|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||7.11 - 7.11|
|52-week range||5.57 - 9.08|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be...
The government defeated a rebellion in parliament by lawmakers in the ruling Conservative Party over the role of Chinese technology company Huawei in the development of Britain's 5G networks. Rebel Conservative lawmakers had proposed a change to the Telecommunications Infrastructure Bill, which would have required Huawei to have been eliminated from the country's 5G networks by Dec. 31 2022. Parliament rejected the amendment, with the government winning the vote by 306 to 282.
Britain's digital minister Oliver Dowden said on Tuesday the government was not in a position to set out a specific date to strip out "high-risk" vendors, such as China's Huawei, from its future 5G network but would give lawmakers a say over new laws. Dowden was trying to ease concerns among a group of Conservative lawmakers, who have threatened to rebel against the government over Prime Minister Boris Johnson's decision to allow Huawei a role in building the country's 5G network, unless ministers commit to an end date. "We're not in a position today to set out a specific date or timetable for reaching no high-risk vendors, that would require a new decision to be taken by the National Security Council," he told parliament.
Members of the U.S. Congress on Wednesday took another step to try to prod Britain to reverse its decision to allow China's Huawei Technologies Co to build portions of the UK's next generation 5G networks. Republican senators Tom Cotton, Ted Cruz, Josh Hawley and Marco Rubio proposed legislation requiring the Committee on Foreign Investment in the United States to review Britain's place on the foreign investment "whitelist," which exempts some Australian, Canadian and UK companies from increased U.S. scrutiny of their foreign investments.
Lawmakers from Chancellor Angela Merkel's conservative party are set on Tuesday to back a strategy paper that stops short of banning China's Huawei from taking part in the rollout of Germany's 5G network. The move would rebuff U.S. President Donald Trump's calls on Washington's allies to bar the Chinese telecoms giant from next-generation networks after Britain stopped short of an outright ban and the European Union backed a rules-based approach. Leading Christian Democrat lawmakers signed off on the four-page paper on Monday evening after weeks of wrangling with hardliners who sympathise with U.S. warnings that Huawei's gear is not safe and it is beholden to Beijing.
You can share your thoughts with Thyagaraju Adinarayan (email@example.com), Joice Alves (firstname.lastname@example.org), Julien Ponthus (email@example.com) in London and Danilo Masoni (firstname.lastname@example.org) in Milan. Tidjane Thiam's exit as Credit Sussie's CEO has got a cold welcome from investors with the stock falling 3.5% as his exit is seen raising the risk of some friction between the bank's top shareholders and the board. One of them, Harris Associates, recently said ousting Thiam would be a "terrible mistake", arguing that the CEO, who managed the turnaround, should stay on.
Investors may wish to note that an insider of Telefonaktiebolaget LM Ericsson (publ), Peter Laurin, recently netted...
Ethiopia plans to award two telecoms licences to multinational mobile companies by April 2020, the new communications regulator said on Tuesday, an apparent delay in the timeline officials had previously set. Balcha Reba, director general of the Ethiopian Communications Authority, gave the date at a press conference. In June, Reuters reported that Ethiopia would issue the licences by the end of the year, quoting Ethiopian officials and telecoms executives with direct knowledge of the process.
* Ericsson rallies after results, Temenos tanks Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Danilo Masoni. "Interminably tedious" is how UBS's Paul Donvan has been describing the EU-UK divorce and indeed headlines on Brexit have been growing exponentially as of late, and more are to come as the deal out of Brussels now faces Parliament scrutiny.
European shares edged lower on Thursday, as strong earnings from Sweden's Ericsson were offset by fading optimism over the Brexit deal amid investor worries about its support in the British parliament. The pan-European STOXX 600 index closed down 0.1% after gaining as much as 0.9%, as investors initially cheered news that the European Union and Britain had clinched a deal on the terms of Britain's exit from the bloc.
