|Bid||8,750.00 x 0|
|Ask||8,810.00 x 0|
|Day's range||8,700.00 - 9,000.00|
|52-week range||6,250.00 - 11,100.00|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
U.S. crude rose on Wednesday, shrugging off data showing rising domestic fuel inventories and production, and both U.S. crude and Brent held within sight of three-year highs reached the previous day. A rise in U.S. government borrowing costs to their highest since 2013 this week has tempered some investor appetite for risk, but analysts said Brent crude futures, the global benchmark, may yet rise toward new 2018 peaks above $75 a barrel. Brent was down just 26 cents at $73.60 by 10:55 EDT (1555 GMT), just 2 percent below the November 2014 high of $75.47 reached on Tuesday.
LONDON/NEW YORK, April 24 (Reuters) - London-listed drugmaker Shire Plc said on Tuesday it was willing to recommend to its shareholders a deal with Takeda Pharmaceutical Co, after the Japanese company sweetened its acquisition offer to 46 billion pounds ($64 billion). The development, first reported by Reuters earlier on Tuesday, represents a major breakthrough for the companies in their negotiations, following a pursuit that started on March 28 when Takeda said it was considering a bid for Shire. Shire said in a statement it had agreed to extend a Wednesday regulatory deadline for the deal talks to conclude to May 8 in order to allow Takeda to carry out more due diligence and firm up its bid.
U.S. consumer confidence rebounded in April and new home sales increased more than expected in March, pointing to underlying strength in the economy despite signs that growth slowed in the first quarter. Strong consumer confidence and rising house prices should underpin consumer spending, which appears to have braked sharply at the start of the year. The Conference Board said its consumer confidence index increased to a reading of 128.7 this month from a downwardly revised 127.0 in March.
Rent arrears, evictions and food bank use are soaring in areas where Universal Credit has been rolled out, new figures have revealed. The raft of figures sheds new light on the impact of the Government's ...
Oil prices rebounded from an early slide to finish higher and strengthen further in post-settlement trade, as investors feared U.S. sanctions could dampen Iran's output. "It's tweet by tweet," ...
Culture Secretary Matt Hancock is to consider intervening in Trinity Mirror (Frankfurt: 885738 - news) 's £126.7m deal to buy newspapers including the Daily Express and Daily Star. Mr Hancock said in a statement that he was "minded" to issue a public interest intervention notice after the merger was brought to his attention by the Competition and Markets Authority (CMA). The deal , completed last month, gave Trinity Mirror control of the Star and the Express (Frankfurt: 02Z.F - news) 's daily and Sunday titles as well as celebrity magazines OK!, New (KOSDAQ: 160550.KQ - news) ! and Star.
The U.S. dollar rallied to a seven-week high on Monday as investors bought the greenback on the rise in the 10-year U.S. Treasury yield toward the psychologically important 3 percent level, leaving the euro and yen lower. U.S. Treasury Secretary Steven Mnuchin said on Saturday (Shenzhen: 002291.SZ - news) he may travel to China, a move that could ease trade tensions between the world's two largest economies.
Capita (LSE: CPI.L - news) is raising 700 million pounds ($980 million) from investors to stop the rot at an outsourcing company that Chief Executive Jon Lewis said had failed to adequately control costs, had grown unwieldy through acquisitions and had too much debt. The cash should give the British company breathing space in a tough market, which saw Carillion (Frankfurt: 924047 - news) collapse under the weight of poorly performing contracts and debt in January. Capita, like Carillion, is one of a number of British service companies to have run into problems by chasing contracts on slim margins.
The U.S. dollar rallied to a seven-week high on Monday after a rise in the 10-year U.S. Treasury yield to within a whisker of the psychologically important 3-percent level prompted buying of the greenback, leaving the euro and yen sharply lower. Rising U.S. bond yields have not always fed through to a higher dollar in 2018 as U.S. political uncertainty and geopolitical tensions have sometimes caused a breakdown between interest rates and currency performance.
IHS Markit's composite flash Purchasing Managers' Index (PMI) for the euro zone, seen as a good guide to overall economic health, held steady in April at March's 14-month low of 55.2, defying a Reuters poll forecast for a fall to 54.9. "This suggests that the strength of the euro, a possible fading boost from ECB policy, and concerns about protectionism have not done serious damage to the economy," noted Jack Allen at Capital Economics. The European Central Bank will end its asset purchase programme this year and hike interest rates in 2019, a Reuters poll found this month, although policymakers may be concerned to see inflationary pressures easing alongside weakening growth.
Nissan is set to cut hundreds of jobs at its plant in Sunderland because of a fall in demand for diesel-powered cars. A spokesman would not confirm how many jobs would be affected but Sky News understands that reports that they are in the hundreds are correct. Nissan is "transitioning to a new range of powertrains over the next year", it added, saying the move was "not related to Brexit".
