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FTSE 100 drops as commodity-linked stocks weigh; Persimmon tumbles
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European shares rangebound with all eyes on U.S. midterms
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The path to net zero: significant investment, actionable strategies and long-term commitment
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Ryanair hails ‘very strong’ recovery with record summer profit
Analysis-Twitter’s ‘massive’ revenue drop adds to heavy debt burden
Date: November 7, 2022
By Matt Tracy NEW YORK (Reuters) – Elon Musk’s revelation that Twitter has suffered a “massive” revenue drop since he took over 10 days ago underscores the precarious nature of the social media company’s finances after he saddled it with $13 billion in debt, credit experts say. Musk tweeted on Friday that Twitter was losing...
FTSE 100 lags European peers as healthcare, energy decline
Date: November 7, 2022
By Johann M Cherian (Reuters) -The FTSE 100 index dipped in choppy trading on Monday as GSK led a fall in healthcare stocks and energy companies tracked declining oil prices, while its European peers rallied. The blue-chip FTSE 100 fell 0.1%, while the mid-cap FTSE 250 was up 1.0% by 0951 GMT. The pan-European STOXX...
European shares gain ground on boost from travel stocks
Date: November 7, 2022
By Shreyashi Sanyal (Reuters) -European shares rose on Monday, reversing declines from the opening bell, as a jump in travel stocks helped outweigh a drag from China-exposed luxury giants. The benchmark STOXX 600 index added 0.6% by 0929 GMT, extending gains after its fourth straight weekly rise. Flutter Entertainment Plc rose 4.5%, boosting European travel...
Global shares rise, U.S. dollar falls after strong jobs data
Date: November 4, 2022
By Chibuike Oguh NEW YORK (Reuters) -Global shares rose while the U.S. dollar fell on Friday after better-than-expected jobs data provided clues the tightness in the American labor market was starting to ease, raising hopes the Federal Reserve could soften its stance on interest rates. Data from the Bureau of Labor Statistics showed the U.S....
Oil climbs by $4 as further interest rate hikes loom
Date: November 4, 2022
By Laura Sanicola (Reuters) -Oil prices rose by more than $4 on Friday before paring some gains amid uncertainty around future interest rate hikes by the U.S. Federal Reserve, while a looming EU ban on Russian oil and the possibility of China easing some COVID restrictions supported markets. Though fears of global recession capped gains,...
Bank of England’s Bailey speaks after rate increase
Date: November 3, 2022
LONDON (Reuters) – The Bank of England raised interest rates to 3% on Thursday from 2.25%, its biggest rate rise since 1989 as it warned of a “very challenging” outlook for the economy. Below are quotes from Governor Andrew Bailey and other top officials from the British central bank who were speaking at a news...