M&C Saatchi profit slumps amid Iran war warning and ‘softer’ UK market Markets Advertising firm M&C Saatchi expects the Iran war to deal a blow to its sport and entertainment business, and revealed a profit slump for last year. For the year to December 2025, profit tumbled by 34 per cent to £19m. Revenue dipped by more than seven per cent to £205m. The firm, whose chief executive [...]
Magnum only scoops €8bn valuation on stock market debut Retail Unilever’s demerged Magnum Ice Cream Company netted a €7.8bn (£6.8bn) valuation on its stock market debut, heavily undershooting early analyst expectations at an initial public offering overshadowed by a long-running spat with the founders of Ben & Jerry’s. Shares in the ice cream group, which also owns the Cornetto and Wall’s brands, opened 60 cents [...]
FTSE 100 and S&P 500 circle record highs as US shutdown cools Markets Global markets sprung back to life on Monday after AI jitters and the US government shutdown helped trigger widespread sell-offs last week. The S&P 500 – which tracks the 500 leading companies listed on stock exchanges in the United States – jumped over one per cent to 6,804.80p at Wall Street’s opening bell. The tech-heavy [...]
JP Morgan bulks up financial cushion as Dimon warns of uncertainty October 14, 2025 JP Morgan has bulked up its financial cushion against loan losses as chair Jamie Dimon warns of heightened risk and global uncertainty. The lender set aside an additional $810m (£610.2m) to cover potential losses from unpaid loans. This defensive money consisted of $608m earmarked for consumer loans – such as credit cards and mortgages – [...]
‘Storm of volatility’ carries gold past $4,000 per ounce October 8, 2025 A flurry of political drama across several major economies has stoked already existing fears around ballooning sovereign debt to fuel gold’s rise this year, market strategists have said, after the precious metal shot past $4,000 per troy ounce for the first time in its history on Wednesday. Analysts said the ongoing political impasses in France [...]
US government shutdown to delay crucial economic data October 2, 2025 The United States government shutdown has caused federal statistics agencies to stop producing economic reports, sparking fears Federal Reserve officials will be deprived of crucial data in the run-up to one of the most eagerly anticipated interest rate decisions in recent history. Funding for America’s federal services and government departments was halted on Wednesday, causing [...]