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Tag: markets
2020-07-02 23:13:00| Fool.com Headlines
Investors are excited about the potential for a full economic recovery.
2020-07-01 22:38:32| Fool.com Headlines
The first day of the third quarter was mixed on Wall Street, but not for these stocks.
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2020-06-30 10:37:28| Guardian Unlimited Business - more business news
Rolling coverage of the latest economic and financial news, as Chinas manufacturers and services companies report growth in JuneIntroduction: Chinas PMIs show recovery underwayExperts: Global recovery underwayWorld markets have surged 18% this quarterFTSE 100 on track for best quarter since 2010UK economy shrunk faster than feared in Q1Coronavirus latest updatesSee all our coronavirus coverage 9.36am BST UK housebuilder Redrow has sent a shiver through the property sector this morning, as it warned that profits will be badly hit by the coronavirus outbreak.Redrow told shareholders that it is scaling back its operations in London. Following the lockdown, there is more demand for houses with space to work inside, and nice places to visit nearby.Recent studies have highlighted that the Covid-19 pandemic has shifted home movers priorities. In particular, there is a desire for more inside and outside space, wanting to live closer to green spaces and having better home workspace. Redrows reputation for placemaking and its award winning Heritage product ideally position the business to meet these changing customer priorities. Following a review of our divisional businesses, we have decided to scale-back our operations in London to focus on the Colindale Gardens development [in North West London] and continue to target the Groups future growth on the higher returning regional businesses and the Heritage product.Redrow has issued a profit warning and announced plan to scale back housebuilding in London to focus on regions-Says it will return furlough money given groups resilient cashflow-Annual home sales and turnover down 37% and 36%-Urges gov to extend current Help to Buy schemeThis will create panic at the Bank of England https://t.co/pgbFgNYJVK 9.25am BST Heres our economics editor Larry Elliott on todays UK GDP figures:Britains economy contracted by 2.2% in the first three months of 2020 its sharpest decline in more than 40 years as the immediate impact from the Covid-19 pandemic provided an even more severe hit to output than first thought.Fresh data from the Office for National Statistics showed that gross domestic product fell by 6.9% in March, even though the government-imposed lockdown only came into force with nine days left of the month. Related: UK economy hit by sharpest fall in 41 years amid Covid-19 crisis Continue reading...
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2020-06-30 01:10:00| Fool.com Headlines
The new week got off to a good start.
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2020-06-29 12:00:42| Business - International Herald Tribune
The latest on stock market and business news during the coronavirus outbreak.
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