Wall Street stocks were in the red early on Monday as market participants looked ahead to key inflation data due out later in the week. As of 1450 BST, the Dow Jones Industrial Average was down 0.33% at 39,367.84, while the S&P 500 lost 0.16% to 5,355.70 and the Nasdaq …
Read More »Fonix Mobile ends year ahead of market expectations
Mobile payments and messaging technology provider Fonix Mobile reported a strong full-year financial performance in a trading update on Monday. The AIM-traded company said it exceeded market expectations, with an 18.5% increase in gross profit to £17.9m, compared to £15.1m in the prior year. Adjusted EBITDA also saw an 18.1% …
Read More »US open: Stocks mostly lower as traders look ahead to tech earnings
Wall Street stocks were mostly lower early on Monday as traders braced for another earnings-heavy week. As of 1545 BST, the Dow Jones Industrial Average was up 0.01% at 33,812.01, while the S&P 500 lost 0.14% to 4,127.68 and the Nasdaq Composite came out the gate 0.54% weaker at 12,007.87. …
Read More »Workers at IDS unit Royal Mail to vote amid pay, conditions dispute
(Alliance News) – Workers at International Distributions Services PLC’s Royal Mail will hold a series of meetings on Tuesday to vote on whether they have confidence in the company’s chief executive ahead of fresh strikes in a long-running dispute over pay, jobs and conditions. The Communication Workers Union is organising …
Read More »London open: Stocks edge up ahead of non-farm payrolls
London stocks rose in early trade on Friday after the US Senate approved a deal to raise the debt ceiling, but gains were unspectacular as investors eyed the release of the latest US non-farm payrolls report. At 0825 BST, the FTSE 100 was up 0.3% at 7,097.63. Richard Hunter, head …
Read More »Europe close: Stocks stage modest bounce ahead of quarter’s close
European shares put in a modest bounce on Wednesday, with both stocks and bonds finding a bid following the steep losses seen in the previous session. “Stocks are in rebound mode today after Tuesday’s drop, as some of the stagflation concerns ease and bargain hunters pile in,” said IG chief …
Read More »London open: Stocks in the black despite lockdown, ahead of Sunak statement
London stocks rose in early trade on Tuesday despite the imposition of a third national lockdown in England, as investors eyed a statement from Chancellor Rishi Sunak on a fresh business support package. At 0840 GMT, the FTSE 100 was up 0.6% at 6,609.84, faring well considering England was set …
Read More »Savills : Quadrant and Aimco announce joint venture to bring forward £150m redevelopment of former Royal Mail site, Nine Elms
Royal Mail went under offer to sell the slice of its former depot in Nine Elms – known as Plot A – last July, when Quadrant secured the deal ahead of rival bids from the likes of MiddleCap, among other investors. The transaction is Royal Mail’s latest sale on the …
Read More »US pre-open: Futures mixed ahead of payrolls data
Wall Street futures were pointing to a mixed session ahead of the bell on Friday following the previous session’s tech bloodbath and ahead of the newest edition of the Labor Department‘s closely watched non-farm payrolls report. As of 1230 BST, Dow Jones futures were up 0.22%, while S&P 500 and …
Read More »Week ahead: UK data, US-China trade deal in focus
At home, foreign trade data for November are scheduled to be published on Monday, followed by readings on consumer prices and retail sales in December set to follow on Wednesday and Friday, respectively. Investors will be scrutinising those reports for further signs of weakness which might cement expectations in financial …
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