* Ericsson rallies after results, Temenos tanks Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Danilo Masoni. Renewed concerns over whether we're going to have a Brexit deal this week are keeping investors on edge and unsurprisingly European shares are off to a subdued start. Ericsson is surging 6% to the top of the STOXX 600 after the telecoms equipment maker lifted its market forecast for this year and its sales target for 2020, saying demand for superfast 5G networks was taking off earlier than expected.
World markets have run into sand on Thursday, with sterling dropping about a half a cent after Northern Ireland’s DUP said it couldn’t yet support a Brexit deal that’s been thrashed out by UK and European Union negotiators before today’s EU summit. The text of the Brexit deal appeared to be ready to present to the summit before the DUP statement. Without DUP backing, UK PM Boris Johnson will struggle to get any agreement through parliament, which is due to sit on Saturday after the two-day summit.
* Earnings in focus: Ericsson, Nestle, Pernod Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Danilo Masoni. European shares are set to fall slightly as hopes of a Brexit deal at the two-day summit starting today in Brussels are more than offset by concerns that any accord won't have enough support in the UK Parliament.
* Earnings in focus: Nestle, Ericsson, Pernod Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Danilo Masoni. Growth also slowed for Pernod Ricard, which is being targeted by activist investor Elliott. Telecoms equipment maker Ericsson instead posted quarterly core earnings far ahead of market expectations and lifted its 2020 sales target citing a stronger market and currency effects.
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...
Government officials confirmed that Germany's so-called security catalogue foresaw an evaluation of technical and other criteria, but that no single vendor would be barred in order to create a level playing field for equipment vendors. The United States has piled pressure on its allies to shut out Huawei, the leading telecoms equipment vendor with a global market share of 28%, saying its gear contained 'back doors' that would enable China to spy on other countries. German operators are all customers of Huawei and have warned that banning the Chinese vendor would add years of delays and billions of dollars in costs to launching 5G networks.
A new German security rulebook will not exclude Chinese telecoms equipment maker Huawei Technologies from supplying gear for the country's 5G mobile networks, a senior government source said on Monday. The 'security catalogue', due to be published this week, will confirm Germany's decision to keep a level playing field for suppliers to next-generation telecoms networks, despite calls by the United States to ban Huawei. Operators had warned that banning Huawei could add years of delays and billions of dollars in costs to rolling out 5G networks in Germany that could power super-fast home broadband, connected factories or, one day, self-driving cars.
The comments came in a report prepared by EU member states on cybersecurity risks to next-generation 5G mobile networks seen as crucial to the bloc's competitiveness in an increasingly networked world. The authors chose to ignore calls by the United States to ban Huawei's equipment, drawing a welcome from the Shenzen-based company after it faced U.S. accusations that its gear could be used by China for spying.
FTSE down 0.8% * London midcaps hit lowest in more than 2 months as sterling falls * German industrial output rises unexpectedly in August * LSE drops after HKEX ditches takeover bid * Wall Street falls as mood sours ahead of China-U.S. trade talks Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Josephine Mason. Reach her on Messenger to share your thoughts on market moves: rm://email@example.com CLOSING SNAPSHOT: BREXIT, TRADE WAR, WHAT'S NOT TO LIKE? On the bright side, the rhetoric between the UK and the EU on a possible collapse in negotiations has somewhat helped the FTSE (-0.8) somewhat with a falling pound providing its usual hedge.
FTSE down 0.2% * London midcaps hit lowest in more than 2 months as sterling falls * German industrial output rises unexpectedly in August * LSE drops after HKEX ditches takeover bid * Wall Street falls as mood sours ahead of China-U.S. trade talks Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Josephine Mason. Dealers were almost unanimous in calling the budget carrier shares up before the opening bell after it forecast full-year profit would come in towards the top end of expectations, a rare piece of good news in the airline sector as it struggles with competition over fares and overcapacity in Europe.