In MACRO, ENERGY & CRYPTO NEWS, we look at China repercussions, prospects for European interest rates, consequences of high energy prices on Europe, Shell’s massive purchase, an onshore U-turn and BlockFi’s failure. In TECH NEWS, Musk moans about Apple, Meta gets another fine and the “legal but harmful” clause is removed. In RETAIL & LEISURE NEWS, offers abound, Superdry tries to source finance, Boohoo eyes Revolution and Marston’s feels a World Cup boost. In INDIVIDUAL COMPANY NEWS, Disney outlines its strategy and Rolls-Royce tests a hydrogen engine. AND FINALLY, I show you how to decorate a Christmas tree…
In MACRO, ENERGY & CRYPTO NEWS, China frustration spills into civil unrest, global inflation could have peaked, Rolls-Royce homes in on an SMR site, a British nuclear fusion start-up plans a reactor and crypto fraud booms. In CONSUMER SPENDING/RETAIL TRENDS NEWS, US restaurants and grocers tussle, British retailers hope consumers will spend, beverages companies benefits from a spirits boost, free newspapers look vulnerable and UK house-buying demand falls. In EV-RELATED NEWS, Great Wall launches in the UK and Britishvolt abandons Canada plans. AND FINALLY, I bring you a Christmas eating plan and Yorkshire pudding-flavoured beer
In MACRO & CRYPTO NEWS, Spain imposes windfall taxes, Sweden hikes its interest rate and Malaysia gets a new PM while crypto investor DCG reveals dodgy dealings and Binance launches a “crypto recovery fund”. In RETAIL & CONSUMER SPENDING TRENDS NEWS, B&Q sales rise, Hornby is on track, Jet2 gets an uplift but Dr Martens suffers. In REAL ESTATE NEWS, commercial real estate looks vulnerable and rental demand booms. In INDIVIDUAL COMPANY NEWS, Apple’s Foxconn problems persist and Arrival gets a new superhero AND FINALLY, I bring you an amazing guitarist…
In MACRO & ENERGY NEWS, European business confidence plumbs new depths, Uniper’s bailout is going to cost double and Rolls-Royce appeals for SMR funding. In REAL ESTATE NEWS, China boosts its property sector, UK commercial property values fall and Virgin axes 5% deposit mortgages. In LEISURE, RETAIL & EMPLOYMENT NEWS, we see how much train driver strikes will cost the leisure industry and online retailers see the bubble burst while Pets At Home and Halfords falter as some employers take on new staff and Johnson Matthey makes big cuts. In INDIVIDUAL COMPANY NEWS, Deere does well but De La Rue has a ‘mare. AND FINALLY, it’s about time for a bit more Pomplamoose mash-up action…
In MACRO, ENERGY & CRYPTO NEWS, the OECD is down on the UK, European gas prices rise and the FTX repercussions continue to surface. In TECH NEWS, there are signs that Chinese gaming will relent, Musk continues his Twitter reshuffle, Meta gets a warning, the UK’s Digital Services Tax rakes it in and Apple and Google face an inquiry. In CONSUMER TRENDS & RETAIL NEWS, mortgages rates soften, consumers impose spending limits, HP is the latest to react to weakening PC demand and AO upgrades despite losses. In MISCELLANEOUS NEWS, carmakers push back on Biden’s anti-China stance, SocGen does a partial merger with Alliance Bernstein and ESG funds face challenges. AND FINALLY, I bring you a selection of Christmas sandwiches…
In ENERGY NEWS, Sinopec signs a massive deal with Qatar, Eskom’s money troubles persist and nuclear fusion gets more funding. In EV-RELATED NEWS, Tesla supplier warns of graphite issues, Pod Point has a profit warning, Ikea pours money into car charging and Domino’s invests in EVs. In SOCIAL MEDIA/APP NEWS, Twitter sheds more jobs, the FCA warns of trading gamification, dating apps suffer and Grindr looks vulnerable. In INDIVIDUAL COMPANY NEWS, Disney looks forward, Beyond Meat has issues, Compass bounces back and Virgin Money pays out. AND FINALLY, I bring you Christmas-dinner-in-a-can and Pringles Mingles…
In MACRO & CRYPTO NEWS, the UN climate summit ends in discord, Malaysia has a hung parliament, UK economic output falls and FTX owes big to creditors. In CONSUMER & BUSINESS TRENDS NEWS, the clock’s ticking for US consumers, thrifty UK consumers dent the hospitality sector, the majority of advertisers cut TV spend and the stock of office space in England falls sharply. In CAR-RELATED NEWS, there’s a risk European initiatives could go stateside and a Sony-Honda venture is on the cards. In INDIVIDUAL COMPANY NEWS, Disney’s old chief returns, Arm’s London listing is postponed and Wendy’s eyes UK expansion. AND FINALLY, I bring you impressive form from a baby of a classic strongman move…
