Page 14 - Big Caps News Today

Tesla boss Elon Musks UK trips fuel speculation over potential factories The government has also been calling for regional authorities to submit potential locations for a factory for an unnamed company Could SpaceX start using Luton airport? Speculation that Tesla Inc (NASDAQ:TSLA) is planning to open a factory in the UK has increased after reports that Elon Musk flew his private jet to the country in the past week. Musk, who is chief executive of the electric car manufacturer as w...

BT looks cheap on earnings metrics, but expensive on cash flow BT Group PLC (LON:BT.A) is looking toppy according to Berenberg, which has downgraded its rating to hold. Shares in the telecoms giant have risen by 75% since the German broker upgraded to buy in August last year. Many of the catalysts that the broker predicted have happened, it said, and going forward the broker sees reasons to be more cautious. Notably, guidance for the next two years is challenging and particularly BTs target of�...

Government has said that it is confident the vaccines are effective against the Indian variant. AstraZeneca PLC’s (LON;AZN) Covid-19 vaccine gives between 85-90% effectiveness after two shots, Public Health England said today after analysing data from those inoculated so far. That puts the Astra/Oxford University candidate almost on par with the Pfizer/BioNTech vaccine, which showed 90% effectiveness compared to unvaccinated people. "This new data highlights the incredible impact that both do...

The case has been joined by thousands of tobacco tenant farmers in Malawi, who allege that both of the companies are liable for negligence and have been unjustly enriched by systemic exploitation. According to Leigh Day, the London law firm representing the Malawian farmers, Imperial and BAT are facilitating “unlawful and dangerous conditions” in which the farmers and their families have been “trafficked from their villages, have to build their own homes, live on a daily small portion of...

Good performance in North America and Latin America has offset weaker numbers in the rest of the world

The plant-based brand is targeting a valuation of US$10bn and would start trading on Thursday

Reusable face masks produced by Adidas and other popular brands fail safety tests, says Which? Airpop, Superdrug, The Big Silk and M&S scored well in the research Popular reusable face masks failed safety tests, according to research conducted by Which?. The consumer organisation found that the best-performing face covering was able to block more than 99% of potentially harmful bacterial particles, filtering just as well as a disposable mask, but the worst product only trapped a third of the pa...

Bitcoin plunges below US$40,000 as Chinese crackdown triggers fresh selloff The digital currency took another hit to its value early on Wednesday after the Peoples Bank of China said financial institutions and payment providers should not accept crypto or provide services related to digital currencies Bitcoin’s value fell below US$40,000 for the first time since early February as a selloff in cryptocurrency markets showed signs of accelerating. In early trading in London on Wednesday, Bitcoin...

Travel confusion remains as EU to lift restrictions on UK travellers but quarantine required upon return The UK is requiring ten days of isolation with two tests for passengers coming from almost all EU countries EU officials agreed on Wednesday to lift the ban on non-essential travel coming from outside the bloc, including from the UK. The Commission is due to release a list of approved countries soon, Reuters reported. Currently, each country makes their own rules, with Portugal, Italy and G...

Prepare for biggest inflation scare since 1980s warns Jefferies Companies Follow Philip on: Broker highlights some potential winners and losers if prices keep on rising A change from a deflationary era to an inflationary one could be forthcoming says teh broker Investors should be prepared for the biggest inflation scare since the 1980s, according to US broker Jefferies, which has looked at which sectors would fare best if the beast really has returned. Chris Wood, Jefferies’ hea...