Category: Industries

July 24, 2024

In a notable downturn, BAER shares have reached a 52-week low, trading at a price of $2.83. This marks a significant dip for the company, which has been grappling with a challenging market environment. The low price level reached is […]

July 23, 2024

Sales of previously owned homes dropped 5.4% in June compared with May, to 3.89 million units on a seasonally adjusted, annualized basis, according to the National Association of Realtors. Sales were also 5.4% lower than June of last year. This […]

July 18, 2024

Average house prices rose by their highest level so far this year during May in a sign of buyer confidence, at least ahead of the general election, Office for National Statistics (ONS) data shows. The latest ONS house price index […]

July 18, 2024

Nokia cut its full-year sales expectations as the market remains uncertain, with telecom operators continuing to hold back on investing in new network equipment. The Finnish telecommunications company doesn’t provide specific group sales guidance but instead offers sales growth assumptions across […]

July 16, 2024

Bank of America on Tuesday said second-quarter revenue and profit topped expectations on rising investment banking and asset management fees. Here’s what the company reported: Earnings: 83 cents a share vs. 80 cents a share LSEG estimate Revenue: $25.54 billion […]

July 9, 2024

BP CEO Murray Auchincloss says the group has stopped bidding on new offshore wind projects in order to simplify operations and reduce costs, says Emma Powell in The Times. At the same time, BP will spend more on new oil and gas assets, particularly […]

July 8, 2024

Devon Energy DVN -1.08% has agreed to acquire Grayson Mill Energy, a oil-and-gas producer in the Williston Basin, in a cash-and-stock deal valued at $5 billion. The Oklahoma City-based Devon said Monday that it would pay $3.25 billion in cash and $1.75 billion […]

July 8, 2024

Danish brewer Carlsberg CARL.A 3.47% agreed to buy London-listed soft drinks maker Britvic BVIC 4.55% for 3.3 billion pounds, or about $4.23 billion, as part of a plan to expand in the non-alcoholic beverage market and reduce reliance on beer sales. Carlsberg, which brews its namesake lager […]

July 2, 2024

Battery maker LG Energy Solution 373220 -1.01% and Australian lithium company Liontown Resources LTR 7.30% will jointly consider developing a refinery for producing battery-grade lithium, as companies plot new supply chains that bypass China even amid a collapse in prices for the critical mineral. The collaboration is part […]

July 1, 2024

The latest data from Nationwide revealed house prices are up 0.2% in June on a monthly basis, when adjusted for seasonal effects. Meanwhile, prices are up 1.5% year-on-year. The average house in the UK now costs £266,064. Prices are now […]

June 28, 2024

Walgreens Boots Alliance Chief Executive Tim Wentworth is taking the struggling chain in a new direction, planning to close a substantial number of poorly performing stores and pulling back on the company’s plunge into the primary-care business. Shares of the […]

June 25, 2024

Nvidia has shed nearly 16% of its market value in the last three trading sessions as sellers take control of the world’s largest chipmaker. Nvidia became the world’s largest company last week, with a valuation in excess of $3.34 trillion, […]

June 25, 2024

On Tuesday, Deutsche Bank initiated coverage on shares of Carpenter Technology (NYSE:CRS) with a Buy rating and a price target of $144.00. The firm’s analysis highlights Carpenter Technology’s potential for significant growth due to its unique position in the market, […]

June 21, 2024

Oil prices traded marginally higher Friday, on course for weekly gains amid signs of improving demand in the United States, the world’s biggest oil consumer. By 08:20 ET (12.20 GMT), the U.S. crude futures traded 0.1% higher at $81.32 a barrel and […]

June 20, 2024

New York is launching a program offering homeowners up to $14,000 in total rebates for energy-efficiency upgrades to their property, and more states are expected to follow suit by summer’s end. The rebate programs are part of the federal Inflation Reduction Act, the […]

June 19, 2024

Growth in UK house prices remained steady in April despite rising mortgage rates, the latest Office for National Statistics (ONS) and Land Registry House Price Index (HPI) has found. Provisional estimates show that average house prices grew 0.3% month-on-month (non-seasonally adjusted) to £281,000. This […]

June 17, 2024

In a recent move, Charles K. Cohn, the Chief Executive Officer of Nerdy Inc. (NYSE:NRDY), an educational services provider, has increased his stake in the company through the purchase of additional shares. The transaction, which occurred on June 13, 2024, […]

June 13, 2024

The UK housing market saw a dip in confidence in May, according to the latest survey from the Royal Institute of Chartered Surveyors (RICS). House prices and buyer confidence are partly driven by mortgage rates, which are linked to the […]

June 11, 2024

Apple shares popped 5% to a new record high of around $203 per share on Tuesday, a day after the company announced its long-awaited push into artificial intelligence at its annual developer conference on Monday. Apple introduced a range of […]

June 11, 2024

Naspers Limited (Naspers) (JSE: NPN): Shareholders are advised that the Naspers group (the Group) is finalising its financial statements for the year ended 31 March 2024. During the year our ecommerce businesses delivered peer leading growth and accelerated profitability. We […]