Sterling falls to eight-week low as traders take in Prime Minister Theresa May’s newly granted Article 50 powers March 14, 2017 Sterling has wiped out all of yesterday’s gains against the dollar as traders take in the imminent triggering of Article 50. Prime Minister Theresa May last night gained the consent of Parliament to start the process of leaving the EU. The pound fell to its lowest point since mid-January to reach lows of $1.2110 against [...]
Ocado share price rises as it delivers steady sales growth but eyes sterling currency movements March 14, 2017 Grocery delivery company Ocado reported increased sales but said it remains vulnerable to changing price pressures and currency movements. Shares rose by more than 1.5 per cent at the open before paring some gains. The figures Gross retail sales grew by 13.1 per cent in the quarter to February, matching last quarter’s growth to reach [...]
Toshiba misses another results deadline raising prospect of delisting from Tokyo Stock Exchange March 14, 2017 Toshiba has added to investor woes after the Japanese giant missed another deadline for filing results. Toshiba said in a statement it needed more time as it was investigating “alleged occurrence of inappropriate pressures by certain senior managers” surrounding the purchase of CB&I Stone & Webster, a nuclear construction company, by its Westinghouse Electric subsidiary. [...]
Britain’s growth prospects upgraded by the British Chambers of Commerce (BCC) March 14, 2017 The UK economy has received another forecast upgrade as the British Chambers of Commerce (BCC) becomes the latest to predict growth will be faster than previously expected this year. The economy will expand by 1.4 per cent this year, the BCC says, faster than the 1.1 per cent rate predicted in December. The upgrade in [...]
Mario Draghi says Eurozone should make it easier for companies to fail to boost productivity March 13, 2017 European Central Bank (ECB) president Mario Draghi has said the Eurozone should make it easier for companies to fail in order to allow stuttering productivity in the region to accelerate, while his criticised the deregulatory impulses of Donald Trump in a thinly veiled attack. He said: “Ensuring that failed firms are able to smoothly exit [...]
Sterling sustains strength as First Minister Nicola Sturgeon signals second Scottish referendum March 13, 2017 Markets have stayed steady despite First Minister Nicola Sturgeon announcing she will seek a second referendum on Scottish independence. Against the US dollar sterling was broadly unchanged at the time of publication, sustaining gains of around 0.48 per cent, after reaching highs of $1.2240. The FTSE 100 meanwhile did not give up any gains, remaining [...]
Nicola Sturgeon announces she will seek second referendum on Scottish independence March 13, 2017 Scottish first minister Nicola Sturgeon has announced she will seek a second referendum for Scottish independence. Sturgeon will go to MSPs next week to seek approval for a referendum between the autumn of 2018 and spring of 2019, although she said the exact timing of the referendum would be left to the Scottish parliament. The [...]
What will happen to sterling against the US dollar when Prime Minister Theresa May triggers Article 50? We asked the experts March 13, 2017 Now the Budget is out of the way with barely a mention of Brexit, currency traders’ attentions can turn to the next big set-piece event in the political calendar: the moment Prime Minister Theresa May triggers Article 50. May could notify the EU as soon as tomorrow if MPs in the House of Commons vote [...]
Aldi is harnessing the ’90s revival with a retro new logo March 13, 2017 Aldi has launched a retro new logo as it goes for a ‘90s update to the German supermarket’s blue, red and orange badge. Aldi Sued, the owner of the discount supermarket, rejected the flat design of its current logo, plumping instead for the gradient sheen beloved of companies when computers first became capable of giving [...]
HSBC share price rises as AIA head Mark Tucker confirmed as new chairman March 13, 2017 Hong Kong-listed shares in HSBC have risen as markets greet the announcement of Mark Tucker as its new chairman. Shares on the Hang Seng index rose by 2.06 per cent at the time of publication, ahead of markets opening in London, where HSBC is also listed. The stock subesquently rose 1.2 per cent at the open [...]
