FTSE 100 Live: Stocks to tumble as interest rate decision looms; Oil falls as ‘economic catastrophe’ avoided
1 Minute Market Rundown – 19th May 2022 May 19, 2022 Trade the ExtremesUSD on the Front Foot AgainCrypto Slides We won’t lie…yesterday caught us rather off guard. Risk, for lack of a better word, capitulated. US shares plunged 4%, their biggest daily drop in almost 2 years. Earnings reports from US consumer titans (Walmart, Costco, Target) disappointed and fuelled concerns that high inflation is squeezing [...]
Ex President George Bush mocked for gaffe: ‘wholly unjustified and brutal invasion of Iraq. I mean Ukraine’ May 19, 2022 Former American president George Bush Jr has come in for ridicule after accidentally referring to the “illegal invasion of Iraq” during a speech about the war in Ukraine. The ex Republican leader, 75, made the Freudian slip during an event in Dallas, Texas, on Wednesday, at an institute in his name. In a video posted [...]
Laurence Fox fails to get libel trial heard by a jury May 19, 2022 Laurence Fox has failed in his bid to get his libel trial heard by a jury, in what would have been the first libel case heard jury in a decade. A judge rejected the actor and right-wing political activist’s argument that Fox would not get a fair hearing as judges hearing the case may suffer [...]
MarketFinance raises £100m from Deutsche Bank to support funding for SMEs May 19, 2022 Fintech platform MarketFinance announced a debt raise from Deutsche Bank which the company will use to part fund up to £100m of lending to support strong, well-managed SME businesses with their investment and working capital needs.
Brookfield Asset Management snaps up repairs firm HomeServe for £4bn May 19, 2022 Brookfield Asset Management is set to buy London-listed repairs business HomeServe for a little over £4bn, both companies have announced today. The offer of 1200p per share by the Canadian investment giant, which is based in Toronto, equates to a 71 per cent premium on HomeServe’s 704p closing price on 23 March. Home repairs and improvements surged during the pandemic, [...]
Restructuring specialist Begbies Traynor says results will be ‘comfortably’ ahead of expectations May 19, 2022 Corporate restructuring specialist Begbies Traynor has said it expects its upcoming financial year results will be “comfortably ahead of market expectations” and “significantly” on last year. The Manchester headquartered firm said it expects its revenues will increase 30 per cent to £109.5m and its adjusted pre-tax profits will increase 55 per cent to £17.8m, compared [...]
Revenue climbs for Euromoney as events make comeback and remote working drives savings May 19, 2022 B2B information-services provider Euromoney Institutional Investor posted a revenue of £184.6m, up 14 per cent from the previous year.
GPE boss warns London’s office rebound could hit a wall amid runaway inflation May 19, 2022 The boss of GPE, formerly known as Great Portland Estates, has warned that London’s office leasing rebound could hit a wall as inflation shrinks the appetite for new developments. The capital’s post-pandemic recovery for offices has seen some of the UK’s largest developers – as well as GPE – hail record leasing activity and surging [...]
TUC urges action on gender pensions gap May 19, 2022 Unions are stepping up calls to tackle the “huge problem” of the gender pension gap after a study suggested that in many industries women have workplace pensions worth less than a fifth of male colleagues. The TUC dubbed Thursday ‘gender pensions gap day’, when it estimated that women pensioners start getting paid because retired women [...]
British Airways owner IAG buys 50 new 737 aircraft from Boeing May 19, 2022 British Airways owner IAG has struck a deal with Boeing to buy a fleet of 50 new 737 Max planes, which will be delivered between 2023 and 2027. The group said it had agreed to buy 25 of the 737 Max 8200 planes – first ordered by low-cost airline Ryanair – and another 25 of [...]
