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Stock market crashes are tough to predict. But, there is good data on the frequency of corrections. Since stock market crashes are fast corrections, this is a good place to look for answers. The post When is the next FTSE 100 stock market crash coming? appeared first on The Motley Fool UK.
Two and a half years ago Nelson Peltz, the billionaire activist investor who often presents himself as a partner with constructive advice for companies, told an audience of pension and hedge funds that no one had a monopoly on good ideas. Sitting only a few feet away, nodding in agreement, was Procter & Gamble Co Chief Executive David Taylor, who ended one of the industry's most acrimonious corporate battles by inviting Peltz onto P&G's board in 2018. For nearly four years until Peltz' retirement from the P&G board in August, the men traded ideas about how to woo new customers to buy Tide detergent and Pampers diapers.
Rio Tinto has only bad options as it tries to salvage its $2.4 billion Serbian lithium project after the country's leaders bowed to environmentalists and cancelled it last week. The Anglo-Australian miner could sue the government, a step likely to fail and further antagonise Belgrade, or bet that pro-mining politicians emerge victorious in April parliamentary elections, a result that would embolden opponents. People inside Rio said that while they were aware of the political tensions around the project, the government's decision to pull the plug was a surprise that left the company scrambling for a strategy on how to proceed.
ZURICH (Reuters) -Swiss chocolate maker Barry Callebaut said strong demand for chocolate, in particular from chefs and caterers, lifted its sales in the three months to Nov. 30, allowing it to confirm its mid-term forecasts. Global demand for chocolate confectionery recovered last year, and Barry Callebaut is benefiting from big food groups outsourcing chocolate production and smaller customers such as restaurants and bakeries also turning to it for upmarket chocolate supplies. Sales volumes rose 8.9% to 610,048 tonnes in the first quarter of fiscal year 2021/22, ahead of underlying chocolate market growth of around 3.1%, the world's biggest chocolate maker said in a statement.
ZURICH (Reuters) -Credit Suisse warned on Tuesday that it would post a fourth-quarter loss as the scandal-hit lender flagged fresh legal costs and said business in its trading and wealth management divisions had slowed. Switzerland's second-largest lender announced plans in November to rein in its investment bankers and plough money into looking after the fortunes of the world's rich as it tries to curb a freewheeling culture that has cost it billions. It said the investment bank would make a loss in the final quarter of the year, while the wealth management business had seen an overall drop in assets.
The ONS said interest payments on government debt trebled to a higher-than-expected £8.1bn last month.
LONDON (Reuters) -Asset manager Allianz Global Investors, part of German insurer Allianz, said on Wednesday it had set up a new unit focused on 'impact' investing in private markets, as part of a sustainable investing drive. AllianzGI, which manages around 647 billion euros ($730.27 billion) in assets, will look to invest in private companies helping solve environmental or social issues in a measurable way, it said in a statement. Impact investing, meanwhile, takes that a step further by tracking the impact of the investments on people and the planet, not just the company's returns.
The declines in European markets on Monday came due to events on the Russia-Ukraine border rather than any other factors that have dominated sentiment over the past two weeks.
Shares in Tod's jumped more than 12% on Wednesday after the Italian luxury fashion group beat forecasts with its first increase in annual sales since 2015. Boosted by strong fourth-quarter growth in Europe and the United States, revenues rose almost 40% to 883.8 million euros ($997 million) last year, just below pre-pandemic levels, the luxury leather goods maker said on Tuesday. The sales figures will allow Tod's to report positive earnings before interest and tax (EBIT) for the 2021 fiscal year, Chief Executive Diego Della Valle said.
Why I think this company's 17-year record of uninterrupted growth in earnings per share looks set to continue and why I'd buy the stock now. The post A top UK stock for 2022 and beyond appeared first on The Motley Fool UK.
UK factory costs rising at fastest pace since 1980, CBI says. Survey finds labour shortages driving ‘intense and escalating cost and price pressures’
ZURICH (Reuters) -Swiss watchmaker Swatch Group said it expected double-digit sales growth in local currencies this year after sales and profits recovered in 2021. It rebounded with a net profit of 774 million Swiss francs ($845 million) in 2021 after a loss of 53 million a year earlier. Swatch shares were indicated 2.9% higher in pre-market activity.
Italian supercar brand Lamborghini plans to roll out its first fully electric model at the end of this decade, its Chief Executive Stephan Winkelmann said in remarks confirmed on Tuesday by a company spokesperson. The plan underscores an even more cautious approach by Lamborghini - part of the Volkswagen Group - to electrification, after Winkelmann last year said the brand's first fully electric car model would appear in the second half of the decade. Lamborghini and other players in the high-performance sports car market, which include Ferrari, Aston Martin Lagonda and McLaren, are wrestling with how to shift their ranges to battery power without losing the high performance that supports their premium pricing.
COPENHAGEN (Reuters) -Denmark's Vestas warned on Wednesday it would have to raise prices for its wind turbines due to higher raw material and transport costs, clouding its prospects for this year despite strong demand. The warning echoes comments from rival Siemens Gamesa, whose shares fell as much as 16% on Friday after it cut its outlook for the third time in nine months, also citing a surge in costs for vital materials such as steel. Companies from utilities and chemicals makers to telecoms firms and supermarkets are raising prices due to a cocktail of factors including rising energy costs and supply bottlenecks, raising the prospect of interest rate rises to curb inflation.
The Government is amending existing regulations ‘to streamline the process and provide certainty to those approaching the end of their lives’.
Wizz Air passenger numbers rise to 7.8m despite Omicron fears. Figure for three months to December leaves Hungary-based airline cautiously optimistic for recovery
The thermometers can be made small, stable and even transparent, according to researchers
STOCKHOLM (Reuters) -Hygiene products group Essity reported a bigger-than-expected drop in fourth-quarter profit on Wednesday and said it planned to further hike prices in the face of record high costs for raw material, energy and distribution. Operating profit at the world's second-biggest maker of consumer tissue fell 34% from a year earlier to 2.75 billion Swedish crowns ($297 million) despite an 11% rise in sales. The Swedish group, which sells consumer tissue such as toilet paper and napkins under a large number of brands including Lotus, Tempo and Vinda, announced plans to raise prices in all product categories and markets this year to compensate for the substantially higher costs.
Tesla has said that it will start manufacturing its own batteries from April 2022
Many key workers are still earning thousands of pounds a year less in real terms than in 2010, TUC said.