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With Jeremy Hunt taking up the role on Friday, Britain has had four finance ministers in just four months. Prior to the 2016 Brexit vote, Britain had four finance ministers in 23 years, underlining a sense of stability that is now gone. The response was brutal: the pound slumped, government borrowing costs surged, lenders pulled mortgage deals and the Bank of England had to intervene to stop some pension funds from going under. While Truss had touted low corporation tax as a way to attract business investment, the executives said they wanted stability. British business investment, which flatlined after the 2016 Brexit vote and then fell sharply during the pandemic, was 6% lower in the second quarter of this year than its level of six years ago, in stark contrast to international peers.

☆ These stocks reporting this week typically beat and gain on earnings days
▼ + stars: | 2022-10-17 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

When looking for companies with a winning earnings history, CNBC Pro reviewed data from Bespoke Investment Group to find names that beat per-share earnings estimates 75% of the time or more and had an average gain on earnings day of at least 1%. Shares are down almost 50% year to date, but have about 31% upside to the average analyst target price, according to FactSet. The bank has beaten Wall Street expectations 84% of the time and has an average 1.7% rally on earnings days. Citizens Financial's shares are down about 23% so far this year and has 20% upside from the average analyst price target, according to FactSet. The stock is down about 15% year to date and has about 16% upside to the average price target, according to FactSet.

☆ What Cramer is watching Monday — BofA nice beat and my informal poll says people hate the market
▼ + stars: | 2022-10-17 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

WFC price target hikes at BMO Capital and Piper Sandler. Citi lowers price target on American Airlines (AAL) to $15 per share from $16. Mizuho cuts price target on Dow Inc. (DOW) to $46 per share from $62, pricing is falling apart. RBC Capital cut price target on Datadog (DDOG) to $105 per share from $125, getting more conservative. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Investing Club: The week in review, the week ahead — Oct. 14, 2022
▼ + stars: | 2022-10-14 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

Club trades for the week Monday Bought 20 shares of Constellation Brands (STZ); Trust owns 390 shares of STZ. On Wednesday, the September producer price index was reported to have risen 0.4% monthly, double the expectation. On Thursday, the September consumer price index was also reported to have increased 0.4% monthly, above the expectation for a 0.3% increase. Excluding automobile sales, sales were up 0.1% slightly ahead of the expectations. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ What Cramer is watching Wednesday — more hot inflation, PepsiCo strong, drug stocks mixed
▼ + stars: | 2022-10-12 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Raymond James lowers price target on Club holding Procter & Gamble (PG) to $155 per share from $175; keeps outperform (buy) rating). Stanley Black & Decker (SWK) downgraded to equal weight from overweight (hold from buy) at Morgan Stanley. Piper Sandler cuts Yeti (YETI) price target to $48 per share from $76 but keeps overweight (buy) rating. Deutsche Bank lowers price targets on all asset gatherers: BlackRock (BLK), Blackstone (BX) and KKR (KKR). As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Aldi UK's trading accelerates as shoppers seek savings
▼ + stars: | 2022-09-26 | by ( James Davey | ) www.reuters.com time to read: +2 min

Register now for FREE unlimited access to Reuters.com RegisterAn Aldi superstore is seen in London, Britain, September 29, 2018. Privately owned Aldi (ALDIEI.UL), which earlier this month overtook Morrisons to become Britain's fourth-biggest supermarket group, said operating profit fell to 60.2 million pounds ($63.8 million) in 2021 from 287.7 million pounds in 2020. The profit fall was blamed on investment to keep prices low, higher staff costs and COVID-19 related expenses. read moreHurley said the cost of living crisis is a time "when Aldi comes into its own". ($1 = 0.9433 pounds)Register now for FREE unlimited access to Reuters.com RegisterReporting by James Davey; Editing by Jason Neely and Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.

☆ Factbox: UK retailers raising staff pay amid cost-of-living crunch
▼ + stars: | 2022-09-22 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Toby MelvilleSept 22 (Reuters) - Retailers in Britain are looking to increase pay and attract staff in a tight labour market, as workers are increasingly taking to strike action amid a cost-of-living crisis in the country. read moreRegister now for FREE unlimited access to Reuters.com RegisterMARKS & SPENCERMarks & Spencer (MKS.L) said on Sept. 21 it would pay a minimum of 10.20 pounds, up from 10.00 pounds, from Oct. 1. read moreSAINSBURY'SSainsbury's (SBRY.L) said on Sept. 13 it will from Oct. 16 pay a minimum of 10.25 pounds, up from 10.00 pounds, and 11.30 pounds in London, up from 11.05 pounds. read moreTESCORetailer Tesco (TSCO.L) in September started to offer better perks to its workers including free food and essentials. read moreMORRISONSMorrisons on June 10 said it would pay a minimum of 10.20 pounds from October, with London workers paid a minimum of 11.05 pounds.