In MACRO & CRYPTO NEWS, we look at the Autumn statement, FTX’s failure and China’s latest Covid outbreak reaction. In CONSUMER TREND & RETAIL NEWS, US used car sales weaken, Fuller’s takes a hit, Burberry sees sales outside the UK, Macy’s and Kohl’s suffer, Alibaba has a shock loss, Ocado targets Asia and Lidl quadruples its profits. In TECH NEWS, SoftBank is owed by Son, Activision Blizzard games go offline, Ireland suffers a tech hangover and the UK gets a new internet watchdog with teeth. In INDIVIDUAL COMPANY NEWS, Siemens and ThyssenKrupp have contrasting fortunes and Crest Nicholson holds back. AND FINALLY, I bring you the super-secret spy HQ above a Greggs…
In MACRO, ENERGY & CRYPTO NEWS, China potentially relents, Russia falls into recession, the ECB warns of financial instability, Hunt is to unveil the Autumn Statement, SSE rakes it in and the crypto drama continues with Genesis and bitcoin shenanigans. In RETAIL & CONSUMER-RELATED NEWS, Target misses targets, British farming suffers and used car prices fall. In TECH NEWS, Micron cuts production, Nexperia’s acquisition is blocked and Musk wants Twitter staff to go hardcore. In INDIVIDUAL COMPANY NEWS, Airbnb aims to boost supply, Deliveroo quits Oz and JLR loses its chief. AND FINALLY, I bring you one of the funniest things I have ever seen…
In MACRO, ENERGY & CURRENCY NEWS, central banks aim for smaller rate rises, China’s economy takes a Covid hit, Japan’s economy goes into reverse, Germany completes an LNG import terminal, sterling strengthens and FTX repercussions continue. In CONSUMER & RETAIL NEWS, real wages suffer, luxury’s strength continues but champagne and turkey supplies look shaky, Walmart and Home Depot do well as Amazon continues its downbeat tone. In REAL ESTATE NEWS, tech firms dump office space and Landsec loses out. In INDIVIDUAL COMPANY NEWS, Vodafone announces a weak performance but BAE Systems gets bullish. AND FINALLY, I bring you Moncler clothing for dogs and a new J-pop export…
In MACRO, ENERGY & CRYPTO NEWS, US & Chinese presidents meet, Biden’s position eases, France faces power shortages, Hunt draws up new windfall taxes on generators, Binance appeals for legislation but risk remains and Klarna fears over-zealousness. In CONSUMER, RETAIL & LEISURE NEWS, Black Friday comes early, UK savings rates hit new highs, Joules fails and Primark goes bananas while pubs and restaurants cut hours to save bills. In TECH NEWS, China’s chip equipment makers face uncertainty, Twitter scraps free lunches and Amazon’s about to cut 10,000 workers. In MISCELLANEOUS NEWS, Estée Lauder closes in on Tom Ford and Oatly chokes. AND FINALLY, I bring you the results of a full English in a slow cooker and a new way to eat Maltesers…
In CRYPTO & MACRO NEWS, crypto exchanges panic, FTX auditors face scrutiny, there’s talk of a possible hack, UK lenders say “I-told-you-so” and Hunt is on the verge of dishing out higher tax demands. In BUSINESS & CONSUMER TRENDS NEWS, business confidence sinks, bosses are in the driving seat, retirees return to work and first-time buyers are scared off. INDIVIDUAL COMPANY NEWS, Twitter is branded “unsafe” and Mike Ashley circles Gieves & Hawkes. AND FINALLY, I bring you an unusual bin collector…
In MACRO, ENERGY & CRYPTO NEWS, US inflation weakens, Germany might be OK gas-wise, FTX’s nightmares continue and bitcoin might weaken further. In TECH NEWS, Meta is having a reality check, Twitter might go bankrupt and Foxconn reiterates its commitment to China. In RETAIL, RESTAURANT & CONSUMER NEWS, Amazon aims to cut costs, Gap sells on Amazon, Ralph Lauren’s revenues rise, WH Smith benefits from travel, B&M falters, Young’s drinks up, Domino’s doesn’t deliver, repossessions are set to double and EV sales fall. In INDIVIDUAL COMPANY NEWS, Centrica profits and Juul gets a bailout. AND FINALLY, I bring you some interesting Diet Coke facts…
In MACRO, ENERGY & CRYPTO NEWS, we look at what’s going on with the US Senate, the UK’s fiscal hole, hopes for Rolls-Royce’s SMRs and the latest twist in the crypto drama. In TECH NEWS, Meta makes a massive cull, tech jobs dissipate, Twitter does a U-turn, Mastodon tries to pick up the crumbs and TikTok cuts revenue targets. In RETAIL & LEISURE NEWS, Next hoovers up Made.com, M&S gets downbeat and ‘spoons calls time. In MISCELLANEOUS NEWS, California resists sports gambling and ITV braces itself for an ads slump. AND FINALLY, I bring you some amazing skipping rope inspo…
