Friday, 24 Jan 2020

Business

FTSE 100 climbs 1pc after WHO tempers China virus fears

London’s main index rebounded sharply on Friday as investor nerves were eased after the World Health Organisation issued a measured assessment of the new coronavirus in China, though Just Eat slid on a probe of its buyout by Takeaway.com. The new SARS-like virus has killed 25 people and infected more than 800 so far. While […]

Mum saves £1,100 on new bathroom using eBay and Amazon bargains

Debi Smith was desperate for a bath in her new home to help ease the pain from her fibromyalgia, a long-term condition she's been living with. But when the 47-year-old asked a builder for a quote she was told it would be £3,500 for labour alone. Debi, who works as a cleaner in a school, […]

Shares hold ground as China virus fears persist; euro hits seven-week low after ECB

TOKYO (Reuters) – Asian shares held their ground on Friday as trade slowed for the Lunar New Year, despite investors fears that a new coronavirus in China could spread faster as millions of people would be traveling over the week-long holiday. Markets had steadied overnight, as investors took some solace from the World Health Organisation […]

Comcast's growth in broadband customers offsets fourth-quarter cord-cutting

(Reuters) – Comcast Corp’s (CMCSA.O) bid to counter cord-cutting with profitable broadband customers continued to pay off in the fourth quarter, as the company on Thursday beat Wall Street’s revenue and profit estimates. The Philadelphia-based cable company reported fourth-quarter revenue of $28.4 billion, beating the Wall Street consensus estimate of $28.17 billion, according to IBES […]

Asos revenue smashes through the €1bn mark

Asos revenues smashed through £1bn (€1.2bn) in the four months that covered the Christmas period, a 20pc rise compared to the same period a year before. The business said that total retail sales hit £1.07bn (€1.27bn), while group revenue reached almost £1.11bn (€1.3bn). Just under 40pc of retail sales came from the UK, as it […]

Boeing delays 777X plane's first test flight due to bad weather

(Reuters) – Boeing Co (BA.N) said on Wednesday it was delaying 777X airplane’s first test flight, which was scheduled to take place on Thursday, due to bad weather. Boeing said it was currently assessing the possibility of conducting the test flight on Friday. Source: Read Full Article

Stocks edge up, oil drops as China virus worries abate

NEW YORK (Reuters) – World stock markets gained back some ground on Wednesday as investors took heart from measures to curb the spread of a flu-like virus from China, while oil prices tumbled on a forecast for a market surplus. Worries about contagion of the coronavirus and its effect on the global economy, particularly as […]

S&P, Nasdaq hit new highs on waning China virus fears, earnings

(Reuters) – The S&P 500 and the Nasdaq hit fresh all-time highs at the open on Wednesday, as investors took heart from China’s efforts to contain a virus outbreak and a strong forecast from IBM. The Dow Jones Industrial Average .DJI rose 67.59 points, or 0.23%, at the open to 29,263.63. The S&P 500 .SPX […]

Sainsbury’s CEO Mike Coupe to quit as supermarket confirms hundreds of job cuts

Sainsbury's boss Mike Coupe has announced plans to step down as the grocer's chief executive, just hours after confirming hundreds of job cuts. After almost six years as in the role and fifteen years working for Sainsbury’s, Coupe will retire in May 2020. Sainsbury's chairman Martin Scicluna, said: "Mike has spent more than fifteen years […]