RED PERIL FOR BT

Shares in BT stumbled last week as the Labour Party announced plans to part-nationalise it to provide free broadband, should it win the election on 12 December. Proposals to nationalise BT’s Openreach network and parts of BT Technology, BT Enterprise and BT...

BREXIT COULD TRIGGER UK RATING CUT

Ratings agency Moody’s warned on Friday (8 November) that the UK’s credit rating could be cut further due to the uncertainty of Brexit and rising UK debt levels. It downgraded its outlook on UK credit from stable to negative, stating the...

GREGGS’ RESULTS PUT CHERRY ON TOP

Bakery chain Greggs saw its shares rise around 14% on Monday (11 November) after it raised its profits forecast. It reported sales grew 12.4% in the six weeks to 9 November in an improving sales pattern, driven by more customers visiting its shops, leading it to...

US EARNINGS SEASON OPENS

Another US earnings season kicked off on Tuesday (15 October) with four of the ‘big six’ US banks – JPMorgan Chase, Goldman Sachs, Citigroup and Wells Fargo – first out the gate. Despite the challenges presented by falling interest rates,...

EXCHANGING FIRE: LSE TAKES A HIT

On Tuesday (8 October) shares in the London Stock Exchange (LSE) suffered their biggest one-day correction since the Brexit referendum in 2016 when Hong Kong Exchanges and Clearing decided to walk away from its unsolicited £32bn bid for the business. The surprise...

DON’T JUST BOOK IT…

After limping along for a decade, the world’s oldest travel agent, Thomas Cook, collapsed last week (23 September) under the weight of its £1.7bn debt pile. It began life in 1841, offering day trips between Leicester and Loughborough and it became the UK’s...