Budgets for UK mid-caps are boosted by pubs, builders and bookies
The UK midcap stocks rose on Wednesday, as investors deemed that the first UK budget of the new Labour government was less punitive than they had feared. Mid-cap shares outperformed blue-chip stocks, even though UK Finance Minister Rachel Reeves had announced a number of new tax increases to the tune 40 billion pounds per year.
French and Benelux stocks: Factors to watch
Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. French IT company, struggling to survive, reported on Thursday a 4.4% drop in organic revenue for the third quarter. It blamed softer market conditions but also said that it saw an improvement in order entry.
French and Benelux stocks: Factors to watch
Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. The largest food retailer in Europe has maintained its financial targets for 2024. The French luxury goods group warned that its operating income for…
French and Benelux stocks: Factors to watch
Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. Documents dated Monday show that funds managed by Brazilian investment firm BTG Pactual were granted preliminary approval Friday by the country's antitrust…
French and Benelux stocks: Factors to watch
Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. The French government released its budget for 2025 on Thursday. It included plans to cut spending by 60 billion euros and increase taxes on wealthy…
French and Benelux stocks: Factors to watch
Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. Le Monde reported that France's new Premier Michel Barnier was considering a temporary rise in corporate tax for the biggest companies of France, as well as taxation on share buybacks.
French and Benelux stocks: Factors to watch
Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. The Dutch government announced that it has completed the sale of a part of its ABN AMRO shareholdings. Issued 500 million euros ten-year maturity bond.
French and Benelux stocks: Factors to watch
Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. In a presentation to investors published on Monday, BNP Paribas BNPP.PA, a French bank, confirmed its financial path for 2024. The bank expects annual revenue growth in excess of 2%…
London's FTSE 100 continues to recover on the back of financials and corporate earnings
London stock markets rose broadly for the second consecutive session on Wednesday. Gains in financial stocks, and positive corporate earnings helped the indexes recover most of their losses earlier this week. The blue-chip FTSE 100 ended the day 1.8% higher, its highest showing in over four months.
BP Profits Lifted by Production Uptick
A strong rise in oil and gas production helped BP offset weaker crude prices and refining profit to again beat profit expectations on Tuesday, boosting its shares.BP's second quarter contrasts with Total and Norway's Equinor, which posted sharp earnings drops, and…
From KPMG: Visions of Cheese
Whilst we are seeing a clear uptick in activity and the UK oil and gas industry is certainly on the way up again, the industry must continue to move forward. However, under current market conditions, how can companies capitalize on change whilst remaining stable and sustainable and…
Shell Poised to Dethrone Exxon as Q4 Profits Double
Profits rise 120 percent to $16 bln in 2017; Q4 profits more than double, beating forecasts. Royal Dutch Shell could usurp its largest rival Exxon Mobil as the energy sector's biggest cash generator after higher oil and gas prices combined with an improved performance lifted its 2017 revenue.
Redfern Joins RCG
The Renewables Consulting Group (RCG) announced the ongoing growth of its expert services team with the addition of Simon Redfern to the firm’s London office as Director. Redfern has a proven and well-respected track record in managing large, multi-disciplinary, geographically…
Oil Dips as Qatar Rift Threatens Output Cuts
Oil falls as some question impact of diplomatic row over Qatar. Oil prices fell on Monday on concerns a diplomatic rift among some of the Arab world's major energy producers could weaken a global deal on output cuts, while sterling shrugged off a deadly attack in London and focused on this week's UK election.
Mining Service Sector Outpaces Oil Peers
Miners' quest for technology adds to order books. Companies supplying miners with equipment and services have performed better than their oil sector peers, buoyed by spending on new technology and expectations the demand outlook for other minerals is more bullish than for fuel.
Elliott Presses BHP to Shed Petroleum
BHP petroleum business has value of more than $20 billion. Activist investor Elliott Management raised the pressure for strategic changes at BHP on Tuesday, calling for an independent review of the mining giant's petroleum business. Elliott, which has built up a 4.1…
Shell's Profit Surges As Oil Sector Rebounds
Royal Dutch Shell said net profit more than doubled in the first quarter, joining its peers in beating analyst forecasts as rebounding oil prices and refining margins lifted revenue after a near three-year downturn. A 55 percent rise in oil prices from a year ago and deep cost cuts boosted cash generation…
Glencore raises profit forecast for trading arm
Lifts operating profit forecast for trading division by $100 mln; coal prices spike in Q1 versus same time a year ago. Mining and commodities trading group Glencore has raised its operating profit forecast for the trading division this year by $100 million and said…
BP's Profit Triples on Pricing and Output
BP joins rivals Exxon, Chevron in beating forecasts; net debt rises 9 pct quarter-on-quarter. BP's profit nearly tripled in the first quarter of 2017 from a year earlier, buoyed by rising oil prices and production that hit a five-year high, while debt piled up in order…
DCC to buy ExxonMobil's Norwegian Petrol Stations
London-listed DCC Plc said it would buy the retail petrol station network of ExxonMobil's Norwegian unit, Esso Norge AS, for 2.43 billion Norwegian crowns ($293.38 million). DCC, whose activities range from oil distribution to waste management, said the total consideration…
