DIRS.INFO The most relevant business & tech news

☆ Tesla's value is dismissing fundamental challenges, says Barclay's Dan Levy
▼ + stars: | 2023-06-21 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla's value is dismissing fundamental challenges, says Barclay's Dan LevyDan Levy, senior autos analyst at Barclays, joins 'The Exchange' to discuss the decision to downgrade Tesla, growing competition in the EV space, and more.

Persons: Barclay's Dan Levy Dan Levy Organizations: Barclays

☆ Telegraph’s $750 million price implies vanity contest
▼ + stars: | 2023-06-08 | by ( Pamela Barbaglia | ) www.reuters.com time to read: +4 min

That’s the only way to explain a possible 600 million pound ($748 million) price tag for the Britain’s Telegraph Media Group (TMG). EBITDA hit 40 million pounds, up 5%, based on UK filings, while borrowings were minimal. Lloyds reckons the price tag could be as high as 600 million pounds, according to media reports. On that basis, TMG’s value including debt would be just over 100 million pounds. Japanese media group Nikkei bought the Financial Times in 2015 for 2.5 times the previous year’s revenue.

Persons: Liz Truss, Hannah McKay, Nick Hugh, EBITDA, Barclay, Sir Frederick Barclay, David, TMG, AlixPartners, Italy’s Agnelli, B.UK, Liam Proud, Oliver Taslic Organizations: Sunday Telegraph, British, Conservative Party, REUTERS, Reuters, Britain’s Telegraph Media, Spectator, Lloyds Banking Group, Lloyds, Daily, Nikkei, Financial Times, Economist Group, Telegraph Media, Telegraph, Sky News, Thomson Locations: Birmingham, Britain, Bermuda

☆ Telegraph’s $750 mln price implies vanity contest
▼ + stars: | 2023-06-08 | by ( Pamela Barbaglia | ) www.reuters.com time to read: +3 min

That’s the only way to explain a possible 600 million pound ($748 million) price tag for the Britain’s Telegraph Media Group (TMG). EBITDA hit 40 million pounds, up 5%, based on UK filings, while borrowings were minimal. Lloyds reckons the price tag could be as high as 600 million pounds, according to media reports. Japanese media group Nikkei bought the Financial Times in 2015 for 2.5 times the previous year’s revenue. Follow @pamela_msg on TwitterCONTEXT NEWSReceivers chosen by Lloyds Banking Group could put the Telegraph Media Group up for sale after its Bermuda-based parent company B.UK failed to repay bank loans.

Persons: Nick Hugh, EBITDA, Barclay, Sir Frederick Barclay, David, TMG, AlixPartners, Italy’s Agnelli, B.UK, Liam Proud, Oliver Taslic Organizations: Reuters, Britain’s Telegraph Media, Sunday Telegraph, Spectator, Lloyds Banking Group, Lloyds, Daily, Nikkei, Financial Times, Economist Group, Conservative Party, Telegraph Media, Telegraph, Sky News, Thomson Locations: Bermuda

☆ Telegraph faces sale after UK lender takes control of owners
▼ + stars: | 2023-06-07 | by ( ) www.reuters.com time to read: +1 min

June 7 (Reuters) - The Telegraph group of newspapers could be sold after the Bank of Scotland appointed receivers for shares of the publisher's owners who failed to repay loans by the bank, restructuring group AlixPartners said on Wednesday. No operational changes are expected for the media businesses or their employees, and "neither the Telegraph Media Group (TMG) nor The Spectator are entering administration," AlixPartners added. The Barclay family owns shares of B.UK Ltd, a holding company within the Penultimate Investment Holdings Limited (PIHL) Group that indirectly owns Telegraph Media Group Limited (TMG) and The Spectator magazine. AlixPartners said the receivers may reach a resolution which could involve the Telegraph and Spectator businesses being sold. Sky News reported on Tuesday that Lloyds was set to launch a 600 million pound ($745.4 million) auction of the Telegraph newspapers and The Spectator magazine.