In BUSINESS TREND & CRYPTO NEWS, shipping rates are about to change, hospitality gets hammered, Binance buys FTX and Coinbase faces censure. In MEDIA & BUSINESS NEWS, Disney suffers, Twitter user growth picks up and TikTok does a US overhaul. In CONSUMER & RETAIL NEWS, US middle managers face the chop, UK food price inflation hits a 14-year high, Aldi and Lidl look to go from strength to strength while Primark hits German problems. In INDIVIDUAL COMPANY NEWS, Renault makes big moves, Tesla shares are sold off, Lucid aims to raise cash and Arrival shares take a pasting while Hammerson gets more optimistic and Persimmon reports weakness. AND FINALLY, I bring you sonic seasoning and how to clean your doormat…
In MACRO & OIL NEWS, China exports fall and Covid repercussions hit cruise ships and Apple while Jeremy Hunt looks at raising inheritance tax and Shell does a biofuels deal. In REAL ESTATE NEWS, US investors splash out on UK commercial property, offices rethink their space requirements, house prices drop and owners face negative equity. In RETAIL NEWS, Walgreens buys Summit Health, Joules searches for funding and Made.com’s founder’s bid is rejected. In MISCELLANEOUS NEWS, Foxconn invests big in Lordstown, lithium companies invest in Teesside, Ryanair hits profit and law firms rein in hiring. AND FINALLY, I bring you Chris Martin in a pub…
In TECH NEWS, Twitter has a hiccup, Meta is set to make big layoffs and Amazon sweetens the Prime deal while UBS and Julius Baer have metaverse issues. In RETAIL/LEISURE NEWS, Made.com heads for administration, the West End aims to evolve and Loungers launches a new diner. In TRANSPORT-RELATED NEWS, Arrival hits delays, Virgin abandons Hyperloop and a kids’ bikes start-up goes to the next level. In REAL ESTATE NEWS, stamp duty receipts hit new highs. AND FINALLY, I bring you a shocking revelation about Celebrations boxes…
In MACRO & ENERGY NEWS, the Bank of England raises interest rates, our services sector shrinks and Uniper reports one of the biggest ever losses. In CONSUMER-RELATED NEWS, Spanish homeowners face tough times, UK shoppers spread the cost, Trainline benefits from leisure travel and Peloton’s sales fall but losses narrow. In TECH NEWS, tech groups slash jobs, Twitter wants to get rid of WFH and Lenovo suffers from poor PC demand. In MISCELLANEOUS NEWS, BMW and Stellantis motor on, the Saudis take on Tesla and Britishvolt continues to ask for money while Deloitte cuts half of its top team and Peel Hunt strives for something new. AND FINALLY, I bring you scientific evidence that swearing is actually ****ing good for you…
In MACRO, COMMODITIES & INDICATORS NEWS, US interest rates rise again, Germany drags the EU down, Sunak reverses another Truss promise, gas prices fall, Russia rejoins the grain deal and Maersk sees a slowdown in global trade. In CAR-RELATED NEWS, Ferrari accelerates, Aston Martin stutters and Britishvolt gets a reprieve. In RETAIL/CONSUMER GOODS NEWS, Shein gets copied and Germany’s biggest department store files for bankruptcy while Estée Lauder and Canada Goose suffer China fallout. In INDIVIDUAL COMPANY NEWS, CVS and Walgreens pay to settle the opioid lawsuits, Qualcomm sees a smartphone slowdown, Hollywood vies for the Netflix pie and Qatar buys into Credit Suisse. AND FINALLY, I bring you the best movie trailer ever…
In COMMODITIES NEWS, oil majors put targets on themselves and central banks buy gold. In CONSUMER & RETAIL NEWS, shop prices rise, WFH jobs get rarer and house prices weaken while Ocado gets a boost, Morrisons shuts McColl’s stores and Made.com brings in the administrators. In CAR-RELATED NEWS, Toyota’s profits plummet, Bentley sees record profits and the Britishvolt saga continues. In MISCELLANEOUS NEWS, Johnson & Johnson buys Abiomed for $16.6bn, Pfizer gets more upbeat and Uber beats pre-pandemic numbers. AND FINALLY, I bring you an unusual sight (and a bit of music)…
