DIRS.INFO The most relevant business & tech news

☆ European markets head for lackluster open ahead of euro zone inflation, GDP data
▼ + stars: | 2024-04-30 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

European markets are heading for a lackluster open Tuesday ahead of a busy day of earnings and major data releases in the region. Preliminary euro zone inflation data for April and first-quarter gross domestic product figures for the single currency area are due Tuesday, while earnings come from AF-KLM, Stellantis, Capgemini, Mercedes, VW, Lufthansa, Santander, Caixabank, OMV, HSBC, Glencore and Whitbread, among others. Overnight, Asia-Pacific markets largely rose on Tuesday, tracking Wall Street moves, with investors awaiting China manufacturing purchasing managers' index for April. Meanwhile, U.S. stock futures were little changed Monday night after a positive start to the week, as investors brace for megacap earnings, the latest Federal Reserve interest rate decision on Wednesday, and a jobs report. The central bank is broadly anticipated to keep interest rates steady, but traders will be looking to see if Fed Chair Jerome Powell's post-meeting comments are more hawkish after the recent spate of hotter inflation reports.

Persons: Jerome Powell's Organizations: AF, KLM, Stellantis, VW, Lufthansa, HSBC, Glencore, Whitbread Locations: Santander, Caixabank, OMV, Asia, Pacific, China

☆ Barclays reveals 10 debt-laden global stocks at risk from higher interest rates
▼ + stars: | 2023-11-28 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Barclays has identified the European stocks that are most at risk of taking a hit to profits over rising interest payments for debt over the next two years. During the coronavirus pandemic, central banks cut interest rates to historic lows, enabling companies to borrow debt at very favorable rates. The table below shows the 10 stocks Barclays expects to have the biggest increase in interest costs through to 2025. Since interest costs are integral to real estate business models, the impact on margins and profits could be much more severe, the bank's analysts said. The Barclays team is confident that while interest rates can hurt company bottom lines, there was "scant" evidence that showed there was systemic risk.

Persons: Fastighets Balder, Castellum, Vonovia, Matthew Joyce, Zoso Davies Organizations: Barclays, Premier, Whitbread, BASF, Dassault Systemes Locations: Swiss

☆ Odey Asset Management to close, website statement reads
▼ + stars: | 2023-10-31 | by ( Nell Mackenzie | ) www.reuters.com time to read: +2 min

Hedge fund manager Crispin Odey uses his phone outside of Hendon Magistrates' Court whilst facing one charge of indecent assault, in Hendon, London, Britain February 17, 2021. REUTERS/Toby Melville/ File Photo Acquire Licensing RightsLONDON, Oct 31 (Reuters) - Odey Asset Management, one of Britain's best known hedge funds, will shut, it said on Tuesday in a statement on its website, less than six months after its founder faced fresh allegations of misconduct. Crispin Odey, 64, was ousted in June from Odey Asset Management (OAM), which he founded in 1991, after the Financial Times and Tortoise Media reported that 13 women had alleged that he had sexually assaulted or harassed them. Where each fund manager would move, or if their fund was closed without finding an alternative home, was detailed on the hedge fund's website. No new fund manager for Sophia Whitbread, the only female portfolio manager listed, was named.

Persons: Crispin Odey, Toby Melville, Odey, James Hanbury, Jamie Grimston, Oliver Kelton, Freddie Neave, Geoffrey Marson, Canaccord Genuity, Adrian Courtenay, Green, Sophia Whitbread, Peter Martin, Nell Mackenzie, Alun John, Mark Potter Organizations: Hendon Magistrates, REUTERS, Odey, Management, Odey Asset Management, Financial Times, Tortoise Media, Asset Management, Lancaster Investment Management, Reuters, Inc, Bainbridge Partners, Thomson Locations: Hendon, Hendon , London, Britain, S.W, Mitchell

☆ Whitbread's profits jump as Premier Inn-owner enjoys steady demand
▼ + stars: | 2023-10-18 | by ( Eva Mathews | ) www.reuters.com time to read: +2 min

