Conservative election victory sparks sharp recovery in housebuilder stocks December 13, 2019 The uncertainty surrounding Brexit and the country’s future has long been blamed as a source of the property market’s recent struggles. However a sizeable Conservative majority in the general election has already resulted in a sharp rise in housebuilder stocks. FTSE 100 firm Taylor Wimpey’s share price rose by 11.4 per cent in early morning [...]
Donald Trump: Britain free to strike ‘massive’ trade deal with US after Boris Johnson election victory December 13, 2019 Traditionally, for the winner of a General Election, results day involves taking congratulatory calls from leaders across the globe. But in Boris Johnson’s case, US President Donald Trump has beaten the others to the punch, tweeting that he will soon bestow the re-elected Tory PM with a “massive” new trade deal once he has delivered [...]
US stock markets rise as Donald Trump says China deal ‘VERY’ close December 12, 2019 New York’s stock markets have opened higher after President Donald Trump tweeted that the US is “VERY close to a BIG DEAL” with China. The excited Twitter outburst marks a turnaround from Trump’s views of the situation last week, when he said he would happily wait until after the late-2020 US presidential elections to strike [...]
European stocks creep higher ahead of General Election December 12, 2019 European shares edged higher this morning as investors await the result of a momentous British election, as well as the outcome of Christine Lagarde’s first policy meeting as head of the European Central Bank (ECB). The Conservatives are expected to win a majority of seats in the next parliament, but a poll released last night [...]
Office provider IWG takes further £160m hit on coronavirus crisis January 20, 2021 The impact of the coronavirus pandemic is expected to be prolonged for IWG, with the business forced to make further provision for up to £160m for network rationalisation. The office landlord announced in a market update this morning it was taking “further prudent actions” to reduce costs for the business, as it expected its recovery [...]
DEBATE: The average CEO-worker pay ratio is down – so are shareholders winning the debate against excessive pay? August 21, 2019 The average CEO-worker pay ratio is down – so are shareholders winning the debate against excessive pay? Andrew Ninian, director of stewardship and corporate governance at The Investment Association, says YES. When you negotiate, whether buying a house or closing a business deal, you don’t wait until the final offer to start discussing price. It [...]
Ashtead’s UK profit tumbles amid ‘challenging’ market December 10, 2019 Equipment hire giant Ashtead has bemoaned a “challenging” UK market, in which its home A-Plant business has seen profits shrink nearly a third in the first half of the year. The FTSE 100 company enjoyed a six per cent overall rise in profit, owing to a strong performance in its core US unit, called Sunbelt, [...]
Publishing and events firm Informa buys stake in Founders Forum November 11, 2019 Publisher and events company Informa has taken a minority stake in entrepreneur network Founders Forum as it posted revenue growth for the first 10 months of the year. The FTSE 100 company’s investment will see the two firms launch a joint venture to offer “high-profile connections” in the tech industry and expand London Tech Week. [...]
Sainsbury’s shares lifted by strong performance but hottest day fails to revive flagging grocery sales August 20, 2019 Sainsbury’s led FTSE 100 risers this morning following the news the supermarket had put in its strongest performance since November 2017. The supermarket put in the strongest performance of all the big four grocers, but still saw its market share slip 0.6 per cent over the past 12 weeks, according to Kantar data released this [...]
NMC Health hits back at Muddy Waters following short attack December 18, 2019 NMC Health has hit back at Muddy Waters after an attack by the short seller yesterday wiped around £1.75bn off the value of the FTSE 100 healthcare operator. Shares in NMC plunged as much as 42 per cent yesterday – the most on record – after the US short seller published a 34-page report raising [...]