Coca-Cola toasts vintage 2019 as drinks maker beats expectations January 30, 2020 Coca-Cola’s trademark soft drink proved its timelessness today as the firm said sales of the drink had helped it beat revenue expectations in the final quarter of 2019. Although the firm has been putting increasing focus on expanding its range of coffees, teas and low-sugar drinks, its most famous product saw its value grow six [...]
H&M appoints new CEO in boardroom reshuffle January 30, 2020 H&M has announced the appointment of a new chief executive following a boardroom reshuffle sparked by the exit of chairman Stefan Persson. Shares jumped more than nine per cent after the Swedish retailer said it has appointed Helena Helmersson as its new chief executive as the company’s current boss steps into the role of chairman. [...]
Law firms lead Stonewall’s top LGBT-inclusive employers January 30, 2020 City law firms are some of this year’s most inclusive employers for the LGBT community, with 15 topping Stonewall’s employers of the year. Legal organisations were the second most inclusive sector, with fifteen firms on the list. Last year’s winners Pinsent Masons topped the private sector employers at fourth place. Mayer Brown and the Solicitors Regulation [...]
Mike Pompeo warned of Huawei risk ahead of Raab meeting January 29, 2020 Foreign secretary Dominic Raab met with Pompeo this evening to discuss co-operation between the two countries but Huawei did not feature in their discussion. The US Secretary of State Mike Pompeo called for the UK to “relook” at the decision to allow Huawei to have a role in its 5G infrastructure earlier today. The “special [...]
Tesla shares hit record high after beating revenue and profit estimates January 29, 2020 Tesla shares soared after reporting fourth quarter revenue and profit which beat analysts’ estimates. The company said its Model 3 and Model Y electric sport utility vehicle capacity should reach 500,000 units per year in the Fremont factory, sending it shares up 13 per cent in after hours trading above $655. Tesla’s stock has more [...]
Exchange-traded funds: why you need to ‘know what you own’ January 28, 2020 | City Talk Do exchange-traded funds (ETFs) pose systemic risk? Or are such concerns exaggerated? It’s been more than 10 years since the outbreak of the global financial crisis, and the bull market (the longest ever) is in late-cycle territory. This combination of concern over the next downturn – what could set it off, spread it, or push [...]
Asian markets in the red as coronavirus fears rise January 27, 2020 Asian stock markets fell overnight as the death toll from the coronavirus outbreak in China rose to 81 and fears mounted that it could soon cause fatalities elsewhere. Japan’s Nikkei index dropped two per cent, Indonesia’s Jakarta composite index fell 1.5 per cent and India’s S&P BSE Sensex fell 0.5 per cent. The growing death [...]
Alternative assets investment trust launches £200m UK float January 27, 2020 An investment trust focused on alternative assets and asset managers today outlined plans for a £200m float in London, claiming to offer a new model for investors to access the sector. Cabot Square Alternatives (ALTS) will invest directly in a portfolio of infrastructure, property, and specialist debt, as well as in asset managers managing these [...]
World’s biggest banks pushing for £4bn post-Brexit tax cuts to boost the City January 25, 2020 Some of the biggest banks in the world are set to demand tax cuts of up to £4bn per year following Brexit, having paid the Treasury tens of billions in additional levies since the financial crisis. Banks want the government to show its support for its “Global Britain” slogan by convincing global financial giants to [...]