Airline industry: Four years of pain, says reportAuthor: Mohit OberoiLast Updated: May 29, 2020Global air passenger numbers will drop as much as 55% this year, and won’t recover until 2024, according to a report The aviation industry’s recovery […]
Peet’s Coffee owners defy pandemic to hit €19bn IPO valuationAuthor: Mohit OberoiLast Updated: May 29, 2020JDE Peet’s shares surged 15% on their first day of trading on Friday to become Europe’s biggest initial public offering (IPO) since 2018. The firm […]
Cineworld plans for July opening, stock jumps by a quarterAuthor: Mohit OberoiLast Updated: May 28, 2020Cineworld, the world’s second-largest cinema chain, said it has secured new funding from its lenders and is hoping to reopen all of its sites in […]
Billionaire Carl Icahn sells stake in bankrupt Hertz for £1.6bn loss, stock tumblesAuthor: Mohit OberoiLast Updated: May 28, 2020Billionaire investor Carl Icahn has sold his stock in Hertz, ending a six-year bet in the rental car firm that cost him S1.6bn. Icahn sold […]
Discount retailers to post earnings as they open doors to cash-strapped AmericansAuthor: Mohit OberoiLast Updated: May 27, 2020Craig Johnson, chief market technician at Piper Sandler told CNBC he expects discount retail stocks to outperform in the second half of the year, as […]
ECB boss Christine Lagard: Heightens warning of coming eurozone recession to ‘severe’ from ‘mild’Author: Mohit OberoiLast Updated: May 27, 2020European Central Bank (ECB) President Christine Lagarde said she expects the eurozone economy to go through a slump ranging from “medium” and “severe”, adding that […]
US-China trade tensions may lead to ‘new cold war’Author: Mohit OberoiLast Updated: May 26, 2020Relations between the world two biggest economies China and the US are on “the brink of a new cold war”. “It’s time for the United […]
US IPO market stages comeback after virus lockdownAuthor: Mohit OberoiLast Updated: May 26, 2020Over the last two weeks, six companies have filed for a US initial public offering (IPO) which is higher than the total number of filings […]
Aluminum could hit $1,700 by June, says analystAuthor: Mohit OberoiLast Updated: May 22, 2020Harbor Intelligence analyst Jorge Vazquez says aluminum prices could hit $1,700 per metric ton by June. On Thursday, the spot aluminum contract on the London […]
UK borrows £62bn in April to fight pandemicAuthor: Mohit OberoiLast Updated: May 22, 2020The UK government borrowed a record £62bn in April as the coronavirus pandemic takes a toll on economies across the world. The April borrowing is […]
