Eurozone inflation ratchets up to 13-year high October 1, 2021 Inflation in the Eurozone soared to a 13-year high last month, posing more headaches for the European Central Bank. Prices in the 19 countries sharing the euro rose to 3.4 per cent annually in September from 3 per cent a month earlier, the highest reading since September 2008. The inflation clip came in ahead of [...]
Jefferies sets the mood for Wall Street’s quarter with record revenues October 1, 2021 Jefferies reported record revenues for the third quarter and said its dealmaking backlog for the fourth quarter had also reached new heights, in the first results of the season from Wall Street. Total revenues for the quarter hit a record $1.38bn, up 78 per cent from the $777m reported in the same period a year [...]
Can EVs really handle a family holiday? October 1, 2021 | City Talk Electric vehicles (EVs) have enjoyed soaring sales in recent years but there are still many EV doubters out there, not least because of the charging infrastructure. Among them is Allegra Stratton, the UK government’s spokesperson for the upcoming COP26 climate summit. She made headlines by saying she couldn’t use an EV because stopping to recharge [...]
AO World shares plummet 17 per cent as EBITDA dips October 1, 2021 Leading online electrical retailer AO World has seen its share price plummet after publishing lukewarm post close trade results. AO World’s share price slipped by 17.57 per cent compared to yesterday’s close price with shares trading at 179.2p after the company revealed that supply chain disruption had affected intake in the first half of the [...]
Greencore lifts profit expectations following strong Q4 performance October 1, 2021 Convenience food manufacturer Greencore Group has lifted expectations for its full year financials amid surging demand for food to go. On the back of strong Q4 results for 2021, which saw revenues climb 27 per cent year on year, the company said it anticipates operating profit for FY21 to be towards the upper end of [...]
With S&P 500 down 4.8 per cent, September counted the worst losses since March 2020 October 1, 2021 September counted the worst monthly losses since the beginning of the pandemic, with stocks on Wall Street falling broadly yesterday. The S&P 500 ended the month 4.8 per cent lower, its first monthly drop since January and the biggest since March 2020, when the viral outbreak rattled markets as it wreaked havoc with the global [...]
Markets remain: US averting a shutdown does not resolve debt ceiling issue October 1, 2021 The US government won’t be shut today, as Joe Biden signed a funding bill that should keep the US government agencies running until 3 December. But that doesn’t resolve the whole debt ceiling issue, nor avert the risk of an eventual US default, commented Ipek Ozkardeskaya, Senior Analyst at Swissquote this morning. Treasury Secretary Janet [...]
Hospitality sector urges Chancellor to freeze VAT at current rate to aid recovery October 1, 2021 Hospitality bosses have called on the Treasury to introduce a permanent lower rate of VAT to aid pubs and restaurants’ Covid recovery. The tax on pubs and restaurants rose from 5 per cent to 12.5 per cent today, following the temporary reduction introduced during the coronavirus pandemic. The Treasury’s goal is to return the tax [...]
VAT for hospitality to rise to 12.5 per cent tomorrow September 30, 2021 Hospitality bosses have called for a freeze on increases to VAT, as the tax on pubs and restaurants will rise to 12.5 per cent tomorrow. The 12.5% rate will replace the reduced 5% rate that has applied to hospitality businesses since July 2020. It marks a step in the Treasury’s goal to return the tax [...]
Oxford Nanopore soars on London debut, touching £5bn September 30, 2021 Shares in genome sequencing company Oxford Nanopore rocketed as much as 45 per cent this morning after its IPO, in the best-ever London market debut for a company of its size. Oxford Nanopore shares were trading at 619p per share at market open, pushing its market cap up to £4.93bn – significantly higher than the [...]