Dow and Nasdaq 100 Find Support While Nikkei 225 Tiptoes Lower
Indices wobbled on Monday, but US futures are pointing towards a stronger open.
Flutter Expects 30 Jump in 2024 Earnings as US Growth Takes Off
DUBLIN, March 26 Reuters Online betting giant Flutter expects its core profit to jump by around 30 this year thanks to a fourfold increase at its fastgrowing and market leading U.S. brand Fanduel, the world39;s largest online betting company said on Tuesday. Flutter expects U.S. core profit of 635 million to 785 million versus last year39;s […]
Frances Atos Seeks Debt Restructuring Plan by July after Record Losses
March 26 Reuters French IT consulting firm Atos is aiming to restructure its debt by July, the group said on Tuesday, after posting record annual losses as uncertainty looms of the group39;s future. We are also in discussions with our financial creditors with a view to reaching a refinancing plan by July within the framework of […]
UKs ASOS Posts 18 Drop in FirstHalf Sales
LONDON, March 26 Reuters Online fashion retailer ASOS posted an 18 drop in sales in its first half, but said it was on track to meet guidance for sales to decline by 515 over the fullyear, as its plan to revive the business takes shape. Since the pandemic the British company has struggled to grow and […]
Fevertrees Annual Profit Meets Estimates on Strong US Performance
March 26 Reuters British tonic maker Fevertree Drinks posted an annual profit in line with estimates, buoyed by a robust performance of its U.S. market and increased regional production to offset inflationary pressures due to elevated glassmaking costs. The company, which was founded in 2003, had struggled with rising glass costs in Britain due to energy […]
Ocado Retail Sales Rise as Sharper Prices Win more Customers
Q1 revenue up 10.6 Active customers up 6.4 to 1.02 million Average selling price up 2.2 Ocado and MS wrangling over final payment LONDON, March 26 Reuters British online supermarket Ocado Retail kept its guidance for the year as it reported a 10.6 increase in firstquarter revenue reflecting growth in customer numbers. The 5050 joint […]
US new Home Sales Fall; Median Price Lowest in more than 212 Years
New home sales slip 0.3 in February; up 5.9 yearonyear Median new home price drops 7.6 from year ago WASHINGTON, March 25 Reuters Sales of new U.S. singlefamily homes unexpectedly fell in February after mortgage rates increased during the month, but the underlying trend remained strong amid a chronic shortage of previously owned houses on […]
US Dollar Technical Analysis: EUR/USD & GBP/USD Rebound, USD/JPY Flat
This article provides an in-depth analysis of the outlook for EUR/USD, GBP/USD and USD/JPY, exploring price action dynamics and several technical scenarios that could unfold in the days ahead.
United Airlines Shares Fall after US FAA Increases Oversight
March 25 Reuters Shares of United Airlines fell about 5 in premarket trade on Monday after the U.S. Federal Aviation Administration39;s FAA move to increase its oversight of the carrier after a series of recent safety incidents. Last week, the FAA said it would initiate a formal evaluation to ensure the Chicagobased airline was complying with safety regulations. […]
Luxury EV Maker Lucid to Raise 1B from Saudis PIF Affiliate
March 25 Reuters Lucid is raising 1 billion in capital from an affiliate of Saudi Arabia39;s Public Investment Fund PIF, it said on Monday, sending the shares of the luxury electric carmaker up 18 before the bell. The latest investment by the sovereign wealth fund underscores a key advantage Lucid has in the race for survival […]