Max Mara nearly doubles UK profit as ‘extraordinary’ market challenges ease July 11, 2024 The UK arm of luxury womenswear brand Max Mara has almost doubled its pre-tax profit despite what it described as a "highly uncertain" economic backdrop, newly-filed documents have revealed.
Retail investors snap up US bargains amid market turbulence March 2, 2022 Retail investors piled into US equities in the past week as they looked for bargains amid the market turmoil sparked by Russia’s invasion of Ukraine.
Germany suspends Nord Stream 2 pipeline as Russian troops push into Ukraine February 22, 2022 German chancellor Olaf Scholz has halted the approval process of the Nord Stream 2 pipeline as Russia ramps up tensions in Ukraine.
Oil prices up three per cent to nine-week high on supply concerns July 8, 2023 Oil prices climbed about three per cent to a nine-week high on Friday as supply concerns and technical buying outweighed fears that further interest rate hikes could slow economic growth and reduce demand for oil. Brent futures rose $1.95, or 2.6 per cent, to settle at $78.47 a barrel, while U.S. West Texas Intermediate crude [...]
The cryptocurrency fundraisers behind Ukraine’s military effort February 8, 2022 Ukraine's bitter stand-off with Russia is being part-funded by cryptocurrency donations, according to research by a blockchain analytics and data specialist.
BAE braced for demand boost in wake of war in Ukraine May 5, 2022 Defence giant BAE Systems said today it is expecting a surge in demand for its defence systems as Western nations ramp up spending in the wake of Russia’s invasion of Ukraine.
Oil pulls back as OPEC boss warns high prices are here to stay October 3, 2023 Oil prices have pared back from last month's rally, weighed down by a stronger US dollar and rising bond yields.
UK small nuclear competition: Rolls Royce in, Bill Gates snubbed October 2, 2023 Bill Gates' nuclear reactor design company Terrapower has not been shortlisted for the next round of the government's SMR competition.
Fund manager Ashmore sees six per cent profit drop on outflows September 6, 2023 Emerging markets-focused fund manager Ashmore (ASHM.L) reported a six per cent fall in annual profit on Wednesday and assets under management slumped by almost a quarter, as investors sought to curb risk amid choppy financial markets worldwide.
Oil and gas windfall tax increase may cost economy £13bn, trade body warns September 2, 2024 The government's changes to the windfall tax will have a £13bn hit to the economy, the sector's industry body has claimed.