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COMM earnings call for the period ending October 3, 2021.
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
One day after shares of at-home fitness company Peloton tumbled, Netflix found itself in Wall Street's hot seat Friday as markets reassess the diminishing growth prospects of so-called "pandemic stocks."
Peloton confirmed it was considering job cuts as its chief executive denied the company was halting production of its pricey bikes and treadmills.
LONDON (Reuters) -The Bank of England needs to lean against inflation pressures and stop expectations of higher price growth from getting entrenched in businesses' wage and pricing decisions this year, BoE policymaker Catherine Mann said on Friday. The BoE is widely expected to raise interest rates at its Feb. 3 meeting, after becoming the world's first major central bank to tighten policy in response to post-pandemic inflation pressures in December. British inflation in December was its highest in nearly 30 years at 5.4%, and Mann said the BoE's monthly survey of businesses showed their pricing and wage-setting expectations were not consistent with inflation returning to its 2% target.
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.
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.
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.
Customers who left Virgin Media broadband packages saved over £190 a year.
Elon Musk’s quest to make humanity a multi-planet species has a hitch.
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.
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.
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.
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.
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.
The Rolls-Royce share price is not having a great start to 2022, but will the business end the year on a high? Zaven Boyrazian explores. The post Where will the Rolls-Royce share price go in 2022? appeared first on The Motley Fool UK.
Only one of top ten richest in world didn’t see wealth hit by tech stock slump
“Buying on the dip” is a popular strategy that entails buying a stock after a sharp fall in its price. It seeks to exploit a short-term decline in a company’s value to benefit from a subsequent recovery.
Evraz and Fresnillo and other big miners were among London’s worst losers.