investing
Investing
Stocks climb ahead of big tech-related earnings this week; oil falls
Investing
Lloyds and Close Brothers shares fall on motor finance ruling
Investing
Factbox-IPOs stage fall comeback in Europe
Investing
London stocks climb, energy shares keep gains in check
Norway’s wealth fund falls short on climate ambitions, NGO says
Date: October 28, 2024
By Gwladys Fouche OSLO (Reuters) – The world’s largest sovereign wealth fund is falling short on its own climate expectations by failing to vote in support of key shareholder resolutions during this year’s AGM season, a non-governmental organisation said on Monday. The $1.8 trillion fund pools the Nordic state’s revenue from oil and gas production....
Oil set for 3% weekly gain, investors weigh Middle East risk
Date: October 25, 2024
By Georgina McCartney HOUSTON (Reuters) -Oil prices were on track to gain around 3% on the week as Friday’s prices ticked up, with investors taking stock of a planned resumption in Gaza ceasefire talks in the coming days amid ongoing conflict in the Middle East. Brent crude futures was up 70 cents, or 0.94%, at...
Britons with shares can be considered ‘working people’ too, PM’s office clarifies
Date: October 25, 2024
LONDON (Reuters) – Britons who own shares or property can be considered “working people” too, Prime Minister Keir Starmer’s office clarified, after he suggested they wouldn’t fit his definition of the phrase ahead of a budget next week. As the government warns it will need to take difficult decisions at the Oct. 30 budget to...
UBS Global Wealth Management lifts global equities stance to ‘attractive’
Date: October 25, 2024
By Siddarth S (Reuters) -UBS Global Wealth Management has raised its stance on global equities to “attractive” from “neutral”, citing resilient U.S. economic growth, monetary policy easing by major central banks and an artificial intelligence (AI) boom. “Economic growth is remarkably resilient and central banks have been proactive, giving us confidence the supportive backdrop has...
Spanish renewables industry warns of threats to investment
Date: October 25, 2024
MADRID (Reuters) – The mismatch between increasing supply of renewable power and electricity demand that is struggling to grow, coupled with depressed wholesale power prices, threatens future investments in the sector, renewables lobby APPA warned on Friday. KEY QUOTES We continue to add renewables capacity without a proportional increase in power demand,” APPA President Santiago...
FTSE 100 set for weekly losses on mixed earnings, budget anticipation
Date: October 25, 2024
By Ankika Biswas (Reuters) – London’s blue-chip stock index slipped on Friday and was on track for weekly losses, as investors assessed a mixed bag of corporate earnings ahead of the highly awaited first budget from the country’s new government next week. The FTSE 100 was 0.1% down as of 0930 GMT, while the domestically...