Persons: AlixPartners, Alastair Beveridge, Ben Browne, Barclay, Aidan Barclay, Howard Barclay, Philip Peters, Rigel Mowatt, Gokul Pisharody, Bharat Govind Gautam, Chiara Ellsei, Chris Reese, Richard Chang Organizations: Telegraph, Bank of Scotland, Lloyds Banking Group, Telegraph Media, B.UK Ltd, Investment Holdings, Group, Telegraph Media Group, Spectator, The Spectator, Sky News, Lloyds, Thomson Locations: Bengaluru

☆ Dollar sags as Fed bets ebb, debt bill passes; Aussie soars
▼ + stars: | 2023-06-02 | by ( Kevin Buckland | ) www.reuters.com time to read: +3 min

The Australian dollar surged after an increase in the minimum wage stoked bets for the central bank to raise rates again next week. A day earlier, Fed Governor Philip Jefferson had said that "skipping a rate hike at a coming meeting would allow the committee to see more data before making decisions about the extent of additional policy firming." "Maybe they hike in June, maybe in July, or maybe they don't hike any more." Money markets currently see about 29% odds of a hike, down from near 70% earlier in the week. Traders currently lay about one-third odds on a quarter-point rate hike on Tuesday.

Persons: Patrick Harker, Philip Jefferson, Shinichiro Kadota, Christine Lagarde, Joe Biden, Monday's, Ray Attrill, NAB's, Kevin Buckland, Sam Holmes Organizations: U.S, Federal Reserve, Australian, Philadelphia Fed, Barclay, European Central Bank, National Australia Bank, Traders, Thomson Locations: TOKYO, U.S, Tokyo

☆ UK government says it is meeting with food bosses over high prices — but denies it will impose caps
▼ + stars: | 2023-05-29 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

The government is reportedly in discussions with supermarkets over voluntary price caps on some items. "The government is not considering imposing price caps. Any scheme to help bring down food prices for consumers would be voluntary," a government spokesperson told CNBC by email. "We know the pressure households are under with rising costs and while inflation is coming down, food prices remain stubbornly high. That's why the prime minister and the chancellor have been meeting with the food sector to see what more can be done."

☆ UK govt to ask supermarkets to cap prices of basic food items - Telegraph
▼ + stars: | 2023-05-28 | by ( ) www.reuters.com time to read: +2 min

LONDON, May 28 (Reuters) - The British government is looking at plans to have retailers cap the prices of basic food items such as bread and milk, the Telegraph reported, as the cost of such essentials continued to rise in the double digits. However, asked about such price controls, health minister Steve Barclay told BBC TV it was "not my understanding" on Sunday. 10 Office is in talks with supermarkets on a deal similar to one in France where major retailers charge the "lowest possible amount", the Telegraph reported on Saturday. Major supermarkets such as Tesco and Sainsbury's have announced price cuts on some food items in recent weeks. High food prices are a direct result of the soaring cost of energy, transport, and labour, as well as higher prices paid to food manufacturers and farmers," BRC's Andrew Opie said.

☆ China's economy is growing again. So why are investors dumping stocks?
▼ + stars: | 2023-05-19 | by ( Laura He | ) edition.cnn.com time to read: +7 min

Investors trimmed their exposure to China amid economic uncertainty in the country, rising geopolitical tensions and Beijing’s crackdown on international consulting firms. The Nasdaq Golden Dragon China Index has lost more than 5% since April 18. Another concern for global investors is the country’s “fundamental investability,” he said, referring to geopolitical and Chinese policy risks. Ontario Teachers’ Pension Plan, one of the world’s largest pension funds, has closed its Hong Kong-based China equity investment team. “The more cracks appear in Western economies,” the more global investors will need to put money into Chinese assets, he added.

