Which Premiership clubs will be hardest hit by the Rugby World Cup? September 17, 2019 It is always a special occasion when Bath Rugby play Bristol Bears under the floodlights at Ashton Gate in a West Country derby, even more so when it is the opening fixture of a new Premiership season. On this occasion, however, there will be some notable differences. The Premiership’s opening weekend will take place later [...]
US blames Iran for drone strikes on Saudi oil facilities September 15, 2019 The US blamed Iran today for drone strikes on two Saudi oil facilities on Saturday that knocked out about half the kingdom’s oil output. US secretary of state Mike Pompeo today accused Iran of “an unprecedented attack on the world’s energy supply.” Iran hit back, dismissing the claim that it was responsible and warning that [...]
Stock markets rise after Germany hints at stimulus August 19, 2019 European stock markets have risen sharply after opening and bond yields have fallen as investors react to the news that Germany could inject some stimulus into its stalling economy. Read more: US stock markets jump after China hints at stimulus Germany’s Dax was the biggest riser, climbing 1.2 per cent in early trading. Meanwhile the [...]
Hong Kong protests continue as property developers urge calm August 9, 2019 Demonstrations continued at Hong Kong’s airport on Friday as protesters waved banners and handed out leaflets in multiple languages to visitors at the arrivals hall. Hundreds of young people turned out in support, wearing black T-shirts, and warned of a weekend of planned protests across the city. Read more: Hong Kong protests: General strike brings [...]
Has ASOS just issued its third and final profits warning? July 23, 2019 By Graeme Evans from interactive investor. With ongoing operational issues aplenty, investor confidence hinges on a belief in stock market adages. Warehouse troubles drove ASOS (LSE:ASC) to a third profits warning in less than a year as the fast-fashion giant slipped even further behind the market value of upstart rival Boohoo Group (LSE:BOO). Shares dived as much as 22 per cent [...]
Online sales to overtake high street in next decade July 9, 2019 Internet shopping will overtake physical stores in the next 10 years as deliveries become cheaper, faster and more convenient, a new report has found. Online sales are estimated to account for 53 per cent of all retail sales by 2028. Read more: Mike Ashley calls for online sales tax to revive high street The popularity [...]
Why ASOS just dived to a multi-month low June 26, 2019 By Graeme Evans from interactive investor. With an impressive recovery in 2019 unwinding in spectacular fashion, how far will the shares fall? A downgrade for ASOS (LSE:ASC) shares yesterday flagged margin pressures as the former high-flying stock attempts to drive global expansion in the face of fast-fashion rivals including Boohoo (LSE:BOO). The note from UBS analyst Olivia Townsend suggests that recent [...]
When is Amazon Prime Day 2019? Everything you need to know June 25, 2019 Amazon is preparing to launch its longest Prime Day ever, forming a 48-hour sales event starting at midnight on 15 July. The two day event on 15 and 16 July, similar to a Black Friday sale, offers Prime subscribers the chance to buy products from the retailer at cut prices for a limited period. Amazon [...]
Shares fall as Kier suspends dividend and unveils plan to cut 1,200 jobs June 17, 2019 Struggling construction firm Kier has revealed plans to cut 1,200 jobs and strip back its non-core businesses. The outsourcer said it would sell or “substantially exit” non-core activities, including its housebuilding and facilities management units. Read more: Kier shares plunge on housebuilding unit sale reports Its property arm, one of the UK’s largest developers, and [...]
United States agrees to lift steel and aluminium tariffs on Canada and Mexico May 18, 2019 The US has reached an agreement with Canada to relax tariffs on steel and aluminium imports. The current 25 per cent tariff on steel imports and 10 per cent on aluminium is scheduled to end within the next 48 hours. Read more: Trump pardons fraudster media mogul Conrad Black Speaking at the National Association of Realtors on Friday, [...]