Lego profits tumble as pandemic playday comes to an end August 30, 2023 The Lego Group has suffered a steep fall in profits, figures from its half year results show, as demand for the plastic bricks maker showed signs of dwindling amid a tough economic climate. Operating profit at the children’s toy brand reached DKK 6.4bn (£740m) during the first half of the year, down considerably from DKK [...]
What you need to know about China’s new bank rules — and why experts are calling for more stimulus January 24, 2024 Markets have been digesting the latest attempt by Chinese policymakers to inject some life into China's flatlining economy.
Moving markets today: What’s shaping the FTSE 100 this morning February 9, 2024 S&P 500 inches closer to 5,000, Japanese stocks hit 34-year high, Arm shares surge 55%, Oil prices rise as Israel rejects ceasefire proposal, focus on PepsiCo earnings and Fed commentary.
Explained: The UK’s Chinese electric vehicle insurance quandary April 30, 2024 Chinese electric cars are expected to flood the UK market and there is a growing nervousness among insurers that premiums could soar in response.
Moving markets: What’s shaping the FTSE 100 today November 14, 2023 Chinese bank loan data and UK jobs numbers will shape much of the FTSE 100 and markets action this morning
IQE: ‘Weak’ global demand hits chipmaker’s bottom line September 12, 2023 IQE are delivering their wireless products to Chinese Wi-Fi suppliers to tap into growing smartphone markets in China and India.
Hong Kong stock exchange operator to open London office March 2, 2023 Hong Kong Exchanges and Clearing (HKEX) confirmed today that it will open an office in London in the first half of 2023. It said the new office will expand the group’s international reach and promote greater global connectivity. HKEX chief executive Nicolas Aguzin, said: “HKEX has strong ties with the financial community in London through [...]
Volkswagen: China sales remain on par with 2021 as Covid and shortages continue November 22, 2022 Volkswagen forecasts China sales in 2022 to be on par with last year’s levels as the impact of the pandemic and of semiconductor shortages lingers on. The automotive manufacturer told German business newspaper Handelsblatt it was expecting to deliver 3.3 million vehicles – 14.3 per cent down from previous expectations. “This corresponds to a market [...]
Moving markets: Five things shaping the FTSE 100 today November 7, 2023 Aussie bank hike, Chinese exports fall and central bankers opine on rates: What's moving markets and the FTSE 100 today
Can’t beat them? Join them. European automakers rev up stakes in Chinese EV makers October 30, 2023 European automakers are revving up their stakes in Chinese electric vehicle makers in a bid to crack the market amid cut-throat competition.