Burberry, LVMH and Kering: Rebound of travel and China to boost luxury market October 22, 2024 Analysts have stressed the problems in the luxury market are cyclical, not structural, and predicted an upswing at brands like Burberry, LVMH and Kering as international travel looks set to rebound past pre-pandemic levels. The downturn in the luxury market, which has been suffering from the cost-of-living crisis in the West and a slowdown in [...]
HSBC: The questions investors want answered on Elhedery’s East-West split October 22, 2024 HSBC’s new chief executive has made his play to cut costs and home in on core divisions at Europe’s biggest bank, including splitting its businesses into Eastern and Western camps amid geopolitical tensions.
Investors brace for Tesla’s earnings after Robotaxi flop October 21, 2024 Tesla is set to post its third quarter earnings on Wednesday, with most analysts bracing for a slight dip in earnings per share compared to last year. The consensus forecast for revenue sits around $25.34bn (£19.5bn), up from the $23.35bn (£17.96bn) it booked in the same quarter of 2023. In its most recent quarter, Elon [...]
Oil prices slide on Israel vow to avoid Iran refineries with retaliation October 15, 2024 Oil prices tumbled by over four per cent on Tuesday after soft economic readings from China and reports that Israel has assured the US it would avoid oil and nuclear facilities in its expected retaliation on Iran. The price of Brent crude dropped 4.4 per cent – or $3.42 (£2.61) a barrel – and WTI [...]
China flags more fiscal stimulus for economy, leaves out key details on size October 12, 2024 China pledged on Saturday to “significantly increase” debt to revive its sputtering economy, but left investors guessing on the overall size of the stimulus package, a vital detail to gauge the longevity of its recent stock market rally. Finance Minister Lan Foan told a press conference Beijing will help local governments tackle their debt problems, [...]
Aston Martin: Short sellers bet against FTSE 250 marque as shares struggle October 10, 2024 Aston Martin shares have endured a bumpy ride since the sportscar maker first went public in October 2018.
Are UK investors going to get burned by volatile Chinese stocks? October 9, 2024 The Chinese stock market is on a roll, seeing its best week since 2008 followed by its worst day since 1997 since the country’s central bank announced sweeping stimulus measures. The seesawing back and forth experienced by UK investors diving into the Chinese stock market might be scary, with many worrying the strong growth over [...]
Vertical Aerospace: Battersea to Heathrow in 10 minutes? October 9, 2024 Imagine a future where a taxi from Central London to Heathrow took little more than 10 minutes? That's the goal of Bristol-based Vertical Aerospace.
Shein parks tanks on Boohoo’s lawn as UK sales pass £1.5bn ahead of IPO October 8, 2024 UK sales at Shein, the Chinese-founded online retailer on track for a bumper IPO on the London Stock Exchange, passed £1.5bn last year, the company has revealed. The division generated a revenue of £1.55bn for 2023, up from the £1.12bn it achieved in 2022. Shein also posted an annual profit of £18.7m, a significant rise [...]
Why Uber chief thinks electric cars are ‘just plain better’ October 8, 2024 Electric vehicles (EVs) are “just plain better”, the chief executive of Uber has claimed, as the ride-hailing app giant detailed plans to doubling down on accelerating to be fully electric in the UK. Dara Khosrowshahi made the comments as he spoke at Uber’s annual green event at the Science Museum in London on Tuesday. The [...]