FTSE 250 hits highest level in 15 months as Conservatives maintain poll lead November 26, 2019 The FTSE 250 nudged up 0.2 per cent this morning to 20,740, reaching its highest level since August 2018. The London index rose on the back of growing investor confidence that the Conservatives will win December’s General Election, after polls showed the party had maintained a healthy lead over Labour. Russ Mould, investment director at [...]
Alibaba IPO: E-commerce giant’s shares jump on blockbuster Hong Kong debut November 26, 2019 Alibaba, the Chinese online retail giant, has enjoyed a surge in its share price after floating on the Hong Kong stock exchange, in one of the year’s most hotly anticipated Initial Public Offerings. The firm, which is already listed in the US, raised around £8.8bn in its secondary listing, with chairman Daniel Zhang cheering on [...]
Don’t panic, China is nowhere close to overtaking America November 25, 2019 There has been far too much doom-mongering of late about America’s structural position in the world. While there is no doubt that the US is in relative decline, it is as if the commentariat does not really understand what these words actually mean, focusing only on the “decline” part of the phrase. So for all [...]
FTSE 100 jumps on US-China trade war optimism as Tory polling boosts pound November 25, 2019 The FTSE 100 rose more than almost half a per cent higher today as China signalled it is willing to bring an end to its prolonged trade war with the US. Meanwhile sterling jumped 0.3 per cent higher as the latest election polls put the Tories on track to win a majority in December’s election. [...]
Hopes of US-China trade deal boost Asian stocks amid Hong Kong local elections November 25, 2019 Asian stocks rallied slightly overnight, as investors hoped for progress in the trade war between the US and China. It comes in part as a reaction to comments by US national security adviser Robert O’Brian over the weekend, that an initial – or so called phase one – trade agreement with China is still possible [...]
LVMH close to buying Tiffany & Co for $16bn November 24, 2019 Luxury fashion house LVMH, the owner of Louis Vuitton, is close to buying jewellery retailer Tiffany & Co for about $16.3bn. LVMH, which also owns Dior and Moet & Chandon, is nearing an agreement to acquire the US jewellers for $135 per share, in a deal that could be announced this evening or tomorrow. Read [...]
EU members back tough stance on 5G suppliers in potential blow to Huawei November 23, 2019 European Union countries are endorsing a tough line on selecting 5G suppliers in a potential blow to market-leading telecoms equipment supplier Huawei. At a meeting in Brussels on Friday, ambassadors for EU states agreed to an approach which includes vetting the domestic legal framework 5G suppliers are subject to. Read more: Trump administration grants Huawei [...]
FTSE 100 soars above European rivals as pound weakens November 22, 2019 The FTSE 100 jumped this afternoon, ending the week with a strong finish amid a drop in the pound and strong gains in some sectors. The UK’s blue-chip index led its European counterparts upwards, rising 1.21 per cent. Read more: Sterling falls as UK economy slows and US accelerates France’s CAC 40 index had climbed [...]
Huawei: The fake choice between US and China will weaken the world economy November 22, 2019 Over the last year, the UK and its European partners have been asked to make a false choice between the US and China. What started with a series of false claims about Huawei’s role in telecoms infrastructure has broadened into a wider campaign that places the very concept of globalisation and the global economy at [...]
Hong Kong’s local elections in spotlight after months of protests November 22, 2019 Hong Kong is bracing itself for a fresh weekend of tension as voters in the city head to the polls after months of civil unrest. More than 4m residents will go to the ballot box for district council elections on Sunday, with Hong Kong facing its first electoral test of public opinion since the pro-democracy [...]