☆ In ‘City on Fire,’ the New York of the Early 2000s Burns Bright
▼ + stars: | 2023-05-04 | by ( Austin Considine | ) www.nytimes.com time to read: +1 min

To the younger actors there to help recreate the night of Aug. 14, 2003, what they “saw” required a leap of imagination. But thanks to postproduction wizardry, viewers of the new series “City on Fire,” debuting May 12 on Apple TV+, will see what for New Yorkers during the regionwide blackout that night was so extraordinary: a night sky dotted with stars. The 2003 blackout had a distinctly communal energy compared with the blackout of 1977, which features prominently in the Garth Risk Hallberg novel “City on Fire,” on which the Apple series is based. As in the late ’70s, New York City’s future then seemed uncertain and its underground rock scene was vital. The Yeah Yeah Yeahs and the beginning of Mayor Bloomberg’s controversial rezoning efforts.

GMB's backing means the offer has been accepted by four unions representing National Health Service (NHS) workers whose members include midwives, physiotherapists and ambulance workers. The NHS Staff Council, which includes representatives from NHS employers and trade unions, is due to meet on May 2 to vote on whether to accept the offer. The GMB's leadership said it would now vote in favour of the pay offer, after 56% of its members who voted in a ballot accepted the deal. "This new pay offer would not have happened without the strike action taken by ambulance and other GMB health workers," said Rachel Harrison, GMB National Secretary. "Our members recognise that progress has been made - from the government originally offering nothing, health workers will be thousands of pounds better off."

☆ UK set to curb nurses' strike after union does not defend legal action
▼ + stars: | 2023-04-27 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Toby MelvilleLONDON, April 27 (Reuters) - The British government on Thursday looked set to limit the length of an upcoming strike by nurses, after their trade union did not send lawyers to defend legal action it has brought over the dispute. However, Britain's health department says that industrial action on May 2 would be unlawful because a vote to strike is only valid for six months after a ballot of trade union members. Lawyers representing health minister Steve Barclay told London's High Court on Thursday that, as the RCN ballot closed on Nov. 2 last year, a strike on May 2 would be "clearly unlawful action". Lawyer Andrew Burns, representing the government, said the union had performed "a significant U-turn" and was no longer contesting the bid to have the final day of its strike action declared unlawful. "We have ended up in a very regrettable situation where a major – and, one would hope, responsible – trade union has been publicly saying that its members can take lawful strike action on May 2," Burns said.

☆ UK health minister says he will seek court order to block nurses' strike
▼ + stars: | 2023-04-21 | by ( ) www.reuters.com time to read: +1 min

April 21 (Reuters) - British health minister Steve Barclay said on Friday that he intends to pursue legal action against the Royal College of Nursing's upcoming strike action. "Following a request from NHS Employers I have regretfully provided notice of my intent to pursue legal action to ask the courts to declare the Royal College of Nursing's upcoming strike action planned for 30 April to 2 May to be unlawful," he said. "Bullying nurses and dragging us through the highest courts would not be a good look for government," the Royal College of Nursing (RCN) said in a response to his statement. Last week, nurses in England rejected an offer of a 5% pay rise and set out plans for further strikes. Reporting by Shivani Tanna in BengaluruOur Standards: The Thomson Reuters Trust Principles.

☆ Junior doctor strike: Some of England's trainee doctors are paid less than fast-food workers. They've had enough
▼ + stars: | 2023-04-14 | by ( Anna Cooban | ) edition.cnn.com time to read: +7 min

“For too long we have been undervalued,” Vivek Trivedi, co-chair of the BMA junior doctors committee, told a crowd of striking doctors Tuesday. It is difficult to compare the salaries of UK junior doctors with those of their international peers, said Lucina Rolewicz, a researcher at Nuffield Trust, a healthcare think-tank. Junior doctors make up nearly 40% of England’s NHS doctors, according to the confederation. But NHS junior doctors have been squeezed for well over a decade, says former radiologist Tania King-Mohammad. “[Junior doctors’] pay is not reflective of their education, dedication and commitment,” King-Mohammad said.

