Friday's daily news

Friday 12/07/24

In MACRO & COMMODITIES NEWS, the Biden saga continues, the UK sees surprise GDP growth, Labour faces a North Sea dilemma and BHP suspends nickel mining operations. In RETAIL & CONSUMER GOODS NEWS, Amazon faces a potential investigation in the UK, Uniqlo has opportunity and PepsiCo is the latest company to call the peak in pricing power. In TECH NEWS, Apple settles in Europe while SoftBank buys Graphcore. In MISCELLANEOUS NEWS, we see that Tesla’s US market share weakens, Delta’s profits don’t augur well for the industry, A&O Shearman ponies up, Hays has a profits warning and Pfizer ploughs on with a weight loss pill. AND FINALLY, I bring you a touching song…


Thursday's daily news

Thursday 11/07/24

In MACRO & OIL NEWS, the US presidential drama rumbles on, China plays down hopes of drastic measures, Macron calls for consensus, UK interest rate cuts are mooted and OPEC bets on steady oil demand while BP predicts peak oil demand in 2025. In REAL ESTATE NEWS, top end London property prices fall, Crest Nicholson gets closer to Bellway and Barratt Developments says it will build fewer homes. In TECH-RELATED NEWS, Microsoft and Apple ditch their OpenAI seats, Chinese Xiaohongshu social media platform gets foreign backing and Baidu’s robotaxis could see human limitations. In MISCELLANEOUS NEWS, the UK announced its biggest overhaul of listing rules in a generation, the ECB sounds a warning on shadow banking, India’s tea problems look unlikely to hinder Brits too much and Labour begins a crackdown on water companies. AND FINALLY, I bring you a terrifying sight (if you’re scared of heights!)…


Wednesday's daily news

Wednesday 10/07/24

In MACRO, ENERGY & COMMODITIES NEWS, the US makes progress, efforts to oust Biden lose momentum (although Europeans are hedging their bets), renewables firms plan new onshore windfarms, BP warns of lower profits and it’s not looking good for coffee prices. In BUSINESS & EMPLOYMENT TRENDS NEWS, Begbies Traynor expects higher insolvency levels, Dyson announces deep cuts, Page Group issues another profit warning and Linklaters partners rake it in. In CONSUMER GOODS & LEISURE NEWS, a US non-alcoholic beer brand doubles its valuation, Nike’s turnaround efforts stumble, Samsung Electronics workers vote for an indefinite strike and Loungers knocks it out of the park. In MISCELLANEOUS NEWS, Ariane 6 launches, Vistry expects a Labour boost and Shein launches a €200m fund. AND FINALLY, I bring you gourmet food on a budget…


Tuesday's daily news

Tuesday 08/07/24

In MACRO NEWS, Biden fights back, France tries to sort itself out and Reeves manages expectations ahead of an overhaul. In AUTOMOTIVE NEWS, Europe’s battery industry is hit by EV slowdown, foreign carmakers lose ground in China, BYD builds in Turkey and Shanghai gets truly driverless taxis. In MISCELLANEOUS NEWS, Ocado expands in Japan, Superdrug posts a decent profit, user growth at X pauses, tea prices rise, Devon Energy buys Grayson Mill Energy and Carlsberg buys Britvic. AND FINALLY, I bring you a decent hummus recipe…


Monday's daily news

Monday 08/07/24

In MACRO NEWS, we look at what Labour is facing, how the pressure continues to mount on Biden and how the Right didn’t get what they wanted in the French elections. In INDUSTRY TRENDS NEWS,dealmaking looks set to boost banks, US consumer goods companies are losing their grip, UK consultant numbers decline, Brookfield is looking to create a UK insurer and battery maker SK On suffers from poor EV sales. In MISCELLANEOUS NEWS, Burberry looks to cut headcount, the fashion industry pushes for the return of tourist tax breaks, Arianespace takes on SpaceX and Paramount Global agrees to a deal with Skydance. AND FINALLY, I bring you some of the delights of Borough Market…


Friday's daily news

Friday 05/07/24

In MACRO NEWS, we look at the impact of Labour’s win, Biden continues to cling on and we consider the consequences of France’s election. In CAR NEWS, Tesla gets a China boost, the EU continues with EV tariffs and new car registrations breached the 1m mark. In TECH NEWS, Nvidia makes a ton despite US sanctions on China, famous people get the AI treatment and Samsung expects booming profits in Q2. In MISCELLANEOUS NEWS, Cineworld looks at closing 25% of its cinemas, Stonegate falls into loss, British Gas threatens businesses with bankruptcy and UK holiday let owners shift to business rates. AND FINALLY, I bring you something you really shouldn’t try yourself without a lot of practice…


