Category: Markets
Goldman Becomes S&P 500’s Biggest Bull After a Target Upgrade
Goldman Sachs Group Inc (NYSE:GS). strategists lifted their outlook for the S&P 500 Index as robust earnings growth and low interest rates fuel optimi [...]
UK market update – Rolls-Royce maintains forecast, Lloyds shares downgraded
At 08:39BST, the FTSE 100 is trading lower by 0.1% at 7118.15. The midcap FTSE 250 is trading flat at 23,353.80.
In FX markets, GBP/USD is trading [...]
One coal unit at Britain’s Ratcliffe power plant to close next year -Uniper
One unit at Uniper's 2 gigawatt Ratfcliffe coal plant in Britain will close next year, two years ahead of the full shut down of the facility, the comp [...]
GM swings to profit, raises full-year outlook
General Motors Co on Wednesday swung to a second-quarter profit from a loss last year when the COVID-19 pandemic shut operations, and raised its full- [...]
Toyota, Honda beat profit estimates but are wary of extended chip crunch
TOKYO, August 4 (Reuters) - Toyota Motor Corp posted a record quarterly profit on Wednesday and Honda Motor Co raised its annual profit estimate as pa [...]
UK market update – Taylor Wimpey lifts forecast, Ryanair passengers pick up
At 08:31BST, the FTSE 100 is trading higher by 0.3% at 7129. The midcap FTSE 250 is trading higher by 0.3% at 23,351.
In FX markets, GBP/USD is tra [...]
Commerzbank swings to Q2 loss on restructuring costs, write-off
Germany's Commerzbank (DE:CBKG) on Wednesday said that it swung to a second-quarter loss as the lender undergoes a major restructuring and after a wri [...]
FTSE 100 gains on earnings cheer, mining stocks boost
London's FTSE 100 climbed on Wednesday, helped by strong earnings and heavyweight miners, although investor mood remained cautious over rising COVID-1 [...]
The Hut Group to buy Cult Beauty for $383 million
British e-commerce company The Hut Group said on Wednesday that it would buy UK-based online beauty retailer Cult Beauty for 275 million pounds ($382. [...]
Clorox Tanks On Hit From Inflation, Weaker Demand
Clorox (NYSE:CLX) stock plummeted 11% in Tuesday’s premarket trading as inflation and weaker demand for cleaning products dented its fourth-quarter sa [...]