Market updates

UK M&A Activity Surges, Ranking Third Globally
September 27, 2024 06:16 PM AEST| By Team Kalkine MediaHighlights:,UK M&A activity reaches $137.1 billion,: The UK ranks third globally, with a 54% year-on-year increase in deal value.,Foreign buyers drive deals,: Overseas firms contributed 72% of total deal value, marking the highest share in three year...

London Stocks Set to Open Higher Ahead of Key US Inflation Data
September 27, 2024 05:16 PM AEST| By Team Kalkine MediaHighlights:,FTSE 100 set for a positive open,: London markets are expected to open higher, tracking gains from Wall Street and ahead of key US inflation data.,Cranswick expects results at the higher end,: Strong first-half performance drives confiden...

European Shares Climb on Chinese Stimulus Hopes, Near Record Highs
September 27, 2024 05:16 PM AEST| By Team Kalkine MediaHighlights:,European stocks rise,: Stoxx 600 edges closer to record high amid optimism over Chinese stimulus.,Chinese central bank cuts rates,: Measures aim to support China’s economy and boost consumer confidence.,Moncler and LVMH partnership,: Luxu...

London Market Roundup: Diageo Gains Amid Cautious Update, H&M Sees Revenue Dip
September 27, 2024 12:38 AM AEST| By Team Kalkine MediaHighlights:,Diageo (LSE:DGE) gains despite cautious update:,The spirits giant noted industry challenges but ended the day in positive territory.,Halma (LSE:HLMA) resilient despite currency headwinds:,Strong organic growth and steady EBIT guidance bol...

Ceres Power's Upcoming Update Unlikely to Surprise; Focus on Cash Runway
September 27, 2024 12:38 AM AEST| By Team Kalkine MediaHighlights:,Limited changes expected from Ceres Power (LSE:CWR),: UBS anticipates the upcoming update will largely reiterate the July guidance.,Focus on cash runway,: Analysts seek clarity on Ceres’ cash position and progress toward EBITDA breakeven...

London Markets End on a Positive Note Amid US Jobless Claims and Chinese Support Measures
September 27, 2024 12:38 AM AEST| By Team Kalkine MediaHighlights:,London markets close positively,: FTSE 100 rises 0.2% and FTSE 250 increases 1.23%, bolstered by US jobless claims and Chinese support measures.,US jobless claims drop,: Initial claims fall to a four-month low, reflecting a strengthening...

UK Consumer Confidence Slumps in September Ahead of Budget
September 26, 2024 10:09 PM AEST| By Team Kalkine MediaHighlights:,Sharp Decline in Consumer Sentiment,: Personal financial expectations fell from +1 to -6, while economic confidence dropped to -21 from -8.,Slight Retail Spending Improvement,: Personal spending on retail saw a marginal improvement, but o...

UK Civil Aviation Authority Unveils Roadmap for Expanding Drone Technology
September 26, 2024 09:33 PM AEST| By Team Kalkine MediaHighlights:,CAA Roadmap for Drone Integration: The CAA has outlined plans for expanding drone technology in the UK, targeting routine BVLOS operations by 2027.,Focus on Essential Services: Drones will be used for transporting chemotherapy drugs, deli...

Can This European CEO Revive the American Maker of Jeeps and Rams?
September 26, 2024 11:00 AM AEST| By EODHDCarlos Tavares is facing pressure to revive drooping sales at Stellantis amid angst from dealers, workers and investors. Continue reading View comments

Samsung adds Hive smart thermostat control to SmartThings home hub app
September 26, 2024 09:01 AM AEST| By EODHDHive smart thermostat users will be able to control their devices from within Samsung’s SmartThings smart home app as part of an update to an ongoing link-up between the tech firm and British Gas. As...

Spirit to begin furloughs in 3 weeks if strike at Boeing continues, FT reports
September 26, 2024 08:29 AM AEST| By EODHD(Reuters) - Spirit Aerosystems will begin furloughs in three weeks if a strike at its biggest customer Boeing continues, the Financial Times reported on Wednesday. (Reporting by Bhanvi Satija in Benga...

Wall Street just got another sign that dealmaking is on its way back
September 26, 2024 07:51 AM AEST| By EODHDWall Street just got a new sign that dealmaking is making a comeback. Jefferies Financial Group (JEF) reported third-quarter results Wednesday afternoon that showed investment banking fees were up 47%...

Pfizer withdraws sickle cell disease treatment on risk of complication, death
September 26, 2024 07:17 AM AEST| By EODHD(Reuters) - U.S. drugmaker Pfizer said on Wednesday it would voluntarily withdraw its therapy Oxbryta, used for the treatment of sickle cell disease, in all markets where it is approved. Pfizer said i...

Pfizer Voluntarily Withdraws All Lots of Sickle Cell Disease Treatment OXBRYTA® (voxelotor) From Worldwide Markets
September 26, 2024 07:00 AM AEST| By EODHDNEW YORK, September 25, 2024--(BUSINESS WIRE)--Pfizer Inc. (NYSE: PFE) announced today that it is voluntarily withdrawing all lots of OXBRYTA® (voxelotor) for the treatment of sickle cell disease (SCD...

Travel + Leisure Co. to Report Third Quarter 2024 Financial Results on October 23, 2024
September 26, 2024 06:30 AM AEST| By EODHDORLANDO, Fla., September 25, 2024--(BUSINESS WIRE)--Travel + Leisure Co. (NYSE:TNL) announced today it will release third quarter 2024 financial results on Wednesday, October 23, 2024, before the mark...

Alphabet, Goldman Sachs and others to settle charges over late filings, SEC says
September 26, 2024 06:20 AM AEST| By EODHDAlphabet , Goldman Sachs and a group of other firms agreed to pay a combined $3.8 million in penalties to settle U.S. Securities and Exchange Commission charges over late filings, the regulator said o...

Crown Castle Announces Third Quarter 2024 Earnings Conference Call Details
September 26, 2024 06:15 AM AEST| By EODHDCrown Castle Inc. HOUSTON, Sept. 25, 2024 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE: CCI) ("Crown Castle") plans to release its third quarter 2024 results on Wednesday, October 16, 2024, after the m...

Health Canada Grants Marketing Authorization of First CRISPR/Cas9 Gene-Edited Therapy, CASGEVY® (Exagamglogene Autotemcel), for the Treatment of Sickle Cell Disease and Transfusion-Dependent Beta Thalassemia
September 26, 2024 05:50 AM AEST| By EODHD– First regulatory authorization of a CRISPR-based gene-editing therapy in Canada – TORONTO, Sept. 25, 2024 /CNW/ - Vertex Pharmaceuticals Incorporated (Nasdaq: VRTX) today announced Health Canada has...

Google Grapples With Search Concerns, Possible Loss of Apple Exclusivity, Oppenheimer Says
September 26, 2024 05:44 AM AEST| By EODHDGoogle Grapples With Search Concerns, Possible Loss of Apple Exclusivity, Oppenheimer Says

OpenAI's technology chief Mira Murati to leave
September 26, 2024 05:42 AM AEST| By EODHD(Reuters) - Microsoft-backed OpenAI's Chief Technology Officer Mira Murati will leave the AI firm, the executive said in a post on X. (Reporting by Harshita Mary Varghese in Bengaluru; Editing by Shou...
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