FTSE 100 opens down 2.2% by 144 to 5757 points as data shows slump in UK housing market – after government put brakes on lockdown easing and Trump threatened $1trillion tariffs on China The FTSE 100 of Britain’s biggest firms opened down by 144 or 2.2 per cent Newly released figures show house prices were … Read more
Lloyds Banking Group saw its first quarter profits practically wiped out as the financial impact of the coronavirus pandemic mounts. The bank. which is Britain’s biggest lender, saw its first quarter profits plummet by 95 per cent, from £1.6billion to £74million. The lender has been forced to set aside a whopping £1.43billion to cover the … Read more
When the coronavirus became an issue early this year there was much loose talk about it being no more than a cold. But with deaths at more than 27,000 in the UK (including care homes), and worldwide infections at above 3m, this is a human tragedy beyond imagination. Similarly, it was easy to regard the … Read more
Profits at Adidas slump 93% as it reports more than half of its business still at a standstill By Daily Mail City & Finance Reporter Published: 22:17 BST, 27 April 2020 | Updated: 22:17 BST, 27 April 2020 Profits at Adidas slumped 93 per cent as it reported that more than half of its business … Read more
The slump in demand for electricity has been worse than previously thought and could knock British Gas owner Centrica hard, according to analysts at Jefferies. The utility giant was among the biggest fallers on the FTSE 100 after the US investment bank downgraded its stock from ‘buy’ to ‘hold’, slashed earnings forecasts by a third … Read more
London’s major mining companies led the FTSE 100 lower after a warning from BHP struck a nerve. The Anglo-Australian miner said global steel production – excluding China – could drop sharply this year due to the pandemic. Although it didn’t offer a specific figure, BHP said it could fall by double digits in percentage terms. … Read more
The great oil price crash: Brent crude benchmark hits 21-year low in wake of drastic US slump By Hugo Duncan for the Daily Mail Published: 23:11 BST, 21 April 2020 | Updated: 23:15 BST, 21 April 2020 The oil price in London crashed to a 21-year low just hours after US crude tumbled into negative … Read more
UK economy losing £2bn every day in deepest slump since Great Depression By Hugo Duncan And Ruth Sunderland For The Daily Mail Published: 22:29 BST, 16 April 2020 | Updated: 22:29 BST, 16 April 2020 The coronavirus lockdown has already wiped £50 billion off the economy as the UK plunges into the deepest slump since … Read more
Some of America’s largest banks set aside £20bn to cover cost of loans turning sour in coronavirus slump By Daily Mail City & Finance Reporter Published: 22:06 BST, 15 April 2020 | Updated: 22:36 BST, 15 April 2020 Some of America’s largest banks have set aside £20 billion to cover the cost of loans turning … Read more
The £7 trillion cost of the Great Lockdown: IMF warns slump will be worst since the Great Depression of the 1930s By Ruth Sunderland Business Editor For The Daily Mail Published: 22:45 BST, 14 April 2020 | Updated: 23:07 BST, 14 April 2020 The economic slump from the deadly coronavirus will be the worst since … Read more