US stock markets rise as Federal Reserve enters spotlight August 21, 2019 US stock markets have risen in early trading as investors hope for dovish signals from the Federal Reserve and retailers beat expectations. Read more: Germany sells 30-year bond with negative yields but demand weak Shares in giant general store chain Target surged over 18 per cent after the retailer beat profit expectations. Shares in DIY [...]
Leaving EU behind: The potential winners and losers from a soft Brexit deal April 25, 2019 After three failed votes, Prime Minister Theresa May has another six months to get her Brexit deal through the House of Commons. Despite her securing an extension from the EU, the Brexit deadlock seems as intractable as ever. Still, some form of soft Brexit remains a likely option, so it’s worth exploring the potential impact [...]
Galliford Try joins the Winters of discontent October 31, 2019 Standard Chartered, Lloyds Banking Group, Aviva and BT Group: even the Investment Association (IA) must have been surprised by the rich seam of targets it uncovered when it launched a campaign to curb the lavish pension perks enjoyed by the chief executives of listed companies. A quarter of FTSE 100 bosses have seen their pension [...]
Online car dealer firm Auto Trader announces board shakeup with retirement of CEO April 29, 2019 Online car ad group Auto Trader has promoted its finance boss as its new chief executive following the decision of the incumbent Trevor Mather's decision to retire. Mather will retire from the positions of CEO and director on 31 March 2020, allowing Nathan Coe, who is the current chief operating and financial officer, to take [...]
Will easyJet share price rally be sustained? October 4, 2019 British no-frills airline easyJet will release its next trading statement on 8 October, and with Thomas Cook’s collapse still fresh in everyone’s mind, will easyJet perhaps see some increased booking numbers? The rise of DIY holidays, where individuals create their own packages rather than rely on tour operators, has already helped easyJet, as has the push [...]
B&Q owner Kingfisher appoints Carrefour exec as new boss June 27, 2019 B&Q owner Kingfisher today said it has appointed Thierry Garnier as its new chief executive as the home improvement chain looks to turn around its ailing fortunes. Garnier, who has held senior roles at French retail giant Carrefour over the last 20 years, will join the DIY group in the autumn. Read more: B&Q owner [...]
Donald Trump says China talks going well and turns fire on EU September 3, 2019 US President Donald Trump has said his country is “doing very well” in its negotiations with China and urged Beijing to reach a deal before the 2020 presidential elections. Read more: US-China trade war escalates with fresh tariffs He said that if a trade deal was still under discussion and he won the election, he [...]
Stock markets edge up after US and China call trade talks ‘constructive’ July 31, 2019 Both Washington and Beijing have described a round of trade talks as “constructive”, pushing global stock markets tentatively higher. Read more: Stock markets slide as Donald Trump lashes out at China before key meeting The White House said China had confirmed a commitment to buy agricultural products following the talks, which took place in Shanghai [...]
Sterling resumes fall as Brexit debate takes bizarre turn August 7, 2019 Sterling has resumed its fall against the dollar on no-deal Brexit fears as the Queen was dragged into the acrimonious debate about Britain crashing out of the European Union. Read more: Dominic Cummings squares off over Dominic Grieve’s Brexit threat The pound had fallen 0.2 per cent against the dollar by 12.50pm UK time to [...]
European stocks back in red on China trade threat to US August 15, 2019 European stock markets have fallen firmly into the red after China’s finance ministry said the government has to retaliate against the latest US tariffs on $300bn worth of its goods. Read more: Recession warning lights flash red as UK and US ‘yield curves’ invert The ministry also said the move by US President Donald Trump [...]