Upstream Share Discussion Threads

[master rsi] 11/11/2024 16:09

UPS

SBTX 14.625p ( 14.25 v 15p )

First day with no fall after retracement and Buys are well ahead of sales, real prices are 14.41 v 14.75p. The Indicators are at oversold after the 61.8% Fibonacci retrace.
----------------- Intraday ------------------------------------------ 2 months ------------------------------- 1 year -------------------
INDICATORS


Big charts ... [...]

[master rsi] 11/11/2024 15:50

GOLD is plummeting to $2,626
-$68 and Silver also lower, but Copper only slightly down

Intraday ---- Gold -------------- Silver ---------------- Copper -----


1 month ----- Gold ---------------- Silver --------------- Copper -----

[master rsi] 11/11/2024 15:28

ALTN 246p (38.50p / 18.55%%) / AltynGold shares climb as gold prices and production rise

(Alliance News) - AltynGold PLC on Monday saw its shares jump as it reported strong third-quarter revenue following increased gold production.

The London-based exploration and development company with assets in Kazakhstan revealed its revenue grew 40% to USD25.1 million from USD17.9 million year-on-year, with the average gold price achieved sitting above USD2,300 per ounce for the period, adding that the price currently sits above USD2,700 per ounce.

Ore mined throughout its third-quarter rose 11% to 206,199 tonnes from 186,120 the year prior, with contained gold up 12% to 12,347 ounces from 10,986 ounces.

Year-to-date, Altyn revealed equally strong figures, with revenue up 39% to USD63.7 million from USD45.7 million the prior year.

It said the average gold grade mined to-date in 2024 was 2.30 grams a tonne, improving from 2.13 grams a tonne the prior year, with this reflecting the use of higher-grade ore from the ore stockpiles.

Altyn said production for the period remained inline with the firm's existing production plan.

It added that the extensive testing as part of its ongoing processing plant upgrade is currently going to plan, with the increased capacity expected to go live within a month.

[master rsi] 11/11/2024 15:14

Various Eateries expects to post full-year revenue ahead of guidance

(Alliance News) - Various Eateries PLC on Monday said it estimates revenue to have grown nearly 10% during its most recent financial year, which comes in ahead of market expectations.

The London-based operator of UK restaurants under the Coppa Club, Tavolino and Noci brands said it expects to report group revenue for the financial year that ended September 29 "slightly ahead" of market expectations at GBP50.5 million, which would represent a 9.9% increase from GBP45.5 million last year.

It also expects to report adjusted earnings before interest, tax, depreciation and amortisation ahead of expectations, as a result of "efficiency improvements coupled with further softening of inflationary pressures".

Various Eateries cited a company-compiled market consensus of GBP47.8 million in revenue for the full year, and nothing in adjusted Ebitda. This compared to an adjusted Ebitda loss of GBP2.2 million pre-IFRS 16 a year prior.

The group reported like-for-like sales growth of 1% in the second half compared to the year before, and said the final quarter of the year saw a 4% rise in like-for-like sales "despite above-average rainfall".

[master rsi] 11/11/2024 14:52

DOW

Opening 394 points higher

[master rsi] 11/11/2024 13:47

Evotec surges as Triton said to consider takeover

(Sharecast News) - Evotec surged on Monday as it emerged that private equity firm Triton Partners is considering a takeover bid for the German drug development company after taking a near-10% stake.

Bloomberg cited people familiar with the matter as saying that Triton is considering a takeover bid for Evotec.

Sources told Bloomberg that Triton has been seeking to meet with top Evotec executives as it explores a potential buyout. The report came as a regulatory filing showed that Triton lifted its stake in Evotec last week to 9.99%.

Bloomberg said that Triton would need foreign investment approval if it wants to boost its holding to 10% or more.

Any significant move would also need support from Evotec's other major shareholders Novo Holdings - the parent company of drugmaker Novo Nordisk - and Abu Dhabi sovereign fund Mubadala Investment Co.

It was understood that deliberations are ongoing and Triton could decide against proceeding with any formal offer.

