Global stock markets were rattled by fears a second wave of coronavirus infections could be on the horizon. The FTSE 100 dropped below 6000 at one stage yesterday after nearly 80 new cases were recorded in the Chinese capital Beijing over the weekend. Before the latest spate of infections, the city had gone without new … Read more
MARKET REPORT: Pearson surges on hopes an activist investor will help the education publisher turn the page on a dismal few years By Francesca Washtell For The Daily Mail Published: 22:02 BST, 12 June 2020 | Updated: 22:02 BST, 12 June 2020 Pearson surged on hopes an activist investor will help the education publisher turn … Read more
Pub groups were on the rise as investors cheered moves to reopen the hospitality sector. Ministers are said to be looking at whether pubs, restaurants and cafes could be back in action by June 22, rather than July 4, in a bid to ‘save the summer’. A reduction to Britain’s two-metre social distancing rule to … Read more
MARKET REPORT: Car maker Aston Martin and dealership Lookers speed in opposite directions as they announce a total of 2,000 job cuts By Matt Oliver For The Daily Mail Published: 22:15 BST, 4 June 2020 | Updated: 22:15 BST, 4 June 2020 Car maker Aston Martin and dealership Lookers sped in opposite directions as they … Read more
Dealmaking appears to be returning to the property sector as investors look to bag a bargain during the market slump. Shares in shopping centre owner British Land climbed 2.5 per cent, or 10.1p, to 407.3p after Canadian investment firm Brookfield Asset Management snapped up a 7.3 per cent stake. Traders also welcomed the news that … Read more
MARKET REPORT: China’s decision to abandon a key economic target and rising tensions with US casts pall over stock markets as week draws to a close By Francesca Washtell For The Daily Mail Published: 22:06 BST, 22 May 2020 | Updated: 22:06 BST, 22 May 2020 China’s decision to abandon a key economic target and … Read more
The FTSE 100 surged above 6000 last night amid hopes that a coronavirus vaccine and more stimulus measures could power an economic recovery. As global markets rallied, the Footsie rose 4.3 per cent, up 248.82 points, to 6048.59. This marked its highest close this month and its biggest one-day percentage jump since late March. Traders … Read more
The recent boom in online grocery sales will bring long-term gains for Ocado, Berenberg analysts believe. Ocado has been one of the few winners on the stock market during the recent rout – with shares up 50 per cent so far this year – as shoppers shunned stores and turned to deliveries amid the coronavirus … Read more
MARKET REPORT: Cruise operator Carnival loses more steam after US Congress looks into how it handled coronavirus outbreak on its ships By Francesca Washtell For The Daily Mail Published: 22:10 BST, 4 May 2020 | Updated: 22:10 BST, 4 May 2020 Cruise operator Carnival lost more steam after the US Congress began looking into how … Read more
Testing has always been key to battling coronavirus. But, now that governments are shifting their attention to easing lockdown restrictions, testing both for the active virus and the evidence someone has already had it are more important than ever. Two British pharmaceuticals groups shone on AIM yesterday on their testing-related milestones. Novacyt has inked a … Read more