Greggs shares fall as analysts predict near £100mn Budget hit

Greggs shares fall as analysts predict near-£100mn Budget hit

Low-cost bakery chain has not yet commented on impact but retailers warn that measures will hurt

Business - Financial Times - 7 hours ago

Reeves’ Budget measures risk hitting ‘working people’, analysts say

Some businesses will struggle with tax rises alongside a higher minimum wage and new labour laws

World - Financial Times - October 29

UK Budget as it happened: Rachel Reeves raises tax, spending and borrowing

Taxes rise as chancellor delivers the first Labour budget since 2010

Business - Financial Times - October 30

Premier Inn owner hit by falling demand for UK budget hotels

Whitbread profits slip as data suggests travellers are trading up to more expensive options

World - Financial Times - October 16

Luxury goods shares fall as China slowdown hits LVMH

Owner of Louis Vuitton and Dior brands reports 16% drop in third-quarter sales in Asia excluding Japan

Business - Financial Times - October 16

BT says UK Budget will lift costs by £100mn as it lowers revenue guidance

Chief executive Allison Kirkby calls increase a ‘new inflationary pressure that we need to suffer in our business’

World - Financial Times - Yesterday

GB Energy gets just £100mn over 2 years in Budget despite £8bn pledge

Sum raises questions over state-owned company’s ability to help meet 2030 target for decarbonisation

Business - Financial Times - November 1

Amgen’s stock falls as analyst warns that hype around obesity drug is baked in

Truist analyst Srikripa Devarakonda backs away from bullish call as competition mutes potential for biotech’s drug pipeline.

Business - MarketWatch - October 14

PayPal shares fall on revenue miss, soft guidance

PayPal reported better-than-expected third-quarter earnings on Tuesday, but revenue came in slightly below expectations.

Business - CNBC - October 29

Will mortgage rates fall? Your Budget questions answered

Chancellor Rachel Reeves has announced a raft of changes to taxes and spending in the Budget.

CVS Ousts Karen Lynch as C.E.O. and Shares Fall

Shares of the health care conglomerate dropped after the sudden departure of Karen Lynch and a downbeat update on the state of the company’s finances.

Business - The New York Times - October 18

Dexcom shares fall on slow revenue growth

Dexcom shares fell Thursday after the company released third-quarter results that showed slow revenue growth.

Business - CNBC - October 25

Schroders shares tumble to lowest in over 10 years after warning on outflows

Incoming chief executive Richard Oldfield pledges to sharpen asset manager’s focus and execution

Business - Financial Times - 3 days ago

AstraZeneca shares fall as China probe intensifies

Investigation of group’s China chief Leon Wang comes after several employees were found guilty of fraud

World - Financial Times - 3 days ago

Credit Agricole's Shares Fall After Mixed Results

Credit Agricole reported a smaller-than-expected fall in net profit for the third quarter of 2024 but softer revenue missed views, sending its shares lower.

Business - The Wall Street Journal - 2 days ago

JD Wetherspoon warns of near-£60mn jump in taxes and costs following UK Budget

Pub chain says rise from higher taxes and NI contributions will fuel inflation

World - Financial Times - 2 days ago

Workers warned Budget tax rises will hit their wages

Economists say tax rises in the Budget will mean employers have less to give as pay rises.

Trump Media shares surge as Trump wins presidential election

Shares of former President Donald Trump's media company jumped as he won the contentious presidential election.

Business - CNBC - Yesterday

Vistry shares plunge as cost overruns hit profits

UK housebuilder blames ‘insufficient management capability’ and ‘poor divisional culture’ for underestimating costs

Business - Financial Times - 12 hours ago

'New bullish phase'? As gold hits another high, analysts say more records are in sight

Gold is now in a new bullish phase after prices hit a record high, said Sprott Asset Management, echoing other bullish calls for the bullion to scale new highs.

Business - CNBC - October 22

Drone Hits Building Near Netanyahu’s Home in Coastal Israel

The Israeli prime minister and his wife were not home at the time of the strike, his office said. The episode highlighted the challenge drones pose to Israel’s air defenses.

Top stories - The New York Times - October 19

Israeli strikes hit near Beirut airport as conflict in Lebanon grows

Israeli strikes hit close to Lebanon's only international airport as millions of civilians are caught in the crossfires of Israel's growing conflict with Hezbollah. About 1.2 million people have ...

4 killed in "terrorist attack" on Turkish state defense firm headquarters

Four people were killed in a terror attack on the headquarters of Turkey's state-owned Turkish Aerospace Industries near Ankara, an official says.

Rafael makes landfall in Cuba as a Category 3 hurricane

Rafael made landfall as a Category 3 hurricane Wednesday afternoon in western Cuba before weakening, the National Hurricane Center said.

The Browns’ sad and seedy Deshaun Watson era nears its predictable endpoint

The QB’s injury confirmed what most of us already knew: the Browns’ decision to give him $230m was the worst in NFL history. Cleveland’s fanbase came into Sunday’s home Browns-Bengals showdown ...

World - The Guardian - October 21

The Browns’ sad and seedy Deshaun Watson era nears its predictable endpoint

The QB’s injury confirmed what most of us already knew: the Browns’ decision to give him $230m was the worst in NFL history

Sports - Yahoo Sports - October 21

Ulta Beauty shares tick higher, even as company sees 'headwinds' in beauty industry

Retailer Ulta Beauty did not provide guidance for next fiscal year and said it expects near-term challenges to continue.

Business - CNBC - October 16

Chipotle misses revenue estimates as same-store sales growth disappoints

Chipotle's same-store sales rose 6% in the third quarter, just missing Wall Street's expectations.

Business - CNBC - October 30

AMD shares fall as forecast fails to impress despite strong AI growth

AMD shares are up about 20% so far in 2024, although rivals such as Nvidia and Broadcom have had much greater gains during the same period, driven by AI chips.

Business - CNBC - October 30

Shares in weight-loss drugmaker Eli Lilly fall on disappointing sales

US group revises down upper end of full-year revenue estimates

Business - Financial Times - October 30

Latest in Greggs shares fall as analysts predict near £100mn Budget hit