Evotec develops drug discovery programs with biotech and pharmaceutical companies in areas including cardiovascular disease, oncology and immunology.

[master rsi] 11/11/2024 13:25

Seeing Machines reports strong growth in vehicles using its technology

(Alliance News) - Seeing Machines Ltd on Monday said vehicles on the road and production of cars equipped with its technology grew in the first quarter, despite "challenges" in the global automotive sector.

The Canberra-based company designs AI-powered operator monitoring systems to enhance transport safety. It said the total number of vehicles on the road using its technology rose to 2.6 million by the quarter ending September 30, doubling from 1.3 million a year earlier.

In the first quarter, automotive production incorporating Seeing Machines' technology reached 405,669 units, up 6.4% from the previous quarter's 381,215 units and an 83% increase from 222,138 units a year ago.

Annual recurring revenue for the quarter rose 13% to GBP13.6 million from GBP12.0 million a year prior.

Chief Executive Officer Paul McGlone said: "We continue to see our automotive programs progress successfully to production despite the ongoing and widely documented challenges across the global automotive sector. I am confident growth will continue as regulations and automated driving features continue to drive demand for driver and occupant monitoring system technology."

Seeing Machines shares were down 0.9% at 3.46 pence each in London on Monday at midday.

[master rsi] 11/11/2024 13:02

MARKET REPORT
LONDON MARKET MIDDAY: NatWest rises as buys back government shares

(Alliance News) - Stock prices in London were higher midday on Monday as concerns about the impact of Donald Trump's tariff policies receded.

"The FTSE 100 broke its losing streak to trade higher on Monday with healthcare and financial stocks doing much of the heavy lifting. There was wider optimism across Europe as stocks recovered from a rocky week," said AJ Bell's Russ Mould.

Hargreaves Lansdown's Susannah Streeter commented: "London's blue-chip index, the FTSE 100, has begun the week on the front foot, rising in early trade, as concerns over the impact of Trump's trade policies on multinational companies recedes a little."

The FTSE 100 index was up 64.00 points, 0.8%, at 8,136.39. The FTSE 250 was up 220.59 points, 1.1%, at 20,738.51, and the AIM All-Share was up 4.64 points, 0.6%, at 739.00.

The Cboe UK 100 was up 0.9% at 816.98, the Cboe UK 250 was up 1.3% at 18,196.76, and the Cboe Small Companies was down 0.1% at 18,196.76.

Croda International was up 4.7%, leading the FTSE 100.

The speciality chemicals firm said third quarter sales rose 5% to GBP407 million from GBP387 million a year ago. It is keeping its full-year outlook unchanged, eyeing an adjusted pretax profit of between GBP260 million and GBP280 million at constant exchange rates.

NatWest was up 2.9%.

The bank has repurchased GBP1 billion worth of its shares from HM Treasury, as the UK government continues to sell down its stake. The deal was for 262.6 million shares, a 3.2% stake, at 380.8 pence each, the stock's closing price on Friday.

On the FTSE 250, Direct Line was down 0.1%.

The insurer said it will be cutting 550 jobs as it reported a 35% decline in gross written premiums and associated fees to GBP835.9 million from GBP1.28 billion the previous year. On-quarter this figure was down by 40% from GBP1.40 billion.

Ceres Power led the index, up 7.8%.

The clean energy technology developer was raised by broker Jefferies to 'buy' from 'hold'. Jefferies also increased the price target to 265p from 190p.

On AIM, Cavendish Financial was up 3.7%.

The investment bank's revenue jumped 42% to GBP27.7 million in the six months to September 30, from GBP19.5 million a year ago. The company swung to an interim pretax profit of GBP52,000 from a loss of GBP2.4 million.

Cavendish also declared an interim dividend of 0.3 pence per share compared to none a year prior.

In European equities on Monday , the CAC 40 in Paris was up 1.1%, while the DAX 40 in Frankfurt was up 1.3%.

The pound was quoted lower at USD1.2887 at midday on Monday in London, compared to USD1.2926 at the equities close on Friday. The euro stood lower at USD1.0662, against USD1.0731. Against the yen, the dollar was trading higher at JPY153.75 compared to JPY152.62.

