European stocks open to close as recession fears continue

LONDON — European stocks were lower Thursday, as global markets see renewed volatility after a brief recovery following last week’s tumultuous trading. The pan-European Stoxx 600 dropped 0.5% by late morning, having recouped more than half of its earlier losses. Banks fell 1.5% while travel and leisure stocks gained 1.1%. In terms of individual share … Read more

European markets open to close, stocks, data, global markets

LONDON — European stocks are expected to open higher on Tuesday, continuing a recovery seen at the start of the week. The U.K.’s FTSE index is seen opening 17 points higher at 7,132, Germany’s DAX 46 points higher at 13,298, France’s CAC 40 up 23 points at 5,928, and Italy’s FTSE MIB 75 points higher at … Read more

Thousands face Heathrow cancellations and easyJet slashes schedule – live updates

Good morning. EasyJet is cutting thousands of flights this summer as it grapples with severe staffing shortages that have caused misery for holidaymakers since Covid restrictions were lifted. Initial estimates suggest that easyJet will have cut more than 4,000 flights in the three months to June and plans to cut more than double the number during … Read more

British tech giant Arm to list in London after sale blocked over national security

Good morning. Britain’s tech sector has been given a welcome boost this morning after it emerged SoftBank is planning to list some of its stake in chip designer Arm in London. The Japanese conglomerate had been preparing an initial public offering in New York after a $40bn (£30bn) sale to Nvidia was blocked on national … Read more

European markets open to close, data, ECB decision

LONDON — European stocks are expected to open lower ahead of the latest interest rate decision from the European Central Bank on Thursday. The U.K.’s FTSE index is seen opening 32 points lower at 7,554, Germany’s DAX down 75 points at 14,360, France’s CAC 40 down 35 points at 6,403, and Italy’s FTSE MIB 156 points … Read more

AA blames RAC’s ‘reckless speculation’ for rising fuel prices

Good morning. The UK’s rail network is set to be effectively shut down for an entire week later this month in the biggest strike for more than 30 years. Nationwide strikes have been announced on June 21, 23 and 25 by the RMT in what it described as the biggest dispute on the network since … Read more

European markets open to close, stocks, data, US inflation

LONDON — European stocks slipped into negative territory on Tuesday amid nervousness over inflation, with the next reading of U.S. inflation due at the end of the week. The pan-European Stoxx 600 dropped 0.5% in early trade, with tech and retail stocks shedding 1.1% to lead losses as almost all sectors and major bourses slid … Read more

Tracking global sentiment as dollar weakens

LONDON — European stocks advanced on Monday as the U.S. dollar weakened, with traders easing expectations of aggressive monetary tightening from the Federal Reserve. The pan-European Stoxx 600 added 0.8% in early trade, with tech stocks climbing 2.5% to lead gains as most sectors and major bourses entered positive territory. Telecoms slid 0.5%. Shares of … Read more

Sunak announces 25pc windfall tax on oil and gas profits

Good morning. The IFS has sounded the alarm over Rishi Sunak’s plans to help British households with their energy bills. Paul Johnson, director of the IFS, said further support for the UK’s poorest households was “very much needed” as energy bills continue to rise. But he said a blanket handout – which could cost around … Read more

Pound slides as surging inflation fuels recession fears

With the cost-of-living crunch in focus, motorists will be looking for ways to keep their fuel costs down. After petrol hit a new record high across the UK, new research by the AA has found that supermarket fuels may be your best bet – but it depends where you live. Across the country yesterday, petrol … Read more