Profits at Adidas slump 93% as it reports more than half of its business still at a standstill By Daily Mail City & Finance Reporter Published: 22:17 BST, 27 April 2020 | Updated: 22:17 BST, 27 April 2020 Profits at Adidas slumped 93 per cent as it reported that more than half of its business … Read more
The slump in demand for electricity has been worse than previously thought and could knock British Gas owner Centrica hard, according to analysts at Jefferies. The utility giant was among the biggest fallers on the FTSE 100 after the US investment bank downgraded its stock from ‘buy’ to ‘hold’, slashed earnings forecasts by a third … Read more
London’s major mining companies led the FTSE 100 lower after a warning from BHP struck a nerve. The Anglo-Australian miner said global steel production – excluding China – could drop sharply this year due to the pandemic. Although it didn’t offer a specific figure, BHP said it could fall by double digits in percentage terms. … Read more
The great oil price crash: Brent crude benchmark hits 21-year low in wake of drastic US slump By Hugo Duncan for the Daily Mail Published: 23:11 BST, 21 April 2020 | Updated: 23:15 BST, 21 April 2020 The oil price in London crashed to a 21-year low just hours after US crude tumbled into negative … Read more
UK economy losing £2bn every day in deepest slump since Great Depression By Hugo Duncan And Ruth Sunderland For The Daily Mail Published: 22:29 BST, 16 April 2020 | Updated: 22:29 BST, 16 April 2020 The coronavirus lockdown has already wiped £50 billion off the economy as the UK plunges into the deepest slump since … Read more
Some of America’s largest banks set aside £20bn to cover cost of loans turning sour in coronavirus slump By Daily Mail City & Finance Reporter Published: 22:06 BST, 15 April 2020 | Updated: 22:36 BST, 15 April 2020 Some of America’s largest banks have set aside £20 billion to cover the cost of loans turning … Read more
The £7 trillion cost of the Great Lockdown: IMF warns slump will be worst since the Great Depression of the 1930s By Ruth Sunderland Business Editor For The Daily Mail Published: 22:45 BST, 14 April 2020 | Updated: 23:07 BST, 14 April 2020 The economic slump from the deadly coronavirus will be the worst since … Read more
Jaguar Land Rover puts brakes on as car sales slump 30% since start of the year as lockdown bites JLR suffered slumps in both Europe and China, sources said It is also understood to have suffered a fall in demand for diesel cars JLR had been due to reopen its UK assembly plants later this … Read more
IMF warns Covid 19 pandemic will lead to the worst slump since the Great Depression as 17m Americans lose their jobs in just 3 weeks By James Salmon for the Daily Mail Published: 21:51 BST, 9 April 2020 | Updated: 22:00 BST, 9 April 2020 The Covid 19 pandemic is a ‘crisis like no other’ … Read more
Global trade heading for ‘ugly’ slump even more severe than during financial crisis as world crashes into recession By Lucy White For The Daily Mail Published: 21:55 BST, 8 April 2020 | Updated: 22:17 BST, 8 April 2020 Global trade is heading for an ‘ugly’ slump even more severe than during the financial crisis as … Read more