Airlines lift off helps FTSE 100 reverse early losses July 12, 2022 London markets whipsawed today as a rally among airline stocks outweighed recession fears. The capital’s premier FTSE 100 index jumped 0.18 per cent to drop to 7,209.86 points, while the mid-cap domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, added 0.1 per cent to close at 18,854.96 points. [...]
Government set to unveil fresh capital markets reform to boost the City July 12, 2022 The government is set to push through a number of further reforms to the City’s capital markets to ease the way that listed firms can raise cash and allow greater participation from retail investors.
Plus500 profits soar as bosses hike full year guidance July 12, 2022 London-listed fintech Plus500 said it was expecting annual revenues and profits to sail past market estimates today after a bumper period in the first half of the year boosted by market volatility.
Markets have bigger things to worry about than a change in Number 10 July 12, 2022 Markets tend to be one step ahead of everyone else. Investors are always trying to identify new risks and limit their exposure to events that hurt stock markets. That forward-looking ethos probably explains why they ignored the upheaval in Number 10 last week. Boris Johnson’s position has looked wobbly for a while. Investors priced in [...]
Former Asos CEO moves upmarket with top job at Matches Fashion July 12, 2022 Ex-Asos boss Nick Beighton is set to take the reins at premium fashion retailer Matchesfashion, it announced on Tuesday. The e-commerce firm had been anticipated to make Beighton’s appointment on Tuesday morning, as it tries to boost its performance, according to a Sky news report on Sunday evening. Matches sells designer labels such as Gucci, [...]
Train drivers at eight railway firms vote in favour of industrial action July 11, 2022 Train drivers will join the wave of industrial action that has brought the country to a standstill as members of the union Aslef at eight operators have voted in favour of industrial action. No dates have been announced yet, but if it were to go ahead, the industrial action will hit services on Chiltern, GWR, LNER, [...]
Sainsbury’s investors back supermarket as it refuses living wage accreditation July 7, 2022 Sainsbury’s saw a minority of shareholders revolt over staff pay at its AGM on Thursday morning, with nearly 17 per cent backing a resolution for the supermarket to gain Living Wage accreditation. Some 16.7 per cent shareholders supported a resolution that urged the supermarket to become a Living Wage accredited employer. The resolution required 75 [...]
Finding opportunities in stagflationary times July 7, 2022 Slowing growth and rising inflation is a negative combination for both equity and bond markets. Nevertheless, there are opportunities emerging for global equity investors. This has been a challenging year for equities. Russia’s invasion of Ukraine has led to soaring energy and commodity prices, a global stock market slump and elevated volatility. Recession appears likely, [...]
London shops hit by falling footfall as Brits tighten belts amid inflation July 7, 2022 Central London shops may see a spending slowdown in the weeks to come, with city centres still reeling from the impact of office workers remaining at home, industry experts have warned. While the gap between 2019 footfall levels did narrow slightly in June versus May due to the Platinum Jubilee, sales lagged towards the end [...]
Topps Tiles’ commercial business to climb into profitability next year July 6, 2022 The UK’s largest tile retailer, Topps Tiles, has said its historically loss-making commercial business will climb into profitability next year, as it continues to navigate falling consumer confidence, supply chain challenges and historic levels of inflation. “We remain confident that the business will break even in the second half of the year and then move [...]