FTSE 100 Modestly Higher On Fed Rate Cut Hopes

RTTNews | 26 days ago
FTSE 100 Modestly Higher On Fed Rate Cut Hopes

(RTTNews) - U.K. stocks were seeing modest gains on Wednesday amid hopes that the U.S. Federal Reserve is on track to start cutting interest rates later this year.

The benchmark FTSE 100 was up 29 points, or 0.3 percent, at 8,457 after closing 0.2 percent higher on Tuesday.

Credit data firm Experian soared nearly 8 percent after it forecast annual organic revenue growth of between 6 percent and 8 percent for fiscal year 2025.

Drinks company Britvic surged 11 percent after posting a jump in interim profit and revenue and announcing a £75m share buyback.

Engineering group Hunting soared 23 percent on news of a new order win worth $145 million from the Kuwait Oil Company.

Telecom group Vodafone advanced 4.6 percent after launching a €500 million share buyback program.

read more
European Stocks Close Lower As Political Concerns Weigh

European Stocks Close Lower As Political Concerns Weigh

European stocks closed lower on Monday, weighed down by political concerns after French President Emmanuel Macron called for snap legislative elections later in June after the European Union elections showed a broader shift towards right-wing and far-right parties.
RTTNews | 4h 18min ago
Canadian Market Slightly Higher In Cautious Trade

Canadian Market Slightly Higher In Cautious Trade

Energy, technology and materials stocks are finding some support in the Canadian market, where the mood remains quite cautious Monday morning as investors look ahead to crucial U.S. consumer price inflation data and the Federal Reserve's monetary policy announcement this week.
RTTNews | 4h 57min ago
BioSig Technologies Announces Appointment Of Ferdinand Groenewald As Interim CFO

BioSig Technologies Announces Appointment Of Ferdinand Groenewald As Interim CFO

Medical technology company BioSig Technologies, Inc. (BSGM) announced Monday the appointment of Ferdinand Groenewald to the position of interim Chief Financial Officer. Groenewald is a certified public accountant with significant experience in finance and accounting. He currently serves as Vice President, Finance at Alaunos Therapeutics, Inc.
RTTNews | 6h 43min ago
Neogen Says USDA FSIS Selects Neogen MDS As Primary Method To Detect Salmonella, Listeria

Neogen Says USDA FSIS Selects Neogen MDS As Primary Method To Detect Salmonella, Listeria

Neogen Corp. (NEOG), a provider of food safety solutions, announced Monday that the U.S. Department of Agriculture Food Safety and Inspection Service (USDA FSIS) has named the Neogen Molecular Detection System (MDS) as its primary method to be used for the detection of Salmonella and Listeria monocytogenes testing for meat, poultry and egg products.
RTTNews | 7h 17min ago
HF Foods Reaches $3.9 Mln Settlement Agreement With SEC

HF Foods Reaches $3.9 Mln Settlement Agreement With SEC

Food distributor HF Foods Group Inc. (HFFG) announced Monday the final resolution of the previously disclosed formal, non-public investigation by the staff of the U.S. Securities and Exchange Commission into allegations that the Company and/or its former executives violated United States securities laws. The Company agreed to payment of a civil monetary penalty of $3.9 million.
RTTNews | 7h 43min ago
Bay Street Likely To Open With Slightly Negative Bias

Bay Street Likely To Open With Slightly Negative Bias

Canadian shares may open with a negative bias Monday morning, tracking weak European stocks and lower bullion prices. With the Federal Reserve's monetary policy announcement, and crucial U.S. consumer price inflation data due later in the week, the mood is likely to remain cautious.
RTTNews | 8h 45min ago