European stock markets rise ahead of US-China trade talks April 3, 2019 European stock markets rose today as markets reacted well to upcoming US-China trade talks, and took heart in a growing Eurozone service sector and better-than-expected retail sales. Read more: Global stocks rise with investors optimistic about US-China trade talks Germany’s benchmark Dax index was the biggest climber, rising 1.2 per cent by 1.30pm UK time, [...]
European car makers face €7.4bn bill to meet looming EU emissions rules April 3, 2019 The biggest car manufacturers in Europe are careering towards a €7.4bn crash in profits from the cost of meeting the EU’s emissions rules, UBS has warned. Regulations set to come into effect in 2021 will force car firms such as Volkswagen, BMW and Renault to produce no more than 95g of CO2 per kilometre, but [...]
AI startup Onfido tops $100m investment as it closes $50m funding round led by Softbank and Salesforce April 3, 2019 Digital identity startup Onfido today closed a $50m (£38m) funding round led by Softbank, bringing its total investment above $100m. Read more: London fintechs dominate startup programme as they bid to scale-up Salesforce Ventures also co-led the funding round with Softbank Investments (SBI), while Microsoft’s M12 fund and existing investors also contributed. London-headquartered Onfido will [...]
Global stocks rise as investors react with optimism to US-China trade talks March 29, 2019 US and European stocks climbed today with the FTSE 100 closing higher as investors reacted optimistically to US-China trade talks. In America, the Dow Jones industrial average rose 0.6 per cent after opening at 1.30pm UK time, while the benchmark S&P 500 stock index rose 0.4 per cent. Read more: EU trade surplus with US grows as deficit with China [...]
Best 5 US stocks for an ISA March 28, 2019 By Rodney Hobson from interactive investor. Brexit makes investing overseas especially attractive now, argues our commentator, author and columnist. Rodney Hobson is an experienced financial writer and commentator who has held senior editorial positions on publications and websites in the UK and Asia, including Business News Editor on The Times and Editor of Shares magazine. [...]
Car manufacturing ‘paralysed’ by no-deal Brexit threat as output drops for ninth straight month March 28, 2019 British car manufacturing suffered its ninth consecutive month of decline in February, as the industry continues to suffer from Brexit uncertainty and plummeting demand in China. Car makers produced 123,203 vehicles last month, according to the Society of Motor Manufacturers and Traders (SMMT), a drop of 15.3 per cent on the same period last year. [...]
Airbus shares soar after plane maker lands 300-aircraft order to China worth £25.7bn March 26, 2019 Airbus shares rose this morning on yesterday’s news that it signed a deal worth around €30bn (£25.7bn) to sell 300 planes to China. The plane maker was up 2.4 per cent this morning after announcing the sale of 290 of its A320 models and 10 A350 XWB aircraft to China Aviation Supplies Holding Company (CAS). [...]
WPP hunts for replacement as last Chinese board member steps down March 25, 2019 WPP is on the hunt for a new Chinese board member after it emerged a long-serving director from the country will step down, Sky News reported. Ruigang Li, who founded venture capital giant China Media Capital (CMC) and has served on the WPP board since 2010, has reportedly told colleagues he will not stand for [...]
Britain leads falling European stock markets as US recession risk grows March 25, 2019 European stocks fell today, with Britain's leading the drop, while US equities were volatile as investors weighed up global economic headwinds and recession fears. The US’s S&P 500 was down 0.4 per cent soon after opening at 1.30 pm UK time, but rebounded to rise 0.3 per cent for the day, while the Dow Jones [...]
Non-EU investment in London commercial property rose 75 per cent in 2018 March 25, 2019 Purchases of London commercial property by non-EU investors soared last year, rising 75 per cent on 2017. But investment from within the EU dropped sharply, according to figures from real estate research company Datscha. Read more: Retail property value set to plunge as online shopping rises Non-EU investors racked up £8bn in purchases in 2018. That [...]