Among the companies with reports and trading updates today are Entain, ASOS, Just Eat Takeaway, Antofagasta, Workspace Group, and Liontrust Asset Management.  

Is the global EV bubble bursting? As global demand falls by up to 40%

Elon Musk‘s announcement that Tesla will lay off ten percent of its workforce shocked many but it may be inline with figures that suggest the global demand for electronic vehicles is slumping across the world.

In the first quarter of 2024, the two biggest manufacturers of electronic vehicles, Tesla and its Chinese rival BYD reported dramatic sales drops compared against the same time last year.

Bank of England governor hints UK will cut interest rates before US

Andrew Bailey last night hinted that the Bank of England could start cutting interest rates before the US Federal Reserve amid ‘strong evidence’ that inflation is falling.

The comments came as the governor’s Fed counterpart Jerome Powell warned that the US’s battle to tame price rises was ‘likely to take longer than expected’ – in comments that further riled already-volatile markets.

Craft breweries under threat as insolvency figures rise

Craft breweries are under increasing threat as rising costs and lower demand push even more into insolvency.

The total number of business failures in the sector increased from 35 in 2022 to 52 in 2023, according to data from accountancy firm Price Bailey.

Louis Vuitton-owner LVMH hit as luxury falls out of fashion

He is known as ‘the wolf in cashmere’ after turning LVMH into a £333billion luxury goods powerhouse through a string of ruthless acquisitions that helped turbocharge growth.

And now Bernard Arnault – who has made himself the world’s richest man in the process with a fortune of £175billion – is setting the scene for his five children to take over the empire.

The FTSE 100 Index opened at 7820.36

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