Benjamin Chiou
Barratt-Redrow merger to complete this week as housebuilders engage with CMA
Both parties are now engaging with the Competition and Markets Authority following the conclusion of its first review earlier this month, which raised concerns about the supply of new build private residential housing in one of the more than 400 local are...
1 month ago
Intercede announces new strategic partnership with Microsoft
Intercede said that a number of its customers have wanted to use FIDO passkeys on behalf of users on devices such as the Yubikey family of devices or smart phones.However, the lack of ability to integrate credential management systems with Microsoft's Ent...
1 month ago
Jefferies trims target for Domino's Pizza but stays positive
The UK-based master franchise of the global takeaway chain reported on 6 August that full-year profit would be towards the lower end of the current range of market expectations after a slower start to the first half.Market expectations at the time were fo...
1 month ago
New buyer numbers surge after Bank Rate cut, says Rightmove
The number of potential buyers contacting estate agents about homes for sales has risen 19% on last year since 1 August, with annual growth accelerating from 11% across the month of July.The upturn was driven by the first Bank of England rate cut in four...
1 month ago
Estée Lauder shares tank on CEO retirement, China outlook
Fabrizio Freda has informed the board that he intends to retire at the conclusion of the current financial year ending 30 June 2025, after 16 years with the company.Estée Lauder said it was "well advanced" in its CEO succession planning process and has co...
1 month ago
US close: Stocks extend gains as rate-cut expectations rise
The S&P 500 finished 1% higher at 5,608.25, sitting just 1% shy of its all-time closing high of 5,667.20 set last month. The index has now gained 7.6% since 7 August.The Nasdaq jumped 1.4% to 17,876.77, while the Dow rose for the fifth consecutive day...
1 month ago
Weir wins £53m contract at Barrick's Reko Diq project
During the first phase of the project, Weir will provide fine grinding, separation and tailings solutions, including its Enduron large-format high-pressure grinding rolls (HPGRs) and wet screens.Half of the revenue (£26m) will be recognised in the third q...
1 month ago
Antofagasta's first-half profits fall as expected
Pre-tax profit totalled $712.6m, down from $764.5m the year before but above the consensus forecast of $710.6m.The company saw increased depreciation and amortisation, mainly due to the start of depreciating the assets at the Los Pelambres Phase 1 Expansi...
1 month ago
German wholesale price deflation slows to 13-month low
The producer price index fell at a year-on-year rate of 0.8% last month, according to data released by the Federal Statistical Office on Tuesday. While this was the 13th consecutive month of falling prices, the deflation rate halved from the previous mont...
1 month ago
Europe open: Stocks extend win streak as Sweden cuts rates
US stocks performed well overnight, with the S&P 500 and Nasdaq both registering their eighth day of gains – the longest win streak this year – amid rising expectations that the Federal Reserve will move to cut interest rates next month.Back in Europe...
1 month ago
RBC hails "underappreciated" growth potential at Serco
In an in-depth research report published on Tuesday, RBC highlighted Serco's "robust drivers" across and diverse business mix, where addressable markets remain large with "significant room for growth"."Top down drivers remain strong given high public debt...
1 month ago
Eurozone CPI inflation unchanged for third straight month
The core harmonised index of consumer prices came in at 2.9% year-on-year last month, in line with preliminary data released two weeks ago and matching the inflation rate of both May and June.July's figure tied the second-lowest reading for core inflation...
1 month ago
Eurozone construction output growth hits 17-month high
Output increased by 1.7% over the month of June, following a 0.9% drop in May and 0.3% monthly declines in both April and March.This was the highest rate of growth since January 2023, helped by a big increase in building construction (+1.8%), civil engine...
1 month ago
FTSE 250 movers: Ocado, financial stocks pull mid-tier index lower
Ocado was down 4% as shares continued to feel some selling pressure. The stock, which is down 50% on last year on the back of an underwhelming rollout of its robot-operated warehouses, had received a little boost in mid-July after the online grocer raised...
1 month ago