Business

Forget the cash ISA! I’d buy this FTSE 100 dividend bargain today

Reckitt Benckiser (LSE: RB) used to be one of the FTSE 100’s most sought after companies, but that began to change in 2017. Soon after shares in the consumer goods giant hit their all-time high of 8,100p in June 2017, cracks started to appear in Reckitt’s business model as its $17bn deal to buy Mead […]

Business

What are markets pricing in for the Fed now after Powell’s testimony yesterday?

Odds of a 50 bps rate cut at the end of this month have gone back up from 0% to ~24% now, and that is just shy of the ~27% probability priced in before last Friday’s US jobs report. In essence, all Powell’s testimony did yesterday was reset back expectations to what they were last […]

Business

Marks & Spencer parts ways with clothing boss Jill McDonald

The boss of Marks & Spencer’s struggling clothing business, Jill McDonald, has been ousted less than two years after joining the retailer. Chief executive Steve Rowe, who is trying to revive the fortunes of M&S along with chairman Archie Norman, will take control of the clothing and home business, the company said on Thursday. This […]

Business

Mark Carney positions himself as contender for IMF top job

Mark Carney has positioned himself as a contender to be the next head of the International Monetary Fund after refusing to rule out joining the race to take over from Christine Lagarde. The Bank of England governor has been widely cited as a potential candidate to replace Lagarde as the IMF’s managing director after her […]

Business

Thomas Cook close to unveiling Fosun rescue deal

Thomas Cook Group is in advanced talks about a rescue deal that will see the company effectively broken up and its tour operating arm taken over by the Chinese owner of Club Med. The world’s oldest package holiday company could announce as soon as Friday morning that it is close to reaching an agreement with […]