Friday 27/10/23

In BIG PICTURE NEWS, US GDP growth picks up, the ECB left rates unchanged and WPP feels a slowdown. In FINANCIALS NEWS, Goldman Sachs launches a new business, Standard Chartered has China problems, BNP Paribas disappoints, Nomura rethinks its China JV and the City turns on ethical investing. In CONSUMER, CONSUMER GOODS & LEISURE NEWS, consumers slow online spending, Amazon beats forecasts, Unilever's sales rise, Moncler slows, Heathrow aims for break-even and Pizza Express's owner eyes a bid for TRG. In MISCELLANEOUS NEWS, Mercedes has EV problems, Ford retrenches on EVs, Stellantis bets on a Chinese EV start-up and Harley-Davidson's profits suffer while Intel sees light at the end of the tunnel for PCs and Bloomsbury makes an AI warning. AND FINALLY, I bring you an inappropriate DJ for the office party...


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