China: Evergrande shares soar after property developer’s stocks resume trading October 3, 2023 Shares of debt-laden property developer China Evergrande Group soared on Tuesday after they resumed trading in Hong Kong following a suspension last week. By midday, Evergrande’s shares were up nearly 16% after jumping more than 60% early in the session. Evergrande is the world’s most heavily indebted property developer and is at the centre of [...]
FTSE 100 close: London struggles to ‘regain mojo’ as US economy remains resilient October 3, 2023 London markets were uneasy this morning after strong data out from the US yesterday added to the impression that interest rates will have to stay higher for longer.
Oil pulls back as OPEC boss warns high prices are here to stay October 3, 2023 Oil prices have pared back from last month's rally, weighed down by a stronger US dollar and rising bond yields.
Boohoo warns of further sales falls as tough buyer market takes its toll October 3, 2023 Fast fashion giant Boohoo’s said its revenues fell by 17 per cent in the six months to August to £729m, and warned of further sales falls in the year ahead. The online shopping brand, which has been undergoing a turnaround plan, said that in the year ending February revenues could slip by between 12 to [...]
Watch the moment a fireball caused by a lightning strike engulfs an Oxfordshire plant October 3, 2023 A large fire caused by a lightning strike has broken out at a processing facility in Oxfordshire.
Rishi Sunak refuses to say if HS2 to Manchester is being scrapped – six times October 3, 2023 Rishi Sunak has refused to confirm whether HS2 to Manchester is being scrapped six times while being grilled in a live interview. The Prime Minister insisted to BBC Breakfast he had “absolutely not” given up on the multi-billion pound rail scheme which has dominated the Conservative Party Conference. “We’ve got spades on the ground on [...]
Tortilla weathers strikes and inflation as expansion drives 22 per cent revenue spike October 3, 2023 Tortilla Mexican Grill revenues jumped 22 per cent year-on-year to £32.7m as the fast-casual group continued to expand its sites across the UK. The popular Mexican chain reported a slight dip in pre-tax earnings amid headwinds from inflation and rail strike action and swung to a £600,000 loss, down from £300,000 profit last year. However [...]
Ryanair and Wizz Air numbers rubbish fears of travel slowdown October 3, 2023 Ryanair and Wizz Air reported strong passenger growth over September, despite fears in the industry of a slowdown in demand following this years' summer bonanza.
Astrazeneca: Pharma giant splashes the cash to settle two legal claims October 3, 2023 Pharma giant AstraZeneca has agreed to pay out $425m in a settlement today after facing multiple claims from litigators that two of its stomach acid drugs caused kidney injuries.
All night long: Greggs feels benefit of evening opening hours October 3, 2023 Sausage rolls are proving a hit long into the evening as high street baker's longer opening hours begin to pay off
