China funds dominate September as London’s AIM slumps October 1, 2024 China funds dominated performance tables in September following Beijing’s economic pledges, while UK smaller companies funds sagged over rumours that taxes on AIM may rise. The average China fund grew by more than 16 per cent throughout September, with almost all that growth coming in the last week of the month. “The top 44 funds [...]
Will Aston Martin ever make it out of the slow lane? September 30, 2024 Aston Martin on Monday issued a profit warning, downgrading guidance for the year ahead and slashing its car production target by around 1,000.
Chinese stocks post best week since 2008 September 29, 2024 Chinese and China-focused stocks posted their best week since 2008 last week, with the CSI 300 index shooting up 15.7 per cent after strong economic stimulus measures were put in place by the country’s government. Every index tracking Chinese stocks benefited from the measures, with Hong Kong’s Hang Seng index rising more than 13 per [...]
Luxury stocks ‘bask in the glow’ of a Chinese equity stimulus September 24, 2024 Luxury investors breathed a sigh of relief this morning after the People’s Bank of China announced an array of economy-boosting policies, including £84bn of liquidity support for equities. High-end European stocks were a sea of green, with French luxury fashion house LVMH up 4.2 per cent, Hermes up 4.3 per cent and Kering up 4.3 [...]
China unveils stimulus package in bid to kickstart flagging economy September 24, 2024 China has unveiled its largest set of economic stimulus measures since the pandemic in an attempt to kickstart growth in the world’s second largest economy. The People’s Bank of China (PBoC) announced today it had cut its benchmark interest rate by 50 basis points, as well as the amount banks must hold as cash reserves, [...]
Tarantulas, temples and tall tales: Vietnam to Cambodia on the Mekong river is a soul-stirring delight September 23, 2024 Alexandra Pereira enjoyed profound human connections along the Mekong river On the first night of my journey along the mammoth Mekong ‘mother- water’ River, I watch on aghast as my companion crunches down on a large tarantula. He washes it down with a negroni, a sundowner like no other, and barely makes a sound or [...]
Chinese EV makers should be barred from UK public contracts over data privacy fears, campaigners warn September 16, 2024 Suppliers suspected of having ties to the Chinese military pose a risk due to the potential for built components to be "weaponised" from overseas.
South Korean appetite for single malt whisky keeps Scotch maker Artisanal Spirits on track September 10, 2024 A growing appetite for single malt whisky in South Korea and Taiwan has helped British maker Artisanal Spirits Company go against the grain amid a slump in demand, according to its latest results. The company, which is headquartered in Edinburgh, cut its pre-tax loss to £3.1m in the six months ending June 30, 2024, from [...]
Chinese carmaker Chery weighs building cars in UK September 8, 2024 Chery's UK chief Victor Zhang said it was only a "matter of time" before the company made a final decision on entering the UK.
Profit slashed in half at Swiss watch brand Swatch September 6, 2024 Profit at Swiss watch brand Swatch was cut by more than half during its latest financial year despite its sales increasing further past the £200m mark. The London-headquartered division has reported a pre-tax profit of £11.1m for 2023, down from the £23.6m it posted for 2022. According to newly-filed accounts with Companies House, Swatch has [...]