UBS Global Wealth Management has upgraded its view on global equities from “neutral” to “attractive”, citing several factors such as resilient U.S. economic growth, monetary policy easing by major central banks, and an artificial intelligence (AI) boom. The analysts at UBS expressed confidence in the economic growth, stating that central banks have been proactive in … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Boohoo has responded to demands from Mike Ashley’s retail empire to appoint him as chief executive, stating the need to safeguard its commercial interests. The online fast-fashion retailer, which holds discussions with Frasers Group, emphasized … Read more
A California-based produce company was identified as the source of fresh onions linked to a deadly E. coli food poisoning outbreak at McDonald’s, according to officials from the restaurant chain. In response, other fast-food restaurants such as Taco Bell, Pizza Hut, KFC, and Burger King have also removed onions from some of their menus. McDonald’s … Read more
On interest rates: We have a symmetric approach to our inflation target, and we need to ensure that inflation returns to our target in a sustainable manner. We need to be data dependent and assess the risks to our outlook. The recent data on inflation has been lower than expected, so we need to consider … Read more
Gentoo Media has provided a trading update for the third quarter of 2024, announcing expected revenues of EUR 30.4 million with an EBITDA-margin between 46-48%. This marks the company’s 15th consecutive quarter with record-breaking revenues. The full-year guidance for 2024 remains unchanged, with revenues projected to be between EUR 125-135 million and an EBITDA margin … Read more
If you reside outside of a swing state, you may almost forget that there is a tumultuous US election taking place if you really try. However, if you live inside one, it’s hard to escape the reality. Lawn signs. Billboards. Text messages. So many text messages. In the seven battleground states that will determine the … Read more
“ Should the future of our society be determined by the leaders of major tech companies? According to Nobel economics prize winner Simon Johnson, giving too much power to a small group of billionaires will come at the expense of the public interest. The British-American economist, who teaches at MIT, also emphasized that the advancement … Read more
Microsoft CEO Satya Nadella was awarded a pay increase for the 2024 fiscal year, receiving over $30 million more than the previous year. However, his total compensation could have been $5.5 million higher if not for a series of cyberattacks that impacted the company. For the fiscal year ending on June 30, Nadella’s total compensation … Read more
Australian flag carrier Qantas Airways has raised its revenue expectations for its domestic operations in the first half of the financial year. The airline is now anticipating a 3% to 5% increase in revenue per available seat kilometre for its local business, up from the previously forecasted 2% to 4%. Additionally, Qantas expects domestic capacity … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Consumer confidence in the UK has dropped to its lowest point this year as people await potential tax increases in the upcoming Budget. The GfK consumer confidence index, which measures how individuals perceive their personal … Read more