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SoftBank tumbles into losses in wake of ‘WeWork problem’

Last month, SoftBank announced a bailout for WeWork.

Capital.com News
CBOE Low 50: trading the ups and downs of Brexit

Britain’s Brexit election is under way, and the Chicago Board Options Exchange has put together a stock index designed to let traders take positions on Britain’s withdrawal from the European Union. Because the companies listed have low dependence on British revenues, their shares do well the “harder” Brexit looks likely to be.

Dan Atkinson
London markets mixed as Brexit election campaign starts

Share prices rose this morning but sterling was weaker as the political parties prepared to battle it out ahead of the December 12 general election. Today will see a new Speaker of the House of Commons elected in what will be the last significant act of the current Parliament.

Dan Atkinson
UK economy predicted to slow more than expected next year

A new report from the EY ITEM Club believes previous predictions of GDP growing by 1.5% were too optimistic, with 1% now more likely.

Capital.com News
Santander pays £350m for majority stake in fintech firm Ebury

The Spanish banking group has purchased the 50.1% stake in Ebury as part of its digital-focused expansion plan.

Capital.com News
McDonald’s CEO steps down after relationship with employee

The board of directors named Chris Kempczinski, who recently served as president of McDonald’s USA, as its new president and CEO.

Capital.com News


Ryanair holds firm on job cuts as grounded aircraft delays worsen

Th airline said it expects to receive the first batch of currently-grounded Boeing 737 Max planes in March 2020, two months later than last forecast.

Capital.com News
MPs criticise Whirlpool’s approach to customer safety

The firm’s response to handling safety flaws with its tumble dryers ‘owed more to PR management’ than customer safety, the BEIS Committee concluded.

Capital.com News
Oil and gas firms ‘must cut production by 35% by 2040 to tackle climate change’

Carbon Tracker warned that global reserves significantly exceed the amount that can be burned to stay within the limits of the Paris Agreement.

Capital.com News
Tesco to remove one billion pieces of plastic from products by the end of 2020

The supermarket will end its use of plastic bags for loose fruit and vegetables and remove plastic trays from ready meals, among other cuts.

Capital.com News
Vodafone highlights green credentials with Fairphone partnership

The telecoms giant will start selling the ethically produced Fairphone 3 by the end of 2019.

Capital.com News
Euro on the slide on trade and growth fears

Europe’s single currency is drifting lower against the dollar, the yen and even Brexit-blighted sterling. Traders have marked down the euro, fearing recession in the continent and the impact of US-China trade wars.

Dan Atkinson
Crude prices slide as US hails rising output

Oil prices have continued their year-long slide, weighed down by recession fears and ever-increasing supplies from the US. Rick Perry, America’s Energy Secretary, has hailed a new era of US independence in terms of power sources.

Dan Atkinson
Apple reports record fourth-quarter revenue

The figures come despite a further fall in iPhone sales.

Capital.com News
Lloyds boss ‘disappointed’ after giant PPI bill

The bank has been forced to pay more than £26bn to customers since the PPI scandal started in 2011.

Capital.com News