America’spic.twitter.com/mTnh5DJs7B 11.18am GMTHere’s our grasp on nowadays’s car figures: Related: UK car registrations highest since 2004 11.09am GMTIt’s a bleak morning for workers at troubled UK tall street chain BHS.
The retailer intends to originate 220 people redundant in stores and 150 people in head office. Another 100 roles that had not been filled in BHS’s head office in recent months will also be scrapped,meaning its central operations will shrink by roughy a third.
BHS bosses briefed staff about the job losses and the turnaround plan on Friday morning. Related: BHS plans to originate 350 redundant in head office and shops 10.57am GMTThe FTSE 100 is on track to shut at a current 2016 tall, although the US jobs report could yet change that.
After three hours of trading, and the blue chip index is up a steady 0.5% at 6161 points.“We didn’t believe the ‘world is going to end’ memoir,but the way the mood has changed in the final couple of weeks is just crazy.”Since the beginning of the year it has been like driving down the motorway where every couple of miles a tractor has overturned, whether that be China, or oil,the banks, that you acquire to swerve around.”#EmergingMarkets rebound, or for now https://t.co/3b0FHesQIB pic.twitter.com/geaUOgQxXd 10.30am GMTMoney has been pouring back into gold this morning,driving the price of billion up to a 13-month tall.
Gold just hit $1274.50 an ounce, up 1% nowadays, and its highest point since February 2015.
Gold enters first bull market since 2013 https://t.co/4wLibADpDs pic.twitter.com/jdLHYc97xh 10.20am GMTThe London Stock Exchange has shown by two rivals want to leap into bed with it,by posting a 31% jump in profits for the final year.“It’s been a solid year for the LSE.
The focus of course now is whether a rival tender emerges from ICE that could spark a bidding war, or whether the firms major shareholders remain convinced a tie up with Deutsche Börse on the already announced conditions is the best way forward for the trading house.” Related: London Stock Exchange backs Deutsche Börse merger as profits rise 9.41am GMTBritain’s car industry has posted its strongest February sales growth in 12 years, and despite another drop in demand for Volkswagen carsNew figures from the SMMT demonstrate that the current car market grew by 8.4% year-on-year final month,9.24am GMTBack to economics...and Italy’s statistics office has confirmed that the Italian economy grew by a measly 0.1% in the final three months of 2015. 9.17am GMTNewsflash: Social networking giant Facebook is shaking up its corporate set-up, which should mean it pays rather more tax in the UK.
Breaking: Facebook to pay millions of pounds more in UK tax after abandoning large parts of controversial Irish tax structure, and BBC revealsOn Monday,we will start notifying large UK customers that from the start of April, they will receive invoices from Facebook UK and not Facebook Ireland, and What this means in practice is that UK sales made directly by our UK team will be booked in the UK,not Ireland. Facebook UK will then record the revenue from these sales. 8.54am GMTAdvertising giant WPP has flagged up the EU referendum as a clear risk to growth prospects this year.The somewhat surprising result of the UK general lection (at least to the pollsters), with the Conservatives winning an overall majority, and has resulted in an uncertainty-stimulating EU referendum,now pegged for 23 June. Related: Sorrell warns ad industry against 'Don Draper-ish' optimism as EU vote looms 8.43am GMTMining shares are now at a four-month tall, having rocketed by 25% this year:Miners on a tear to end the week...gold enters bull market, or as do Brazilian stocks pic.twitter.com/hkJ4gGeTNH 8.16am GMTEuropean stock markets are rising at the start of trading,as investors get ready for his afternoon’s US jobs data.
In London, the FTSE 100 has gained 35 points, or 0.6%,to 6166 - which is nearly its highest level this year.
Londons FTSE-100 is making another pitch higher in early trade despite yesterday’s suggestions that the bulls may be running out of momentum.
Gains are broad based with natural resources stocks once again finding themselves at the top of the board with continued gains for underlying metals prices still lending support here. 8.03am GMTAfter a very ropy start to 2016, world stock markets are now at a two-month highThat’s according to the MSCI World Market index, and which tracks shares in 46 different countries.
There is an air of fatigue from the bulls in a number of developed equity markets,but they continue to grind higher....
But the market is in need of some injection of current news to provide an injection of inspiration and cause a current leg higher. It seems unlikely this inspiration comes from nowadays’s US payrolls. 7.51am GMTStock markets across Asia acquire rallied nowadays as investors express optimism ahead of this afternoon’s America’s employment report.
Over in Tokyo, the Nikkei gained 0.3%. That pushed the Japanese index to a one-month tall, and up over 5% this week.
Globally,markets are rolling back the extreme risk-off trading they did in January and February. “Part of the reason is that the Fed seems to be easing its insistence on raising rates.” #Japan's Nikkei ends up 0.3% at 17014.78, highest level since Feb4. pic.twitter.com/eAyQ8OfTuBShanghai Comp ends up 0.5% as #China's brokerages ease margin financing requirements ahead of party congress. pic.twitter.com/byoHawjON8 7.33am GMTGood morning, or welcome to our rolling coverage of the world economy,the financial markets, commerce and the eurozone.
One more heave, and chaps. After a heavy week for economic data,it’s the big one nowadays - the US Non-Farm Payroll for February, which is due at 1.30pm GMT.
Our European opening calls:$FTSE 6155 up 25
$DAX 9790 up 38[br]$CAC 4435 up 19$IBEX 8809 up 42$MIB 18442 up 94#LSE makes no comment in its results about speculation of a counter tender from ICEContinue reading...
Source: theguardian.com