Latest News
02 May
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Europe close: Stocks end lower ahead of Fed amid concerns around banks

European shares got off to a poor start in May as investors waited anxiously for the US central bank's policy decision the next day and continued concern around the banking sector.

02 May
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Wednesday preview: US Fed decision, Lloyds in focus

All eyes on Thursday would be on the US central bank as it announced its latest policy decision.

02 May
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Broker tips: Rightmove, AJ Bell, JTC

HSBC upgraded Rightmove on Tuesday to ‘buy’ from ‘hold’ and lifted the price target to 645p from 530p as it said some of the early demand indicators show return of buyers’ interest and argued that positive sentiment from agents is not priced into current multiples for the stock.

02 May
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Berenberg hikes price target on AJ Bell

Berenberg hiked its price target on AJ Bell on Tuesday to 370p from 300p, as it said resilient flows continue.

02 May
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De La Rue appoints Nick Bray as interim chairman

Banknote printer De La Rue said on Tuesday that it has appointed Nick Bray as interim chairman.

02 May
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London close: Stocks fall as investor jitters return

London markets closed in negative territory on Tuesday, with the FTSE 350 falling into the red during afternoon trading.

02 May
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US job opening decline further in March

The number of job opening continued to decline in March alongside a decrease in the number of Americans choosing to change employment.

02 May
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BP posts $5bn Q1 profit as windfall tax debate reignites

The debate around windfall profits on energy companies was reignited on Tuesday when oil giant BP reported a better-than-expected first quarter profit of $5bn.

02 May
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US open: Wall Street gets off to a week start ahead of Fed decision

Wall Street got off to a weak start on Tuesday as investors eyed the latest policy announcement from the US Federal Reserve due out the next day, while concerns about the debt ceiling continued to play on investors’ minds.

02 May
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FTSE 100 movers: Pearson tumbles on Chegg warning; HSBC rallies

London’s FTSE 100 was down 0. 4% at 7,836. 10 in afternoon trade on Tuesday.

02 May
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HSBC upgrades Rightmove to ‘buy’

HSBC upgraded Rightmove on Tuesday to ‘buy’ from ‘hold’ and lifted the price target to 645p from 530p as it said some of the early demand indicators show return of buyers’ interest and argued that positive sentiment from agents is not priced into current multiples for the stock.

02 May
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Shore Capital downgrades JTC to ‘hold’

Shore Capital downgraded JTC on Tuesday to ‘hold’ from ‘buy’ as it lifted its fair value to 840p from 825p.

02 May
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DuPont downgrades top end of FY sales guidance

DuPont downgraded its full-year sales guidance on Tuesday as it pointed to a delay in the recovery of the electronics market.

02 May
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Director dealings: Genus announces new CEO's compensation, AstraZeneca chair spends £0.23m

Livestock genetics company Genus saw its shares weaken on Tuesday afternoon after it announced the agreed reward arrangements for its incoming CEO, Jorgen Kokke.

02 May
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Pfizer reaffirms guidance after Q1 fall in Covid-19 revenue

Pharmaceutical giant Pfizer reported a year-on-year decline in earnings per share and revenue on Tuesday, primarily driven by an expected decrease in revenue from its Covid-19 vaccine product, ‘Comirnaty’.

02 May
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US government could run out of cash in early June, Yellen warns

The US government was likely to run out of cash to meet all of its obligations, possibly as soon as next month, unless Congress acted.

02 May
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Apollo drafts in former Coty CEO to help with THG offer - report

A former chief executive of Coty has reportedly been drafted in to help Apollo Global Management draw up a firm offer for health and beauty retailer THG.

02 May
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Uber beats expectations on Q1 earnings, revenue

Uber Technologies shares were soaring in pre-market trading on Tuesday, after the car-hire and delivery giant beat market expectations on both first-quarter earnings and revenue.

02 May
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US pre-open: Stocks seen touch weaker as investors eye Fed meeting

US stock futures were pointing to a marginally weaker open on Wall Street on Tuesday as investors eyed the latest policy announcement from the US Federal Reserve this week, while concerns about the debt ceiling continued to play on investors’ minds.

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Important Legal Notice about News Sources

Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news articles and we may not share the views of the author or publisher.

We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.

The value of investments can fall and you may get back less than you invested.