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Tag Archives: mostread_all

Sunday newspaper round-up: Tesco, National Grid, Morrisons

Tesco‘s pension fund lost £9bn in value and fell into a deficit after multiple safe investments went sour. In particular, the fund is heavily exposed to so-called Liability Driven Investments. Those LDIs came unstuck in 2022 following a sharp rise in interest rates that left pension funds nursing heavy losses. …

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Sunday share tips: Billington Holdings, Henry Boot

The Financial Mail on Sunday‘s Midas column touted shares of steel group Billington Holdings. The tipster highlighted the company’s move into multiple high-growth fields, ranging from movie studios to renewable energies, data centres or online warehouses. Among its green projects was the recent construction of energy-from-waste plants, including that at …

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Monday newspaper round-up: Recession, Saga, National Grid

The UK’s impending recession could be twice as bad as previously thought, according to leading economic forecasters at the business consultancy EY. Reduced government support, higher taxes and an overall worsening outlook have all led the firm’s analysts to conclude that the next three years could be worse than they …

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Royal Mail swings to loss on pay dispute, cuts dividend

Royal Mail owner International Distributions Systems swung to a half-year loss, blaming weak parcel volumes and strikes at the UK postal carrier, and also axed its interim dividend. Reported pre-tax losses came in at £127m, compared with a profit of £315m a year earlier. The company also said it would …

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London open: FTSE falls after hawkish Fed comments

London stocks fell in early trade on Wednesday as investors mulled hawkish Fed comments and eyed the latest reading on the UK construction sector. At 0905 BST, the FTSE 100 was down 0.3% at 7,594.74. Overnight, Federal Reserve governor Lael Brainard said the US central bank could start reducing its …

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London open: Stocks rise on Ukraine peace talk hopes

London stocks rose in early trade on Tuesday amid hopes of progress in Russia-Ukraine peace talks. At 0910 BST, the FTSE 100 was up 0.7% at 7,526.55. Russ Mould, investment director at AJ Bell, said: “Having tripped over on Monday afternoon amid concern about China lockdowns and the conflict in …

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