Stocks in New York were called higher. The Dow Jones Industrial Average was called up 0.4%, the S&P 500 index up 0.3%, and the Nasdaq Composite up 0.3%.

"Wall Street has been deep in optimism, amid expected tax cuts and lighter regulation from a Trump Presidency, helped by the Fed's interest rate cut," Streeter said.

Brent oil was quoted lower at USD72.63 a barrel at midday in London on Monday from USD73.58 late Friday.

"While oil traders play a waiting game when it comes to Trump's policies towards the Middle East and Ukraine, geo-political tensions are still high. However, supply concerns are being offset by worries about weaker demand for energy in China's economy, given the latest stimulus package didn't go as far as expected in offering tax incentives to businesses and consumers. This disappointment has weighed on oil prices," Streeter said.

Gold was quoted lower at USD2,666.17 an ounce against USD2,685.63.

On Monday's economic calendar, US bond markets are closed for Veterans Day.

[master rsi] 11/11/2024 12:45

How the UPS are performing during last month

[master rsi] 11/11/2024 12:28

How the UPS are performing today

[master rsi] 11/11/2024 12:03

Team Internet Group shares slide following minimal growth

(Alliance News) - Team Internet Group PLC on Monday saw it shares slide 15% as it reported a reduction in profit amid broadly flat year-to-date revenue.

In the first nine months of the year the London-based internet services company realised a 0.6% increase in revenue to USD615.1 million from USD611.7 million the prior year.

By contrast, pretax profit for the firm fell 8.5% to USD18.3 million from the restated USD20.0 million the prior year.

Its shares fell 15% to 101.45 pence on Monday morning in London.

The firm said that its core businesses remain strong with its established operations continuing to provide a solid foundation for growth and cash generation.

It added that it remains on track to produce "record profits in 2024 and 2025" but at more moderate growth rates than previously anticipated.

It now expects to report full-year adjusted earnings before interest, tax, depreciation and amortisation of approximately USD97 million, remaining broadly flat with the prior year of USD96.4 million.

Year-to-date, adjusted Ebitda increased slightly by 1.9% to USD70.1 million from USD68.8 million the previous year.

Team Internet Chief Executive Michael Riedl: "Team Internet has delivered a resilient performance in our core businesses within a dynamic market environment and the group is poised to maintain record levels of profitability.

"Our focus is now more than ever on realising synergies through strategic integration, enhancing value across the sum of the parts of our established assets and accelerating shareholder returns.

[master rsi] 11/11/2024 10:32

NatWest buys back GBP1 billion in shares from UK government

NatWest Group PLC - Edinburgh, Scotland-based bank - NatWest buys back GBP1 billion worth of its shares from HM Treasury, as the UK government continues to sell down its stake in the lender. NatWest buys 262.6 million shares, a 3.2% stake, at 380.8 pence each, the stock's closing price on Friday in London. The government now has a 12% stake in NatWest, having owned 84% following a taxpayer bailout of what was then Royal Bank of Scotland Group during the financial crisis of 2008 and 2009. As recently as 2018, HM Treasury held a 62% stake in NatWest, but it has been selling this down progressively since. NatWest said it will cancel all the repurchased shares. It continues to target a CET1 ratio of 13% to 14%.

"This transaction represents another important milestone on the path to full privatisation," says NatWest Chief Executive Officer Paul Thwaite. "We believe it is a positive use of capital for the bank and for our shareholders and we are pleased with the sustained momentum in reducing HM Treasury's stake in NatWest Group throughout this year."

