Tag Archives: amid

US stocks open flat amid investor caution

The broad-based S&P 500 was down less than 0.1 per cent at 2,730.36 while the tech-rich Nasdaq Composite Index lost a hair to 7,254.87. NEW YORK: Wall Street stocks were flat in early trading Friday, threatening a five-day winning streak in a sign investors remain somewhat cautious after the volatility in equities this month. About 15 minutes into trading, the Dow Jones Industrial Average ... Read More »

Economy on revival mode amid sprouts of green shoots in many sectors; all eyes on FY18 GDP estimates on Friday

How do you spot an economic revival? The earliest signs are visible on the highways. Are there more lorries on expressways ferrying goods across states? Latest data show truck sales grew at a robust pace in December, a sign that transport companies are buying more vehicles to rapidly move goods to meet growing consumer demand. Sample this. Homegrown auto major ... Read More »

Market Week Ahead: 10 factors to keep investors busy amid July F&O expiry

The market closed flat with a positive bias in the passing week as the rally in Reliance Industries (post solid Q1 earnings, bonus issue of 1:1 and new Jio strategy) and technology stocks (after Wipro’s buyback worth Rs 11,000 crore) offset the initial fall due to ITC that cracked 13 percent on a hike in cigarette cess. Strong progress in ... Read More »

Jamie Oliver to shut six Jamie’s Italian restaurants amid ‘tough trading’ after Brexit

Jamie Oliver has announced he is to close six of his Italian restaurants, blaming tough trading amid rising Brexit cost pressures. The celebrity chef’s company said outlets in Aberdeen, Cheltenham, Exeter, Richmond, Tunbridge Wells and Ludgate Hill, London, will close by the end of March. Simon Blagden, chief executive of Jamie Oliver Restaurant Group, said: “As every restaurant owner knows, this is a tough ... Read More »

Exclusive: Supermarket watchdog faces review amid fears it is failing farmers

The remit of the supermarket ombudsman is set to be reviewed by the Government, following criticisms that it does not have the power to protect farmers from unfair trading practices. The Groceries Code Adjudicator was set up three years ago to help suppliers  squeezed on their profits and terms by powerful supermarkets. Christine Tacon is the first adjudicator, but her ... Read More »