tech giant added 3.98m subscribers in the first three months of 2021, below the 6.3m forecast by Refinitiv analysts. The misstep sent shares tumbling 10 per cent in post-market trading. In a statement, [...]
Tesla shares jump to record high ahead of S&P 500 debut December 19, 2020 Tesla shares rose to a record high on Friday as investors geared up for the electric carmaker’s anticipated entrance into the S&P 500 index. The company, headed up by billionaire Elon Musk, will become the most valuable ever admitted to Wall Street’s main market on Monday, accounting for more than 1 per cent of the [...]
H&M sales pick up in March as some markets allow stores to reopen March 15, 2021 H&M announced that sales began to pick up in the first half of this month as coronavirus pandemic restrictions have lifted in some markets. Sales between 1 and 13 March were up 10 per cent in local currencies as many countries, including single-biggest market Germany, began to lift restrictions, allowing the retailer to open hundreds [...]
IT weight mix-up leads to ‘serious incident’ on Tui flight April 8, 2021 A flaw in one of its IT systems saw a Tui flight take off with the wrong weight calculations after female passengers using the title “Miss” were registered as children. The error, which took place on a flight from Birmingham Airport to Majorca on 21 July last year has been labelled a “serious incident” by [...]
Companies raise record $400bn in first weeks of 2021 January 26, 2021 Companies have raised some $400bn in the first three weeks of 2021, marking the biggest haul of the past two decades for the comparable period. The buying frenzy is around $170bn above the average for this time of year, the Financial Times reported, citing Refinitiv data, and is a result of global government and central [...]
UK bonds suffer biggest monthly fall in years February 26, 2021 UK bond prices recorded their sharpest fall in years this month, as investors bet on a rebound in growth and possibly inflation. The fall comes just days before the budget, in which Chancellor Rishi Sunak will set out his economics plans for the UK. The month’s sharp declines largely reflect a global sell-off led by [...]
Vaccinations drive Airbnb bookings up 52 per cent May 13, 2021 Airbnb beat Wall Street’s expectations for first-quarter gross bookings and revenue on Thursday, as speedy Covid-19 vaccinations and easing restrictions encouraged more people to check into its vacation rentals. Gross bookings jumped 52 per cent to $10.29bn in the quarter, easily beating analysts’ estimates of $6.93bn. “For guests aged 60 and above in the U.S., who [...]
London Stock Exchange in exclusive talks with Euronext over Borsa Italiana September 18, 2020 The London Stock Exchange has entered exclusive talks with Paris-based Euronext about selling Borsa Italiana, Italy’s only stock exchange, it announced today. It comes as the London Stock Exchange (LSE) tries to win European regulatory approval for its $27bn (£21bn) purchase of data provider Refinitiv. The LSE announced in July that it may sell MTS [...]
Spotify hits subscriber targets as pandemic party continues April 28, 2021 Spotify today reported subscriber growth at the top end of its targets for the first quarter as strong momentum from a pandemic-induced boom in trading continued into 2021. The music streaming giant posted 21 per cent year on year growth in premium subscribers to 158m after it added 4m in the first three months of [...]