HSBC chief Noel Quinn unexpectedly steps down after nearly five years April 30, 2024 HSBC has unexpectedly announced that its group chief executive Noel Quinn will retire after almost five years in the role and has started searching for a successor to lead Europe's largest bank.
London’s ultra wealthy have ‘moved out’ since Brexit, says top private jet dealer April 30, 2024 Brexit, changes to non-dom status tax rules and the Russia-Ukraine war has led to a slump in sales of private jets in London, a top dealmaker has said.
The Notebook: For the UK’s poorest, things are only getting worse – just look at the numbers April 30, 2024 Ian Whittaker takes the Notebook pen to write about inflation, the US's Tiktok ban, and a little bit of life advice.
FTSE 100 today: London markets set to extend rally; US Fed decision, Apple, Amazon earnings in spotlight April 29, 2024 Asian shares rose alongside their US counterparts, with Hong Kong equities extending a rally for the sixth straight day. The Japanese yen plunged below ¥160, but authorities did not intervene due to the holiday, while oil and gold prices dropped. The focus remained on upcoming earnings reports from tech giants Apple and Amazon, along with the Fed meeting and jobs data.
Luxury fashion brands struggle to compete with celebs in the branded beauty craze April 28, 2024 “There has been a massive shift; we are inundated with brands now. The selectivity is really the main challenge,” Clare Horner, group beauty director at UK luxury department store Harvey Nichols.
FTSE 100 today: London markets set to open higher on the heels of strong US tech earnings April 26, 2024 Asian stocks rallied alongside a strong tech sector fuelled by impressive US earnings. Bank of Japan maintained its short-term interest rate target at 0-0.1 per cent. Oil prices climbed, while Microsoft and Alphabet shares surged post-earnings beats. Investors await US inflation data and focus on ExxonMobil and NatWest earnings.
FTSE 100 today: BHP pounces on Anglo American while Meta drags tech lower April 25, 2024 US stocks saw a slight rise amid volatility. Asian stocks declined as Meta reignited tech sell-off, and the Japanese yen dropped below ¥155. Meta's stock fell 15 per cent, contributing to market turbulence. Despite this, oil and gold prices held steady. Investors now await US Q1 GDP data and earnings updates from Alphabet, Microsoft, Intel and Barclays.
Meta’s stock tanks 15 per cent as AI spending rises, revenue outlook fails to impress April 25, 2024 Shares of Meta, the parent company of Facebook and Instagram, experienced a significant drop of more than 15 per cent during after-hours trading.
FTSE 100 today: London markets set to shine green, riding global upward momentum April 24, 2024 Asian markets followed Wall Street's upward trend, with oil and gold prices trading nearly flat as tensions in the Middle East eased. Tesla's stock soared 13 per cent after plans to fast-track a 'more affordable' model release. Attention now shifts to the upcoming earnings reports from Meta, Boeing, IBM, and Intel.
Silicon maker Alphawave Semi reports lower royalty revenues on ‘accelerated transition away from China’ April 23, 2024 In the first quarter of 2024, Alphawave said royalties dropped 75 per cent year on year to $9m, reflecting its transition away from China.