Current stock price: 387.80p, up 1.8% early Monday in London

[master rsi] 11/11/2024 10:08

LONDON BROKER RATINGS: Deutsche Bank says 'buy' Trustpilot
FTSE 100

Deutsche Bank Research cuts Vistry price target to 1,100 (1,180) pence - 'buy'

----------

Berenberg cuts Vistry price target to 750 (1,000) pence - 'hold'

----------

RBC cuts Vistry price target to 825 (1,000) pence - 'sector perform'

----------

Deutsche Bank Research cuts Lloyds price target to 80 (83) pence - 'buy'

----------

UBS cuts Taylor Wimpey price target to 182 (185) pence - 'buy'

----------

UBS raises BT price target to 115 (110) pence - 'sell'

----------

RBC raises Marks & Spencer price target to 450 (400) pence - 'outperform'

----------

RBC cuts Hiscox price target to 1,150 (1,225) pence - 'sector perform'

----------

Goldman Sachs raises Beazley price target to 885 (884) pence - 'buy'

----------

JPMorgan raises International Consolidated Airlines price target to 3.40 (2.90) EUR - 'overweight'

----------

Jefferies cuts Howden Joinery group price target to 1,020 (1,090) pence - 'buy'

----------

Jefferies cuts Auto Trader price target to 885 (935) pence - 'buy'

----------

Barclays cuts Mondi to 'underweight' (equal weight) - price target 1,150 (1,275) pence

----------

Barclays raises DS Smith to 'equal weight' (underweight) - price target 580 (435) pence

----------

FTSE 250

HSBC starts Renishaw with 'hold' - price target 3,350 pence

----------

Deutsche Bank Research starts Trustpilot with 'buy' - price target 331 pence

----------

Barclays raises RS price target to 925 (875) pence - 'overweight'

----------

Barclays raises Qinetiq price target to 530 (525) pence - 'overweight'

----------

Deutsche Bank Research cuts Serco target to 185 (205) pence - 'hold'

----------

RBC cuts Direct Line Insurance price target to 190 (200) pence - 'sector perform'

----------

UBS raises Wizz Air price target to 2,215 (2,210) pence - 'buy'

----------

SMALL CAP

Jefferies raises Ceres Power to 'buy' (hold) - price target 265 (190) pence

----------

UBS raises Ryanair to 'buy' (neutral) - price target 23.15 (17.25) EUR

----------

Deutsche Bank Research raises Nichols target to 1,230 (1,100) pence - 'hold'

----------

UBS raises CRH price target to 8,940 (7,850) EUR - 'buy'

----------

RBC cuts Asos price target to 400 (460) pence - 'sector perform'

----------

Jefferies cuts ITM power price target to 60 (80) pence - 'buy'

[master rsi] 11/11/2024 09:36

MARKET REPORT
LONDON MARKET OPEN: Stocks rise as UK Trump tariff threat lessens

(Alliance News) - Stock prices in London were higher on Monday morning, despite disappointing inflation news from China.

Swissquote's Ipek Ozkardeskaya said that "the picture remains bullish for the US equities" following Trump's re-election but "Elsewhere, worries mount: FTSE 100 and the European Stoxx 600 index both closed last week below the 200-DMA on worries about a heated international trade environment and the Chinese leg of the story is much less dreamy, too.

China announced that it will deploy CNY10 trillion to refinance local government debt, as expected by investors. Alas, the announcement failed to revive optimism as many were hoping to see bigger measures deployed in response to Trump's presidency – who is now expected to increase tariffs on Chinese goods to 60%."

In further disappointing news from China the consumer price index, a key measure of inflation, rose 0.3% year-on-year in October. This was down from 0.4% in September, and below the 0.4% forecast in a Bloomberg survey of economists.

Producer prices also slid 2.9% year-on-year in October, compared to a decrease of 2.8% in September, extending a deflationary run that began in late 2022.

Back in the US, Trump has reportedly spoken with German Chancellor Olaf Scholz, Israeli Prime Minister Benjamin Netenyahu and Russian President Vladimir Putin.

He has also named former acting Immigration & Customs Enforcement director as the administration's so-called "border tsar", and is pressuring Senate leader candidates to change the rules and empower him to appoint new cabinet members without a confirmation vote.

"Expectations are high that the new administration will equate to less regulation, lower taxes and a spending spree which could sprawl across much of the economy, including the consumer who is a vital cog in the economic engine of growth," remarked interactive investor's Richard Hunter. "That valuations are becoming stretched and that some of the measures could be inflationary as well as adding to the ballooning deficit are all apparently concerns for further down the line."

