Tag Archives: Global economy

Good morning. There’s no shortage of news for Unilever at the moment. After its disastrous £50bn move on GSK’s consumer arm – which was firmly rebuffed by the pharmaceutical giant and lambasted by shareholders – it’s now planning to slash thousands of jobs. The cuts are said to target numerous …

Good morning. Retail data dominates the agenda today, with sales figures for November due out at 7am. They’re expected to show a contraction in spending last month, with a large number of retailers closed due to heightened restrictions in much of the UK. It’s scheduled to be quiet on corporate …

Good morning. The latest official data on UK retail sales, set for release at 7am, is expected to show a slowdown during August amid the impact of the Treasury’s hugely-popular Eat Out to Help Out scheme. Elsewhere, it’s a typically quiet Friday, with European stocks expected to drift slightly lower …

Fellow mid cap Royal Mail wiped out most of Friday's gains, dropping 8.7p to 225p after hitting a one-year high last week following a strong … Source link

Divestment speculation gave a Friday boost to London Stock Exchange Group. The exchange operator rose after rival Euronext confirmed plans to submit an offer to buy Borsa Italiana, the Italian stock exchange, for an expected  value of €3.5bn (£3.2bn) to €4bn. Euronext said further details would be announced when appropriate. …

Hot on its heels was BT, which jumped 8.1p to 106.1p after Berenberg raised its outlook for the group’s shares. In a note to clients, analyst Carl Murdock-Smith wrote that sentiment about the telecoms group was “on its knees”, but added “its significant under-performance and scope for improved sentiment over …

'Czech Spinx' raises Royal Mail stake further. Daniel Kretinsky, the billionaire known as the Czech Sphinx, has upped his stake in Royal Mail again, … Source link

… have raised speculation that he may soon begin actively trying to influence the group's future direction. Royal Mail shares rose 2p to 184p on Friday. Source link

The energy tycoon also praised Royal Mail's “tradition, history and importance of the public service it provides”. The appearance of his fund, Vesa Equity … Source link

3) Wife of advertising tycoon Sir Martin Sorrell files for divorce: Lady Cristiana Falcone Sorrell and Sir Martin, former boss of advertising giant WPP, have been married for 12 years and have a young daughter. 4) Disney has announced the surprise early replacement of its chief executive Bob Iger, ending his 15-year run …