Category: Markets

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Goldman Becomes S&P 500’s Biggest Bull After a Target Upgrade

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

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 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

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

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

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

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 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 [...]
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