Burberry flies high thanks to bomber jackets and bumbags | Business

Burberry flies high thanks to bomber jackets and bumbags | Business

Burberry is back in fashion with investors after consumers clamoured to get their hands on bomber jackets and bumbags emblazoned with a new logo. On Tuesday its shares surged 14% making it the biggest riser in the FTSE 100 after a positive response to the latest designs from the new creative head, Riccardo Tisci. It […]

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Trainline valued at nearly £2bn after first trading day | Business

Shares in Trainline jumped 18% on their first day of public trading, valuing the online rail and bus ticketing service at nearly £2bn. The company, which raised £110m in an initial public offering on the London Stock Exchange, is likely to join the FTSE 250 index of mid-cap firms. Trainline set its offer price at […]

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UK unemployment rate hits new 44-year low but wage growth slows – business live | Business

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. Wars, we’re told, are 99% boredom and 1% terror. But you simply can’t be bored by the US-China trade war, which has intensified dramatically this week. Asian stock markets have slumped to three-month lows today, following […]

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Trade war fears send markets reeling as China’s exports fall – business live | Business

8.18am BST08:18 A display showing the Tokyo stock index this afternoon Photograph: Kimimasa Mayama/EPA All the major Asia-Pacific stock markets are in the red again today, dragged lower by trade war anxiety. Japan’s Nikkei shed almost 1.5%, falling by 321 points to 21,602 by the Tokyo close. Stocks in China were also slammed, sending the […]

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UK house price growth picks up but market still subdued – business live | Business

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. A small pick-up in UK house prices hasn’t lifted the downcast mood in Britain’s property market. Nationwide has reported this morning that prices rose by 0.4% in April, meaning the average property now costs £214,920. That’s […]

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US economy smashes forecasts with 3.2% growth, but spending cools – business live

Rolling coverage of the latest economic and financial news, including first-quarter growth figures from America America’s economy grew by 3.2% (annualised) in last quarter Economists only expected 2.2% growth. Equivalent of 0.8% quarterly growth Inventory building and net trade boost growth But consumer spending growth weakens 2.49pm BST Donald Trump’s top economic adviser Larry Kudlow […]

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Markets await UK jobs report and German ZEW data – business live | Business

9.20am BST09:20 Newsflash: Sterling implied volatility (a measure of whether investors are betting on the pound surging or slumping) has hit its lowest level in 16 months. That shows the City isn’t expecting fresh Brexit drama soon, now that Article 50 has been extended until October. 9.07am BST09:07 JD hits record high A branch of […]

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Goldman Sachs profits fall 20%; US-China trade deal hopes grow – business live | Business

The sharp rebound in equities seen this year is beginning to look a little tired and markets were little changed amidst a downbeat set of forecasts from the IMF. While the IMF cuts its global growth forecast for 2019 and warned of downside risks, it is still projecting but with little conviction some recovery in […]

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US growth revised down; Brexit worries weigh on pound – business live | Business

“How can a currency accurately price the risk of both a no-deal and a revocation of Article 50? It is not the job of the pound to be optimistic and hence, following the DUP’s announcement last night that they cannot back the deal as it stands, GBP strength continues to slip away. “Whether the next […]

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Turkish stocks tumble as crackdown on lira speculation spooks markets – business live | Business

Reports that the Turkish lira’s swap rates are surging due to Turkish banks withholding lira liquidity from foreign banks are not true, the head of Turkey’s banking association told Reuters on Wednesday. Earlier on Wednesday, sources told Reuters that Turkey would keep directing its banks to withhold lira liquidity from a key foreign market at […]

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