London markets make gains after strong trading in US

London markets make gains after strong trading in US

T he FTSE crawled back to positive territory as a strong opening on Wall Street helped to offset early worries over the latest wave of coronavirus in China. Asia’s main markets all slumped early on Thursday, dragging back trading in London and elsewhere in Europe amid concern about a fresh surge of the virus following … Read more

FTSE 100 Live 28 November: London shares fall as global investors track China protests

FTSE 100 Live 28 November: London shares fall as global investors track China protests

1669625116 Brickability shares rally after build-up in customer base powers profit growth Shares in Brickability rallied after the building products distributor said its move to extend its customer base helped it lift profits, even as clouds started to gather over the house market amid rising interest rates and the cost-of-living crisis. The AIM-listed company reported … Read more

Madonna shares rare photo with all six of her children at Thanksgiving

Madonna shares rare photo with all six of her children at Thanksgiving

Madonna with her six children, Lourdes Leon, 26, Rocco Ritchie, 22, David Banda, 17, Mercy James, 16, and ten-year-old twins Stelle and Estere Ciccone. Photo / Instagram Pop icon Madonna celebrated Thanksgiving in New York over the weekend, gathering with her six children and sharing a rare photo of the family all together. The mother … Read more

Persimmon predicts drop in house prices

Persimmon predicts drop in house prices

O ne of the UK’s biggest developers predicted a drop in house prices next year as rising interest rates, the cost-of-living crisis and a likely recession bite into the market. Persimmon predicted “a deterioration in average selling prices” even as it said the “recent and rapid change in market conditions” meant it was too early … Read more

Amazon (AMZN) Q3 2022 Earnings Call – Shacknews

Amazon (AMZN) Q3 2022 Earnings Call – Shacknews

Amazon (AMZN) Q3 2022 Earnings Call  Shacknews Amazon stock sinks 20% on weak fourth-quarter guidance  CNBC Amazon faces a profitability headwind from e-commerce, says D.A. Davidson’s Tom Forte  CNBC Television Amazon misses on holiday forecast and cloud growth, profit; stock plunges 20%  MarketWatch View Full Coverage on Google News

Pound spikes as Jeremy Hunt cuts energy bills help

Pound spikes as Jeremy Hunt cuts energy bills help

Britain is to be plunged into a deeper recession by Liz Truss’s corporation tax U-turn and the mini-Budget market turmoil, economists warned, as the City braced for more wild swings in the pound and bonds. Forecasters warned that the UK economy’s downturn will last well into next year as new Chancellor Jeremy Hunt promised to … Read more

Kwarteng summons bank bosses for meeting amid mortgage crisis

Kwarteng summons bank bosses for meeting amid mortgage crisis

Good morning. Elon Musk is on course to buy Twitter after reviving a takeover offer for the company. The world’s richest person has caved to Twitter’s legal demands to buy the social media network for $44bn just days before a court battle over the deal was due to begin. Twitter’s shares on the New York Stock … Read more

Truss in talks with Norway to supply gas for 20 years 

Truss in talks with Norway to supply gas for 20 years 

The UK is trying to strike a long-term deal for gas supplies from Norway as concerns grow over energy security.  Ministers are in talks with Norwegian counterparts about prices for a potentially 20-year gas supply contract, Bloomberg reported.  Norway is already the UK’s largest supplier of gas, but there is growing competition for its gas … Read more

Tax climbdown will fail to steady pound, warn economists, as FTSE slumps

Tax climbdown will fail to steady pound, warn economists, as FTSE slumps

Good morning.  Sterling fell 0.19pc to $1.1144 in early trading, however it has rebounded strongly since the Bank of England announced it would buy as much government debt as needed to restore order. The Bank of England was last night liaising with Swiss authorities after an attempt by Credit Suisse to calm nerves instead stoked fears … Read more