In MACRO & COMMODITIES NEWS, Eurozone inflation climbs, Sunak talks taxes and wheat prices soar. In CONSUMER-RELATED NEWS, UK households save more and seek to borrow less, Barclays ditches 95% mortgages and the hospitality industry is set to suffer a squeeze on budgets. In TECH NEWS, Apple’s in a Foxconn pickle and Musk works on Twitter. In CAR-RELATED NEWS, new car prices in the US cool while Britishvolt goes down the toilet. AND FINALLY, I bring you the perennial scone debate and some Percy Pig lights…
In MACRO & ENERGY NEWS, Lula wins in Brazil, Russia changes the rules on grain and energy companies in the UK get a boost. In TECH NEWS, Google faces a game-changing court case, the pressure on Meta intensifies, Twitter plans big job cuts, Foxconn employees flee and it’s a mixed bag for the Indian gaming scene. In CONSUMER TRENDS NEWS, European consumers cut back and UK property demand in the south-east falls. In BANKS NEWS, HSBC’s green credentials come into question, BA’s owner sniffs around easyJet and Russian car makers try to resurrect production. AND FINALLY, I bring you a potentially risky Halloween trick…
In MACRO & OIL NEWS, US exports drive growth, the ECB doubles interest rates, Sunak ponders tax rises and Shell is about to get raided. In TECH NEWS, Intel and ST Micro get gloomy, Foxconn suffers from lockdown impact, Apple posts record revenues but Big Tech generally dives as Meta and Amazon have a shocker and Musk buys Twitter while Shopify booms and TikTok aims to launch gaming. In CONSUMER TRENDS NEWS, we’re spending money on rent, efficiency gadgets and Unilever’s products, but not spending on Sky subscriptions or Made.com furniture. In BANKS NEWS, Credit Suisse undergoes major surgery and Lloyds paints a bleak picture. AND FINALLY, I bring you the new Dalgona…
In MACRO, OIL & ENERGY NEWS, we see a calming of UK finances, a delay for the Budget and the impact, Sunak reinstating the fracking ban, oil companies making a ton of money and BASF downsizing in Europe because of energy costs. In BANKS NEWS, European banks’ bumper quarter raises windfall possibilities, Barclays beats forecasts, Standard Charted takes a China hit and Santander frets about loans. In TECH NEWS, Apple causes a kerfuffle and Meta’s share price takes a beating. In MISCELLANEOUS NEWS, US mortgage rates hit their highest level since 2021, TV ads look vulnerable while WPP exudes confidence, EV exports from the UK rise and Mercedes-Benz pulls out of Russia. AND FINALLY, I bring you a questionable pasta recipe from Nigella and a KitKat futon…
In MACRO, MARKETS & COMMODITIES NEWS, Sunak names his team, Europe looks to punish Hungary and Poland, the DAX is about to lose its biggest constituent, West Texas gas falls below zero and a lithium miner merges with a SPAC. In TECH NEWS, Google and Micosoft have a ‘mare. In CONSUMER/CONSUMER GOODS NEWS, food price rises hit hard, Made.com is close to failure, Coca-Cola fizzes and Adidas cuts Ye. In BANKS NEWS, UBS profits slide and HSBC makes a ton. AND FINALLY, I bring you the Michelin-starred way of chopping an onion…
In MACRO & ENERGY NEWS, Sunak gets the job, China wobbles markets and gas prices fall. In BUSINESS TRENDS NEWS, UK profit warnings rise, lawyers get ready and UK hospitality faces tough times but supply chains ease. In TECH NEWS, the FCA show interest in Big Tech fintech, YMTC boots out US staff and Philips sharpens the axe. In MISCELLANEOUS NEWS, consumers revert to “austerity shopping”, Apple hikes subscriptions prices, Tesla cuts prices in China and the Asos/Frasers combo could cause friction. AND FINALLY, I bring you the “breakfast of Asian champions”…
In MACRO & ENERGY NEWS, President Xi confirms a third term, the race for UK PM hots up, Italy’s commitment to Europe will be tested, Paris turns down the lights and offshore wind companies chase Asian business. In CONSUMER TRENDS & RETAIL NEWS, transatlantic travel rises while UK consumer spending falls, wine prices are set to rise, first-timer mortgages are withdrawn and companies try to help as Morrisons goes sale-and-leaseback and Frasers buys into Asos. In TECH NEWS, it’s a big week for Big Tech but Apple is expected to improve profit growth. AND FINALLY, I bring you some incredible Korean street food (that involves Spam!)…