Shares in the British company, originally a brewer, were up 3.5% to 3,437 pence by 0737 GMT to lead London's blue-chip (.FTSE) index. Leisure and business demand are showing signs of staying, Paul said, adding forward-booked revenue was ahead of last year. Whitbread, which owns restaurant chains such as Bar+Block Steakhouse and Brewers Fayre has also seen signs of food inflation easing. The company announced a further 300 million pound share buyback on Wednesday and proposed an interim dividend per share of 34.1 pence, up 40% on last year. ($1 = 0.8193 pounds)Reporting by Eva Mathews in Bengaluru; editing by Subhranshu Sahu and Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

Persons: Lee Smith, WTB.L, Dominic Paul, Paul, Whitbread, Hargreaves, Derren Nathan, Brewers Fayre, Eva Mathews, Subhranshu Sahu, Jason Neely Organizations: Premier Inn Hotel, Brewers, REUTERS, H1, Whitbread, Inn, Thomson Locations: Durham, County Durham, Britain, British, Germany, Bengaluru

☆ Lessons from the original Industrial Revolution
▼ + stars: | 2023-06-09 | by ( Edward Chancellor | ) www.reuters.com time to read: +7 min

These are brilliantly described by Martin Hutchinson, a former Breakingviews columnist, in his new book “Forging Modernity: Why and How Britain Developed the Industrial Revolution”. In fact, several pioneers of the Industrial Revolution were self-taught. The Industrial Revolution can be viewed as the world’s first successful energy transition. The task of financing the Industrial Revolution fell to banks that were scattered across the country, some 800 in all. We are so accustomed to the economic growth sparked by the Industrial Revolution that we tend to view economic expansion as pretty much inevitable.

Persons: Martin Hutchinson, King Charles I, Charles, Duke, Bridgewater, Hutchinson, Josiah Wedgwood, Trent, Samuel, Richard, Adam Smith, William Pitt the Younger, Lord Liverpool, Smith, ”, “, Adam Smith’s, Peter Thal Larsen, Oliver Taslic Organizations: Reuters, Royal Society, Industrial, Nations, Reuters Graphics Reuters, Government, Dudley, Thomson Locations: Britain, England, British, Manchester, Birmingham, Bridgewater, Mersey, Samuel Whitbread’s, West Indies, Netherlands, United Kingdom

☆ Morgan Stanley predicts solid first-quarter results for these 5 European stocks – but with a catch
▼ + stars: | 2023-04-19 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Morgan Stanley predicted that European companies will beat market expectations for first-quarter earnings, citing the better-than-expected macro figures of the last few months. Strategists at the bank warned that these factors could lead to downgrades later in the year, alongside a 10% fall in full-year earnings per share. The table below shows five stocks highlighted by Morgan Stanley, where its analysts have a "high conviction" in results. The investment bank said Saint-Gobain isn't expected to beat market expectations when it reports first-quarter results on Apr. Morgan Stanley is also bullish toward London-listed Whitbread ahead of its full-year results on Apr.

☆ Commodity-linked stocks push FTSE 100 higher; retailers slide
▼ + stars: | 2023-01-12 | by ( Shashwat Chauhan | ) www.reuters.com time to read: +2 min

The blue-chip FTSE 100 (.FTSE) gained 0.6% to hover near a more than four-year high scaled on Wednesday, while the more domestically focused FTSE 250 mid-cap index (.FTMC) rose 0.9%. Retailers Tesco (TSCO.L) and Marks & Spencer (MKS.L) slipped between 0.3% and 1.6% despite strong sales, as both companies warned of inflationary pressures. Financial stocks were among the top gainers on the FTSE 100, with banks like HSBC (HSBA.L) and Barclays (BARC.L) rising 0.9% and 1.4%, respectively. The FTSE 100 has had a bright start to the year so far, rising in almost every session. Centrica (CNA.L) climbed to the top of FTSE 100, jumping 6.1% after the British Gas owner raised its full-year earnings forecast.

Search resuls for: "Whitbread"

7 mentions found