Moving Markets Today: S&P 500 Inches Closer to 5,000, Japanese Stocks Hit 34-Year High, Arm Shares Surge 55%, Eyes on PepsiCo Earnings and Fed commentary The S&P 500 stock index …
Personal Finance
Disney stock records best day since 2020; equity analysts raise price targets
Disney shares surged dramatically on Thursday, marking their most remarkable single-day rally in the past decade, propelled by an exceptional earnings report. However, despite this surge, the entertainment giant is …
Labour confirms £28bn green investment pledge has been scrapped
Labour has confirmed its £28bn green investment pledge has been scrapped in a major U-turn. The party announced today it could not commit to the previous promise to invest £28bn …
London Metal Exchange faces legal action over trading in ‘dirty metals’
The London Metal Exchange (LME) is set to defend itself after legal action was filed in the English High Court by eco groups over it “trading in dirty metals”. Global …
Bank of England’s Mann warns of ’embedded’ inflation risk if demand picks up
Improving prospects for the UK economy could strengthen demand and risk “continued inflation momentum”, a Bank of England rate-setter cautioned today. Catherine Mann, one of two members of the Bank’s …
Bluesky: After Mastodon and Threads, the latest challenger to X hits a million users on day one, but can it survive?
Bluesky, a new rival to Elon Musk’s X platform, has seen over one million new users since it opened yesterday. It takes the total tally of users for the new …
Kellogg’s puts 360 UK jobs at risk with plans to close factory
Kellogg’s has put hundreds of UK jobs at risk after revealing plans to close one of its major factories. The site in Trafford Park, Greater Manchester, could cease operations by …
Former TV boss succeeds Ultimate Products’ founder as chief executive
The founder of Ultimate Products has stepped down as chief executive after a successor was appointed. Simon Showman founded the Greater Manchester-based listed company in 1997 and has led it …
Profit at Societe Generale slumps 60 per cent as boss calls 2023 ‘year of transition’
Continued weakness in retail banking caused quarterly profits to slump at Societe Generale as boss Slawomir Krupa faced more scrutiny on his plans to turn around the bank. Revenue in …
Yodel’s future close to being decided amid administration reports
Yodel has declined to comment on reports that the delivery giant is preparing to call in administrators. Reports in The Times and The Daily Telegraph late yesterday evening revealed the …