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Burberry shares collapse 10% as Q4 FY21 sales remain short of Q4 FY19
Stock Market

Burberry shares collapse 10% as Q4 FY21 sales remain short of Q4 FY19

Summary Burberry Group shares crashed a little more than 10 per cent on Thursday Q4 FY21 sales stood lower as against the sales recognised in Q4 FY19 However, the comparable store sales through March 2021 rose 32 per cent Shares shed as much ...

3 FTSE AIM Pharma Stocks That Have Given Returns of Over 100% In a Year
AIM Stocks

3 FTSE AIM Pharma Stocks That Have Given Returns of Over 100% In a Year

Summary Vaccine related stocks have gained a lot of attention due to the pandemic; however other pharmaceutical and biotechnology stocks have faced volatility. The focus has been primarily on companies having high levels of research and develop...

Lens on BP Plc and Powerhouse Energy Amid Divergent Climate Change Developments
Oil and Gas Stocks

Lens on BP Plc and Powerhouse Energy Amid Divergent Climate Change Developments

Summary Shareholders of BP Plc voted against a resolution to take the company closer to achieving its climate commitments. Over 79 per cent of total shareholders opposed a proposal placed by a shareholder group. Powerhouse Energy Group Plc wou...

Is Musk’s Reverse Gear on Bitcoin Dragging Tesla Stocks Down?
World News

Is Musk’s Reverse Gear on Bitcoin Dragging Tesla Stocks Down?

Summary Tesla CEO, Musk has said that bitcoin payments could contribute to greater consumption of fossil fuels. Tesla now intends to resume Bitcoin for transactions once as its mining gets transitioned to more sustainable energy options. The e...

How could the red-hot iron ore rally benefit investors?
Commodities

How could the red-hot iron ore rally benefit investors?

Summary Iron ore prices have registered a record rally in recent weeks, with prices surging to record high levels. A robust economic recovery in the US and China, coupled with generous stimulus packages, have fueled the rally. The price surge ...

Bears grip APAC markets on inflation woes
World News

Bears grip APAC markets on inflation woes

The bears seem to have gripped the Asia Pacific (APAC) markets for the second day on the trot, driven by the fears of rate hikes by the central banks. All the indices in the region, save the Taiwanese markets, were trading in red. The Taiwan Weigh...

Wright or Wrong? The Curious Case of The Self-Proclaimed Bitcoin Creator
Cryptocurrency

Wright or Wrong? The Curious Case of The Self-Proclaimed Bitcoin Creator

Summary Australian computer programmer and entrepreneur Dr Craig Wright has once again had a court case postponed to November. In one of several lawsuits Wright is currently involved in, he is being sued by the brother of his former business pa...

Bitcoin crashes as Tesla does a U-turn on the largest crypto
World News

Bitcoin crashes as Tesla does a U-turn on the largest crypto

The Palo Alto-headquartered electric vehicle maker Tesla Inc (NASDAQ: TSLA) will stop using Bitcoin as payment mode for car purchases, CEO Elon Musk has said in a tweet. The price of Bitcoin, has since crashed by 15.8% and is trading below the US$5...

COVID-19 continues to hammer India; global cases decline
World News

COVID-19 continues to hammer India; global cases decline

The spread of the COVID-19 pandemic in India continues to test the limits of the country’s healthcare system, even as the global situation has visibly improved. In last seven days, the fresh cases reported by India – the new epicentre ...

Amazon Dodges US$300 Million EU Tax Order
World News

Amazon Dodges US$300 Million EU Tax Order

Summary European judges noted that the European Commission failed to show proof of preferential treatment to Amazon by Luxembourg. European Commissioner for Competition Margrethe Vestager had filed the tax evasion case against Amazon. In 2020,...

US Consumer Prices Rise By 4.2%, The Fastest Pace Since 2008
World News

US Consumer Prices Rise By 4.2%, The Fastest Pace Since 2008

The US Consumer Price Index (CPI), a key gauge for changes in commodity and services prices, rose 4.2% in April, compared to the same period a year ago, as demand for various goods surged amid a significant improvement in the economy following the ...

SoftBank Posts US$46bn Annual Profit, Highest By A Japanese Company
World News

SoftBank Posts US$46bn Annual Profit, Highest By A Japanese Company

Summary SoftBank's full-year net profit soared to 4.99 trillion yen or US$46 billion, the highest for any Japanese company to date. SoftBank's profit surpassed Microsoft's record annual net profit of US$44.28 billion for its fiscal year ended J...

FTSE 100 Inched Higher by 0.82%; US Consumer Price Index hits 13-year high
Market updates

FTSE 100 Inched Higher by 0.82%; US Consumer Price Index hits 13-year high

 US Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 47.98 points or 1.16 per cent lower at 4,104.12, Dow Jones Industrial Average Index dipped by 293.17 points or 0.86 per cent lower at 33...

Now Google Pay Users In US Can Send Money To India, Singapore
World News

Now Google Pay Users In US Can Send Money To India, Singapore

Summary It is Google’s first foray into the US$470 billion global remittance market. The payment can only be made between two individuals, and there is no fee for the service. Google Pay, earlier called Android Pay, currently has around ...

FTSE 100 listed Compass Group estimated gradual recovery for Q3 FY21
Consumer Stocks

FTSE 100 listed Compass Group estimated gradual recovery for Q3 FY21

Summary CPG had shown around a 30.4% decline of revenues on an organic basis during H1 FY21. The net debt stood at £2.63 billion as of 31 March 2021. CPG expected gradual improvement in the trading performance during Q3 FY21. Compas...

TUI Stocks Fall as The Company Posts Heavy Half-Yearly Losses
Consumer Stocks

TUI Stocks Fall as The Company Posts Heavy Half-Yearly Losses

Sumamry TUI Group expects a strong summer season this year provided the travel restrictions are eased. Summer prices were up by 22 per cent on average for this year, said the firm. The group had a liquidity of €1.7 billion on 7 May. ...

Spotlight On 2 FTSE Consumer Services Stocks
Consumer Stocks

Spotlight On 2 FTSE Consumer Services Stocks

Summary Catering giant Compass Group’s CEO Dominic Blakemore has said that the hybrid working model posed long term issues. UK’s largest funeral services provider, Dignity PLC, reported a jump in its underlying revenue by 14 per cen...

Post-Brexit Historic Shift: UK’s non-EU imports higher than EU imports in Q1 of 2021
Economy

Post-Brexit Historic Shift: UK’s non-EU imports higher than EU imports in Q1 of 2021

Summary January-March 2021 became the first quarter in which UK’s non-EU imports were higher than imports from EU nations. Total imports were £14.5 billion or 12.3 per cent lower than the imports in the previous quarter. For the fi...