Nvidia neck and neck with Apple as world’s most valuable firm as stock rises January 7, 2025 Nvidia‘s stock rose by 3.4 per cent on Tuesday to $149.43 (£118.95) per share bringing it neck-and-neck with Apple, following various launches for the tech giant at the CES in Las Vegas on Monday. At the annual conference, the firm revealed a host of new products from new gaming chips, a personal AI supercomputer and [...]
Rolls-Royce shares worth 820p says City broker January 7, 2025 Despite the strong performance of Rolls-Royce’s stock price over the last two years, a City broker is expecting the aerospace company to keep leading the FTSE 100 in share price growth. In a note published today by Panmure Liberum, analyst Nick Cunningham argued that Rolls-Royce’s shares could still increase by more than 40 per cent [...]
Buying a house? Pay in cash for a £28k discount January 7, 2025 Buying a house is the largest purchase most of us will make in a lifetime – but it may be cheaper for some than others. Cash buyers now pay £28,000 less on average for a home than those relying on a mortgage, and the ‘cash discount’ has risen by 12.4 per cent in just two [...]
Next: FTSE 100 retailer hikes profit guidance but warns on costs January 7, 2025 Retail industry bellwether Next has upgraded its profit outlook for the year after sales and growth exceeded expectations during the Golden Quarter. The FTSE 100 company hiked its expected profit by five per cent as sales jumped six per cent in the nine weeks to 28 December, nearly double its previous guidance of 3.5 per cent. [...]
Wine without the Snobbery January 7, 2025 JANUARY always feels a rather grim time to decide to go “dry”. I feel no reason to punish myself for enjoying the indulgences of festive season and besides, being a wine writer and consultant, I would be out of a job. I do however like to embrace the “damp lifestyle” and over the years have [...]
How will the UK economy perform in 2025? January 7, 2025 The economy has shown few signs of life since June and business surveys since October's Budget have painted an incredibly bleak picture of the year ahead.
Six months on, Labour’s pledge to restore trust in politics has proven nonsense January 7, 2025 Six months on, where have Labour's promises of radical reform gone, asks James Chapman in today's Notebook.
Unhappy New Year? 72 per cent say UK ‘going in wrong direction’ January 7, 2025 Keir Starmer’s chances of a New Year reset have been dealt a blow with new research revealing a lack of confidence in the government’s economic policies. The first of a new monthly City AM/Freshwater Strategy poll found that 72 per cent of voters say the UK is going in the “wrong direction”, including 53 per [...]
Retail gloom as festive season fails to save 2024 trading January 7, 2025 High street stores showed anaemic growth in the 2024 festive season, despite hopes that Christmas trading would inject some cheer into the sector. Sales grew just 0.3 per cent overall in the ‘golden quarter’, which includes Black Friday, Cyber Monday and Christmas, according to the British Retail Consortium (BRC). Online sales continued to beat in-store, [...]
Our polling shows hope of ‘change’ has turned to despair for Labour January 7, 2025 The inaugural City AM / Freshwater Strategy poll makes grim reading for Keir Starmer as almost three-quarters believe the UK is heading in the wrong direction The inaugural City AM / Freshwater Strategy poll makes grim reading for Keir Starmer. As the Prime Minister returns from the Madeira sun to snowy London, he is met [...]