The FTSE 100 index opened up 60.60 points, 0.8%, at 8,132.99. The FTSE 250 was up 202.76 points, 1.0%, at 20,720.68, and the AIM All-Share was up 2.53 points, 0.3%, at 736.89.

The Cboe UK 100 was up 0.9% at 817.21, the Cboe UK 250 was up 1.2% at 18,177.30, and the Cboe Small Companies was up 0.1% at 16,262.43.

"The reported possibility that the UK could escape the most punishing tariffs from the new US regime enabled a sprightly start to the week," commented Hunter. "The main indices had been hamstrung by tariff concerns following the election result, especially given the perceived nature of the America first mentality to the detriment of economies elsewhere, in addition to inflationary concerns which had been sparked by the announced measures in a recent radical Budget."

Croda International was leading the FTSE 100, up 4.9%.

The company said its third quarter sales have risen on-year to GBP407 million from GBP387 million, reflecting ongoing momentum in its Fragrances & Flavours business.

It left its outlook unchanged, still eyeing an adjusted pretax profit of between GBP260 million and GBP280 million for 2024.

The index's miners had mixed reactions to the latest China news, with Rio Tinto leading the laggers on a 0.6% loss and Glencore down 0.2% while Fresnillo was up 1.8%.

On the FTSE 250, Kainos led with a 5.9% increase.

Its revenue was down 5% on-year at GBP183.1 million but pretax profit rose 11% to GBP34.2 million, and Kainos raised its interim dividend 13% to 9.3 pence per share.

Among smaller caps, Aquis Exchange shares more than doubled after it agreed to a 727p per share cash takeover offer from Switzerland's Six Group.

The offer has support from holders of 51% of Aquis shares and gives it an enterprise value of GBP194 million.

In European equities on Monday, the CAC 40 in Paris was up 1.3%, while the DAX 40 in Frankfurt was up 1.3%.

The pound was quoted at USD1.2899 early on Monday in London, lower compared to USD1.2926 at the equities close on Friday. The euro stood at USD1.0687, lower against USD1.0731. Against the yen, the dollar was trading higher at JPY153.76 compared to JPY152.62.

"The Trump tariff threat on European imports has become one of the major drivers here as well, combined with the troubled French finances and the chatter of early election in Germany," Ozkardeskaya. "A further retreat is on the cards, unless we see a surprise easing in US inflation."

In Asia on Monday, the Nikkei 225 index in Tokyo was up 0.1%. In China, the Shanghai Composite was up 0.5%, while the Hang Seng index in Hong Kong was down 1.6%. The S&P/ASX 200 in Sydney closed down 0.4%.

In the US on Friday, Wall Street ended higher, with the Dow Jones Industrial Average up 0.6%, the S&P 500 up 0.4% and the Nasdaq Composite up 0.1%.

Brent oil was quoted higher at USD73.85 a barrel early in London on Monday from USD73.58 late Friday.

"The barrel of US crude is back testing the USD70pb support to the downside, having erased past week gains that were supported by geopolitical worries and hints that OPEC would delay the end of its production restrictions by at least a month," Ozkardeskaya said.

Gold was quoted lower at USD2,670.21 an ounce against USD2,685.63.

Still to come on Monday's economic calendar, US bond markets are closed for Veterans Day and Ireland is set to release industrial production and construction PMI data.

[master rsi] 11/11/2024 09:18

Crude prices stable

Oil prices steadied Monday (NASDAQ:MNDY) as traders digested the latest stimulus plan from top importer China as well as the easing of any supply disruptions from Hurricane Rafael.

By 03:10 ET, the Brent contract gained 0.2% to $74.04 per barrel, while U.S. crude futures (WTI) traded 0.1% higher at $70.44 per barrel.

Prices weakened on Friday after Beijing approved about 10 trillion yuan ($1.4 trillion) in measures aimed at lowering government debt levels. But a lack of targeted measures for private consumption largely left investors wanting more, especially as data over the weekend showed persistent Chinese deflation.

In the U.S., fears of immediate disruptions in production eased as Hurricane Rafael weakened into a tropical storm as it made landfall in Cuba.

