… ave been emotional and based on the anticipation of huge leaps forward in space exploration and utilisation, but investing should be something treated with clear eyes and patience, even when such huge numbers are involved,” said Danni Hewson, head of financial analysis at AJ Bell …
… Reflecting the shift, Danni Hewson, head of financial analysis at AJ Bell, noted that the relative lack of tech stocks on London markets helped the FTSE 100 stay in positive territory, even as Wall Street buckled. …
… AJ Bell’s head of financial analysis, Danni Hewson, said Walmart’s warning highlighted the impact of the fuel shock on consumer spending power in the US. …
… AJ Bell investment director Russ Mould said while there was no guarantee Burnham would win a seat in parliament or contest the leadership, his New Statesman comment had “helped push UK borrowing costs higher and seen the pound slump”. …
… Honda expects ¥512bn in EV-related losses in the next financial year ending March 2027. ‘Bleak milestone’ “It’s a bleak milestone for Honda but not a surprising one,” said Danni Hewson, head of financial analysis at AJ Bell. …
… Honda expects ¥512bn in EV-related losses in the next financial year ending March 2027. ‘Bleak milestone’ “It’s a bleak milestone for Honda but not a surprising one,” said Danni Hewson, head of financial analysis at AJ Bell. …
… Danni Hewson, head of financial analysis at AJ Bell, said some drivers may have been given a “nudge” to buy an electric vehicle (EV) in March because of rising fuel prices. …
… Russ Mould, investment director at AJ Bell, said while the holiday and airline industry “is at pains to stress there are no current fuel shortages….consumers are getting jittery”. …
Tech entrepreneur Elon Musk lost his trillionaire status on Tuesday, less than two weeks after becoming the first person to achieve it following SpaceX's public debut; his fortune fell to $957 billion from $1.11 trillion as SpaceX and Tesla shares retreated amid a broader technology stock downturn driven by concerns over artificial intelligence profitability.
Tech entrepreneur Elon Musk lost his trillionaire status on Tuesday, less than two weeks after becoming the first person to achieve it following SpaceX's public debut; his fortune fell to $957 billion from $1.11 trillion as SpaceX and Tesla shares retreated amid a broader technology stock downturn driven by concerns over artificial intelligence profitability.
Technology stocks tumbled on Tuesday as markets questioned whether corporate AI adoption can justify current valuations, with the Nasdaq falling about 3% and semiconductor firms like Nvidia and Intel hit hardest after a sustained three-month rally.
Pensions UK warns that more than three-quarters of workers are not on course to save enough for a "moderate" retirement lifestyle, costing £32,700 annually for one person and £45,400 for two, with only 23% projected to reach that level.
Walmart expects sales growth to slow significantly from May to July as higher petrol prices, driven by the Middle East conflict and rising oil costs, pressure US household budgets. The retailer's finance chief said tax refunds had cushioned the impact, but as those benefits fade, consumers will feel more strain from elevated fuel costs.
UK government borrowing costs have reached an 18-year high and the pound has fallen as Andy Burnham pursues the Labour leadership, with analysts attributing the market movements to concerns that a Burnham-led government would increase borrowing.
Japanese car maker Honda posted an operating loss of ¥423bn ($2.68bn) for the year ending March 2026, citing weaker-than-forecast EV demand, US policy changes including removal of tax incentives and tariffs, and difficulty adapting to market shifts. The company is scrapping some EV production targets, sourcing parts from China to reduce costs, and refocusing on motorcycles, financial services, and hybrid vehicles.
Japanese car maker Honda posted an operating loss of ¥423bn for the year ending March 2026 as demand for electric vehicles fell short of expectations. The company cited weak EV demand, US policy changes including scrapped tax credits and tariffs, and announced it would cut EV production targets and source parts from China to reduce costs.
The UK's economy grew 0.3% in March, exceeding analyst expectations of contraction, as consumers and businesses brought forward spending due to fears of future price rises from the Iran conflict. First-quarter growth reached 0.6%, the fastest quarterly pace in a year and the highest among G7 countries reporting data.
Europe's leading travel operator Tui reported a 10% fall in summer holiday bookings from UK customers who have become more cautious due to the Iran war. The company is cutting seats purchased from airline partners by 4-5% over summer, though its chief executive does not expect jet fuel shortages in the coming weeks.
US consumer prices rose at their fastest rate since May 2023, with April's consumer price index reaching 3.8%, driven by surging energy costs following the impact of the US-Israel war in Iran and disruption to the Strait of Hormuz shipping lane. The rise makes interest rate cuts by the Federal Reserve less likely this year.