A $12 billion takeover move in the telecoms sector ensured European markets traded higher today, despite continued worries over the recent surge in Covid-19 cases on the continent. Buy-out group KKR’s interest in Telecom Italia ignited other shares in the sector, with BT and Vodafone among the London-listed stocks trading …
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Pedestrians and shoppers walk along Regent Street in London, on April 12. Photographer: Jason Alden/Bloomberg Photographer: Jason Alden/Bloomberg As London’s shops and pub gardens reopen for the first weekend in three months, funds targeting smaller U.K. companies are among the best performers in Europe thanks to a rally in domestic …
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A postal worker for Royal Mail Plc empties a postbox in Manchester. Photographer: Paul Thomas/Bloomberg Photographer: Paul Thomas/Bloomberg Royal Mail Plc raised its profit expectations for this year due to a pick-up in letter volumes, a weak spot in the company’s turnaround. The shares jumped after the company said that …
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The Australian share market is set to continue its positive trend this week. At 7:45am AEDT, ASX futures were up 0.7 per cent to 6,781. The benchmark local ASX 200 index closed 0.4 per cent higher on Monday after being up by as much as 1.8 per cent earlier in …
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Shares of Workhorse Group (WKHS) – Get Report fell sharply Tuesday after the postal service awarded a potentially huge contract to build new delivery trucks to rival Oshkosh (OSK) – Get Report. Workhorse shares fell $14.88, or 47%, to $16.47 in the regular session. It continued to fall in after-hours …
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Sign up here for our daily coronavirus newsletter on what you need to know, and subscribe to our Covid-19 podcast for the latest news and analysis. Italian Prime Minister Mario Draghi’s administration is about to accelerate Italy’s Covid-19 vaccination program, taking inspiration from the U.K. campaign, in an effort to …
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Sign up here for our daily coronavirus newsletter on what you need to know, and subscribe to our Covid-19 podcast for the latest news and analysis. The U.K. government failed to meet some deadlines over publishing coronavirus-related contracts because it was acting “incredibly quickly” to secure equipment at the height …
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Walmart Inc. (WMT) – Get Report posted weaker-than-expected fourth-quarter earnings Thursday, thanks in part to a charge linked to taxes in the United Kingdom, but still managed record sales of more than $150 billion as U.S. shoppers continued to favor big-box retailers over smaller rivals. A planned surge in investment costs, …
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Check out the companies making headlines before the bell: Walmart (WMT) – Walmart reported adjusted quarterly earnings of $1.39 per share, which includes a 7-cent impact from UK tax repayment. The consensus estimate had been $1.50. Revenue did beat forecasts, and US comparable sales excluding fuel were up 8.6% compared …
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The world has never been more indebted after a year of battling Covid-19. And there’s even more borrowing ahead. Governments, companies and households raised $24 trillion last year to offset the pandemic’s economic toll, bringing the global debt total to an all-time high of $281 trillion by the end of …
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