Morgan Stanley said the car giant could lose 95 percent of its value in the coming year should tensions with China escalate and weaken demand for its vehicles. Analyst Adam Jonas slashed his “bear case” scenario for Tesla, suggesting shares could be worth $10 to $391, with a...
M&S updated investors on its transformation programme this morning as the company unveiled a drop in annual profits due to falling sales across its clothing arm and food halls. The retailer is planning on closing 110 stores by 2024, including 85 full stores and 25 Simply Food outlets....
Pret, which has 500 branches across the UK, currently only has a handful of vegetarian-only cafes - three in London and one in Manchester - but the takeover will provide capacity to expand the plant-based outlets. Pret said it would convert as many of Eat's 94 branches as...
Thousands of jobs are expected to be put at risk should the insolvency process be announced today. Sky News is reporting how administrators for the business services firm EY were thrashing out final details of their appointment. Almost 5,000 workers are employed by the company, mainly in Scunthorpe....
The second bank holiday of the month is coming up on Monday, May 27, as England and Wales enjoy the Spring bank holiday. The Government ensures that payments for benefits claimants are made early in cases when the payment is due on a bank holiday so entire there’s...
Personal Independence Payment (PIP) is a welfare benefit intended to help eligible adults with extra costs of living with a long-term health condition or a disability. The payment is tax free and people can get paid whether they are in or out of work. PIP is usually paid...
Germany returned to growth in January to March of this year, skirting fears of recession after struggling from dented manufacturing figures at the end of 2018. Gross domestic product (GDP) rose 0.4 percent quarter-on-quarter and 0.7 percent year-on-year calendar-adjusted, preliminary figures from the Statistics Office showed Wednesday. It...
Investors are being warned how cryptocurrency fraud is a “scammers’ paradise” with those being conned losing more than £27million in total in 2018-19. This works out at around £14,600 lost on average per scam. Action Fraud and the Financial Conduct Authority (FCA) noted how fraudsters are promising fake...
The Dow Jones was up by 155 points to 25,835.23, or 0.60 percent, shortly after the US stock market open at 2.40pm BST. It had closed down 84.1 points to 25679.9. Meanwhile, the S&P 500 opened higher by 13.79 points, inching up 0.49 percent, to 2,854.02. The Nasdaq Composite...
British Steel, the UK’s second largest steel producer, is on the brink of administration unless the Government agree to issue an emergency £30million loan by Tuesday afternoon. Without the loan, 4,500 jobs would be at risk and further down the supply chain a further 20,000 people would be...