In MACRO & CURRENCY NEWS, we look at the Truss aftermath, prospects for UK interest rates and the dollar/yen rate’s new lows. In EV & ELON MUSK NEWS, Arrival moves to the US and Tesla has a tough time while Musk is “planning to fire” 75% of Twitter’s workers and get closer to the Pentagon with SpaceX. In CONSUMER & REAL ESTATE RELATED NEWS, US travel demand remains strong, Hermès gets powered by the wealthy, UK consumer confidence stays low, rents hit record highs, Travis Perkins slows, Dunelm grasps at straws and Segro benefits from warehouse demand. In MISCELLANEOUS NEWS, we look at the incoming ad tide, Snap’s weakness, Zara moving into re-sale, Blackstone’s profit hit and UK fund manager fortunes. AND FINALLY, I bring you a list of things that lasted longer than Liz Truss did in office…
In MACROECONOMIC NEWS, UK inflation hit a new high, the Bank of England puts the boot in and Truss’s future gets shakier by the minute. In CONSUMER & RETAIL NEWS, falling consumer spending hits leisure and tourism, JustEat, P&G and Nestle while Netflix bounces on a cheaper option and rail travellers escape a massive fare hike. In retail, Amazon does insurance, Asos suffers and the high street braces for higher business rates. In FINANCIALS NEWS, bank profits are set to boom but Man Group sees big outflows. In INDIVIDUAL COMPANY NEWS, Tesla disappoints, Uber looks at ads and Tencent does buybacks. AND FINALLY, I bring you canteen food and an interesting fact about KitKats…
In MACRO & ENERGY NEWS, Jeremy Hunt targets banks, Truss faces more humiliation, Macron is trying to stave off humiliation, French utilities warn of a dark winter and the EU tries to address the energy problem. In CAR-RELATED NEWS, Foxconn’s car ambitions deepen, Rolls-Royce’s first 100% electric vehicle is unveiled, Shell gives up on hydrogen for cars and Lookers forecasts bumper profits. In TECH NEWS, Apple launches new product, Meta is forced to sell Giphy, Microsoft cuts headcount, Netflix stems the losses and Amazon’s workers reject unionisation. In REAL ESTATE & FINANCIALS NEWS, real estate investors eye bargains, Bellway expects poor sales, Goldman Sachs de-emphasises retail banking and Panmure makes an offer for a rival. AND FINALLY, I bring you an unusual sleeping bag…
In MACRO & ENERGY NEWS, China delays economic data, Trussonomics gets cancelled, Germany extends the life of nukes, BP pushes further into alternatives and Europe is warned of blackouts. In CONSUMER-GOODS & RETAIL NEWS, Eve Sleep jumps into Bensons Beds, Made looks for buyers, P&G spruces up its ads and Asos takes a beating. In TECH NEWS, we look at whether the tech slowdown is temporary or not, Apple holds back in China and Kanye West buys Parler. In MISCELLANEOUS NEWS, Disney threatens France and 25% of younger people are getting priced out of London. AND FINALLY, I bring you a superb Halloween taxi…
In MACROECONOMIC NEWS, Truss faces even more pressure and Goldman Sachs predicts deeper recession in 2023. In FINANCIALS NEWS, City hiring slows, Goldman Sachs plans a major overhaul and Credit Suisse looks to sell assets. In REAL ESTATE NEWS, UK house prices keep rising and first-time buyers are giving up. In INDIVIDUAL COMPANY NEWS, BMW shifts Mini Electric production to China, Britishvolt faces disaster, Asos prompts financial concern and Meta’s version of the metaverse falls short. AND FINALLY, I bring you a beer spa…
In MACRO & CRYPTO NEWS, US inflation keeps going, Kwarteng wavers, NFTs tank and a crypto broker makes deep cuts. In CONSUMER, LEISURE & RETAIL NEWS, we look at what consumers are and are not spending their money on, the latest on the jobs market, Ikea’s success, Boots’ sales, Kroger buying a rival and the potential for UK supermarket consolidation. In TECH HARDWARE NEWS, chip equipment providers swerve China, VW announces a €2.4bn venture, TSMC pulls back and telecom companies are given extra time to de-Huawei themselves. In MISCELLANEOUS NEWS, Apple announces a savings account, Netflix offers an ad-supported option and Goldman Sachs is down on UK commercial property. AND FINALLY, I bring you a controversial Santa…
In MACRO & ENERGY-RELATED NEWS, Liz Truss faces more pressure on the mini-Budget, the Bank of England plays the blame game, UK GDP drops and investors seek windfall tax clarity while some generators look forward to making profits. In REAL ESTATE NEWS, Barratt reports slowing demand for new-builds, RICS warns on mortgages and negative equity looms. In MISCELLANEOUS NEWS, TikTok makes music moves, M&S looks to cut big stores and the job market slows. AND FINALLY, I bring you a tricky flight…
