City reacts with shock to Labour’s plans to part-nationalise BT November 14, 2019 The City reacted with shock tonight to Labour’s plans to part-nationalise FTSE 100 giant BT and promise free full-fibre broadband for every UK household. Labour unveiled the new £20bn policy late last night and said it would pay for its plan by levying a tax on tech giants such as Amazon, Google and Facebook. Chief [...]
National Grid beats half year expectations amid New York dispute November 14, 2019 UK energy supplier National Grid used its half year results to say that it is “confident” it would be able to address issues raised in a letter from New York governor Andrew Cuomo earlier this week. The company is facing the risk of losing its license to operate its gas franchise in New York City [...]
Support services group DCC post strong profit growth for first half of 2019 November 12, 2019 International marketing and support services group DCC have reported a 15 per cent growth in profit for the first half of 2019, with strong performances across its four divisions. The FTSE 100 company said the rise to £162.6m from £141.9m in 2018 was in line with expectations. Read more: Mr Kipling owner Premier Foods increases [...]
European stock markets cheered by soothing words from China on trade war August 29, 2019 European stock markets have been boosted this morning after the Chinese commerce ministry said it was in talks with the US over the two sides’ raging trade war. Read more: China announces measures to tackle trade war-driven slowdown Gao Feng, the ministry’s spokesman, said China was opposed to further escalations of the trade war and [...]
Global stock markets bleed red on US-EU trade war fears October 2, 2019 Global stock markets have plunged across the board today amid fears of a US trade war against Europe and a worsening economic picture. Read more: US factories suffer worst month since 2009 The World Trade Organization (WTO) this afternoon ruled that the US has the right to slap punitive tariffs on $7.5bn (£6.1bn) worth of [...]
US Election: Biden’s (almost certain) win: How it happened November 6, 2020 Live updates on the US Presidential Election 2020 as Donald Trump and Joe Biden go head to head. Rolling coverage as Americans vote.
From big hitters to big quitters: Three FTSE resignations surprise the City October 2, 2019 A trio of City big-hitters shocked the Square Mile this morning after revealing plans to resign from their companies. Tesco boss Dave Lewis, Standard Life Aberdeen fund veteran Martin Gilbert and Metro Bank chairman Vernon Hill all said today that they will be leaving their posts. The triple-whammy of surprise announcements was met with mixed [...]
Sterling edges back as markets await outcome of Brexit talks October 16, 2019 Sterling has slipped against the dollar and euro as traders nervously wait to see whether Britain can secure a last-minute Brexit deal with the European Union. The pound was 0.12 per cent lower against the dollar by 8.10am UK time, buying $1.275. It had fallen 0.29 per cent against the euro to buy €1.154. Sterling [...]
Hipgnosis adds Metallica and Michael Buble rights as it launches share sale January 21, 2021 Music royalties fund Hipgnosis has acquired the producer rights to a string of tracks by Metallica and Michael Buble as it announced a new share issue to help fund its non-stop buying spree. The London-listed firm has acquired 100 per cent of a catalogue of songs made by Canadian record producer and mixer Bob Rock. [...]
Easyjet and Marks and Spencer candidates for relegation in FTSE reshuffle June 2, 2019 Easyjet looks set to be the next company to fall out of the FTSE 100, with several others, including Marks and Spencer, nervously eyeing the drop ahead of the blue chip list’s reshuffle on Wednesday. The budget carrier has faced a turbulent time, which has pushed shares down 22 per cent in the last six [...]