THIS IS AN ADVERTISING FEATURE Hisashi Arakawa, Investment Manager, abrdn Japan Investment Trust PLC -Japanese shares sold off as Russia escalated tensions with Ukraine. -Companies are passing on rising input cost to their end customers. -Recent earnings reports for the Japanese corporate sector have been buoyant. Japan has not been able to escape the global stock market ...

-First-quarter revenues drop 7.7% -Lower anticipated global light vehicle production volumes -Full-year guidance maintained Global manufacturer of automotive fluid storage and delivery systems TI Fluid Systems (TIFS) said continued supply chain disruptions and Covid-19 lockdowns in China reduced first-quarter revenues through March by 4.1% to €755 million. In constant currencies ...

UK employment and earnings figures on Tuesday highlighted the need for the Bank of England to tighten monetary policy to get inflation under control, allowing sterling to recover some of its recent losses against the dollar. The pound was quoted at $1.2467 midday Tuesday, sharply up from $1.2250 at the London equities close on Monday. London equities also were reacting positively to the ...

- Shares at two-year highs - Gaining market share despite price rises - £201 million one-off Russia costs Shares in tobacco and new-generation product maker Imperial Brands (IMB) leapt to the top of the FTSE 100 leader board gaining 7.8% to a post-pandemic high of £18.46. This was despite the firm posting a 26% drop in first half operating profits due partly to the cost of exiting ...

- 2023 crunch year for CEO Nick Read - Dividend flat at €0.09 per share - Growth remains  Telco major Vodafone (VOD) reported underlying profits and cashflow in line with expectations for the year to 31 March 2022 but said both could be lower in the coming year due to inflation. The FTSE 100 company reported underlying EBITDA (earnings before interest, tax, depreciation and ...

- Branded drinks maker is back in the black - Strengthened balance sheet paves way for dividend reinstatement - Further price hikes likely to mitigate cost inflation Shares in C&C (CCR) fizzed 6.8% higher to 219p after the premium drinks company reported a return to profit for the year ended 28 February 2022 thanks to the return of the on-trade, and served up news of a robust start to ...

International power generation firm ContourGlobal (GLO) gains 33.4% to 258p – topping the FTSE 250 leaderboard – as the company is subject to a 263.3p cash bid from private equity firm KKR. The bid values the business at £1.75 billion and looks set to bring an end to the company’s career as a public company – with ContourGlobal recommending the offer to shareholders. The price on the ...

Both the pound and London share prices were rising early Tuesday, after strong UK employment figures were expected to keep the Bank of England on the path of interest rate hikes. The unusual combination of a tight labour market and falling real wages, due to rampant inflation, puts the UK central bank in a difficult position. The FTSE 100 index was up 28.33 points, or 0.4%, at 7,488.73 early ...

Stocks in London rose above European equities to close higher on Monday, with Vodafone and utility stocks performing well despite dull economic data from China. Poor economic data from China overnight added to a wall of worry faced by equity markets, which have already been weakened by inflationary fears and central bank hawkishness this year. The FTSE 100 closed up 46.65 points, 0.6%, at ...

European shares started the new week lower, reacting a two indicators of a weakening economy in China, but markets had recovered by midday. China's retail sales slumped to their lowest in two years, while factory output plunged, official data showed on Monday, capturing the dismal economic fallout from Beijing's zero-Covid policy. The world's second-largest economy has persisted with strict ...