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Despite a decent 2021 and a good start to 2022, I still view the FTSE 100 as undervalued. Here are three Footsie stocks I'd buy for their generous income! The post 3 cheap FTSE 100 shares I’d buy for their bumper dividends appeared first on The Motley Fool UK.
A years-long saga over tech firms transferring data from Europe to the US re-erupted on Thursday, days after Austrian officials slapped down Google for failing to respect EU privacy rules.
Domestic politics did not hurt sentiment, although Prime Minister Boris Johnson was fighting to save his premiership amid a deepening revolt inside his party over a series of lockdown parties in Downing Street. "If anything, there is a risk of the BoE disappointing the market by acting less decisively" at its February meeting, Commerzbank analysts said, adding “a lot has already been priced in” in terms of future rate rises. “Unsurprisingly, political risk has not damaged GBP, where the focus remains squarely on whether the BoE hikes 25bp on February 3,” ING analysts said, adding they “continue to favour EUR/GBP drifting to the 0.8270/80 area.”
It comes after fierce criticism from fund manager Terry Smith and a negative reaction from investors to efforts to buy GSK’s consumer arm.
Marks & Spencer has written to Boris Johnson urging him to use new technology to end physical border checks in Northern Ireland.
WASHINGTON (Reuters) -IMF Managing Director Kristalina Georgieva said on Friday it is not just central bankers who need to fight inflation, but other policymakers have a key role to play, including through boosting vaccinations to end the COVID-19 pandemic. Georgieva told a World Economic Forum virtual panel that the U.S. Federal Reserve, which has signaled that it plans to begin raising interest rates, "is acting responsibly because inflation in the United States is turning into an economic and social concern." Georgieva said it was important for central bankers to be data-driven in responding to inflation and communicate clearly any tightening of monetary policy, but it was also critical for other policymakers to respond, especially by increasing efforts to boost vaccination rates around the world.
British retail sales suffered a record drop in December as consumers shunned the high street due to Omicron concerns, having snapped up Christmas purchases the previous month, data showed Friday.
The food delivery giant's share price rose 2.4% as it reported as 36% rise in gross value of Q4 orders.
People trying to get on the property ladder in some places face spending more than 10 times their annual salary on average.
Shares in wind turbine maker Siemens Gamesa tumbled on Friday after it cut its financial outlook for the third time in nine months, dragging down the market value of its rivals as well as German parent Siemens Energy. Siemens Gamesa shares slumped as much as 16.2% to their lowest since July 2020, while Siemens Energy fell as much 17.4%, its biggest intraday loss ever, wiping out 4.6 billion euros ($5.2 billion) in market value between them. Profit margins at wind turbine makers have been squeezed by a surge in costs for vital materials such as steel, forcing companies such as Siemens Gamesa and Danish rival Vestas to increase their prices.
Influential British fund manager Terry Smith attacked Unilever's failed 50 billion pound ($68.2 billion) bid for GSK's Consumer Health assets as a "near death experience" and urged Unilever management to focus on strengthening performance. In a letter to investors of his Fundsmith vehicle, now the 13th biggest Unilever shareholder, Smith criticized Unilever for failing to openly communicate the benefits of the deal and its "penchant for corporate gobbledegook as substitute for effective action."
Euro zone consumer prices jumped at a record high pace in December, the EU's statistics agency confirmed on Thursday, boosted by a surge in energy prices and supply chain bottlenecks as the economy recovers from pandemic lockdowns. The European Union's statistics office Eurostat said consumer prices in the 19 countries sharing the euro rose 0.4% month-on-moth in December for a 5.0% year-on-year jump, the same as the initial estimate published on Jan 7. Without the volatile energy and food prices, or what the European Central Bank calls core inflation, prices went up 0.4% month-on-month and 2.7% year-on-year.
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Most will end up paying an extra £3.50 a month – or £42 annually – on average for phone and broadband bills.
With many more customers now opting for online fashion shopping instead of the high street, Andrew Woods investigates whether ASOS or boohoo is a better growth stock for his portfolio. The post ASOS or boohoo – which is a better growth stock? appeared first on The Motley Fool UK.
Peloton confirmed it was considering job cuts as its chief executive denied the company was halting production of its pricey bikes and treadmills.
Privately owned Mercadona supermarket chain, Spain's largest retailer by revenue, will raise the wages of all employees by 6.5% to match the country's annual inflation rate last year, it said on Friday. Mercadona's move is in an effort to protect the purchasing power of its 93,000 employees, the company said in a news release. The lowest wage at the supermarket chain in 2022 will be 1,425 euros ($1,614.95) a month, 87 euros more than in 2021, the company said, and 440 euros more than the country's legal minimum wage.
Clive Watson, chief executive of the pub group, told the PA news agency that it has been ‘coming through the worst of it’ in recent weeks.
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.
In the last two years Deliveroo has grown its active customer base from 3.6 million to eight million.