☆ Britain's M&S raises staff pay for second time in 2022
▼ + stars: | 2022-09-21 | by ( ) www.reuters.com time to read: +2 min

Register now for FREE unlimited access to Reuters.com RegisterA Marks and Spencer (M&S) logo is seen on the outside of a store in Cheshire, Britain August 18, 2020. Register now for FREE unlimited access to Reuters.com RegisterThe additional autumn pay review, a first for M&S, follows an initial pay increase in April to 10.00 pounds an hour from 9.50 pounds. The clothing and food retailer said its new package to support workers would cost it 15 million pounds. It includes a one-off 250 pounds M&S voucher for 4,500 salaried colleagues at pre-management levels in stores and support centres. ($1 = 0.8818 pounds)Register now for FREE unlimited access to Reuters.com RegisterReporting by James Davey; editing by Kylie MacLellan and Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

☆ UK's Sainsbury's in talks to sell stores worth 500 mln stg
▼ + stars: | 2022-09-21 | by ( ) www.reuters.com time to read: +1 min

Trolleys stacked together inside a Sainsbury’s supermarket in Richmond, west London, Britain, June 27, 2022. LXi REIT said it would seek to fund the deal through a mix of new equity and debt. If the LXi REIT transaction goes ahead, the cash from that would part-fund the Highbury and Dragon deal, Sainsbury's said. Shares in Sainsbury's were up 1.8% at 0922 GMT, while shares in LXi REIT were up 2.6%. ($1 = 0.8807 pounds)Register now for FREE unlimited access to Reuters.com RegisterReporting by James Davey; editing by William James and Mark PotterOur Standards: The Thomson Reuters Trust Principles.

☆ Factbox: Outspoken British billionaire Mike Ashley
▼ + stars: | 2022-09-20 | by ( ) www.reuters.com time to read: +2 min

Sept 20 (Reuters) - Mike Ashley, one of Britain's most outspoken business leaders, will step down as a director at sportswear and fashion retail group Frasers (FRAS.L) in October, months after handing over the CEO role to his daughter's partner. read moreAshley, 57, has been frank and outspoken about rivals and politicians. His love of casinos and stories of settling banker fees by playing bar games, as well as clips on YouTube showing him sinking a pint of beer in a few seconds, have fed an image of a maverick far removed from the typical British business chiefHere are some facts on the British billionaire:Register now for FREE unlimited access to Reuters.com Register* At 18, Ashley started his first sports and ski shop in 1982 on a high street in the southern English town of Maidenhead, with the help of a 10,000 pound loan from his parents* By the late 1990s, he had opened 100 stores across the UK, rebranding his chain as Sports Soccer* He then took the company public under the name Sports Direct in 2007; The company is now worth 3.75 billion pounds ($4.29 billion) and Ashley is worth 4.02 billion pounds as of June 2022, according to Forbes* In 2007, Ashley also bought British Premier League soccer club Newcastle United, which in 2021 was bought out by a Saudi-Arabian backed consortium after a long-running takeover saga* Known for his acquisition of fellow retailers, Ashley bought a stake in House of Fraser in 2014, and over the years, has taken positions in Debenhams, MySale (MYSL.L), Tesco (TSCO.L), Adidas (ADSGn.DE) and Hugo Boss (BOSSn.DE)* He was heavily criticised by senior British politicians and unions after an investigation in 2015 revealed some workers at Sports Direct received less than the minimum wage* Calls for him to step down as Sports Direct chairman were rejected by the company and Ashley was made CEO* Sports Direct purchased House of Fraser out of administration in 2018 and in 2019 after the merger, he rebranded the Sports Direct empire as Frasers* Ashley stepped down as Frasers CEO early this year, handing over the baton to his daughter's partner Michael Murray, who married his daughter in May; Ashley has three children(Sources: Company website, Reuters reports and UK government website)(1 British pound = $1.1442)Register now for FREE unlimited access to Reuters.com RegisterReporting by Radhika Anilkumar in Bengaluru; Editing by Susan FentonOur Standards: The Thomson Reuters Trust Principles.

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