Tag: business

July 26, 2024

Russian Central Bank Governor Elvira Nabiullina and her deputy Alexei Zabotkin addressed a news conference on Friday after the central bank raised its key rate to 18%. Nabiullina and Zabotkin spoke in Russian. The quotes below were translated into English […]

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 12, 2024

Finsbury Growth & Income Trust’s (FGT) strategy is based on the premise that one way to achieve competitive investment returns is to run a concentrated portfolio built around positions in world-class companies that offer access to long-lasting and money-making global […]

July 11, 2024

After stalling in April, the UK economy grew 0.4% in May. This was double the rate economists were expecting, based on a poll from Reuters. On a three-month basis, the economy grew 0.9% – the strongest figure since January 2022. The […]

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 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 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 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 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 […]

June 7, 2024

Shares in US retailer Walmart, deemed a “bellwether” for the US consumer, have reached an all-time peak, propelling its market value above $500bn, says Alexandra White in the Financial Times. The bounce is due to an unexpectedly positive quarterly report. […]

May 7, 2024

Energy Fuels (TSX:EFR) Inc. (NYSEAMERICAN:UUUU), a leading miner in the nonmetallic minerals sector, reported a recent purchase of company shares by one of its directors, Ivy Estabrooke. The transaction, which took place on May 7, 2024, involved the acquisition of […]

April 30, 2024

China Vanke 000002 -1.98% shares slumped after it posted soft first-quarter results amid continuing pressure in China’s property sector. Shares were 9.5% lower at 4.48 Hong Kong dollars (US$0.57) in Tuesday afternoon trading, taking this year’s loss to 38%. Shares […]

April 25, 2024

Deutsche Bank on Thursday reported a 10% rise in first-quarter profit, beating expectations amid an ongoing recovery in its investment banking unit. Net profit attributable to shareholders was 1.275 billion euros ($1.365 billion) for the period, ahead of an aggregate […]

April 15, 2024

Shares of Trump Media plunged more than 13% on Monday after the company filed to issue millions of additional shares of stock. Trump Media’s dramatic slide came as Donald Trump headed to a Manhattan court to begin jury selection for […]