☆ Loan losses for banks will rise, but will be manageable, says Barclay's Jason Goldberg
▼ + stars: | 2023-04-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLoan losses for banks will rise, but will be manageable, says Barclay's Jason GoldbergJason Goldberg, Barclay senior equity analyst, joins 'Closing Bell: Overtime' to discuss bank earnings heading into regional banks reporting next week.

☆ Watch CNBC’s full interview with G Squared’s Victoria Greene and Barclay Investment’s Venu Krishna
▼ + stars: | 2023-04-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with G Squared’s Victoria Greene and Barclay Investment’s Venu KrishnaG Squared’s Victoria Greene and Barclay Investment’s Venu Krishna, join 'Closing Bell: Overtime' to discuss market expectations and outlook.

☆ Margins will be under pressure as inflation comes down, says Barclay's Venu Krishna
▼ + stars: | 2023-04-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMargins will be under pressure as inflation comes down, says Barclay's Venu KrishnaG Squared’s Victoria Greene and Barclay Investment’s Venu Krishna, join 'Closing Bell: Overtime' to discuss market expectations and outlook.

☆ Britain braces for 'unparalleled' disruption from doctors' strike
▼ + stars: | 2023-04-10 | by ( ) www.reuters.com time to read: +2 min

[1/4] Junior doctors hold placards during a strike, amid a dispute with the government over pay, outside St Thomas' Hospital, in London, Britain April 11, 2023. REUTERS/Maja SmiejkowskaLONDON, April 11 (Reuters) - Junior doctors in Britain began a four-day strike on Tuesday over pay that is likely to cause unprecedented disruption to the health service, prompting the government to warn of a risk to patient safety. Tuesday's walkout followed a three-day doctors' strike last month. The BMA has said the strikes by junior doctors, some of whom are very experienced, could be stopped if health minister Steve Barclay put a credible pay offer forward. He says the BMA's demands are unreasonable and would mean an increase of more then 20,000 pounds ($24,840) for some doctors.

☆ Tesla just flashed a sell signal that could spark a 14% decline amid more vehicle price cuts
▼ + stars: | 2023-04-07 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Tesla stock just flashed a sell signal that could spark 14% downside, according to Fairlead Strategies' Katie Stockton. The technical sell signal comes amid more price cuts for Tesla's Model 3, X, and S vehicles. A signal line is plotted, which can function as a buy and sell signal. "Incremental price cuts likely needed amid inventory build, especially as production at Austin and Berlin ramps [higher]," Barclay's said earlier this week. These price cuts should weaken Tesla's profit margins, which, aside from delivery figures, is what Wall Street is laser focused on.

☆ Tesla falls 7% as first quarter deliveries show growing inventory buildup and analysts say that more price cuts may be needed
▼ + stars: | 2023-04-03 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Tesla stock fell 7% on Monday after the company announced its first quarter vehicle deliveries. Tesla delivered 422,900 vehicles last quarter, which was ahead of Wall Street's 421,500 estimate. The stock fell as Tesla vehicle inventory surged, suggesting to some analysts that they need to enact more price cuts to spark demand. "Incremental price cuts likely needed amid inventory build, especially as production at Austin and Berlin ramps [higher]," Levy said. Analysts at Bernstein also suggested that more price cuts could be needed if Tesla wants to achieve its volume targets.

☆ CNBC Daily Open: Banks got hammered by SVB's collapse. But the Fed might still raise rates
▼ + stars: | 2023-03-14 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

The exterior of a First Republic Bank branch is seen on Barclay Street on March 13, 2023 in New York City. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The biggest losers: First Republic Bank plunged 61.83%, Western Alliance Bancorp plummeted 57.06% and KeyCorp sank 27.33%. Despite the turmoil in the banks, markets and analysts expect the Fed to go through with rate hikes. Subscribe here to get this report sent directly to your inbox each morning before markets open.

