Wednesday 25/10/23

In BIG PICTURE NEWS, economists doubt jobs figures, the MPs' pension fund avoids UK equities, UK business activity continues to slow, the latest oil deal signals new trends and Anglo American cuts copper forecasts. In FINANCIALS NEWS, the banker bonus cap is removed, Barclays gets gloomy, CAB Payments tanks badly and PwC lags its rivals. In TECH NEWS, Google Cloud revenue underwhelms, Meta is sued for Instagram's effect on mental health, Snap returns to growth, Spotify returns to profit, DeepMind cautions on AI and Microsoft's sales jump thanks to AI. In MISCELLANEOUS NEWS, China is to "drive" EV sales, Cruise's permits get suspended, consumers are predicted to party at home this Christmas whilst facing higher energy bills, Asos delays its results and ScS gets taken over while Hermès and Kering face a luxury slowdown. AND FINALLY, I bring you advice on how to get into a supercar...


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