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General Mills Cuts FY25 View Despite Q2 Above Market; Stock Drops

General Mills Cuts FY25 View Despite Q2 Above Market; Stock Drops

Shares of General Mills, Inc. were losing around 6 percent in the pre-market activity on the NYSE after the branded food company on Wednesday trimmed its fiscal 2025 earnings view, and said it sees net sales at the lower end of estimate range, citing increased promotional investment. This was despite reporting higher second-quarter profit and revenues, above market estimates.
RTTNews | Před 253 dny
Bay Street May Open On Positive Note

Bay Street May Open On Positive Note

Canadian shares are likely to open higher on Wednesday, tracking firm crude oil and marginally higher gold prices. The focus is on the Federal Reserve's interest rate decision due later in the day.
RTTNews | Před 253 dny
UK Inflation Highest In 8 Months

UK Inflation Highest In 8 Months

UK consumer price inflation accelerated to an eight-month high in November, reinforcing the chances of the Bank of England deciding to keep the interest rate unchanged on Thursday. The consumer price index rose 2.6 percent year-on-year following a 2.3 percent gain in October, the Office for National Statistics reported Wednesday.
RTTNews | Před 253 dny
Pound Falls Against Majors

Pound Falls Against Majors

The British pound weakened against other major currencies in the European session on Wednesday.
RTTNews | Před 253 dny
Eurozone Inflation Rises Less Than Estimate

Eurozone Inflation Rises Less Than Estimate

Eurozone inflation grew at a slightly slower than initially estimated pace in November, revised data published by Eurostat showed on Wednesday. The harmonized index of consumer prices rose 2.2 percent year-on-year in November, following a 2.0 percent increase in October. The rate was revised down from 2.3 percent.
RTTNews | Před 253 dny
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Commodity Currency's Slide As Oil Prices Drop, Fed Policy Announcement

Commodity Currency's Slide As Oil Prices Drop, Fed Policy Announcement

The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Wednesday, as the crude oil prices fell amid concerns about the outlook for global demand, and possible excess supply in the market next year.
RTTNews | Před 253 dny
FTSE 100 Edges Higher After Inflation Data

FTSE 100 Edges Higher After Inflation Data

U.K. stocks edged higher on Wednesday and the pound sterling held steady despite new data showing that U.K. inflation rose to an eight-month high in November.
RTTNews | Před 253 dny

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