Tory Party conference, relaxing coronavirus travel rules and the future of a supermarket giant
Ian King speaks to a former chancellor as we look to the future following the end of furlough.
Also, the managing director of Manchester Airport tells Ian how the relaxation of COVID travel rules can give a much needed boost to aviation.
We discuss the future of Morrisons, after this weekend’s takeover auction and Ian speaks to three female entrepreneurs forging ahead in the tech industry.
Gold Dips As Inflation Concerns Boost Dollar
Gold prices fell on Monday as U.S. Treasury yields firmed up and the dollar recouped some losses on concerns about rising inflation and a possible slowdown in global growth.
Spot gold dropped 0.6 percent to $1,750.31 per ounce, after having climbed to its highest since Sept. 23 at $1,765.54 earlier in the day. U.S. gold futures were down half a percent at $1,750.25.
European stock markets were subdued amid concerns that regulatory clampdowns and a collapse at Evergrande could hurt an already fragile Chinese economy and drag on global growth.
Worries grew about China’s property sector after troubled property developer China Evergrande’s shares were suspended from trading in Hong Kong following reports that another major developer was planning to buy its property management unit.
Debt-laden Evergrande missed a key interest payment for the second time last week as it struggles to refinance over $300 billion in liabilities.
On the data front, investors look ahead to the release of U.S. jobs data on Friday for fresh clues on the health of the world’s biggest economy. A strong reading may put pressure on the Federal Reserve to act sooner than later.
Peabody Energy Shares Up 6%
Shares of Peabody Energy Corp. (BTU) are currently trading at $16.70, up $1.05 or 6.71%, with trading volume of over 5.69 million versus an average volume of 7.84 million shares. The stock has been trading in the range of $0.80 – $19.83 for the past one year.
As recently as on September 27, Peabody announced the ratification of a new collective bargaining agreement by the union representing the company’s hourly workers at its Shoal Creek mine.
Geely's Volvo Cars to list in Stockholm, aims to raise 25 billion Swedish krona
- In 2018, Volvo Cars and Geely postponed earlier plans to float shares in the Swedish carmaker, due to trade tensions and a downturn in automotive stocks.
- Sources told Reuters last month that China's Geely Holding was in advanced discussions with banks to list the Swedish company in the coming weeks, aiming for a valuation of about $20 billion.
Geely-owned Volvo Cars intends to launch an initial public offering and list on the Nasdaq Stockholm stock exchange, in what would be one of Europe's biggest initial public offerings (IPOs) this year.
In 2018, Volvo Cars and Geely postponed earlier plans to float shares in the Swedish carmaker, due to trade tensions and a downturn in automotive stocks.
"The proposed IPO is expected to consist of the issuance of new shares by Volvo Cars to raise gross proceeds of approximately SEK 25 billion and a potential partial sale of shares by Volvo Cars' main shareholder," the Sweden-based carmaker said in a statement on Monday.
It added that the first day of trading was expected to be in 2021 and that Geely would remain it biggest shareholder.
Sources told Reuters last month that China's Geely Holding was in advanced discussions with banks to list the Swedish company in the coming weeks, aiming for a valuation of about $20 billion.
Volvo Cars had previously said it was considering listing on the Stockholm stock exchange in the second half of 2021.
Florida First Lady Casey DeSantis Has Breast Cancer
TALLAHASSEE, Fla. (AP) — Florida first lady Casey DeSantis has breast cancer, her husband Gov. Ron DeSantis announced Monday.
DeSantis, 41, is the mother of the couple’s three children, the youngest of whom was born after the governor took office in January 2019.
“As she faces the most difficult test of her life, she will … not only have my unwavering support but the support of our entire family, as well as the prayers and well wishes from Floridians across our state. Casey is a true fighter, and she will never, never, never give up,” the Republican governor said in a statement.
Casey DeSantis has played an active role in her husband’s administration, advocating for people with mental health issues.
“Our hearts are with Florida’s First Lady Casey DeSantis and her family. We are all praying for you!” Agriculture Commissioner Nikki Fried said on Twitter. Fried is running for the Democratic nomination to challenge DeSantis in next year’s election.
‘Thoughts Of A Colored Man’ Moves Up Broadway Opening To Oct. 13
Thoughts of a Colored Man, the new Broadway play by Keenan Scott II and directed by Steve Broadnax III, is moving up its official Broadway opening by more than two weeks, with the new opening date now on Wednesday, October 13.
The play at Broadway’s Golden Theatre had previously been set to open Oct. 31. No reason was giving for the date change, but such moves have been relatively commonplace this fall season as numerous Broadway productions juggle their openings and re-openings following the industry’s recent return from the Covid pandemic shutdown.
Thoughts of a Colored Man features an ensemble cast including Dyllón Burnside (Pose), Bryan Terrell Clark (Hamilton), Da’Vinchi (Starz’s upcoming Black Mafia Family), Luke James (The Chi), Forrest McClendon (The Scottsboro Boys), Tristan Mack Wilds (The Wire) and Esau Pritchett (Prodigal Son). The play is produced by Brian Moreland, Ron Simons, Diana DiMenna, Kandi Burruss, Sheryl Lee Ralph, Samira Wiley, The Shubert Organization, and The Nederlander Organization.
The production’s logline: “As the sun rises on a single day in the pulsing heart of Brooklyn, seven Black men are about to discover the extraordinary – together.” Thoughts of a Colored Man blends spoken word, slam poetry, rhythm, and humor to depict “the vibrant inner life of being Black, proud, and thriving in the 21st century.”