China’s BYD nears deal to supply London’s electric double decker buses May 19, 2024 Chinese automaker BYD is closing in on a deal that would see it supply all-electric double decker buses in London.
FTSE 100 today: London markets set to extend positive streak; trends hinge on US inflation data May 15, 2024 Asian stocks mirrored Wall Street's rally. Sony surged on buyback news. Eyes on US CPI data and Burberry earnings.
FTSE 100 today: London markets set to extend bull run on renewed global rate cut optimism May 10, 2024 Asian markets surged with Wall Street, reflecting growing investor confidence, with Europe, including London, set to follow.
As sales slump, how has Tesla been impacted by Musk buying Twitter? May 9, 2024 Tesla sales are down, its Cybertruck product is facing recalls, and the automaker is cutting jobs – and prices – in response. Some investors have put this decline in fortunes down to the fact that Tesla’s CEO, Elon Musk, is also dealing with running media giant X/Twitter. Others, meanwhile, have pointed to the broader tides [...]
Volkswagen boss: The EV sales slump is ‘not the end of the world’ May 8, 2024 A recent slump in electric vehicle sales shouldn't concern the automotive sector, VW's brand chief Thomas Schäfer has said.
The Notebook: Where are retail investors putting their money? May 8, 2024 Victoria Scholar takes the Notebook pen to talk retail investors, Ozempic's fat profits, and the UK's inflation forecast.
FTSE 100 today: Rate cut optimism to fuel Footsie’s push to fresh record highs May 8, 2024 Markets showcase mixed performance in Asia, mirroring Wall Street's trajectory. Oil prices dip, while Reddit shares soar by 16 per cent. Additionally, TikTok initiates a legal challenge against a potential US ban, adding to tech sector uncertainties. All attention now shifts to the Bank of England policy decision and UK GDP data release.
FTSE 100 today: London stocks to stay subdued in light trading as Asia and Europe mark Labour Day holidays May 1, 2024 Asian markets were mixed following Wall Street's poor performance. Concurrently, oil prices experienced a decline while gold remained stable. Starbucks, AMD, and Supermicro saw significant stock declines. Now, all eyes are on the upcoming US Federal Reserve policy decision and Chair Jay Powell's remarks.
Explained: The UK’s Chinese electric vehicle insurance quandary April 30, 2024 Chinese electric cars are expected to flood the UK market and there is a growing nervousness among insurers that premiums could soar in response.
FTSE 100 today: London markets set to extend record streak on strong global cues April 30, 2024 Asian stocks tracked Wall Street's gains, while Japan's yen held firm after suspected intervention spurred sharp gains. Oil prices dipped amidst Israel-Gaza ceasefire talks, and China's factory activity expanded for the second month. Investor attention was on the upcoming Fed policy decision and earnings reports from Amazon.com and Coca-Cola.