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Gold treads water as high yields weigh, Powell talk in focus

By Ambar Warrick Investing.com-- Gold prices steadied at a near one-month low on Tuesday amid continued pressure from strength in the dollar and Treasury yields, with focus now turning to economic cues from a talk by Federal Reserve Chair Jerome...

2023-02-07T01:02:01Z

MARKET REPORT: Shares in FTSE 250 engineering group Vesuvius fall 3.3% after it becomes latest UK firm to be hit by a cyber attack

Vesuvius, which makes smelting equipment and technology for steel plants, said the incident involved 'unauthorised access to our systems'.

2023-02-06T22:29:51Z

Rothschild family to take historic investment bank private in blow to the Paris stock market

Rothschild & Co, which helped fund the Duke of Wellington's victory in 1815 at the Battle of Waterloo, has been listed in Paris since 1838.

2023-02-06T22:15:11Z

Dow futures little changed, Chegg tanks 21.5% after earnings

By Oliver Gray Investing.com - U.S. stock futures were trading in a tight range during Monday’s evening deals, after major benchmark averages finished the regular session lower as rising yields put pressure on risk sensitive assets ahead of key...

2023-02-07T00:16:59Z

Retail experts warn of ‘challenging’ months ahead as sales growth slows

Senior retail figures have warned that the coming months will be “challenging” for the sector, after sales slowed over January, falling below the three-month average growth of 5.2 per cent to 4.2 per cent Helen Dickinson OBE, chief executive at British Retail Consortium (BRC), said consumer confidence remains “stubbornly low” and looming rises in household [...] The post Retail experts warn of ‘challenging’ months ahead as sales growth slows...

2023-02-07T00:53:04Z

Royal Mail strike called off after union slip-up

Union leaders have been forced to call off a two-day postal strike following a legal challenge by Royal Mail bosses. The Communication Workers Union (CWU) blamed laws that are “heavily weighted against working people” for scrapping planned walkouts on Feb 16 and Feb 17. The union will now not be able to call more strikes until March because its man...

2023-02-06T20:21:54Z

Retail groups call apprenticeship levy a ‘£3.5bn mistake’ and call for urgent reform

Kate Nicholls, chief executive of UKHospitality, said a “much-needed” overhaul of the system would enable businesses to go even further in their skills investment. The post Retail groups call apprenticeship levy a ‘£3.5bn mistake’ and call for urgent reform appeared first on CityAM.

2023-02-06T23:23:04Z

Tesco worker reveals 'hack' for finding the freshest fruit and vegetables now that best before dates have been removed

This could come in handy for any Tesco shopper

2023-02-06T17:22:02Z

SMALL CAP IDEAS: Can David Beckham-backed Guild Esports cash in on the fast growing $1.5bn esports market?

Guild signed around £10.7million worth of sponsorship deals in 2022 with the likes of Coca-Cola, Sky UK, Samsung and cryptocurrency exchange Bitstamp.

2023-02-06T16:14:40Z

Aussie rescue bid saves Britishvolt: Plans for giant £3.8bn gigafactory revived in deal backed by cricket legend Ian Botham

Administrators at EY selected Recharge Industries as the preferred bidder to buy the battery firm in a deal supported by Lord Botham (pictured).

2023-02-06T22:15:05Z

Retailers suffer disappointing January as consumers brace for more bill rises

Retailers suffer disappointing January as consumers brace for more bill rises - Total UK retail sales increased by 4.2% in January, less than half the 11.9% rise seen a year earlier, according to the BRC-KPMG retail sales monitor.

2023-02-07T00:03:54Z

Grieving mum trapped living in home where her toddler died as new-build row rumbles on

"I couldn't take being here again on her birthday or at Christmas."

2023-02-06T15:52:37Z

Take-Two cuts guidance again as Q3 results fall short

By Yasin Ebrahim Investing.com -- Take-Two (NASDAQ:TTWO) reported Monday third-quarter results that missed Wall Street estimates and the video game maker cut annual guidance again as competition over the holiday period and weaker economic backdrop...

2023-02-06T22:16:54Z

Activision Blizzard Q4 results beat Wall Street estimates

By Yasin Ebrahim Investing.com -- Activision Blizzard (NASDAQ:ATVI) reported fourth-quarter results that beat Wall Street estimates just as the video game maker's sale to Microsoft (NASDAQ:MSFT) is expected to face more headwinds. Activision...

2023-02-06T22:47:02Z

Adani to repay $1.1 billion loan early to ease pressure on subsidiaries' shares

By Geoffrey Smith Investing.com -- Gautam Adani and his family have gathered the funds to repay a $1.1 billion loan early, aiming to ease the pressure on the stocks of the Indian billionaire's portfolio companies. The Financial Times cited a...

2023-02-06T17:01:50Z

Lloyds Bank is offering savers 5.25% on 'top' account - plus £200 free cash to switch

Lloyds Bank customers get access to an exclusive savings account as well as free cash when switching.

2023-02-06T19:10:03Z

Rio Tinto's China fears: Beijing's big push for African iron ore to take toll on FTSE 100-listed miner

Work is well under way on a port to ship iron ore dug from the mountain region of Simandou, home to the largest untapped high grade ore deposit on earth.

