FTSE 100 closes lower as the pound sterling (GBP) rises and company results disappoint February 23, 2018 The UK’s blue-chip index closed slightly lower today as investors picked apart a string of companies’ full-year results. There were a couple of reasons for the FTSE’s decline today though, according to Connor Campbell, a financial analyst at Spreadex. “Primary among them was the fact sterling found itself 0.2 per cent higher against the dollar [...]
Astrazeneca boosts revenue but misses first vaccine delivery target November 5, 2020 Pharma giant Astrazeneca has seen its sales and revenue rise for the year to date despite the ongoing disruption from the coronavirus pandemic. The FTSE blue-chip said that revenue increased eight per cent to £19.2bn in the first nine months of the year, while sales rose nine per cent. The company, which is working with [...]
Neil Woodford offloads stake in Eurocell amid fire sale August 6, 2019 Neil Woodford has sold off his entire stake in Eurocell as the under-fire stockpicker battles to shore up the health of his own troubled equity income fund. The former star investor dropped his 16 per cent holding in the plastic window and door firm Eurocell last week, ramping up his fire sale after a torrid [...]
Stock markets rise after Germany hints at stimulus August 19, 2019 European stock markets have risen sharply after opening and bond yields have fallen as investors react to the news that Germany could inject some stimulus into its stalling economy. Read more: US stock markets jump after China hints at stimulus Germany’s Dax was the biggest riser, climbing 1.2 per cent in early trading. Meanwhile the [...]
City Moves for 21 May – Who’s switching jobs at Cazoo, Invesco and Headland? May 21, 2019 Today's City Moves includes Cazoo, Invesco and Headland. Cazoo Cazoo has announced Alex Gersh, formerly chief financial officer (CFO) of Paddy Power Betfair, has joined as its first CFO. Having raised over £30m late last year, Cazoo is seeking to transform the used car market in the UK. Alex joins Cazoo after spending 6 years [...]
M&S clothing boss steps down as CEO takes over role July 11, 2019 Marks & Spencer head of clothing Jill McDonald is leaving the company and is set to be replaced by chief executive Steve Rowe. McDonald, the former chief executive of cycling retailer Halfords, joined the high street giant less than two years ago. Read more: M&S seeks to persuade investors of Ocado deal benefits Sky News, [...]
RBS to rebrand as Natwest as bank posts £4.2bn profit under new boss Alison Rose February 14, 2020 Royal Bank of Scotland reported profit of £4.2bn for 2019 today, beating its financial targets as new boss Alison Rose outlined a rebrand of the bank to its Natwest name. But RBS’s share price sank 6.4 per cent to lead the FTSE 100 fallers today. Traders reacted badly to a cautious outlook on growth amid [...]
Bitcoin’s return to form continues as global markets recover December 7, 2021 Bitcoin continued its steady recovery yesterday. It’s currently changing hands for more than $51k, up eight per cent over the past 24 hours.
Trump announces tariff hikes as US-China trade war escalates August 24, 2019 Donald Trump has hit back at China by announcing plans to increase the tariffs on imports by a further a five per cent. The trade war between the US and China escalated further on Friday, with China revealing plans to hit $75bn of US goods with duties. Read more: Trump tirade against China sends stock [...]
Covid vaccine: 138,000 people in UK get Pfizer jab in first week December 16, 2020 Almost 138,000 people in the UK received the coronavirus vaccine last week, the government has announced, after ministers came under pressure for failing to track the details of the vaccination programme. Tweeting the figures this morning, newly-appointed vaccine tsar Nadhim Zahawi said: “A really good start to the vaccination program.” Zahawi said the number of [...]