☆ UK doctors begin strike likely to be 'most disruptive' for health service
▼ + stars: | 2023-03-13 | by ( ) www.reuters.com time to read: +2 min

[1/3] People attend a protest by junior doctors, amid a dispute with the government over pay, outside St Thomas' Hospital in London, Britain, March 13, 2023. The strike is the latest involving staff at Britain's state-funded National Health Service (NHS), following walkouts by nurses, paramedics and other workers demanding a pay rise that better reflects double-digit levels of inflation. "This is likely to be the most disruptive set of industrial action days that we've seen all winter," Powis told Times Radio. "We are working closely across the NHS to make sure that services are not affected in those emergency pathways," he said. Junior doctors in Britain are qualified physicians, often with several years of experience, who work under the guidance of senior doctors and represent almost half of the country's medical workforce.

☆ Why the implosion of Silicon Valley Bank is actually a good thing for stocks
▼ + stars: | 2023-03-13 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

The implosion of SVB makes for scary headlines, but it could actually be great for the stock market. That's because the Federal Reserve may be forced to slow the pace of rate hikes it's been enacting since March 2022. A number of Wall Street firms have already forecasted a pause in rate hikes, Goldman Sachs chief among them. A reversal in a key market dynamicFast-rising interest rates throughout 2022 dinged company valuations and sent the broader stock market into a bear market. Some have pointed to the 1994 bankruptcy of Orange County as an event with parallels to today's interest rate environment.

☆ UK doctors begin three-day strike in pay dispute
▼ + stars: | 2023-03-13 | by ( ) www.reuters.com time to read: +3 min

LONDON, March 13 (Reuters) - Thousands of junior doctors in England walked out on Monday in three-day strike that will disrupt patient care, as they protest over pay they say can work out at less per hour than a barista. Junior doctors in Britain are qualified physicians, often with several years of experience. [1/3] People attend a protest by junior doctors, amid a dispute with the government over pay, outside St Thomas' Hospital in London, Britain, March 13, 2023. Last month, 98% of the nearly 37,000 who took part in the BMA's strike ballot voted in favour. Robert Laurenson, co-chair of the BMA's Junior Doctors Committee, said they had seen a real terms pay cut over the last 15 years due to public sector wage freezes.

☆ Investors step into U.S. bank stocks, but with some caution
▼ + stars: | 2023-03-02 | by ( Sinéad Carew | ) www.reuters.com time to read: +4 min

The S&P 500 bank subsector (.SPXBK) is up 4.9% so far in 2023 slightly ahead of the benchmark S&P 500's (.SPX) 3.3% gain. But some investors are circumspect as banks themselves warned during earnings season in January that they expect higher loan losses and weaker demand for borrowing. The rate increases have boosted banks' income, giving them the go-ahead to charge higher interest rates for loans. But now, bank customers with savings accounts are seeking out higher interest rates on deposits, offsetting some lending gains. Barclay's analyst Jason Goldberg sees economic strength as a bigger factor for bank stocks this year than the Fed hikes path.

☆ NHL roundup: Roope Hintz's SO goal lifts Stars past Knights
▼ + stars: | 2023-02-26 | by ( ) www.reuters.com time to read: +8 min

Rookie Wyatt Johnston also scored a goal and Jamie Benn added two assists for the Stars. Eichel and Michael Amadio both scored goals for Vegas, which saw its five-game home winning streak snapped. Patrik Laine had a goal with two assists and Kirill Marchenko scored twice for the Blue Jackets, who swept the two-game season series from Edmonton. It was Oshie's first career game with a goal, assist and a fight, known as a Gordie Howe hat trick. Tyler Toffoli scored, Jacob Markstrom turned away 18 shots and Nazem Kadri had an assist in his return to Colorado.

Search resuls for: "Barclay"

25 mentions found