FTSE 100 sinks again after US-China trade war tensions rise over Hong Kong November 21, 2019 The FTSE 100 opened lower this morning, with other major European stock markets also down, after the US and China clashed over Hong Kong and fresh doubts emerged about a trade deal between the two. The FTSE was 0.67 per cent lower shortly after opening, Germany’s Dax index was down 0.64 per cent, and France’s [...]
War, what is it good for? Absolutely not business November 21, 2019 Management terms such as “strategy”, “logistics” and “operations”, among others, have been borrowed directly from military science. Today, we’re taking it even further — every day in the office, it’s like we’re entering into a battle. New pricing strategy? That’ll be a “price war”. A big task? Let’s “divide and conquer”. Handling a crisis? Time [...]
FTSE 100 falls one per cent after Donald Trump trade comments November 20, 2019 European stock markets have fallen today following President Donald Trump’s threat to raise tariffs on Chinese goods if no deal can be reached between the two sides, with the FTSE 100 leading the bunch downwards. The FTSE 100 was down 1.09 per cent by 12.45pm UK time. In Germany, the Dax index was 0.70 per [...]
Upper Crust owner SSP announces £100m share buyback November 20, 2019 Upper Crust owner SSP Group this morning announced plans to buy back £100m of shares as it reported sales grew this year due to an increase in air and rail passengers. The figures SSP Group, which has around 2,800 outlets at global transport hubs, said like for like sales were up 1.9 per cent due [...]
Aston Martin reveals move into SUV market with critical DBX model November 20, 2019 Aston Martin has lifted the bonnet on its long-awaited DBX sports utility vehicle (SUV), as the luxury car maker fights to get back on track after a massive devaluation in its market value after its 2018 stock market float. The car, valued at £158,000 at list prices, is the company’s first foray into the SUV [...]
FTSE 100 rallies on trader optimism over US-China deal November 19, 2019 European stock markets rallied this morning as investors reacted well to news from the US-China trade talks. Britain’s FTSE 100 was 1.21 per cent higher at midday, while the German Dax had risen 1.01 per cent. The pan-European Euronext 100 was 0.27 per cent higher. Read more: Donald Trump defends China trade war but says [...]
Stock markets mixed as traders await details from US-China talks November 19, 2019 Asian shares had a mixed time last night as traders held back from making big moves until there is more clarity over the US-China trade negotiations. European stock markets have opened broadly higher this morning following a subdued day yesterday. Read more: Donald Trump defends China trade war but says a deal ‘close’ China’s Shanghai [...]
The economy is slowing – can central bankers fight the next downturn? November 19, 2019 The global economy has not had a good year, to put it mildly. Trade-war uncertainty and Chinese weakness have taken a heavy toll, with growth in 2019 set to be the worst since the financial crisis, according to the International Monetary Fund. Such an environment has produced many doomsters and gloomsters, to use Boris Johnson’s [...]
Saudi Aramco bets on local demand as it cancels European IPO roadshow November 18, 2019 Saudi Aramco this morning cancelled plans for its European roadshow for its long-delayed initial public offering (IPO), a day after doing the same for investor meetings in the US and Asia. The decision, which was reported by the Financial Times, means that shares will not be formally marketed outside of the Gulf. Read more: Saudi [...]
UK tech firm IQE’s shares plunge after second revenue warning November 18, 2019 Shares in UK technology company IQE have plunged over 20 per cent after the firm issued its second revenue warning in five months. Read more: Shares in chipmaker IQE plummet as it warns Huawei ban will hit profits IQE, which makes parts for chips used in products made by Apple and various Asian manufacturers, said [...]