In MACRO & ENERGY NEWS, the IMF is on a downer, the Bank of England reacts, more companies will get the energy bailout and the windfall tax returns while the European wind industry struggles. In CONSUMER & RETAIL NEWS, the UK jobs market falters, real wages fall, petrol prices rise, grocery inflation hits a record high, Britons plan to spend less on hols, Heathrow posts a cautious outlook and Amazon tries to boost sales. In CAR-RELATED NEWS, Merc smashes it in China but Britishvolt continues to go downhill. In INDIVIDUAL COMPANY NEWS, Meta unveils new gadgetry and What3words looks lost. AND FINALLY, I bring you a tourist security hack…
In MACRO NEWS, we look at the latest in UK government U-turns. In CONSUMER & RETAIL NEWS, late mortgage payments rise, households cut spending (but businesses plan to raise pay), retailers see footfall drop, Joules has good and bad news and retailers in America begin sales early. In CONSUMER SPENDING TRENDS, Netflix posts £1.4bn in revenues from UK subscribers, Hollywood Bowl bowls everyone over, Getir comes to the rescue of Gorillas and spending on PCs drops sharply. In INDIVIDUAL COMPANY NEWS, Tesla smashes it in China and DS Smith posts a surprise update. AND FINALLY, I bring you a superb doormat…
In MACRO & CRYPTO NEWS, Janet Yellen criticises OPEC’s decision and we see whether the crypto winter is thawing. In REAL ESTATE NEWS, investors continue to withdraw from property funds while residential property prices look increasingly overvalued. In LEISURE NEWS, West End retailers fear slowdown, city restaurants hope for a pick-up and pubs keep closing. In MISCELLANEOUS NEWS, Amazon commits to electrification, Rivian does a major recall, Meta’s virtual reality faces actual reality and UK firms try different ways to tackle rising energy costs. AND FINALLY, I bring you Elvis in a pot…
In MACRO, ENERGY & OIL NEWS, the IMF spreads the gloom, the ECB fears prolonged inflation, Belarus has a “unique” approach and the UK faces a tough time while Germany imports more energy, offends EU members and BP Solar launches a big project. The US talks oil with Venezuela but Shell’s run slows down. In CONSUMER TRENDS & HIGH STREET NEWS, UK businesses predict more price rises, house sales collapse, UK hiring slows, Hays Travel returns to profit, Pizza Express suffers and M&S offers digital credit. In TECH NEWS, Samsung and AMD get pessimistic, ByteDance sees bigger losses and Twitter faces headwinds. In MISCELLANEOUS NEWS, Porsche > VW, Peloton’s woes continue and Vietnam is looking attractive. AND FINALLY, I bring you the trailer for Super Mario Bros and chocolate Jenga…
In MACRO, MARKET TRENDS & CURRENCY NEWS, the White House gets riled by OPEC+, UK market trends don’t look too pretty and there could be some real dollar drama in the offing. In CAR NEWS, Vertu talks a good game while EV sales fall due to financing and energy costs. In RETAIL NEWS, Tesco reins in expectations and Halfords gets tyred. In MISCELLANEOUS NEWS, we look at what could be in store for Twitter, WeWork suffers and UK mortgages break 6%. AND FINALLY, I bring you some important advice from a mortgage advisor…
In MACRO TRENDS & OIL NEWS, US job vacancies fall, used car sales weaken, the Bank of England stops bond buying and OPEC+ plan cuts. In TECH NEWS, the Twitter deal’s back on, Apple gets some disappointing news and Naver’s share price drops sharply. In RETAIL NEWS, H&M is “cautiously positive” on China, Boden gets at US boost and Greggs defies the odds. In MISCELLANEOUS NEWS, UK lenders face potential mortgage pressure, European mortgage costs surge, Geely takes at hand at Aston Martin and PwC chases EY staff. AND FINALLY, I bring you a weirdly satisfying camping video…
In MACRO, OIL & CRYPTO NEWS, we see early signs of an inflation slowdown, Kwarteng and Truss come under the spotlight, BoE bond-buying is not as frenzied as expected, Turkey’s inflation hits 83%, oil rises on OPEC+, North Sea gasfield permits are to get fast-tracked and Kim K gets a much-needed slap. In MANUFACTURING & UTILITIES NEWS, European and British manufacturing take a pasting, water companies get penalised and Telecom Plus (aka Utility Warehouse) benefits from the energy crisis. In REAL ESTATE NEWS, UK lenders offer mortgages again and UK property funds rein in withdrawals. In MISCELLANEOUS NEWS, TikTok smashes it in Europe, Vodafone’s in talks with Three, AerCap fights with insurers and we see how the film industry could benefit from the strong dollar. AND FINALLY, I bring you a contest between ninja and samurai and a hilariously-named chihuahua…
