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FTSE 100 Rebounds As BP Increases Share Buybacks
(RTTNews) - U.K. stocks advanced on Tuesday after BP Plc unveiled more share buybacks and announced plans to boost shareholder returns.
The benchmark FTSE 100 was up 50 points, or 0.7 percent, at 7,663, snapping a four-day losing streak.
Oil giant BP soared 5.8 percent after the oil giant reported its second-highest annual profit in more than decade and announced a $1.75bn share buyback.
Filtronic jumped around 6 percent. The maker of products for the aerospace, defines, telecom, and others projected revenue and profit to be ahead of market expectations for fiscal 2024 and fiscal 2025.
Banking group Virgin Money UK added 1.3 percent after delivering Q1 results in line with the guidance.
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Chicago Business Barometer Slumps Much More Than Expected In August
MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
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19 minutos atrás
U.S. Consumer Prices Increase In Line With Estimates In July
Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
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1h 2min atrás
German Unemployment Exceeds 3 Mln
Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1
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1h 32min atrás
U.S. PCE Price Index Increased In Line With Estimates In July
Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday.
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1h 44min atrás
Slightly Weak Start Seen For U.S. Stocks; PCE Data In Focus
Lower U.S. futures point to a slightly negative start on Wall Street Friday morning.
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2h 0min atrás
Lower Futures Pointing To Weak Start On Bay Street; Canadian GDP, US PCE Data In Focus
Lower Canadian and U.S. futures ahead of Canadian GDP data and U.S. personal consumption expenditure report, point to a weak start on Bay Street Friday morning.
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2h 38min atrás
Pound Slides Against Majors
The British pound weakened against other major currencies in the European session on Friday, weighed down to a large extent by the weakness in the financial sector, amid reports of likely imposition of windfall tax on banks.
RTTNews
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2h 46min atrás
FTSE 100 Weak Again, Looks Headed For Weekly Loss
U.K. stocks are trading lower on Friday, losing ground for a fourth straight session, weighed down to a large extent by the weakness in the financial sector, amid reports of likely imposition of windfall tax on banks.
RTTNews
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3h 18min atrás