[master rsi] 11/11/2024 08:51

European stocks continue positive tone; Continental soarsoar
Investing.com - European stock markets started the new week on a positive note, with sentiment helped by record highs on Wall Street as well as a rate cut from the Federal Reserve.

At 03:10 ET (08:10 GMT), the DAX index in Germany traded 1.1% higher, the CAC 40 in France rose 0.9% and the FTSE 100 in the U.K. climbed 0.8%.

Political uncertainty
The reelection of Donald Trump as US president will dominate the thought process of markets, as investors assess the global implications of his return to power, particularly given the potential inflationary impact of some of his proposed policies.

The main US indices recorded another round of records on Friday, as the Dow Jones Industrial Average and S&P 500 wrapped up their best week in a year after Trump’s election win.

This week sees the release of the latest US consumer prices, and these are expected to reinforce the likelihood of further rate cuts by the Federal Reserve after last week’s 25 bps reduction.

However, Trump’s return to the White House could complicate this thought process.

Back in Europe, the collapse in Germany's ruling coalition has resulted in political uncertainty in Europe's biggest economy just as it skirts recession and with the potential of higher tariffs under Trump’s administration.

Chancellor Olaf Scholz's decision to fire his finance minister, from coalition partner the Free Democrats, points to a vote of no confidence in January and possible snap elections in March.

Continental Q3 profit soars
Back in Europe, Continental (ETR:CONG) stock soared over 7% after the German automotive supplier posted third-quarter core profit above expectations, even as it cut its sales guidance for the second time this year, with the German automotive supplier blaming weak demand from industry in Europe and North America.

[master rsi] 11/11/2024 08:22

FTSE

A very good start for a change
On the up with 61 points

[apotheki] 11/11/2024 08:14

Hemogenyx Pharmaceuticals plc (LSE:HEMO)

Institutional Investment of £600,000
Hemogenyx Pharmaceuticals Secures £0.6m for Phase I Clinical Trials

Hemogenyx Pharmaceuticals plc (LSE:HEMO), the biopharmaceutical group focused on developing new therapies for blood diseases, is pleased to announce that it was approached by an institutional investor and that this investor has subscribed £600,000, for the issue of 60,000,000 new Ordinary Shares at 1p per share.
The net proceeds of this subscription will be dedicated to the imminent commencement of the Phase I clinical trials for the Company's Chimeric Antigen Receptor T-cell therapy ("HEMO-CAR-T" or "HG-CT-1"), aimed at treating acute myeloid leukemia ("AML").
The Company will keep the Market informed of future developments as trials commence and develop.
An application is being made to the Main Market of the London Stock Exchange Main Market, and admission of the Subscription Shares to trading is expected on or around 15 November 2024 ("Admission"). The Subscription Shares will rank pari passu with the Company's existing Ordinary Shares.

Dr Vladislav Sandler, CEO & Co-Founder of Hemogenyx Pharmaceuticals, commented: "We are greatly encouraged by the confidence shown by our new institutional investor and are grateful for their support in advancing our mission to bring innovative treatments to patients with acute myeloid leukemia. This investment enables us to take a significant step forward with our HEMO-CAR-T program, moving into clinical trials and bringing us closer to providing a new therapeutic option for patients facing this aggressive disease."

[master rsi] 10/11/2024 23:49

No date for increasing UK defence spending to 2.5% of GDP — minister

(Alliance News) - A Treasury minister has declined to say when the UK will spend 2.5% of its GDP on defence, as he also warned the pledge could come with public sector trade-offs.

Darren Jones refused to say on Sunday whether the government will hit its target before the end of the current Parliament, due in 2029.

Conservative shadow foreign secretary Priti Patel said it is "imperative that this government starts signalling now" a pathway to meet the spending commitment.

Labour promised in its 2024 manifesto to "set out the path to spending 2.5% of GDP on defence" and Chancellor Rachel Reeves vowed in October's budget to do so "at a future fiscal event".

She also announced a total increase to the Ministry of Defence's budget of GBP2.9 billion next year so the UK "comfortably exceeds our Nato commitments", and pledged military support to Ukraine of GBP3 billion per year "for as long as it takes" for Kyiv to repel Russian forces.

