FTSE 100 and US stocks jump after strong Chinese industrial data September 15, 2020 The FTSE 100 rose sharply and US stocks opened higher as investors reacted well to stronger-than-expected economic data from China. Britain’s main stock index was up nearly one per cent during the afternoon session at 6,085 points. The FTSE 250 index – which is made up of slightly smaller firms – climbed 0.6 per cent. [...]
Global oil demand set to fall as coronavirus recovery stalls September 15, 2020 The International Energy Agency (IEA) today reduced its forecast for global oil demand for the year, saying that the continued uncertainty caused by coronavirus shows little sign of abating. Oil markets have been rocked by unprecedented volatility this year, with the near-total shutdown of air travel and other restrictions on economic activity sending demand plunging. [...]
Rishi Sunak hints at potential targeted furlough scheme extension September 15, 2020 Rishi Sunak has assured MPs that he will be “creative” in protecting jobs after the furlough scheme ends, potentially hinting at a limited extension of the emergency measure. When asked if he would provide sector specific sectoral support after the end of the furlough scheme next month, the chancellor said he had “not hesitated to [...]
UK unemployment: Experts say job losses to jump as furlough ends September 15, 2020 UK unemployment has finally started rising. Months of economic hardship and the winding down of the furlough scheme meant 695,000 people lost their jobs between March and August, according to payroll data. The Office for National Statistics (ONS) said the unemployment rate rose to 4.1 per cent in the three months to July. That was [...]
Coronavirus: 700,000 jobs lost since March September 15, 2020 Almost 700,000 workers have lost their jobs since the coronavirus pandemic began in March, according to the latest government statistics. The HM Revenue and Customs and Office for National Statistics data showed early indicators for August suggest that the number of employees in the UK on payrolls was down around 695,000 compared with March. The [...]
US stocks jump but FTSE 100 stalls amid dealmaking frenzy September 14, 2020 US stocks jumped but the FTSE 100 fell as investors digested a set of high-profile deals that would change the corporate landscape in the UK, US and China. Wall Street’s tech-heavy Nasdaq index gained 2.1 per cent in early trading. The S&P 500 rose 1.7 per cent and the Dow Jones climbed 1.3 per cent. [...]
Switzerland’s Six takes lead in race for LSE’s Borsa Italiana September 14, 2020 Switzerland’s Six exchange has put in the highest bid so far for London Stock Exchange’s Borsa Italiana, according to a report, putting it ahead of France’s Euronext and Deutsche Boerse. The bid valued Borsa Italiana – Italy’s only stock exchange – at around €3.5bn-€4bn (£3.2bn-£3.7bn), a source told Reuters. The London Stock Exchange (LSE) snapped [...]
Thinking about trading? 5 things you should know – How do you become a good trader? September 14, 2020 | Sponsored Entering the world of trading can at times seem daunting. Understanding the language, learning new technical skills, trusting yourself with your hard-earned money. The considerations one has to make to execute a trade put many off ever bothering. But with the right guidance, advice, and counsel, making that first trade needn’t be a shot in [...]
Eurozone industrial production grows as recovery continues September 14, 2020 The Eurozone’s factories fared slightly better in July than economists had expected, with industrial production growing 4.1 per cent as the bloc’s economic recovery continued. July’s expansion compared to growth of 9.5 per cent in June, however. And economists say the Eurozone’s recovery is set to slow further after an initial release of pent-up demand [...]
Fifty years on, Friedman was right: businesses answer to shareholders September 14, 2020 Yesterday marked fifty years since the publication of one of the most important articles in business history, written by Milton Friedman, the pint-sized American economist, and published in the New York Times. Friedman’s article had a simple argument but one with a profound impact. “There is one and only one social responsibility of business,” he [...]