Thursday's daily news

Thursday 04/07/24

In MACRO NEWS, European central bankers get nervous, the UK’s services sector “seizes up” and City analysts reckon that a Labour landslide will increase investment and confidence. In RETAIL NEWS, Jeff Bezos offloads more Amazon shares, Amazon announces that it will build an Australian defence cloud and we look at why Amazon shouldn’t take on Shein and Temu while Saks’ owner buys Neiman Marcus. In MISCELLANEOUS NEWS, BMW attacks EU tariffs on Chinese EV imports and Hawksmoor restaurants go up for sale. AND FINALLY, I bring you a naughty little trick to play on someone…


Wednesday's daily news

Wednesday 03/07/24

In MACRO & ENERGY NEWS, pressure mounts on Biden, EU inflation falls and Shell halts construction of a biofuel factory. In AUTOMOTIVE NEWS, Hyundai and LG Energy open a battery cell factory, Tesla deliveries fall, China EV sales rise and BYD has to watch its back. In RETAIL & CONSUMER NEWS, Amazon’s international division rebounds, the EU takes aim at Temu and Shein (and Sainsbury’s sticks the boot in), Sainsbury’s expects anaemic trading at Argos, M&S sees a change, rich people sell up and rents are on the rise. In TECH NEWS, Apple joins OpenAI’s board and Google emissions jump because of AI use. AND FINALLY, I bring you the worst chat-up line ever…


Tuesday's daily news

Tuesday 02/07/24

In MACRO NEWS,both US presidential candidates have problems, we look at the impact of the French election result and how the next UK government is going to benefit from a fall in inflation and fuel prices. In MANUFACTURING & LOGISITICS NEWS, Italian luxury houses have labour issues, mysterious deaths cast a shadow over Northvolt, UK manufacturing growth slows down, Boeing’s acquisition puts Belfast jobs in doubt, Harland & Wolff suspends share trading while Shein and Temu push airfreight rates higher. In CONSUMER & EMPLOYMENT-RELATED NEWS, UK house prices ticked up in June, shop price inflation slowed down, British grads are warned of a potential “white-collar recession” and Morgan Stanley became the latest investment bank to ditch the bonus cap. In MISCELLANEOUS NEWS, Meta faces more regulatory pressure, Air France-KLM takes a hit from Olympic-avoiders, Hindenburg gets bullied by Indian regulators, Fox launches Tubi in the UK and Revolut’s profits hit a new high. AND FINALLY, I bring you some amazing Spanish guitar…


Monday's daily news

Monday 01/07/24

In MACRO NEWS, Biden causes concern, Le Pen wins the first round and South Africa gets a new cabinet. In PROFESSIONAL SERVICES NEWS, Bain pulls back in China, financial services don’t embrace AI fully and Hogan Lovells launches a “microaggressions” hotline. In M&A NEWS, BlackRock buys Preqin, TDR Capital looks to offload BPP and Boeing agrees to buy Spirit AeroSystems. In MISCELLANEOUS NEWS, the UK haulage industry wants better electric truck infrastructure, a Cambridge start-up makes a battery breakthrough, older renter numbers rise, M&S launches new services and a new AI-generated ad causes a stir. AND FINALLY, I challenge you to think of something that rhymes with “orange”…


Friday's daily news

Friday 28/06/24

In MACRO NEWS, the IMF warns the US about its debt, von der Leyen closes in on another term, central bankers remain nervous, BP makes cut backs and cocoa prices drop. In RETAIL NEWS, Amazon takes on Temu and Shein (but is sued by UK third-party sellers), the sale of Boots is postponed, Gap regains some mojo, Halfords slows and Watches of Switzerland blames the tourist tax. In CONSUMER & CONSUMER GOODS NEWS, UK households face a steep rise in mortgage payments and Nike shares fall. AND FINALLY, I bring you a somewhat extreme way to limit overtime…


Thursday's daily news

Thursday 27/06/24

In MACRO & CURRENCY NEWS, we look at the economic consequences of Trump and the Yen falls to new lows. In M&A AND IPO NEWS, we look at the motivations behind VW/Rivian, the prospects for consolidation in food delivery, how much Royal Mail will be paying out in fees and see that an online comics platform is to float on the NASDAQ. In MISCELLANEOUS NEWS, YouTube holds talks with record labels, Ferrari floats a nice little earner, AO World’s profits triple and Mike Ashley’s at it again. AND FINALLY, I bring you a pretty amazing football trick…