Energy giants fuel London indexes ahead of government white paper April 5, 2022 London’s top indexes were boosted by investors pouring into energy stocks yesterday ahead of the UK government publishing its much-awaited energy strategy. The capital’s premier FTSE 100 index rose 0.72 per cent to 7,613.72 points, while the domesticall-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, edged 0.13 [...]
London’s top indexes jump as Bank of England hikes rates again March 17, 2022 London’s top indexes jumped yesterday after the Bank of England lifted interest rates for the third meeting in a row. The capital’s premier FTSE 100 index climbed 1.28 per cent higher to 7,385.34 points, while the domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, rose 0.34 per cent [...]
Bank of America profits climb on loan demand soaring amid US economic recovery January 19, 2022 Wall Street giant Bank of America has reaped a windfall generated by American consumers and businesses taking on loans amid a booming economic recovery. The American banking titan registered a 28 per cent rise in net income, climbing to $7bn in the final three months of last year, it announced today. A strong economic rebound [...]
Cazoo bets on Derby as part of brand-building sports sponsorship push May 30, 2022 AS THE three year olds round the bend at Tattenham Corner in this Saturday’s Epsom Derby, they’ll be roared home by a crowd of tens of thousands, forced to miss the last two iterations of the famous race due to Covid-19 restrictions. But while the noise will certainly be different this year, one thing won’t [...]
Cineworld revenue skyrockets by $1bn as record-breaking blockbusters lure in viewers March 17, 2022 Cineworld revenue has skyrocketed by $1bn (£760m) in the past year, as record-breaking blockbuster releases such as Spider-Man: No Way Home lured in viewers. Revenue surged more than 111 per cent to $1.8bn (£1.3bn) in the year to 31 December, up from $852m, according to the theatre chain’s preliminary results this morning. Admissions rose over [...]
Oil prices collapse as Omicron sweeps across globe December 20, 2021 Oil prices slid today as traders dumped holdings on fears the rapid spread of Omicron will severely curb demand for the commodity. The world’s leading international benchmarks, WTI and Brent Crude, collapsed 5.14 per cent and 4.45 per cent respectively. Concern that major oil consuming countries are headed for tougher restrictions on economic activity to [...]
Goldman Sachs: World is entering new era of ‘bigger government’ and ‘higher taxes’ May 11, 2022 The world economy is entering an era of “bigger government” and “higher taxes,” according to a top Wall Street bank. The scaling back of red tape and stronger corporate profits that characterised the global business environment since the 1980s is set to reverse, Goldman Sachs has said. Supply-side reforms pushed through by former British prime [...]
Vanguard’s US staff get $1,000 vaccine bonus: Will it come to the UK? August 5, 2021 Vanguard is to pay $1,000 to each of its 16,500 US staff should they prove they are fully vaccinated by October. The bonus includes those who were jabbed prior to the company making the generous offer. However, the offer will not be extended to employees of the asset management firm in Europe, it was announced. [...]
Eamonn Holmes to join GB News in the new year December 10, 2021 It has been announced this afternoon that Eamonn Holmes will join GB News after leaving This Morning.
A lot can happen in two years, just ask Governor Bailey March 16, 2022 A lot can happen in two years. Countries can go through the worst of a global pandemic and (hopefully) come out the other side. Policymakers can win plaudits and crash and burn. Nations can go to war. Governors of monetary authorities can oversee the largest level of central bank intervention in markets ever. That is [...]