21 Mins Ago ASOS reports 15% drop in quarterly sales; shares fall 3% British online fashion retailer ASOS reported a 15% drop in fourth-quarter sales and said earnings would be at the bottom end of its guided range in a trading statement. Earnings before interest and taxes are now expected to sit closer to £40 … Read more
5 Hours Ago CNBC Pro: ‘Relentless pursuit of eyeballs’: Analysts name China internet stocks to buy — giving 2 over 50% upside Several stocks are set to benefit from the “relentless pursuit of eyeballs” in the Chinese internet sector, according to analysts at asset management firm AllianceBernstein. “We’re now seeing e-commerce related activity pick up … Read more
UK inflation falls below expectations to 6.7% U.K. inflation came in at 6.7% in August, below expectations and down slightly from the previous month. On a monthly basis, the headline consumer price index (CPI) rose by 0.3%. Economists polled by Reuters expected the headline figure to come in at 7% annually and up 0.7% month-on-month, … Read more
41 Mins Ago Europe stocks close slightly higher European markets closed slightly higher on Friday, with household goods, mining and autos stocks leading gains. The regional Stoxx 600 ended up 0.2%, with most sectors and major bourses in positive territory. — Sam Meredith 2 Hours Ago U.S. stocks open lower The major averages were lower … Read more
European stock markets retreated Wednesday as investors reacted to stronger than expected U.S. inflation data. The Stoxx 600 index was down by 0.4% during afternoon deals as most sectors and major bourses declined. Industrials stocks dropped 0.8% to lead losses. It comes shortly after U.S. inflation data for August exceeded expectations. The consumer price index, … Read more
Tue, Sep 12 2023 11:53 AM EDT Europe stocks close 0.2% lower European stock markets closed 0.2% lower on Tuesday, paring gains from earlier in the session as investors monitored a busy week for economic data. — Sam Meredith Tue, Sep 12 2023 9:03 AM EDT UK mortgages in arrears shoot to seven-year high U.K. … Read more
39 Mins Ago Europe stocks close higher European stocks closed 0.3% higher on Monday, as investors looked ahead to a flurry of economic data releases around the world. Most sectors and major bourses closed the first trading session of the week in positive territory, with mining stocks up 2.4% to lead gains. — Sam Meredith … Read more
Thu, Sep 7 2023 11:41 AM EDT European stocks close slightly lower European stocks closed slightly lower on Thursday, logging their seventh consecutive negative session amid signs of persistent inflationary pressures in the U.S. The pan-European Stoxx 600 provisionally ended down 0.16%. It represents the longest losing streak for the index since February 2018, according … Read more
5 Hours Ago CNBC Pro: UBS downgrades 2 large global automakers over ‘highly competitive’ Chinese EVs threat UBS has downgraded two large global automakers over mounting competition from Chinese electric vehicle manufacturers. The investment bank also cut price targets as it sees mass market car makers lose market share to Chinese firms such as Warren … Read more
Microsoft on Tuesday submitted a new deal to U.K. regulators for the takeover of Activision Blizzard after the rejection of its initial proposal. On Tuesday, the U.K.’s Competition and Markets Authority confirmed it has blocked the original deal. Under the restructured deal, Microsoft will not acquire cloud rights for existing Activision PC and console games, … Read more