2023-02-06T22:15:16Z

Britons reject TV licence fee means-testing as calls ramp up for it to be scrapped

An incoming Labour Government could reform the £159 annual TV licence fee to be means tested.

2023-02-06T20:10:27Z

Britain is 'still a player' in space race despite failed Cornwall satellite launch, says fund boss

Seraphim Space boss Mark Boggett said the UK attracts more investment in space projects than any other country apart from China and the US.

2023-02-06T22:15:05Z

Jobless could be put to work as waiters and bar staff

Britain’s jobless could be put to work as waiters and bartenders to ease the country’s labour shortage, Downing Street has said. Rishi Sunak’s spokesman suggested some of the nine million “economically inactive” people should plug gaps in the struggling hospitality sector. He was responding to complaints from Highclere Castle – the real-life Downto...

2023-02-06T16:31:23Z

Oil prices rise on China hopes, but Fed caution limits gains

By Ambar Warrick Investing.com-- Oil prices extended gains on Tuesday as markets held out for a swift recovery in Chinese demand this year, although anticipation of an address by Federal Reserve Chair Jerome Powell kept traders from making big...

2023-02-07T02:47:11Z

Housebuilders to meet Hunt for talks as industry tax bill soars

The bosses of Britain's biggest housebuilders will hold talks with the chancellor this week as they face a multibillion pound bill in the form of several new levies.

2023-02-06T18:15:41Z

Powell speaks, BP reports, Chipotle earnings: 3 things to watch

By Liz Moyer Investing.com -- Stocks drifted lower on Monday, unable to muster a rally ahead of a key appearance by Federal Reserve Chair Jerome Powell and the State of the Union address on Tuesday night. An exceptionally strong jobs report last...

2023-02-06T21:31:56Z

FTSE 100 backtracks from record high as housebuilders slip

FTSE 100 backtracks from record high as housebuilders slip - By the end of the day, London’s top index had declined by 65.09 points, or 0.82%, to 7,836.71p.

2023-02-06T18:05:15Z

Young people can apply to do an 'apprentices degree' in shake-up to fill UK skills gap

Thousands of young people are set to benefit from a wider choice, which could help fill the UK skills gap

2023-02-06T23:46:41Z

Liz Truss admits £45bn mini budget would have been scaled back if Bank of England warned on LDI crunch

Former prime minister Liz Truss has today admitted her calamitous mini-budget could have scaled back had she known about the existence of LDIs. Truss admitted in an interview with Spectator TV that she “didn’t know the existence” of LDIs – liability driven investments – that have a combined value of around two thirds of UK [...] The post Liz Truss admits £45bn mini budget would have been scaled back if Bank of England warned on LDI crunch...

2023-02-06T17:08:04Z

2023-02-06T18:06:49Z

Gold merger held up by price wrangle: Analysts question £14bn deal between US and Australian mining rivals

Newmont, the world's largest gold miner by output, and Newcrest are discussing an all-share deal that values the latter at around £14bn.

2023-02-06T22:15:06Z

Midday movers: Catalent, Newmont, Dell Technologies and more

By Liz Moyer Investing.com -- Stocks were falling on Monday as investors feared a strong jobs report would encourage the Federal Reserve to continue raising interest rates. Here are the midday movers for Feb. 6. Catalent Inc (NYSE:CTLT) shares...

2023-02-06T19:31:51Z

Sosandar chairman Bill Murray dies aged 58: Business leader who helped retailer become one of Britain's fastest-growing fashion brands

Fashion brand Sosandar has paid tribute to Murray, its non-executive chairman since January 2016, who had a rich history in business.

2023-02-06T16:47:51Z

ALEX BRUMMER: We cannot allow a repeat of the LDI meltdown - gambling with people's pensions is never a sound idea

Liz Truss complains in her mea culpa that no one at the Treasury warned her that her mini-Budget could have a devastating impact on pension funds.

2023-02-06T22:15:05Z

Scottish clothing retailer M&Co to shut all its 170 stores this Easter with almost 2,000 jobs set to be lost

M&Co - which used to be known as Mackays - was bought by AK Retail Holdings last week, but the purchase did not include its UK wide stores.

2023-02-06T22:15:04Z

'There's nothing selfish about striking for deep, profound change. It shows who cares'

My better half joined her colleagues from the ­teaching profession ­striking in central London last week. She’d do it again. She’s proud of her long-term commitment to the kids she teaches. She cares about their academic wellbeing, whatever special

2023-02-06T23:32:18Z

Nurses insist they will strike as 'long as it takes' as Barclay says 'no' to pay rise

The NHS was hit by the biggest industrial action in its history as nurses say Rishi Sunak is 'choosing strikes over talking'

2023-02-06T22:46:38Z

Sadiq Khan urges leaders of four London councils to drop their opposition to ULEZ expansion plan

Mr Khan wrote to the leaders of Bexley, Bromley, Harrow and Hillingdon councils over potential legal challenge to the ULEZ scrappage scheme, calling the measure 'wholly without merit'.

