Tag Archives: Stock markets

The British pound has dropped below $1.14 for the first time since 1985 as a combination of dollar strength and recession warnings weighed on the U.K.’s currency. Sterling fell as low as $1.135 at 8:50 a.m. London before rising slightly to $1.1378, marking a fresh 37-year low. It followed the …

Royal Mail falls 7.2% Royal Mail fell 7.2% in afternoon trade following a second day of strikes by U.K. postal workers. Shares of the former state postal monopoly fell close to the bottom of the Stoxx 600 after the second day of walkouts over pay. Royal Mail staff are planning …

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. UK government borrowing fell in December thanks to a rise in tax receipts, despite a jump in the cost of repaying the national debt. Public sector net borrowing, excluding state banks, …

Andy Haldane caused quite a stir this month when he suggested the economy was like a coiled spring waiting to go off. As the Bank of England’s chief economist has discovered, it’s harder to be a Tigger than an Eeyore. Predictions of impending disaster tend to be forgotten even when …

Check out the companies making headlines before the bell: Walmart (WMT) – Walmart reported adjusted quarterly earnings of $1.39 per share, which includes a 7-cent impact from UK tax repayment. The consensus estimate had been $1.50. Revenue did beat forecasts, and US comparable sales excluding fuel were up 8.6% compared …

“Post-Brexit border disruption”, and rising demand as Covid-19 restrictions are eased, will both push up prices, he explains, along with a looming energy … Source link

U.S. President Donald Trump. Photograph: Yuri Gripas/Reuters Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. Fighting a war on multiple fronts is never easy — you risk losing focus, fighting the wrong battles, and creating too many foes to …

Britain’s Prime Minister Boris Johnson smiling in the House of Commons in London on October 19, 2019, during a debate on the Brexit deal. Photograph: Jessica Taylor/UK PARLIAMENT/AFP via Getty Images Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. …