In MACRO, OIL & ENERGY NEWS, Kwarteng faces the music, Opec+ looks to cut production and Ofgem warns of potential blackouts. In FINANCIALS NEWS, Credit Suisse attracts attention, UK banks are set to make a killing and NatWest raises mortgage rates. In TRANSPORT & EV NEWS, aircraft orders drop, cargo ship owners cancel sailings, Tesla’s deliveries rebound and Arrival wants more cash. In MISCELLANEOUS NEWS, US dealmakers hope for strong dollar stimulation, JLR suffers with dollar-denominated debt, TikTok is to launch shopping in the US and beer prices are set to rise. AND FINALLY, I bring you a man who is trying to set a Greggs world record…
In MACRO, MARKETS & BITCOIN NEWS, Germany announces a massive energy aid package, Truss faces more pressure, the FTSE250 hits a new low and a study quantifies bitcoin’s hunger for energy. In UK REAL ESTATE NEWS, mortgage madness hits. In RETAIL, CONSUMER GOODS & LEISURE NEWS, Bed Bath & Beyond sees big losses, Peloton starts selling bikes at Dick’s Sporting Goods, Nike’s inventories jump, H&M and Next get downbeat, Mitchells & Butlers has energy worries and concerts get cancelled. In MISCELLANEOUS NEWS, the Porsche IPO goes OK considering, Arrival delivers its first van, Facebook freezes hiring, SoftBank cuts 20% of London staff and we see why diesel prices are so high. AND FINALLY, I bring you an amusing example of reverse-scamming…
In MACRO, MARKETS & ENERGY NEWS, ECB officials talk about another big rate increase, the Bank of England steps in, Yellen calls for calm, the M&A and IPO drought continues (although Americans could come bargain-hunting), EDF talks nuke extension, floating LNG terminals see a lot of interest, the EU moves to impose a price cap on Russian oil and Total commits. In CONSUMER, RETAIL & BREWING NEWS, Retirees dip into pension pots, Amazon puts hope on Prime Day II, Morrisons takes a hit and Boohoo suffers but Shepherd Neame returns to profit. In CAR-RELATED NEWS, UK carmaker woes continue, Aston Martin can’t catch a break, JLR staff get EV training and Britishvolt looks precarious. In INDIVIDUAL COMPANY NEWS, mortgage lenders take heart, home buying power falls and buy-to-let disappears. AND FINALLY, I bring you a mind-boggling optical illusion…
In MACRO & MINI-BUDGET IMPACT NEWS, China growth falls behind, Nigeria makes a massive interest rate hike and then we look at the impact of the mini-budget on mortgage lenders and the real estate market. In TECH NEWS, Intel introduces a new chip, Grab aims for profit in 2024 and Zepeto ramps up in the metaverse. In ELECTRIC VEHICLE NEWS, Hertz and BP join up in the US for charger rollout and Nio moans about energy in Europe. In INDIVIDUAL COMPANY NEWS, Best Buy and other retailers take anti-theft measures, Serica’s profits skyrocket and Biffa accepts a bid. AND FINALLY, I bring you a googly-eyed car and what a panoramic dog looks like…
In UK MACRO NEWS, we take a look at sterling devastation and why markets hated the mini-budget so much. In GLOBAL MACRO NEWS, the OECD predicts gloom, the Fed warns the UK, Germany’s having a ‘mare and Italy goes right. In RETAILER NEWS, Aldi commits, Pendragon gets an offer and MusicMagpie plunges. In INDIVIDUAL COMPANY NEWS, Apple goes to India and investors snap up Porsche. AND FINALLY, I bring you a gathering of Nigels (not sure what the correct collective noun is, I’m afraid)…
In MACRO, ENERGY & CURRENCY NEWS, Kwarteng doubles down, Truss looks at visas while the market digests the impact of last week’s announcements, falling gas prices might help and Germany does LNG with UAE. In CONSUMER TRENDS NEWS, pandemic savings disappear and Christmas isn’t looking very merry but travel groups prosper. In REAL ESTATE NEWS, sellers keep putting prices up, first-timers are getting scared off and warehouse space is at a premium. AND FINALLY, I bring you British obsessions…
