Facebook forced to delay results as tech giants size up Super Thursday July 27, 2020 Facebook has been forced to push back its second-quarter results due a scheduling clash, putting the earnings of all four major US tech giants on the same day. Facebook, Apple, Amazon and Google will now all report their quarterly earnings after markets close on Thursday. The chief executives of the four companies are also set [...]
Recipe box firm Gousto expects to report first annual profit in 2020 July 27, 2020 Recipe box company Gousto announced today that it expects to turn a profit for the first time this year due to a surge in demand created by the coronavirus pandemic. Gousto, which reported an operating loss of £12.5m in 2019, said it expects to announce a “significant, maiden profit” in 2020. Revenues for the first [...]
Trump’s national security adviser tests positive for coronavirus July 27, 2020 US President Donald Trump’s national security adviser Robert O’Brien has tested positive for coronavirus, the White House confirmed today. In a statement, the White House confirmed that there was no risk of exposure to either the President or vice-president Mike Pence. The 54-year-old O’Brien, who is the most senior official in the Trump administration to [...]
Markets live: Aviation stocks drag on FTSE 100 but US stocks climb July 27, 2020 The FTSE 100 fell today as the UK added Spain back onto its quarantine list, but US stocks rose as investors pegged their hopes on the likelihood of more stimulus. The UK’s blue-chip index was down 0.2 per cent at 6,110 points in afternoon trading. The FTSE 250 was 0.6 per cent lower. Read more: [...]
Retail footfall dips as face coverings become mandatory in English stores July 27, 2020 Retail footfall dipped slightly at the end of last week as face coverings became mandatory in English stores. Visitor numbers at retail destinations in England fell 1.7 per cent on Friday and Saturday. On Friday it became compulsory to wear a face covering in shops in England. However it is too early to identify the [...]
Cairn Energy sells Senegal stakes to Lukoil for $400m July 27, 2020 Oil explorer Cairn Energy has sold its entire stake in a number of oil fields off the coast of Senegal to Russian firm Lukoil for $400m (£310m). The firm said it would return “at least” $250m to shareholders as part of a special dividend. Shares in the FTSE 250 firm shot up 7.4 per cent [...]
Boris Johnson vows that obesity campaign will not be ‘bossy or nannying’ July 27, 2020 Boris Johnson has vowed that the government’s new obesity drive will not be “excessively bossy or nannying” in a video describing his own weight loss efforts. The government’s new plans to reduce obesity in the UK will include a new junk food advertising ban, forcing restaurants to display nutrition information on menus, a ban on [...]
Bitcoin breaks past $10,000 for first time in two months July 27, 2020 Bitcoin jumped past the $10,000 mark for the first time in almost two months this morning, after several weeks of trading in narrow ranges. In addition to suffering pricing blows due to the economic fallout from the coronavirus outbreak, the cryptocurrency went through its third so-called halving on 11 May, which cut the rewards given [...]
Deutsche Bank to end global business activities in coal mining by 2025 July 27, 2020 Deutsche Bank has revamped its approach to fossil fuels, saying it will end global business activities related to coal mining by 2025 at the latest. The new fossils fuel policy applies to financing as well as capital market transactions. The policy trails announcements made earlier this year in which the lender committed to new sustainability [...]
Ryanair and Easyjet to continue flying to Spain despite quarantine July 27, 2020 Neither Ryanair or Easyjet will cut their number of flights to Spain despite the government reimposing mandatory quarantine measures on people travelling from the country, the low-cost carriers confirmed today. In a statement, the latter said: “We plan to operate our full schedule in the coming days. “Customers who no longer wish to travel can [...]
