Since the pandemic began in early 2020, this niche bank has been on an absolute tear and shows no signs of slowing down.
Schlumberger beat expectations with a rise in fourth-quarter profit on Friday as higher crude and natural gas prices drove demand for the world's largest oilfield services company. The global rig count was 1,563 at the end of the fourth quarter, up around 42% from a year ago, Baker Hughes data shows. "Absent any further COVID-related disruption, oil demand is expected to exceed pre-pandemic levels before the end of the year and to further strengthen in 2023," Schlumberger Chief Executive Olivier Le Peuch said.
Customers who left Virgin Media broadband packages saved over £190 a year.
Businessman John Caudwell said tax avoidance was ‘wrong’ and said he was ‘extremely proud’ to pay UK tax now.
Commerzbank on Friday said its fourth-quarter earnings would be impacted by provisions made at its Polish mBank subsidiary but that it would still post a net profit for the full year. The German lender said mBank had made provisions regarding the foreign currency indexed loan agreements in the amount of 2.006 billion zloty ($504 million), adding that its fourth-quarter results would be impacted by a corresponding amount. The additional sum, which translates to around 436 million euros, brings provisions for Germany's No. 2 bank to around 600 million euros.
Peloton confirmed it was considering job cuts as its chief executive denied the company was halting production of its pricey bikes and treadmills.
Inner London businesses are set for “bounce back” Monday next week as thousands of city workers return to the office. Banks, accountants and other professional services companies with major presences in the city have all told staff to return to the office next week after the government said on Wednesday that work from home guidance introduced in December would be scrapped. Goldman Sachs, Citi, PwC, HSBC, KPMG, Fidelity and Standard Chartered are among the major employers to have encouraged staff back to the office in recent days.
Netflix stock has collapsed from over $700 in mid-November to below $400 on Friday. After crashing so hard, is it time to buy discounted NFLX? The post After Netflix stock crashes $300 in 2 months, should I buy below $400? appeared first on The Motley Fool UK.
2022 is well underway now and I’m looking at two ETFs that could be great for my portfolio. Here are my top picks! The post These are my top 2 ETF picks for 2022! appeared first on The Motley Fool UK.
BERLIN (Reuters) -The German government will cut its economic growth forecast for this year to 3.6% from its October estimate of 4.1%, according to a draft of the annual economic report seen by Reuters on Friday. The coalition government of Social Democrats, Greens and Liberals, in power since December, expects the pandemic to further strain businesses and supply bottlenecks for products such as semiconductors to persist, further limiting companies' growth, according to the draft. Most economists expect Europe's largest economy to shrink again in the first three months of 2022 after a fourth-quarter contraction, driving it into another technical recession, defined as two consecutive quarters of declining output.
Elon Musk’s quest to make humanity a multi-planet species has a hitch.
The Bank of England upped the base rate to 0.25% in December, but since then only a handful of savers have felt the benefit
After hitting a record high of almost $68,000 in November, the digital currency is now worth under $35,000
A gas supply crunch in Europe, widely blamed on a dearth of gas flows from Russia, has caused energy prices to soar. Simson said she would attend conferences in Azerbaijan and Washington in February to discuss ways for increasing gas deliveries to Europe. "The gas storage levels in the EU are significantly lower than usual at this time of the year," she told reporters.
Jabran Khan details a FTSE 100 stock that has seen its shares drop recently. He explains why he would still add shares despite the recent drop. The post Here’s why I’d buy falling shares in this FTSE 100 stock! appeared first on The Motley Fool UK.
In some cases, people could save more than £200 by ditching and switching, Which? research indicates.
Retailers have shown a ‘stubborn refusal’ to pass on wholesale cost savings, according to the motorists’ group.
Could this be one of the best FTSE 100 dividend stocks to buy right now? Here's why I think this cheap UK share could be a brilliant stock for me to own. The post 9.4% dividend yield! A FTSE 100 share with BIG dividends to buy appeared first on The Motley Fool UK.
Whilst the pastel aesthetic is nothing new – sugary hues were popular as far back as the 18th century, used with abundance in decorative Rococo interiors – there is something of a contemporary resurgence, evidenced by the 22 million #pastel posts on Instagram, and the 3.8 billion views of #pastel content on TikTok. Pastel colours are the ultimate in ready-made colour combinations, all sharing pale or white undertones that make them perfectly compatible with one another, so you can pile pastel pinks, blues, yellows, greens or purples together with abandon. Read on for 21 pastel room ideas that run the gamut from sophisticated and traditional, to playful and modern...
Peloton has denied reports that it has cut production, and says that it is still on course to hit targets – despite a rocky few months for the connected fitness firm. “The information the media has obtained is incomplete, out of context, and not reflective of Peloton’s strategy,” Mr Foley wrote. “Rumours that we are halting all production of bikes and Treads are false.”
The Federal Reserve has its inflation-fighting weapons ready to fire, and when the US central bank's policy committee convenes this coming week, the focus will not be on whether they will pull the trigger but rather how many times.
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