Friday 28/07/23

In MACRO & COMMODITIES NEWS, US economic growth picks up, the ECB raises interest rates, Shell and Total see profits fall, British Gas sees profits boom and Anglo American is hit by a sluggish China. In TMT NEWS, the EU launches an antitrust inquiry into Microsoft, Intel benefits from a PC rebound, Netflix rejigs and ITV warns of an ad recession. In CONSUMER GOODS, RETAIL & LEISURE NEWS, Kering buys into Valentino, L'OrΓ©al's on the lookout, Nestle indicates price rise slowdown, the BRC warns on shop closures, Frasers booms and McDonald's satisfies. In MISCELLANEOUS NEWS, more UK lenders cut mortgage rates, Foxtons benefits from higher rents and Canary Wharf sees another big company leave while VW cuts forecasts, Bentley sputters, Ford raises forecasts and Lookers' buyer increases its offer. AND FINALLY, I bring you Gordon Ramsay's massive steak sandwich...


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