Omicron Spells Bad News for the Pound

Omicron Spells Bad News for the Pound

Bloomberg) — There’s trouble brewing for the pound as the U.K. tightens its coronavirus restrictions once again. Sterling is heading for its first yearly loss since 2018 as Prime Minister Boris Johnson advises people to work from home to help curb the spread of the omicron variant…

Peak Profit Spells Danger for Europe’s Earnings Season

Peak Profit Spells Danger for Europe’s Earnings Season

(Bloomberg) — Pain is likely to come down fast and hard for any European company that doesn’t deliver this earnings season. At least, that’s the early read from a handful of names among the ones that have reported so far. Online-only fashion retailer Asos Plc saw almost a fifth of its market value wiped out…