The AIC Financial Blog

DANCING AROUND THEIR HANDBAGS

Shares in LVMH, the French luxury brand conglomerate run by billionaire Bernard Arnault, fell on Tuesday (28 Jul) following news that second quarter sales had slumped 38% and that profits had nosedived 68% in the first half of the year amid what’s expected to be the...

CHIPS AND DIPS…

Despite announcing better than expected second quarter results last Thursday (23 Jul), shares in the chipmaking giant Intel plummeted more than 16% the following day on the news that shipments of its critical next-generation chips could be delayed at least a year....

CALL TERMINATED: UK BANS HUAWEI FROM 5G

Chinese telecom giant Huawei will be completely removed from the UK’s 5G network by the end of 2027, the UK government confirmed on Tuesday (14 Jul). The decision is a reversal of its January announcement that excluded ‘high-risk’ vendors such as Huawei from...

OPEN ALL HOURS? SHOPS FINALLY RE-OPEN

For the first time in almost three months, non-essential shops in England were allowed to reopen on Monday (15 Jun), which saw lengthy shopping queues appear outside the likes of Primark. The discount fashion retailer, which is owned by Associated British Foods,...