FTSE 100 outperforms global peers as Wall Street opens lower May 12, 2021 London’s FTSE 100 rebounded today after stronger-than-expected GDP data bolstered optimism about a sharp economic recovery. The blue-chip index rose 0.9 per cent this afternoon, with drinks giant Diageo adding 4.1 per cent after forecasting profit growth and restarting its capital return programme. Elsewhere, Wall Street’s main indexes opened lower this afternoon after better-than-expected inflation [...]
FTSE 100 slides after ECB reins in stimulus September 9, 2021 London’s FTSE 100 slid to its lowest level in almost a month during opening exchanges this morning, before paring back losses in the afternoon session as investors digested news the European Central Bank (ECB) will tighten policy soon. The capital’s premier index sank 0.84 per cent to 7,036.05 points. The ECB announced today it will [...]
Scottish Mortgage manager James Anderson to leave firm next year March 19, 2021 James Anderson has announced he will step down as manager of Scottish Mortgage Investment Trust next year after more than two decades at the helm. Baillie Gifford, which runs the investment trust, said Anderson will step down on 30 April 2022 and the trust’s co-manager Tom Slater, who joined in 2015, will continue to run [...]
Complete immersion in Belize March 22, 2022 There is a human skull half-submerged in the mud at my feet. Through the damp gloom, I can just make out other bones, scattered across the floor. Luckily, I haven’t stumbled upon a gruesome murder scene, but the truth is almost as chilling. This is an ancient Mayan ceremonial cave, buried deep within the jungle [...]
BA owner IAG to power a tenth of flights with sustainable fuels by 2030 April 22, 2021 British Airways owner IAG has today committed to powering 10 per cent of its flights with sustainable aviation fuels by 2030. The carrier group said that doing so would remove 2m tonnes from its annual emissions footprint, which it equated to taking 1m cars from the road per year. It is the first European airline [...]
Virgin Atlantic launches two ‘vaccine passport’ trials March 26, 2021 Virgin Atlantic today said that it would launch two parallel digital health certificate – or “vaccine passport” – trials as more carriers turn their attention to restarting international travel. The Sir Richard Branson-founded airline said it would trial global aviation body IATA’s smartphone app on trips from the UK to Barbados from 16 April. It [...]
FTSE 100 tumbles as inflation concerns mount February 22, 2021 London’s FTSE 100 tumbled 0.68 per cent today by midday, as higher commodity prices sparked fears of a spike in inflation. The fall was led by declines in consumer staples and industrials stocks, as investors awaited Boris Johnson’s plan for a phased easing of business restrictions. The prime minister will plot a path out of [...]
Higher than expected inflation clip drags London markets down September 15, 2021 London’s FTSE 100 dipped today, driven lower by a higher than expected inflation clip in August fuelling concerns the Bank of England may rein in stimulus measures sooner than forecast. The capital’s premier index closed down 0.25 per cent to 7,016.49 points, while the mid-cap FTSE 250 finished 1.07 per cent to lower, dropping to [...]
Jupiter Fund Management’s assets hit record high despite steep outflows February 26, 2021 Jupiter Fund Management reported record assets at year-end offsetting an increased level of outflows over the year. Assets under management (AUM) finished the year at £58.7bn, slightly ahead of the consensus £57.8bn. The fund manager was no doubt boosted by the defensive acquisition of Merian Global Investors for £390m last July, which added £16.6bn of [...]
Boris Johnson aiming for cheap and easy travel testing system April 6, 2021 Boris Johnson has today said that he wants the testing system for international travel to be cheap and easy, after concerns were raised about the current cost of such arrangements. Under current plans, international travel is set to restart again on 17 May, although the government has warned that the date could yet be pushed [...]