investing
Investing
EU gas stocks could fall short next year, Commission president warns
Investing
European stocks snap three-day gains on worries over U.S. vote, inflation
Investing
Euro zone bond yields fall ahead of US inflation, midterm results
Investing
Commerzbank profit drops; shares tumble as 2024 forecasts disappoint
European shares ease from eight-week highs as U.S. midterm results pour in
Date: November 9, 2022
By Shreyashi Sanyal (Reuters) -European shares came off eight-week highs Wednesday as Marks & Spencer led declines among retailers, while investors closely tracked results from the U.S. midterm election to determine a shift in the balance of power in Washington. The pan-European STOXX 600 index fell 0.6% by 0930 GMT, with the retail sector index...
Wall Street advances, Treasury yields dip as U.S. votes
Date: November 8, 2022
By Stephen Culp NEW YORK (Reuters) -U.S. stocks advanced on Tuesday, gaining momentum in morning trading while Treasury yields took a pause as Americans went to the polls and market participants bided their time to determine whether Capitol Hill is in for a power shift. The blue-chip Dow led Wall Street’s major slightly higher, while...
The role of the independent valuer to avoid protracted disputes
Date: November 8, 2022
By Georgina Davis and Matthew Haddow, share valuations experts at accountancy firm, Menzies LLP Professional advisers are often called in to help carve up privately run businesses that are restructuring or otherwise changing shape. For example, if a shareholder has decided to exit and sell their shares, both the exiting and remaining shareholders may need...
Nintendo lifts profit guidance on weaker yen, sees slower console sales
Date: November 8, 2022
By Kiyoshi Takenaka TOKYO (Reuters) -Japanese videogame maker Nintendo Co Ltd cut its full-year Switch sales projection by nearly 10% after microchip shortages constrained console production, but raised its annual net profit forecast, thanks to a softer yen. Nintendo, which earns about 80% of its revenues overseas, expects net profit of 400 billion yen ($2.73...
Factbox-Renault unveils big overhaul in drive to boost profits
Date: November 8, 2022
PARIS (Reuters) – French carmaker Renault on Tuesday announced a big overhaul to split its operations into five businesses, deepen ties with China’s Geely and list its electric vehicle unit on the market from next year. Here are the main planks and financial targets unveiled in a strategy presentation to investors. FIVE BUSINESSES: Renault will...
UK’s Persimmon signals margin hit amid house price fall
Date: November 8, 2022
(Reuters) – Persimmon, Britain’s second-largest housebuilder, warned on 2023 profit margins on Tuesday, after house prices deteriorated and its sales rate slipped, as the political and economic turmoil in the country and a deepening cost-of-living crisis weighed on sentiment. Persimmon shares fell more than 7% in early trade and the company’s warning also dragged stocks...