Britain’s biggest cities have lost almost a year’s worth of sales during the coronavirus pandemic as lockdowns and a lack of office workers and tourists caused a collapse in consumer spending. As offices have started to reopen following the relaxation of plan B restrictions, the Centre for Cities said Covid-19 had “levelled down” historically more prosperous high street destinations. - Guardian .
Wall Street stocks closed slightly higher on Monday as market participants piled on battered tech stocks following a sharp sell-off at the end of last week.
Wall Street stocks were sharply lower yet again early on Monday as market participants braced for another week of corporate earnings and a key policy decision from the Federal Reserve Bank.
European shares were walloped at the start of the week amid rising tensions on the border between Russia and Ukraine, even as investors were aleady fretting about the pace of potential interest rate hikes in the US.
London stocks closed well below the waterline on Monday, after a survey showed that business growth in the UK slid to an 11-month low in January, while growing tensions between Russia and Ukraine also weighed on sentiment.
The market spotlight on Tuesday will be on the UK government's finances at the end of 2021 and an update from US technology giant Microsoft.
The arrival of the Omicron variant in the US brought activity in the country's services sector to a near standstill, the results of a closely-followed survey revealed.
London’s FTSE 100 was down 2. 3% at 7,323. 40 in afternoon trade on Monday.
Bank of America Merrill Lynch upgraded Hargreaves Lansdown to 'buy' for the first time on Monday as it said the company's gearing to rate rises and potential benefits from increased engagement in share trading are underappreciated.
Energean disclosed a number of share sales related to its non-executive director Efstathios Topouzoglou on Monday, worth more than £6m.
The FTSE 250 was down 3. 3% at 21,499. 57 at 1510 GMT as stocks were hit by a global sell-off as tensions in Ukraine heightened.
Hurried grocery delivery firm Getir took the wraps off bold UK expansion plans on Monday, involving up to 6,000 new jobs.
Cake Box noted the slump in its share price on Monday and cited recent commentary from a retail investor blogger regarding transcription errors in its full-year results.
Kohl’s share price soared in early morning trading on Monday after a private equity firm was reported to be lining up a rival bid for the in-demand US department store chain.
Calls by a senior Conservative backbencher to scrap a planned UK National Insurance rise have been dismissed by the prime minister.
Streaming giant Netflix could lose as many as 750,000 UK subscribers as rival Disney takes back exclusive control of titles like Modern Family, How I Met Your Mother, and Sons of Anarchy as part of an effort to bolster its own platform.
Croma Security Solutions has entered into a new strategic partnership with biometric identity authentication and payments platform FinGo, it announced on Monday.
Gold prices pushed higher on Monday, fuelled by ongoing geopolitical concerns and rising inflation.
Unite is to ballot staff at the Financial Conduct Authority over potential industrial action, the union confirmed on Monday.
Bank of America Merrill Lynch upgraded Hargreaves Lansdown to ‘buy’ for the first time on Monday as it said the company’s gearing to rate rises and potential benefits from increased engagement in share trading are underappreciated.
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