Mark Kleinman: My bold predictions for 2023 in the City – from Natwest to Spurs January 11, 2023 After the political and economic events of 2022, the idea of being able to predict anything with confidence seems even more outlandish than usual. Nevertheless, with the UK economy precariously balanced less than two years before a general election, these seem – in early January – to be sensible bets for UK plc in 2023. [...]
Revenue climbs for Smith & Nephew as efficiency plan comes good November 3, 2022 Smith & Nephew reported steady revenue growth this morning, with its efficiency plan starting to pay off. Revenue climbed 4.8 per cent for the medical equipment maker to $1.25bn, with all franchises and geographies contributing. Full-year underlying revenue growth currently expected in middle of previously guided range of four to five per cent. Smith & [...]
GSK snatches Julie Brown from Burberry’s top management September 24, 2022 GSK has reportedly snatched Burberry’s chief operating and financial officer Julie Brown. Sources told Sky News the £53bn pharmaceutical titan could appoint Brown as its chief financial officer as soon as Monday. The businesswoman in fact announced on Friday she would step down next year after six years at Burberry. Working alongside chief executive Dame [...]
US stocks climb to record high on positive economic growth July 29, 2021 Wall Street climbed to record highs on Thursday as investors piled into stocks after new figures revealed the US economy is recovering quickly from the Covid crisis. The S&P 500 hit record levels in opening trading, but scaled back to rise 0.53 per cent to 4,424 during the morning session. Likewise, the Dow Jones and [...]
Smith & Nephew revenues grew by almost 50 per cent since last quarter July 29, 2021 Smith & Nephew revenues have soared as covid-19 restrictions eased and levels of elective surgery returned towards normal in many markets. The British medical technology firm reported revenues of $1.3bn in its second quarter, up 48.2 per cent and compared with $901m for the same period last year. As a result Smith & Nephew also [...]
Wall Street creeps higher as investors await cues on tapering and inflation June 9, 2021 Wall Street’s main indexes edged higher today but a lack of clear catalysts kept trading slow while investors awaited inflation data and an upcoming Fed meeting. The Dow Jones Industrial Average was up 0.1 per cent, while the S&P 500 gained 0.2 per cent at the open. Meanwhile, the tech-heavy Nasdaq rose 0.4 per cent, [...]
FTSE 100 leaps as strong earnings drive index higher April 29, 2021 London’s FTSE 100 was boosted by a series of positive earnings this morning as the index shot up by 0.6 per cent. The blue-chips were buoyed by gains in medical products maker Smith & Nephew, who accelerated to the top of the index after revenue growth in the first quarter. The increase was also supported [...]
Markets: Wall Street slips from record levels April 19, 2021 Major U.S. stock indexes fell from record levels on Monday as investors sought cues from first-quarter earnings reports to justify the rich valuation of equities. Tesla was the biggest drag on the S&P 500 and the Nasdaq, with the electric-car maker down three per cent after a Tesla vehicle, which was believed to be operating [...]
Wall Street rallies on strong tech earnings as FTSE 100 slips February 3, 2021 Wall Street pushed higher today on the back of strong tech earnings, but the FTSE 100 closed in the red after early losses were reserved. The Dow Jones was up 0.26 per cent shortly before markets closed, while the S&P 500 and Nasdaq rose 0.28 per cent and 0.18 per cent respectively. It marked the [...]
FTSE 100 falls back as extra restrictions mulled January 11, 2021 The FTSE 100 fell back slightly this morning as reports that the government is mulling further restrictions pressed on the markets. London’s premier index fell 0.5 per cent by mid morning to stand at 6,838 points after a rapid start to the year last week. In the first week of trading, the bourse picked up [...]