2023-02-06T21:23:40Z

Bank of England aggressive rate hikes send chill through UK construction economy

The Bank of England’s ten successive interest rate rises have sent a chill through the UK’s construction economy, a closely watched survey out today shows. Potential home buyers are shunning purchases due to mortgage rates flying higher, prompting house builders to rein in spending. S&P Global and the Chartered Institute of Procurement and Supply’s (CIPS) [...] The post Bank of England aggressive rate hikes send chill through UK construction...

2023-02-06T16:23:08Z

Australia trade balance shrinks more than expected in December

By Ambar Warrick Investing.com-- Australia’s trade balance shrank more than expected in December, data showed on Tuesday, driven largely by a fall in the exports of mineral fuels and mining goods, while imports increased slightly on demand for...

2023-02-07T01:31:59Z

Nissan’s Sunderland plant could make Renault and Mitsubishi cars if factory is competitive, top exec says

Nissan’s Sunderland plant could start producing Renault and Mitsubishi cars under the rebooted alliance between the Japanese and French car makers, but only if the factory is competitive, Nissan’s chief operating officer Ashwani Gupta said today. Gupta told journalists this afternoon that the move could happen depending on the factory’s competitiveness. “If Sunderland is competitive, [...] The post Nissan’s Sunderland plant could make Renault...

2023-02-06T19:08:02Z

Dick's Sporting Goods price target raised on shopper preferences

By Liz Moyer Investing.com -- Dick’s Sporting Goods Inc (NYSE:DKS) is gaining share from retail competitors, especially among higher income consumers and women, according to analysts at Cowen, which raised its price target on the stock. Cowen stock...

2023-02-06T18:31:51Z

Stock market today: Dow slips as Treasury yields jump to dent tech; Powell eyed

By Yasin Ebrahim Investing.com -- The Dow slipped Monday to start the week on the back foot as a jump in Treasury yields on bets of a more hawkish Federal Reserve following last week's red-hot jobs report spooked investors. The Dow Jones Industrial...

2023-02-06T21:46:56Z

Leveraged LDI pensions strategies ‘worsened last autumn’s financial turmoil’

Leveraged LDI pensions strategies ‘worsened last autumn’s financial turmoil’ - It is likely some pension scheme trustees were not aware of the potential implications of their LDI strategies, a House of Lords Committee said.

2023-02-07T00:03:55Z

Rail managers paid extra £50 an hour to break strikes

Strike-breaking rail managers were paid £50 an hour on top of their salaries to work on the front line during walkouts over Christmas, leaked documents show. Salaried workers could get as much as £6,500 in extra pay if they swapped the office for shifts on trains on strike days between Dec 19 and Jan 3. An additional £500 per day was paid to employ...

2023-02-06T20:02:01Z

Beyoncé and Jay-Z's billion-dollar luxury lives revealed

Discover how Beyoncé and Jay-Z really created their billion-dollar music and business empire.

2023-02-06T18:40:32Z

How do we get Britain's economy growing again? Watch the STRICTLY BUSINESS debate on bringing back growth

Do Rishi Sunak and Jeremy Hunt risk locking the nation into a doom loop of slow growth and rising taxes? Alex Brummer and Ruth Sunderland debate the issue.

2023-02-06T18:02:51Z

Only economic ‘war footing’ can beat Biden’s subsidy blitz

Britain must shift to economic “war footing” with a wave of reform or risk being left behind by President Joe Biden's massive programme of subsidies, business leaders will warn on Tuesday. In a letter to the Prime Minister Rishi Sunak, the chief executives of Virgin Atlantic, Coutts, Heathrow Airport and Rolls-Royce’s nuclear power project will dem...

2023-02-06T19:57:04Z

‘Britcoin’: Bank and Treasury explore the need for a digital pound

The Bank of England and Treasury are exploring launching a digital pound in a move that officials claim would firm up financial stability in Britain. “No decision has been taken at this stage,” the pair’s experts said yesterday, but added that what some are dubbing ‘Britcoin’ is “likely to be needed in the future”. The [...] The post ‘Britcoin’: Bank and Treasury explore the need for a digital pound appeared first on CityAM.

2023-02-06T22:35:06Z

Used Motorcycle Sales In Italy Soar In January 2023

The Italian market saw a five-percent increase in transfers of ownership in January, 2023.

2023-02-07T02:39:11Z

Cost of Living: Hundreds of struggling West London families gifted electric blankets and air fryers to help save money this winter

The items are going to residents who have been identified as most in need

2023-02-06T21:36:56Z

Pinterest shares fall after missing on revenue expectations

Investing.com -- Pinterest Inc (NYSE:PINS) shares weakened in after-hours trading after it missed expectations for fourth-quarter revenue. Earnings per share of 29 cents beat the expectation of 27 cents but revenue of $877 million was short of...

2023-02-06T22:47:02Z

RBA raises interest rates as expected, says more hikes in store

By Ambar Warrick Investing.com-- The Reserve Bank of Australia raised interest rates as expected on Tuesday and flagged more hikes this year as it moves to control overheated inflation, but also warned that economic growth is likely to slow in the...

2023-02-07T04:32:10Z