FTSE100 opens lower after bank holiday, as Italian chaos weighs heavy May 29, 2018 The FTSE 100 fell nearly 0.8 per cent in early trading as investors reacted to a turbulent weekend in Italy and Spain following yesterday's British bank holiday. The blue chip index was down 60.84 points, or 0.79 per cent, to 7,669.44 in early trading while the midcap FTSE 250 index also tumbled, down 0.9 per [...]
Domestic abuse costs UK businesses £316m a year November 25, 2019 Domestic abuse against women costs UK businesses a total of £316m a year, according to a new study by KPMG for Vodafone. The new research suggests that per woman, the potential loss of earnings as a result of the negative impact domestic abuse can have on career progression could be as much as £5,800. Read [...]
Eurozone manufacturing stuck in steepest decline for seven years November 4, 2019 The health of the eurozone’s embattled manufacturing sector remained in the depths of a seven-year low last month, with Germany remaining the main point of weakness in the bloc’s economy. Factory output showed little sign of picking up last month, with IHS Markit’s Eurozone manufacturing purchasing managers’ index (PMI) hitting 45.9 in October. While the [...]
Donald Trump impeachment: US politicians kick off public hearings November 13, 2019 The impeachment inquiry into US President Donald Trump stepped up a gear this afternoon as politicians opened the first public hearing. The House Intelligence Committee is holding the first hearing as part of a probe into whether Trump improperly pressured Ukraine to help his bid for reelection. Read more: FTSE 100 staggers under Trump’s tariff [...]
Coronavirus: Brits returning from Wuhan face two weeks in quarantine January 29, 2020 British citizens being flown back to the UK from the Chinese city of Wuhan tomorrow will be put in quarantine for two weeks as a precaution against coronavirus. The government will evacuate Britons from Wuhan, where the outbreak started, and the surrounding Hubei province as the virus spreads across China. Hundreds could be flown home. [...]
Airline bosses say worst is yet to come as more flights cancelled on coronavirus fears March 3, 2020 Airline bosses have warned that the worst is yet to come for the industry after coronavirus fears saw passenger demand slump, with carriers cutting flights to locations round the world. Speaking at an industry conference in Brussels, outgoing IAG boss Willie Walsh said that there had been “a very significant fall-off in demand” in Italian [...]
S&P 500 and Nasdaq hit record highs on better-than-expected US jobs data and renewed optimism of trade war truce November 2, 2019 The S&P 500 and Nasdaq finished Friday at a record high following data better-than-expected US jobs growth data and fresh optimisim the US and China would cease their trade war. The S&P 500 rose by 0.97 per cent to 3,066.91 and peaked at a record high of 3,066.95 during Friday’s session, despite another weak reading [...]
US law firms struggling to displace UK elite in FTSE boardrooms September 18, 2019 Despite the march of US law firms on the City legal market, new data published today shows their UK rivals still dominate the boardrooms of British bluechips. US law firms have invested heavily in London in the last decade, taking prized partners from the domestic elite. Firms such as Kirkland & Ellis and Weil Gotshal [...]
US markets hit fresh record high on trade deal optimism January 13, 2020 US stock markets hit fresh all-time highs today as investors optimistically await the signing of “phase one” of the US-China trade deal. Indices were also boosted by expectations of a pick-up in profits for US companies as fourth-quarter earnings season kicks off. Read more: Donald Trump: US to suspend planned tariffs after reaching China trade [...]
M&S shares jump after Goldman Sachs hikes rating December 9, 2019 Shares in Marks & Spencer jumped this morning after investment bank Goldman Sachs hiked its stock rating following improvement in the retailer’s troubled clothing and home division. The company’s share price was up more than four per cent after Goldman Sachs issued a “buy” rating, from its previous “sell” recommendation, in a boost for the [...]