Biffa eyes ‘steady recovery’ as revenues start to come back July 16, 2020 Waste management firm Biffa said it was seeing a “steady recovery” in demand for its services, with revenues last month recovering to 83 per cent of pre-coronavirus levels. In a trading update, the FTSE 250 firm said that its business had performed “slightly” better than expected over the last three months. However, it warned that [...]
Lockdown eased: Boris Johnson cuts two-metre rule to ‘one metre-plus’ June 23, 2020 The Prime Minister has announced that the two-metre social distancing rule will be relaxed from 4 July, when pubs, bars, cafes, art galleries, museums, hotels and cinemas are set to reopen after months of closure. Boris Johnson today said a dramatic fall in the rate of infection means “we can now safely ease the lockdown [...]
No-deal Brexit: The potential winners and losers October 15, 2019 As you read this, Brexit negotiators are working around the clock to come to an agreement that will enable the UK to leave the EU in an orderly way by the Halloween deadline. Both sides have said they are committed to working out a deal, but with time so short, nothing is certain. If they [...]
Old Mutual suspends chief executive Peter Moyo over ‘breakdown in trust’ May 24, 2019 Insurance giant Old Mutual has suspended its chief executive over what it termed a “material breakdown in trust”. Read more: Merian Global Investors boss steps down after Old Mutual spin off Peter Moyo is suspended with immediate effect, the board told investors this morning, with chief operating officer Iain Williamson stepping in to fill the [...]
FTSE risers and fallers: US-China breakthrough gives markets a pre-weekend boost January 18, 2019 The FTSE soared upwards today as China signalled it would be willing to break the impasse in relations with the US. The markets reacted well to reports that the country was offering to go on a six-year buying spree to ramp up US imports to over $1tn a year. Officials made the offer, which would [...]
The FTSE 100 hangs on to 7,300 but ends the day lower December 1, 2017 The UK’s bluechip index finished the week just above 7,300 after a steep drop late in the day. The FTSE 100 index ended down 0.36 per cent, or 26.18 points, at 7,300.49. “A 2.2 per cent, $64 per barrel-hitting surge from Brent crude, and subsequent gains from BP and Shell, helped the FTSE ignore the [...]
Saudi Arabia will not ‘immediately’ ramp up production to offset US sanctions on Iran – energy minister April 24, 2019 Saudi Arabia today said it will not “immediately” increase oil production after toughened US sanctions on Iran threatened to drive down global supply. Energy minister Khalid al-Falih said his country was not guided by global prices, which hit a 2019 record on Tuesday after the US ended exemptions from Iranian sanctions for eight countries which [...]
US and European stock markets diverge as trade war jitters continue August 7, 2019 US stock markets fell today and investors bought up so-called safe haven assets as central banks around the world slashed interest rates in response to slowdowns. Read more: China hits back after US labels rival a currency manipulator European stocks climbed, however, as deals in the German chemicals sector provided a welcome boost to equities [...]
So much for the Santa rally: FTSE 100 falls off record high December 22, 2017 The FTSE 100 has finished the day lower, having nudged a record high this morning. The bluechip index closed 0.15 per cent lower, at 7,592.66 points. Earlier in the day, it had risen to a record 7,611.75 points, up from yesterday’s closing high of 7,609.69. Before that, the last time it set a record was [...]
Airline and travel stocks take a hit following Ryanair profit drop May 20, 2019 Airline and travel stocks have taken a tumble following Ryanair's profit slide, which it blamed on Brexit uncertainty and stuff competition in Europe. Holiday firm Tui is the biggest faller on the FTSE 100 today, with its shares down 3.79 per cent at the time of writing. Easyjet shares were down just over two per [...]