Hints and tips:
...And if we had a leaner organisation we can do more,” said Jefferies analyst Brent Thill. “The lay-offs are going to continue and it may get worse. It’s become contagious.”...
...In commodities markets, oil prices gained on the prospect of increased demand from China, with Brent crude, the international benchmark, up 0.4 per cent at $85.92 a barrel....
...The price of Brent crude hit $70 yesterday as global economic recovery strengthened prospects for oil demand....
...Brent crude, the international benchmark, fell about 25 per cent between December and February, before plummeting a further 60 per cent in March....
...members have been forced to revert to a quota system of production, but even with significant volumes taken off the market the price has failed to increase above a core range of $60 to $70 for a barrel of Brent...
...“Since the start of sanctions on Russia, the government and companies have been preparing for some kind of downturn,” said Mitchell Jennings, industry analyst at Sova Capital in Moscow....
...The price of Brent crude, the global oil marker, fell 4 per cent to $56.19 a barrel. Gold rallied 1 per cent to $1,659.57 per troy ounce....
...Restaurant Group stays “buy” post its recent cashbox, while Mitchells & Butlers is top sector pick with a 400p target....
...This dislocation could be further pronounced if visibility of the bottom on oil demand emerges and $20 Brent proves to be a floor....
...Perhaps when all this money arrives the United States can be paved from coast to coast, as Joni Mitchell foretold. UK corporate wise, there’s not much....
...Oil prices surged following the attack, with Brent crude jumping above $71 a barrel before falling back. Donald Trump is due to make a statement in the coming hours, but tweeted “all is well!”...
...Meanwhile, Peel Hunt’s gone to “buy” from “add” on pub operator Mitchells & Butlers with a 300p target....
...The corporate calendar includes Mitchell & Butlers and Bovis....
...And in July 1989, just one month after the Chinese military bloodily suppressed pro-democracy protests in Beijing, George Bush dispatched his national security adviser, Brent Scowcroft, on a similarly secret...
...Greene King lost 6 per cent to 526.2p and Mitchells & Butlers was 0.7 per cent weaker at 267.6p....
...FastFT reports pub and restaurant chain Mitchells & Butlers said on Friday that its sales growth had slowed since late November, with a bout of bad weather offsetting an upbeat holiday run....
...On the corporate front are earnings from Mitchells & Butlers and Bovis Homes Group....
...Corporate earnings reports out today include Bouygues, Brewin Dolphin, SSE, British Land, Mitchells and Butlers, Countryside and Mothercare....
...Earlier in May, Brent fell as low as $47, and in the run-up to the deal it rose above $54....
...UK companies reporting today include: Kingfisher, Clydesdale Banking Group, Compass, Babcock, GW Pharma, AO World, Mitchells & Butlers, HomeServe and DeLaRue....
...SIG, the UK building materials company, has announced the immediate departure of its chief executive Stuart Mitchell “by mutual agreement”, as it warned full year underlying profit before tax is likely to...
...At the peak of last month’s China commodities fever, the number of steel rebar contracts traded in Shanghai exceeded volumes for the world’s two most important crude oil benchmarks, Brent and West Texas...
...The energy industry has been hit hard over the past 18 months, as the price of Brent crude has slumped from $115 a barrel to below $40 — the lowest level in more than a decade....
...Brent crude has fallen from $115 per barrel in the summer of 2014 to $35 now. BP, the UK oil major, announced this week it lost $5.2bn (£3.6bn) in 2015 — its worst annual loss ever....
...It’s last orders for Alistair Darby at Mitchells & Butlers and the AA’s earnings could do with some roadside assistance....
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