FTSE 100 Live: City stocks rally after tech sell-off; Iran threatens ‘forceful response’ over Strait of Hormuz
Qantas drops order for eight Airbus superjumbo jets February 7, 2019 Australian airline Qantas has cancelled an order for eight Airbus SE A380 superjumbo jets, in the latest blow for the model. “Following discussions with Airbus, Qantas has now formalised its decision not to take eight additional A380s that were ordered in 2006,” a Qantas spokesman said. Read more: Boeing and Airbus to deliver $4.3bn worth of [...]
Superdry points finger at warm weather for cooling winter sales February 7, 2019 Superdry suffered a dip in sales over the crucial Christmas trading period, citing unseasonably warm weather for a fall in demand for the fashion group’s flagship Japanese winter hoodies. The British fashion group, which has seen its shares crash 70 per cent in the last 12 months, said its performance in the three months to [...]
Arcelormittal forecasts steel demand growth as it posts strong 2018 results February 7, 2019 Steelmaker Arcelormittal forecast that global steel demand will increase slightly this year as it announced boosted profits and revenue in its 2018 full-year results this morning. The figures Operating income was up 20.3 per cent to $6.5bn year on year and net income was $5.1bn, 12.7 per cent higher than 2017. Sales in 2018 were $76bn up [...]
UK house prices fall at the start of 2019 as Brexit uncertainty weighs on market, says Halifax February 7, 2019 UK house prices experienced their steepest drop for nine months in January as eyes turn towards the possible impact of Brexit on the housing market, figures released today showed. House prices dropped 2.9 per cent in January compared to December’s 2.5 per cent rise, Halifax house price index data revealed. That is just short of April's [...]
Tui shares plunge on cuts to earnings guidance following hot summer February 7, 2019 Shares in Anglo-German holiday company Tui plummeted this morning after it cut its earnings guidance for its full financial year last night, blaming the hot summer and the weaker pound. Its shares fell 18 per cent in early trading to 966p. Last night Tui said it expected underlying earnings before interest, taxes and amortisation (Ebita) [...]
Professional headshots can be a minefield – especially if you take them too seriously February 7, 2019 TAKE a look at that picture of me. No tie or jacket. Not even a shirt for that matter. Hair a little on the louche side. Facing the camera squarely. Chin jutting out a bit, if we’re honest. And pixels. Lots of pixels. It’s not a professional photo, either in standard or purpose. But it’s [...]
Bellway set for revenue bump despite Brexit jitters February 7, 2019 Bellway said this morning that it was expecting a rise is sales over the year ahead, despite echoing the cautious sentiment over Brexit from many of its peers within the property industry. Buoyed by demand for affordable homes and government schemes such as Help-to-Buy, Bellway said in a trading update this morning that it expected total [...]
Insurer Zurich boosts profit 20 per cent and hikes dividend February 7, 2019 Swiss insurance behemoth Zurich said today that it boosted operating profit 20 per cent to $4.6bn (£3.5bn) in 2018. It said it is "Well on track" to deliver on its 2017 to 2019 targets with $1.1bn in cumulative net cost savings achieved out of a target of $1.5bn its profitability and return on equity metrics [...]
If Trump reaches a hand across the aisle, Democrats would be wise to take it February 7, 2019 For a brief moment on Tuesday evening, the customary rancour of US politics was set aside in a most unusual spontaneous display. To everyone’s surprise, President Donald Trump’s delayed 2019 State of the Union speech – which had itself become a political football in the struggle between a Democratic House of Representatives and a Republican [...]
DEBATE: Should schools start later to help teenagers be more productive, as MPs will debate on Monday? February 7, 2019 Should schools start later to help teenagers be more productive, as MPs will debate on Monday? Will Williams, wellbeing adviser to the OECD, says YES. We must take steps to reverse the sharp decline of our children’s mental wellbeing, and starting the school day later would be a brilliant start. Teenagers should be afforded the opportunity [...]