Latest News
14 Jul
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Friday preview: U.S. Q2 bank results, consumer confidence in the spotlight

Investors' attention at the end of the week would be trained be on quarterly results due out from U. S. banking heavyweights Citigroup, J. P. Morgan, and Wells Fargo.

13 Jul
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Europe close: Stocks continue advance, 52-week highs beckon

European stocks continued their push towards their 52-week highs as fresh data pointed yet again to slower price growth in the U. S. going forwards.

13 Jul
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London close: Stocks rise on UK GDP, US producer price data

Stocks in London managed an upbeat finish on Thursday, propelled by easing concerns over US Federal Reserve interest rate hikes, amid focus on the latest UK GDP data and fresh US inflation figures.

13 Jul
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Shell exploring stake sale in renewable power unit - report

Shell is reportedly exploring options for its global renewable power operations, including a potential stake sale to outside investors.

13 Jul
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FTC probing OpenAI over consumer protection concerns

The US Federal Trade Commission (FTC) has launched an investigation into artificial intelligence (AI) company OpenAI over allegations of violating consumer protection laws and jeopardising personal reputations and data, it was reported on Thursday.

13 Jul
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Delta Air Lines posts record quarterly profits, shares at 52-week high

Delta Airlines reported record quarterly sales and profits on the back of booming travel demand following the Covid-19 pandemic.

13 Jul
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GSK spinoff Haleon planning widespread layoffs - report

GSK spinoff Haleon is reportedly planning widespread layoffs in the UK and around the world.

13 Jul
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PepsiCo lifts guidance after strong second quarter

Drinks and snacks giant PepsiCo reported a solid second-quarter performance on Thursday, topping expectations and leading to an upward revision of its guidance for the second consecutive quarter.

13 Jul
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FTSE 100 movers: Miners rally, housebuilders under the cosh

London’s FTSE 100 was up 0. 4% at 7,447. 31 in afternoon trade on Thursday.

13 Jul
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Director dealings: Ironveld director linked to purchase, Loungers chair covers tax bill

Ironveld was on the list of director buys on Thursday, after it disclosed a purchase linked to a non-executive director.

13 Jul
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US open: Stocks extend gains after softer-than-expected producer price data

Wall Street shares were again trading on the front foot thanks to another subdued reading on price pressures.

13 Jul
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Revenue up as the Gym Group expands membership base

Low-cost fitness operator the Gym Group reported substantial growth in membership and revenue in a first-half trading update on Thursday.

13 Jul
FTSE 250 movers: Watches of Switzerland surges; Hays slips

Diploma shares soared on Thursday as the company said revenues had risen 9% in the first nine months of the year and bought DICSA, a Spain-based distributor of fluid power solutions for £170m.

13 Jul
Domino's appoints Andrew Rennie as CEO

Domino's Pizza said it had appointed Andrew Rennie as chief executive officer with effect from August 7 2023.

13 Jul
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Cineworld lenders appoint Eduardo Acuna as CEO

Cineworld said on Thursday that its lenders have agreed to appoint Eduardo Acuna as chief executive officer of the newly-incorporated parent company of the group.

13 Jul
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Broker tips: Softcat, Computacenter, Hunting, Schroders

Citi upgraded Softcat and downgraded Computacenter on Thursday as it refreshed its view on the European value-added resellers, "keeping in consideration a return to more normal growth for the space post pandemic induced spurt in demand".

13 Jul
US initial jobless claims unexpectedly fall

The number of Americans filing for unemployment benefits unexpectedly fell last week, according to data released on Thursday by the Labor Department.

13 Jul
US producer prices ease in June

Producer price inflation in the US eased more than expected in June, according to figures released on Thursday by the Bureau of Labor Statistics.

13 Jul
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Dr Martens makes strides on rectifying US issues, trading in line

UK bootmaker Dr Martens said progress had been made rectifying the US warehousing fiasco that led to a series of profit warnings, and trading since the start of the current financial year had been in line with expectations.

13 Jul
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ExxonMobil to buy Denbury in $4.9bn deal

ExxonMobil said on Thursday that it has agreed to buy oil and gas producer Denbury in an all-stock deal valued at $4. 9bn, or $89. 45 per share.

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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.