But the government "didn't set a date in the manifesto for two reasons", Chief Secretary to the Treasury Jones told the BBC's Sunday With Laura Kuenssberg programme.

He said: "The first is that we needed to conduct a strategic defence review, which is happening at the moment and we'll report in the spring.

"The second is because, of course as with all spending decisions, it has to be subject to wider fiscal considerations.

"In terms of where we are now – we're spending 2.3% as a country, the size of the GDP on defence, there was a boost of about GBP3 billion from the chancellor in the budget last week, and John Healey the defence secretary and the reviewers will be reporting with their strategic defence review in the spring."

Pressed on whether his government will hit the target before 2029, Jones replied: "I'm not going to give you a date today because it relies on the outcome of the strategic defence review which will decide what the spending priorities are."

[master rsi] 10/11/2024 22:14

UK approves multibillion-pound fighter jet with Italy, Japan

(Alliance News) - The UK has green-lit a plan to build a new multibillion-pound fighter jet with Italy and Japan, the Financial Times reported Friday.

Ministers approved of the Global Combat Air Programme at a meeting on Tuesday, according to several people familiar with the decision, the FT said.

A formal announcement is anticipated in the coming weeks.

GCAP merges Japan's F-X programme with the UK and Italy's Tempest project, with the aim to deliver a supersonic jet by 2035.

London-based BAE Systems PLC and Rolls-Royce Holdings PLC work alongside Rome-based Leonardo Spa and Tokyo-based Mitsubishi Heavy Industries Ltd on the programme.

[master rsi] 10/11/2024 21:38

BITCOIN/ BTC

A large rise today rising to $81k at one time, now $79,326 +$2549

[master rsi] 10/11/2024 21:16

SUNDAY PAPERS:

Share tips, comment and bids

The Sunday Times (Comment): Rolls-Royce v BA: the debacle that grounded hundreds of flights.

The Observer (Comment): ‘Tariff man’ Trump puts Britain in firing line of new global trade war.

Mail on Sunday (Comment): Will Trump's burgeoning bromance with Elon Musk spark Bitcoin boom?

The Sunday Telegraph (Comment): Trump is in danger of falling into the Truss trap.

The Sunday Times (Comment): Lavazza boss: Why the price of coffee could double.

The Sunday Times (Comment): How Rachel Reeves can unlock billions from pension funds.

The Sunday Times (Comment): ‘A risk-on unleashing of animal spirits’: How Wall Street fell for Trump.

[master rsi] 10/11/2024 20:39

SUNDAY PAPERS:

Business and economics

The Sunday Telegraph: ‘Egregiously large’ tax bills are to blame for the death of the high street, James Daunt, the managing director of Waterstones, has said.

The Observer: Tesla’s market value breached the $1tn mark in a sharp rally on Friday, on growing bets of a favorable treatment for CEO Elon Musk’s companies in return for his support for President-elect Donald Trump in his poll campaign.

Mail on Sunday: Smith & Nephew is facing calls to break the company up as investors grow frustrated with its turnaround plan.

The Sunday Times: KPMG has promoted employees to its top ranks for the first time in four years in a bet that demands for its professional services will grow after fighting a sector-wide slowdown.

The Sunday Times: The US president-elect Donald Trump has vowed to slap blanket tariffs on imports - which could be bad news for the likes of Jaguar Land Rover and Aston Martin.

Mail on Sunday: AstraZeneca is in a tricky spot as it prepares to report its quarterly results on Tuesday.

The Sunday Telegraph: Robert Kilgour, one of Britain’s leading care home operators, is preparing to sue the Government over Rachel Reeves’s National Insurance tax raid.

[master rsi] 10/11/2024 19:59

SUNDAY PAPERS:

Top stories

The Sunday Times: Tesco is facing a £1bn increase in its national insurance bill this parliament as 200 business leaders call on Rachel Reeves to water down the tax increase.

The Sunday Telegraph: Rebel farmers are threatening to target ports and disrupt supermarket supply chains in protest against Labour tax rises.