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Strong factory output growth helped by easing supply bottlenecks pushed activity in Germany's manufacturing sector to a five-month high in January, a survey showed on Monday. IHS Markit's flash Purchasing Managers' Index (PMI) showed that activity in the manufacturing sector rose to 60.5 from 57.4 in December. Activity in the services sector rose to a two-month high of 52.2 after shrinking in December, confounding a forecast that had pointed to a decline and pointing to a positive mood among consumers and business despite the impact of the Omicron coronavirus variant.
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.
The dollar rose to a two-week high on Monday against a basket of currencies, lifted by rising geopolitical risk over Ukraine and a likely hawkish stance from the Federal Reserve at its policy meeting this week. Markets until recently had mostly shrugged off the massing of Russian troops on Ukraine's borders, but tensions have ratcheted up lately. NATO said it was putting forces on standby and reinforcing eastern Europe with more ships and fighter jets, in what Russia denounced as an escalation of tensions.
The ONS said interest payments on government debt trebled to a higher-than-expected £8.1bn last month.
A record 34% of people would be willing to pay more for better service, according to the UK Customer Satisfaction Index.
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.
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.
Shortly after the tweet, Dogecoin saw a spike from £0.10138 to £0.10761
The cash will be matched by industry, delivering a £60m boost to the developing renewable technology.
Wall Street and FTSE tanks as tensions between the West and Russia over the military buildup on the border with Ukraine dented sentiment and investors brace for the Fed's meeting this week.
LVMH's luxury watch brands Hublot and Bulgari have pushed sales above 2019 levels in the past year and more growth is expected this year on strong U.S. demand, company executives told Reuters ahead of LVMH Watch Week that kicks off on Monday. Hublot and Bulgari, alongside LVMH stablemates Zenith and TAG Heuer, are holding LVMH Watch Week online, with digital presentations of their latest collections. Hublot is showing an extra-slim version of its Big Bang watch, while Italian jeweller Bulgari has Serpenti Misteriosi watches which are hidden in snake-like bracelets and rings.
Markets have tanked in recent days because of fears about US interest rate rises. I’m looking at why these increases could actually be good for this ETF. The post Why I think rising US interest rates could be bullish for this ETF appeared first on The Motley Fool UK.
Company boss Stephen Fitzpatrick said the brand licencing agreement is a ‘common commercial agreement’.
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.
MILAN (Reuters) -UniCredit is unlikely to pursue a deal for Moscow-based lender Otkritie Bank, a source familiar with the situation said on Monday after Russian daily Kommersant reported that Italy's second-biggest bank had lost interest. UniCredit, which has been operating in Russia since 1989, accessed Otkritie's books earlier this month with a view to possibly taking on parts of its business, sources had said. A three-week analysis of Otkritie's financial data is due to conclude at the end of January.
Consumer goods business has come under increasing pressure from shareholders unhappy with its performance
The Government is amending existing regulations ‘to streamline the process and provide certainty to those approaching the end of their lives’.
The company said supply chain costs, delays and staff absences all mean profits will be below expectations
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.