Heineken shares drop on near-£750m China impairment charge July 29, 2024 Heineken has taken a €874m (737m) impairment charge on its investment in China’s largest brewer, leading it into the red and causing shares to drop by seven per cent in early trades. The impairment charge led to a first-half net loss of €95m (£80m) for the brewer, down from profit of €1.1bn (£930m) in the [...]
Why doesn’t the UK government run its own venture capital funds, like China? July 24, 2024 With how essential venture capital is to the UK economy, why isn't the government running its own VC funds?
FTSE 100 today: Blue-chip set to rise ahead of key earnings reports July 22, 2024 Asian stocks fell as Joe Biden exited the election race, China cut rates. Focus on earnings reports from major tech and banking firms.
Artisanal Spirits: Whisky specialist reports strong growth despite China slowdown July 18, 2024 The Edinburgh-based brand reported that earnings before interest, tax, amortization and depreciation (EBITDA) increased by £1m year on year.
China’s Q2 GDP below expectations, fuels calls for ongoing stimulus July 15, 2024 China's economy expanded by 4.7 per cent in the second quarter of the year compared to the same period last year.
Uniqlo pushes for third year of record profit despite China slowdown July 12, 2024 Uniqlo’s parent company Fast Retailing has raised its profit forecast for the year on strong domestic and overseas demand, despite a significant slowdown in Chinese demand. The company lifted its full-year operating profit forecast to 475bn yen (£2.3bn) for the year ending August, up from 450bn yen. Revenue rose to 86.8bn in the third quarter, [...]
FTSE 100 today: London markets set for third consecutive day of gains July 12, 2024 Asian stocks slipped as US tech shares fell, and the two-year Treasury yield dropped to a four-month low. Focus on US producer prices.
FTSE 100 today: London markets set to open higher ahead of BOE’s Pill and Mann speeches July 10, 2024 Asian markets are mixed as investors digest inflation reports from China and Japan. Attention is now on speeches by Fed and BOE policymakers.
China’s CPI inflation at three-month low in June, spurring economic stimulus talks July 10, 2024 China's consumer price inflation slowed to a three-month low in June, while producer prices remained in deflationary territory.
FTSE 100 today: London markets to open higher on rate cut wagers July 3, 2024 Asian stocks surged on rate cut expectations, with the yen near 38-year lows. Focus on Fed minutes, ISM services PMI, and UK elections.
