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...Net flows into ESG ETFs totalled €7.1bn in the first quarter, down from €13.8bn in the previous three-month period....
...But this year its share went from 1.9 per cent in January 2023 to 3.6 per cent in October. Such a share remains low compared with the dollar (47.25 per cent) and the euro (23.36 per cent)....
...Garcia has repeatedly pointed out the US used car market has been stable at about 40mn vehicles sold per year and Carvana, even at its peak sales volume, only had 1 per cent of it....
...Gross profits hit £1.9bn, a 7.6 per cent rise compared to the same period last year. Microsoft has a 4 per cent stake in the group and they have been building new products together....
...Óscar García Maceiras, chief executive, hailed the importance of Inditex’s “rigorous” cost control in the past year....
...Shares in DS Smith were down 1.7 per cent at 403p on Tuesday. Mondi declined to comment....
...The US economy grew less than expected in the first quarter of 2024, at an annualised rate of 1.6 per cent, hit by higher inflation data that spooked investors....
...The raised Concord offer represents an increase of about 7.8 per cent on its original offer, or 42.6 per cent to the closing price of 71p a share on the last day prior to the bid....
...But last year the Bank of Korea warned that annual growth was on course to slow to an average of 2.1 per cent this decade, 0.6 per cent in the 2030s and will start to shrink by the 2040s....
...Equity market activity rose just 1.6 per cent. Profits hit £1.9bn, a 7.6 per cent rise on the same period last year....
...It has then pulled off a neat trick: units sales have fallen by a quarter but the closely watched “gross profit per unit” has reached $6,000, a record level....
...The rate of new home construction also rose more than expected in February, jumping 10.7 per cent above the previous month to an annualised pace of more than 1.52mn....
...Britain’s blue-chip index rose 1.6 per cent to finish at 8,023.87 — eclipsing the previous closing high of 8,014.31 it hit in February 2023....
...On a like-for-like basis, UK sales were up 7.7 per cent, Ireland sales were up 6.8 per cent, and Booker (the wholesale part of the business) saw a sales uplift of 5.4 per cent....
...Research from Natixis showed that Chinese trust companies’ exposure to property in the second quarter of last year was 6.7 per cent, down from 15 per cent in 2019....
...Sales fell 6.6 per cent to SFr1.5bn ($1.64bn). It said the issues are expected to be resolved by the end of the first half of this year....
...Contracts tracking the benchmark S&P 500 and the tech-heavy Nasdaq Composite were down 0.7 per cent and 1.3 per cent, respectively, ahead of the New York trading session....
...Expedia’s shares fell 18.7 per cent on the day, their biggest drop since March 2020, with Booking Holdings falling 3.1 per cent and TripAdvisor down 2.6 per cent....
...Excluding one-time expenses, BofA’s earnings exceeded expectations, falling 13 per cent to $7.2bn in the three months....
...France’s Cac 40 dropped 0.6 per cent, Germany’s Dax fell 0.9 per cent, and London’s FTSE 100 dropped 0.4 per cent....
...Durable goods orders, which also include washing machines and cars, increased 2.6 per cent in March from the previous month’s downwardly revised 0.7 per cent, according to the Census Bureau....
...Micron surprised analysts by posting a profit for the first time in 18 months in the quarter that ended February, and forecast $6.6bn in revenue for the current quarter, about $600mn higher than expected...
...European sales volumes rose 1.6 per cent in the quarter as European pubs held up through the cost of living crisis....
...AI investment has ballooned in the 18 months since the launch of OpenAI’s ChatGPT in November 2022....
...Jeremy Hunt said he would increase universal credit and other benefits in line with the September inflation figure of 6.7 per cent, rather than the lower October level, in recognition of the fact that “cost...
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