(Reuters) -British shares rose on Tuesday, boosted by gains in banks and miners on investor optimism over a vaccine-led economic recovery, while Royal Mail climbed after announcing a one-off dividend payment. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. …
Read More »5 Top Stock Gainers for Friday: Etsy, Airbnb, DraftKings
Stocks finished mixed Friday. The Dow dropped and tech stocks rebounded following a sharp selloff on Thursday. Here are some of the top gainers Friday: 1. Etsy | Percentage Increase 11% Etsy (ETSY) – Get Report rose as analysts offered glowing commentary on the online artisanal-goods seller’s stronger-than-expected earnings. Revenue more …
Read More »Workhorse Slammed After Missing Out on Postal Truck Contract
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 …
Read More »Walmart Misses Q4 Profit Forecast, Tops $150 Billion Sales
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, …
Read More »Asian shares hit all-time highs, oil buoyant
SYDNEY – Asian shares advanced to record highs on Monday and oil rose to a more than one year peak as successful coronavirus vaccine rollouts globally raise hopes of a rapid economic recovery amid new fiscal aid from Washington. MSCI’s broadest index of Asia-Pacific shares outside Japan jumped 0.4% to …
Read More »KPMG’s U.K. boss resigns after telling staff not to ‘sit there and moan’ about the pandemic
The U.K. chairman of accounting firm KPMG is resigning after he told staff in a meeting to stop complaining about the pandemic and said that there was “no such thing as unconscious bias.” In a video of the meeting published by the Daily Mail, Bill Michael can be seen telling …
Read More »2021 could be ‘biggest for UK software IPOs’ in years, says analyst
The UK software space could be in for an exciting year for companies joining public markets, claim analysts. ‘We think 2021 could be one the biggest years for UK software IPOs for a very long time’, said Rob Warensjo, one of the analysts on the Megabuyte research team. ‘Not only by …
Read More »Banking regulator says pandemic uncertainty means now is not the time to consider higher dividends, share buybacks
Bank buildings at Toronto’s financial district on Sept. 3, 2020. Fred Lum/The Globe and Mail Canada’s banking regulator will not yet consider lifting restrictions on banks’ dividends and share buybacks introduced at the start of the pandemic, even though the largest lenders continue to amass growing stockpiles of surplus capital. …
Read More »US close: Stocks end session in the green following solid manufacturing data
Wall Street stocks closed higher on Tuesday following a sharp sell-off in the previous session, driven by some stronger than expected manufacturing data. At the close, the Dow Jones Industrial Average was up 0.55% at 30,391.60, while the S&P 500 was 0.71% firmer at 3,726.86 and the Nasdaq Composite saw …
Read More »Europe close: Stocks dip as UK moves into lockdown, Germany prepares to tighten restrictions
European markets slipped as the UK imposed its third national lockdown and Germany prepared to extend measures to stymie a surge of coronavirus cases. The pan-European Stoxx 600 was down 0.19% to 400.94, although London’s FTSE 100 was up 0.61% at 6,612.25. France’s CAC 40 slipped 0.44% to 5,564.60, and …
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