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 [...]
TDR Capital aims for bullseye with £540m Arrow offer February 8, 2021 Private equity firm TDR Capital has made a fourth offer for European investor and asset manager Arrow Global. The offer stands at a price of 305 pence per share, TDR said on Monday. Shares in Arrow rose 29 per cent to 298 pence following the bid, which would value the company at around £540m. The [...]
Tate & Lyle shares pop as historic firm mulls break-up April 26, 2021 Shares in Tate & Lyle jumped this morning after the firm confirmed that it had put its sweeteners division up for sale after reports it was mulling a break-up of its operations. Shares in the historic foodstuffs brand rose 6.4 per cent this morning as the sale passed the smell test. In a statement yesterday, [...]
Plus500 plots share buyback as profit soars on record performance February 17, 2021 After a record performance in 2020, online trading platform Plus500 is planning a further buyback program of up to $25m of its shares. Plus500 reported a pretax profit of $523.3m up from $189.3m the previous year with revenue rising 146 per cent to $872.5m. Shares dipped 0.9 per cent this morning. The FTSE 250-listed company [...]
Asian stock markets buoyant despite rising trade tension August 16, 2019 The main Asian stock markets have climbed overnight despite the raging US-China trade war after Beijing hinted at stimulus for its economy. Read more: Markets drop as US and China enter fierce war of words Investors’ spirits were lifted after China’s state planning office said it would act to increase disposable income. China’s Shanghai composite [...]
British Airways boss says electric planes idea won’t fly until 2050 October 17, 2019 The boss of British Airways has thrown doubt over predictions electric planes could enter service over the coming decades. Alex Cruz, BA’s chief executive, said there was “limited opportunity” for electric aircraft entering the market up until 2050. When pressed on the matter, he said BA had consulted with academics and come to the conclusion [...]
European stocks have worst day in two months after fresh Donald Trump tariffs December 2, 2019 European stock markets suffered their biggest fall in two months today, after US President Donald Trump slapped tariffs on Brazil and Argentina and fears were raised over a trade-war escalation with China. Britain’s FTSE 100 finished 0.8 per cent down, hitting a one-week low. Germany’s Dax index and France’s CAC 40 both tumbled two per [...]
Asian stocks climb as Chinese manufacturing PMI beats expectations December 2, 2019 Major Asian markets showed gains on December’s first trading day after a welcome surprise from Chinese factory data. The Nikkei 225 rose one per cent on Monday, its highest increase in a month, as data showed that Chinese manufacturing and domestic demand grew, suggesting Beijing’s stimulus measures are beginning to have an effect. Read more: [...]
Slow start for Bitcoin, but cryptocurrency is outpacing stocks and shares January 5, 2022 Bitcoin is up one per cent to just below $47k, while second-largest cryptocurrency Ethereum is up 1.5 per cent to around $3,800.
Neil Woodford one year on: How the star stock picker fell from grace May 28, 2020 Former star stock picker Woodford suffered a very public fall from grace last year after his flagship Equity Income fund was suspended following a spike in investor redemptions. One year on, we look at what caused Woodford’s demise, where he is now and what it means for the investment industry going forward. Who is Neil [...]