Astrazeneca beats estimates in strong third quarter October 24, 2019 Astrazeneca raised its full-year product sales forecast for the second time today, as it was boosted by strong demand for new cancer treatments and 40 per cent growth in China. The drugmaker beat market expectations for both profit and sales in the third quarter, with sales hitting $6.13bn (£4.75bn), outstripping a consensus estimate of $5.86bn. [...]
Tiktok launches safety campaign after removing IS propaganda videos October 23, 2019 Tiktok has rolled out a new safety campaign days after it emerged Islamic State (IS) militants had used the platform to spread propaganda videos. The video-sharing app has released a series of so-called awareness videos that it said will help to keep its users informed by highlighting safety features. Read more: Social media firms urged [...]
Traders braced for busy week as pound opens flat and European markets edge up October 21, 2019 Traders are bracing themselves for a fresh week of market mayhem amid trade war negotiations and Brexit uncertainty. Optimism over an end to the US-China tariff battle has pushed European markets up slightly after the opening bell this morning, with both the German Dax and the FTSE 100 rising 0.4 per cent. Read more: Speaker [...]
Holiday Inn owner Intercontinental Hotels Group hit by Hong Kong protests as revenue falls for quarter October 18, 2019 The owner of Holiday Inn has blamed protests in Hong Kong for a drop in quarterly revenue, as it also suffered from weakness in the US and mainland China. Intercontinental Hotels Group said quarterly revenue per room fell 0.8 per cent, making it the latest company to feel the pinch of weaker global travel. Read [...]
Chinese growth slows to near 30-year low as trade war bites October 18, 2019 The Chinese economy slowed to its weakest pace in almost 30 years in the third quarter, official figures have shown, as the ongoing trade war with the US weighs on the the country’s economy and global demand. Read more: Global markets underwhelmed by US-China trade truce GDP rose by six per cent year on year, [...]
Eco-protest movement has driven everyone quite mad October 17, 2019 The exasperation was clear in the commuter’s voice as he shouted “it’s an electric train, you idiot!” at the person who had glued themselves to a DLR service heading into the City from east London. Elsewhere, morning travellers took matters into their own hands and hauled protesters down from the top of Tube trains. We’ve all [...]
Hearthstone is caught in a Blizzard over Hong Kong protest October 17, 2019 The protests in Hong Kong have featured prominently in the news cycle since kicking off in March. All across the world, we’ve seen extensive coverage of the outbreaks of violence, as well as the excessive use of force by police to suppress the demonstrations. It’s likely that you’ve been following the story, but what you [...]
Facebook suffers drop in brand value as consumer trust slides October 17, 2019 Facebook has suffered a second successive annual decline in its brand value as the social media firm faces a backlash over data use and its faltering move into digital currency. The Silicon Valley giant has dropped out of the top 10 rankings of the world’s most valuable brands, suffering a decline of almost 12 per [...]
Takeover titan and Blackstone boss Steve Schwarzman talks charity, business and life advice October 14, 2019 Private equity does not have a reputation for giving away money: on the contrary, it is an industry known for its hard-headed obsession with turning a profit though buying companies and selling them on. So it comes as something of a surprise to find that the boss of the world’s biggest private equity company, Steve [...]
European stock markets fall on China data and Brexit October 14, 2019 European stock markets opened lower on Monday after data showed Chinese imports and exports falling and new doubts emerged over a Brexit deal. Germany’s Dax index led Europe downwards, falling 0.6 per cent by 9.30am UK time, while the pan-European Euronext 100 had fallen 0.7 per cent. Britain’s FTSE 100 was 0.4 per cent lower, [...]