Prudential outlines demerger date as first-half profits rise August 14, 2019 Britain’s biggest insurer Prudential said this morning that its highly-anticipated demerger will take place later this year, as it also reported a double-digit rise in profits for the first half of 2019. Plans to separate the firm’s UK business, M&GPrudential, from its Asian and US operations were confirmed by the group’s management team this morning, [...]
US pulls back from applying fresh tariffs to Chinese tech goods August 13, 2019 The Trump administration has pulled back from slapping tariffs on certain products from China such as laptops and mobile phones, providing relief for jittery global investors. Read more: Tariffs hurting US manufacturers, says Trump’s ex-economic adviser At the start of the month the US announced it would apply 10 per cent tariffs to $300bn of [...]
Anglo American on track for 2019 targets as production rises July 18, 2019 Anglo American increased its production by two per cent in the second quarter, it announced today, aided by a ramp up in its Brazilian iron ore operations. Read more: Anglo American gears up for takeover fight with mining tycoon Anil Agarwal Yet diamond production at the FTSE 100 firm’s De Beers unit dropped 14 per [...]
Rolls-Royce shares drop after ‘hailstorm’ of jet engine fragments cause chaos in Rome August 12, 2019 A “storm of steel and iron” raining down on people in a busy suburb of Rome over the weekend sent engine maker Rolls-Royce’s market value tumbling more than half-a-billion pounds today. Romans were forced to take cover on Saturday as hot fragments of metal fell from a Boeing 787 Dreamliner jet flying over the Fiumicino [...]
Will Tesco’s earnings drive further share price gains? September 27, 2019 Tesco PLC reports earnings its first-half results on 2 October. The UK’s largest supermarket group is expected to report earnings of 7.5 pence per share, up 17.2 per cent on the year, while revenues are set to remain flat at £31.7 billion. Pretax profit is forecast to be £944 million. Tesco’s outlook is clouded by the [...]
Liz Truss apologises as more breaches of Saudi arms ban come to light September 26, 2019 Britain’s international trade secretary has apologised for the second time this month for approving arms sales which could be used in the war in Yemen, after it emerged the government made two further breaches of a pledge not to do so. Ministers promised in June to stop green-lighting export licences to Saudi Arabia and its [...]
Tickr: We don’t want to be a socks and sandals, preachy investment platform February 10, 2021 Everyone has something to say about ESG or “impact” investing these days. It has become the go-to buzzword for corporate firms and investment platforms. But unlike platforms that have added socially responsible features, London-based Tickr launched with a sole purpose of “impact investing”. Founded in 2018, Tickr aims to demystify sustainable investing and only offers [...]
Office space provider IWG revenue drops as it closes sites November 3, 2020 Office landlord IWG has posted a decline in revenue over the third quarter as it continued to close sites due to the “unprecedented storm” of the coronavirus pandemic. The FTSE 250 firm posted a 14.3 per cent drop in revenue to £583.3m in the three months to the end of September and warned support measures [...]
Sterling falls as doubts emerge over cross-party Brexit talks April 16, 2019 Sterling fell after reports emerged that Labour leader Jeremy Corbyn had said talks with the government were stalling, although the party has slapped down the claim. Read more: Tusk says he still dreams of UK U-turn on Brexit A falling pound sent the FTSE 100 to a six-month high, as investors responded to the news [...]
FTSE 100 follows Asia and Wall Street in third day of global equity rout February 6, 2018 The FTSE 100 plunged as trading opened at the London Stock Exchange, following the lead of equity markets in Asia and Wall Street in a third day of turmoil. The FTSE 100 lost 3.5 per cent at the open, before recovering to a loss of just under two per cent at the time of writing. [...]