Netflix shares sink as company announces halt in reporting subscriber tally, weak outlook April 19, 2024 Shares of Netflix took a sharp tumble of about 5 per cent as the market closed, spurred by the streaming video pionaeer's decision to cease disclosing subscriber numbers and prioritise viewer engagement metrics.
Badenoch accuses FCA of ‘overreach’ with diversity rules April 18, 2024 Kemi Badenoch has accused the Financial Conduct Authority of regulatory “overreach” on diversity and inclusion after the watchdog outlined plans to boost representation in the City.
FTSE 100 today: London shares poised for quiet start amid lingering concerns over US rates, Middle East tensions April 18, 2024 The US stock market was volatile, with Wall Street notching its first four-day losing streak since the start of the year. Asia stocks were mixed, while oil and gold prices surged due to Middle East tensions. Australia's March employment data disappointed, with all eyes now on Netflix earnings for further insight.
City minister dismisses calls to axe the share tax after top fintechs push for action April 16, 2024 The City minister doubled down on the Treasury’s contentious tax on share trading yesterday after a group of the UK’s top fintech firms called for the charge to be dropped.
FTSE 100 today: London shares to open lower amid fading US rate cut hopes, Middle East tensions April 16, 2024 Asian stocks faltered after Wall Street's tech slump, while oil prices surged due to Middle East tensions. China's Q1 GDP soared at 5.3 per cent, yet March's new home prices plummeted. Additionally, the yen hit its lowest level since 1990. Eyes are now on the UK employment data and Fed Chair Powell's speech.
China’s Q1 GDP exceeds expectations amid policy support, but all is not well April 16, 2024 China's economy surged by an impressive 5.3% in the first quarter, surpassing market forecasts and sparking optimism for a revival in manufacturing.
Equity markets shrug off geopolitical concerns after Iranian strikes April 15, 2024 Equity and commodity markets largely shrugged off geopolitical concerns following Iran's unprecedented drone strikes on Israel over the weekend.
Vitol, Gunvor and Trafigura say bribery is over – but reform will take more than words April 15, 2024 The chief executives of Vitol, Gunvor and Trafigura declared the era of bribery in the sector to be over last week. But Rhodri Morgan argues that it will take a lot more than words if the companies are serious about putting an end to corruption in the industry
FTSE 100 today: London markets brace for lower start amid Middle East geopolitical turmoil April 15, 2024 Asian stocks fell amidst Middle East tensions post Iran's attack on Israel, while gold rose as a safe haven. Oil and Bitcoin saw declines. Investors are watching UK CPI, US retail sales, and earnings from Goldman Sachs, Bank of America, Blackstone, American Express, and Netflix.
AIM-listed biotech firms face crunch votes on London Stock Exchange exits April 14, 2024 Redx Pharma and C4X Discovery have scheduled general meetings this week to vote on proposals for delisting from the London Stock Exchange.