… 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”. …
Nvidia has agreed to provide a guarantee of up to $105 billion to help OpenAI lease a data centre in Ohio being developed by SoftBank-owned SB Energy, and will also invest $1.5 billion in SB Energy. Nvidia will be the exclusive chip provider for the facility, which will have a capacity of as much as 8 gigawatts, with the first 800 megawatts expected to come online in 2028.
Nvidia has agreed to provide a guarantee of up to $105 billion to help OpenAI lease a data centre in Ohio being developed by SoftBank-owned SB Energy, and will also invest $1.5 billion in SB Energy. Nvidia will be the exclusive chip provider for the facility, which will have a capacity of as much as 8 gigawatts, with the first 800 megawatts expected to come online in 2028.
Intel announced plans to raise $15 billion through a share sale to fund expansion of its chip contract manufacturing business. Bloomberg reported Intel could increase the offering to about $20 billion priced at $95 per share or higher, with investor demand exceeding $100 billion.
No-frills airline EasyJet has agreed to be taken over by US investment firm Apollo in a £5.7bn deal after rival bidder Castlelake withdrew from the bid battle. Apollo said it does not intend to cut jobs in the first 12 months after the takeover.
Oil prices fell to a three-week low as US officials announced progress in talks with Iran on reopening the Strait of Hormuz waterway. Brent crude dropped nearly 5% to under $80 a barrel, with US West Texas Intermediate also falling more than 5% to $76, both reaching their lowest levels since 13 July.
Alphabet's share price fell nearly 7% and Tesla's dropped 14.5% after both reported negative free cash flow and pledged billions more in AI spending. Alphabet expects to spend up to $205bn this year on AI and infrastructure, while investors question when financial benefits will materialize.
Ryanair's pre-tax profits dropped 34% to €593m between April and June as war in the Middle East sent jet fuel prices soaring and customers became reluctant to book flights. The airline was forced to cut fares to stimulate demand and expects summer fares to be slightly lower than last year due to consumer hesitancy around air travel.
Ryanair's pre-tax profits dropped 34% to €593m between April and June as war in the Middle East sent jet fuel prices soaring and passengers became reluctant to book flights, forcing the airline to cut fares to stimulate demand.
Alan and Katie Donegan achieved early retirement at 40 and 35 respectively by adopting strict saving habits—packing lunches daily, avoiding heating, and charging their phones outside—which they say made them £40,000 better off over 10 years, before investing their savings into a target of £1m and quitting work as part of the growing FIRE movement (Financially Independent, Retire Early).
British American Tobacco is cutting 5,500 jobs and outsourcing 3,500 more as part of a cost-cutting drive, expected to save £600m annually by 2028. The cuts exclude the US and reflect the company's shift toward smoking alternatives as traditional cigarette sales decline.
Apple and Microsoft have raised prices on devices and consoles years old, blaming increased demand for chips from AI data centres. Apple raised tablet and laptop prices by nearly 20%, while Microsoft is raising Xbox Series S and X console prices by at least $100 from August, marking its third increase in just over a year.
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.