World stocks dipped on Friday as worries about a global slowdown in smartphone demand dented the technology sector, while oil prices dipped and then recovered after U.S. President Donald Trump sent them lower with a tweet criticizing OPEC. "Looks like OPEC is at it again," Trump tweeted, saying oil prices were "artificially Very High! No good and will not be accepted!" Crude futures dipped after the tweet, but recovered and settled slightly higher, set for a second straight week of gains.
Bank of Ireland (EUREX: 1269463.EX - news) 's net loan book grew slightly in the first quarter following years of repayments and redemptions exceeding improving new lending, as it reported strong demand for credit in the first three months. The bank, which has led a return to profit across the sector in recent years following a banking crash a decade ago, had said it expected to see net loan book growth in 2018, helping boost its margins later in the year. New (KOSDAQ: 160550.KQ - news) lending volumes exceeded redemptions by 0.1 billion euros, it said, leaving its loan book at 76 billion euros at the end of March.
Wall Street stocks fell on a broad-based slump in technology stocks and a tumble in consumer staples on Thursday, while oil prices softened and other commodities went on a wild ride. Rising U.S. Treasury yields widened the curve slightly after nine days of flattening, and supported a stronger dollar.
The gap (Frankfurt: 863533 - news) between short-dated U.S. and German borrowing costs reached its widest in almost three decades on Wednesday, reflecting a growing divergence in interest rate outlooks for the U.S. and European central banks. New (KOSDAQ: 160550.KQ - news) signs of subdued inflationary pressure in the euro zone bolstered expectations of a cautious stance from the European Central Bank. Euro zone inflation rose 1.3 percent in March, compared with the same period last year, down from a previous estimate of 1.4 percent, data showed.
The collapse of construction firm Carillion (Frankfurt: 924047 - news) and other problems in the British market contributed to a 20 percent drop in outsourcing contracts in Europe in the first three months of 2018, a report published on Wednesday showed. Research firm Information Services Group (ISG (LSE: 3366.L - news) ), which tracks the outsourcing market, said the value of outsourcing contracts in Europe fell to 3 billion euros ($3.7 billion) in the first quarter. Companies' preparation for new privacy rules under the European Union General Data Protection Regulation was another factor behind the slump in contracts.
Princess Diana would approve of her son Prince Harry's marriage to U.S. actress Meghan Markle, according to author Andrew Morton whose famous biography of the late royal caused uproar in Britain some 25 years ago. Like Diana's union to heir-to the-throne Prince Charles in 1981, Markle and Harry's wedding next month has captivated the world's media and drawn inevitable comparisons between the two.
Wall Street added to gains on Monday while oil and government bond prices fell on the view that this weekend's U.S.-led missile strikes on Syria were unlikely to mark the start of a broader conflict. The pan-European FTSEurofirst 300 index lost 0.46 percent.
Oil prices rose on Friday, headed for their largest weekly gain since July on support from concerns about geopolitical risk after and reports of dwindling global oil stocks. The prospect of Western military action in Syria that could lead to confrontation with Russia hung over the Middle East but there was no clear sign that a U.S.-led attack was imminent. Traders sought to lock in long crude positions ahead of the weekend, said John Kilduff, Partner at hedge fund Again Capital Management.
Wall Street led stocks higher globally on Thursday, more than offsetting declines in Asia, as an expected strong earnings season took front seat after U.S. President Donald Trump cast doubt over the timing ...
Oil prices held steady on Thursday, remaining close to highs last reached in late 2014 on tensions over Syria and shrinking global oil inventories. Brent crude futures settled at $72.02 a barrel, down ...
Wall Street led stocks higher globally on Thursday, more than offsetting declines in Asia, as an expected strong earnings season took front seat after U.S. President Donald Trump cast doubt over the timing of his threatened strike on Syria. The risk of clashes between Western powers and Russia in Syria over an alleged chemical attack eased somewhat as Trump reworded his Wednesday threat that missiles "will be coming" while taunting Russia for supporting Syrian President Bashar al-Assad. Investors turned their focus to corporate earnings as BlackRock (Sao Paolo: BLAK34.SA - news) , the world's largest asset manager, reported quarterly profit above Wall Street estimates.
New (KOSDAQ: 160550.KQ - news) applications for U.S. unemployment benefits fell last week, pointing to sustained labor market strength despite a sharp slowdown in job growth in March. While other data on Thursday showed import prices were flat in March amid a sharp drop in the cost of petroleum products, underlying imported inflation pressures are steadily rising. This together with a tightening labor market strengthens expectations inflation will gain steam this year.
Diageo (LSE: DGE.L - news) 's East African Breweries (EABL) will start producing Captain Morgan rum locally as part of wider investment in its spirit business in response to growing demand. Its investment includes funding for a 20,000 bottles per hour distillery line that will double production at its plant on the outskirts of Nairobi. The international brand Captain Morgan will be manufactured locally to cut costs and make high-end offerings more widely accessible to domestic consumers.
Holidays booked online will soon have better legal protection if something goes wrong, as the gap is closed between online trips and package deals. New (KOSDAQ: 160550.KQ - news) measures coming into force in July will put more types of holidays under the protection of consumer rules. According to the travel industry body Abta, half of holidays are not financially protected if a company fails.