In MACRO, ENERGY & CURRENCY NEWS, the Bank of England raises rates, Turkey does the opposite (obvs!), we await a mini-Budget, fracking gets flak and Japan steps in on the yen. In TECH NEWS, SoftBank sounds out Samsung on Arm while Ofcom is to investigate cloud computing. In CAR NEWS, Tesla does a recall and Honda cuts production. In INDIVIDUAL COMPANY NEWS, Credit Suisse thinks about splitting itself, Jupiter is considering selling its stake in Starling, FedEx raises shipping rates and CVS benefits from the pandemic pet boom. AND FINALLY, I bring you a warning against making a d!ck move…
In MACRO & ENERGY NEWS, Putin wages war, the Fed raises rates, the Bank of England looks like it’s about to do the same, Uniper gets nationalised and Truss promises businesses big energy price cuts while South Africa has blackouts. In RETAIL NEWS, the UK’s Big Four have an Aldi problem and Walmart slows down hiring. In TECH NEWS, Meta cuts headcount, Tencent gets the go-ahead and Schneider Electric buys Aveva. In INDIVIDUAL COMPANY NEWS, EY’s revenues boom and BYD comes to the UK. AND FINALLY, I bring you an amazing singer…
In MACRO & ENERGY NEWS, Truss talks economic policy, Sweden hikes its interest rate, Uniper edges closer to safety, German factories get a massive price shock and taxpayers stump up. In RETAIL & LEISURE NEWS, UK retailers and pubs hold out hopes for the mini-Budget, Fuller’s fears bills, Butlin’s gets sold back and Tui expects a return to profit while Mike Ashley departs and Gap announces cuts. In CAR-RELATED NEWS, Ford has a setback and Hertz orders a ton of EVs. In MISCELLANEOUS NEWS, it’s the end of an era for SPACs, Deloitte wants to hire and BeReal learns from rivals. AND FINALLY, I bring you a butter spreading hack…
In MACRO, OIL & ENERGY NEWS, the EU continues its push for more powers, Germany’s economy faces more difficulty, Norway’s oil fund pushes the environment and we see the consequences of weaning off Russian oil and the argument against the energy bill cap. In EMPLOYMENT & CONSUMER TRENDS, US return-to-office rises, the four-day week continues to be popular and there’s a worrying BNPL trend. In CAR-RELATED NEWS, Porsche’s IPO price range is announced and the pressure to look at hydrogen – rather than just lithium – increases. In INDIVIDUAL COMPANY NEWS, Apple looks to satellites, China Vanke’s spin-off tests investor appetite in Hong Kong, investors get warned about FTX and Boden targets America. AND FINALLY, I bring you a ketchup hack…
In MACRO & ENERGY NEWS, central banks race to tame inflation, high energy prices attract investors, the Big Five energy companies turn away new customers and even talk about windfall taxes. In COST-OF-LIVING & RETAIL NEWS, alt-meat faces challenges, milk becomes more expensive than petrol, restaurants give staff free meals and home goods sellers in the US see a slowdown. In MISCELLANEOUS NEWS, US tech has its longest IPO drought, China pushes robotics and UK commercial property looks vulnerable. AND FINALLY, I bring you the Queen’s life in pictures…
In MACRO & ENERGY NEWS, Russia and China meet, Sweden gets a new PM, Nigeria’s inflation hits a new high, Shell’s CEO steps down and EDF’s problems persist. In FINANCIALS NEWS, Chinese banks cut deposit rates, Corebridge’s IPO falls flat, US regulators turn their attention to BNPL and the proposed scrapping of the bonus cap gains momentum. In CONSUMER/RETAIL NEWS, US retail sales come in above expectations and Shein has designs on the US while H&M, THG and John Lewis suffer from consumer belt-tightening. Hilton Foods has a shocker but Wickes manages to insulate itself from the worst. In MISCELLANEOUS NEWS, Adobe goes shopping, FedEx posts a warning, Patreon takes a hit and Patagonia is gifted. AND FINALLY, I bring you a brilliant family story…
In ENERGY, MACRO & REGULATOR NEWS, the EU comes up with an energy plan, the UK gives more details for businesses and UK inflation calms while Google, Meta and Activision face hurdles and Amazon gets sued by California. In REAL ESTATE-RELATED NEWS, UK house price growth doubles but Redrow’s the latest developer seeing a slowdown and Dunelm defies doom. In CONSUMER & RETAIL NEWS,food prices surge, Inditex sees strong sales and Naked Wines looks dodgy. In MISCELLANEOUS NEWS, Disney talks app, Netflix predicts ad-subscription potential, Tesla considers battery plans, Zoom tries to broaden its capabilities, Aston Martin hits another speedbump and Kwarteng looks at lifting the City bonus cap. AND FINALLY, I bring you the joys of furikake…