Premier Inn owner Whitbread’s shares soar as business travel demand returns June 17, 2021 Premier Inn owner Whitbread confident in ‘post-lockdown bounce’ despite sales hit
Sunak says pensions triple lock remains government policy as he faces £4bn bill June 17, 2021 Chancellor Rishi Sunak has said the triple lock on pensions remains government policy after it emerged that he may have to spend £4bn more on pensioners from next year if he sticks to the pledge. Sunak was grilled on the issue in an interview with GB News, after ONS data published earlier in the week [...]
Pogba moves Heineken bottle a day after Ronaldo snub dents Coca-Cola shares June 16, 2021 France midfielder Paul Pogba removed a bottle of Heineken beer that had been placed in front of him at a Euro 2020 news conference. The snub came a day after Portugal captain Cristiano Ronaldo moved aside Coca-Cola bottles in a similar set-up, sending the company’s shares down by $4bn. Pogba removed the bottle when he [...]
Pre-Fed jitters keep US stocks below record highs at open June 16, 2021 US stocks opened just below record highs today as investors stayed on the fence ahead of potential hints from the Federal Reserve on when it would taper its monetary stimulus. The Dow Jones Industrial Average was down 0.1 per cent, while the S&P 500 opened flat, remaining near an all-time time. Meanwhile, the Nasdaq Composite [...]
Nine in 10 UK financial advisers would never recommend crypto or meme stocks June 16, 2021 More than nine in ten independent financial advisers (IFAs) in Britain would never recommend cryptocurrencies or so-called meme stocks to their clients, a poll showed today. Digital coins and meme stocks have soared in popularity as stay-at-home rules during the pandemic triggered an investment surge by non-professionals. Some 93 per cent of IFAs would never [...]
SMEs worried about access to finance as late payments rise, study shows June 16, 2021 SME bosses are concerned that access to finance will become harder over the next three years as they grapple with the late payment of invoices, according to new research. A study by MBH Corporation found that 40 per cent of SMEs believe applying for funding will become more difficult, while just 10 per cent expect [...]
UK inflation jumps to 2.1 per cent in May as clothing and fuel prices rise June 16, 2021 UK inflation jumped in May due to rising clothing and fuel prices, pushing it ahead of the Bank of England’s target, the Office for National Statistics (ONS) said this morning. The Consumer Prices Index (CPI) rose to 2.1 per cent in May, up from 1.5 per cent in April, beating economists’ forecast of a rise [...]
Cristiano Ronaldo snub wipes $4bn off Coca-Cola’s market value June 16, 2021 Cristiano Ronaldo’s removal of two Coca-Cola bottles during a Euro 2020 press conference has coincided with a £4bn fall in the drinks giant’s share price. The Portugal captain moved the Coke bottles away from him during a press conference in Budapest on Monday ahead of his country’s opening game against Hungary. Ronaldo proceeded to hold [...]
US stocks open near record highs while FTSE 100 stays in the green June 15, 2021 US stocks opened near record highs today as attention turned to the Federal Reserve for cues on whether a jump in inflation will prompt a tapering in monetary policy. The Dow Jones Industrial Average was up 0.1 per cent, while the S&P 500 opened flat, remaining near an all-time time. Meanwhile, the Nasdaq Composite was [...]
Deutsche Bank set for $1bn windfall on trader’s shipping bet June 15, 2021 Deutsche Bank is set to make up to $1bn on a long-shot bet on Israeli shipping firm Zim after its value surged following record-high global freight rates, according to a Bloomberg report. The bank’s distressed debt trader Mark Spehn had wagered less than $100m over the past five years on building a position in the [...]