Data shows Britain’s main stock market has regained the title of Europe’s most valuable for the first time in almost two years. The total value of companies listed on the London Stock Exchange (LSE) reached $3.18 trillion on Monday, surpassing the $3.13 trillion total value of Paris-listed companies, Bloomberg data showed. Both valuations have since … Read more
Image source, Getty Images Item information Author, Mitchell Labiak Role, Business reporter June 17, 2024, 4:20 PM BST Updated 1 hour ago Data shows Britain’s main stock market has regained the title of Europe’s most valuable for the first time in almost two years. The total value of companies listed on the London Stock Exchange … Read more
Coros, the sports tech company best known in triathlon circles for its smartwatches and heart rate monitors, today made a move into the cycling market with the launch of an all-new GPS head unit that looks to challenge the best cycling computers. Called the Dura, it’s a similar size to the Wahoo Elemnt Roam and … Read more
Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. A senior European Central Bank official has dismissed the idea that it could buy euro zone government bonds after the announcement of snap French parliamentary elections sparked a sell-off in the country’s debt. Philip Lane, … Read more
The average property on the market now has an asking price of £375,110 The cheaper areas in the North experienced the greatest price growth Most buyers and sellers don’t let the elections affect their moving plans Property asking prices have fallen from their record highs this month, but only by £21, according to Rightmove. It … Read more
UPCOMING EVENTS: Monday: PBoC MLF, New Zealand Services PMI, Chinese Industrial Production and Retail, Eurozone Wage Growth. Tuesday: RBA policy decision, ZEW eurozone, US retail sales, US industrial production. Wednesday: UK CPI, US NAHB housing market index, BoC meeting minutes. Thursday: New Zealand GDP, PBoC LPR, SNB policy decision, BoE policy decision, start of US … Read more
Stay informed with free updates Simply log in to the Chinese economy myFT Digest – delivered straight to your inbox. China’s mortgage-backed securities market has shrunk by almost two-thirds in the past year, following a wave of early redemptions by property owners, highlighting the country’s limited investment landscape. The size of the market stood at … Read more
Friday, June 14, 2024 10:51 am Part Facebook Share on Facebook X Share on Twitter LinkedIn Share on LinkedIn WhatsApp Share on WhatsApp E-mail Share via email At its peak in 2017, the fund held £130m of UK shares. However, by the end of last year this had fallen by 92 percent to just £10 … Read more
Stay informed with free updates Simply log in to the Pharmaceutical sector myFT Digest – delivered straight to your inbox. Have you ever messed up? Avid Biosciences, a small pharmaceutical company from California, has made a mess of things. In 2021, Avid issued nearly $144 million of convertible notes with a 1.25 percent coupon, maturing … Read more
British housebuilder Crest Nicholson has plunged into the red and cut its dividend, highlighting the problems in the British property sector. The FTSE 250 company warned for the fourth time in a year that profits would be below expectations and said it was still hurt by volatile mortgage rates and slowing demand in the housing … Read more