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Pound Climbs As U.K. Treasury Delays Budget Plan
The pound appreciated against its most major counterparts in European deals on Wednesday, as the U.K. treasury has postponed an eagerly awaited budget plan to November 17 in order to restore economic credibility, after the mini-budget rattled the bond market.
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Target Expands Collaboration With Apple To Triple Apple At Target Locations
Target Corp. (TGT) announced Wednesday an expanded collaboration with Apple, Inc. (AAPL), more than tripling its Apple at Target locations to 150, giving even more guests a one-stop-shop for Apple products and accessories just in time for the holidays.
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Brink's Maintains Mid-point Of FY22 Outlook; Q3 Adj. EPS Tops Estimates
While reporting financial results for the third quarter on Wednesday, The Brink's Co. (BCO) maintained its mid-point of adjusted earnings and revenue guidance for the full-year 2021.
For fiscal 2022, the company now projects earnings from continuing operations of about $3.83 per share and adjusted earnings from continuing operations of about $5.75 per share on revenues of about $4.52 billion.
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Bay Street Seen Opening Higher; BoC Rate Decision In Focus
Canadian shares are expected to open higher on Wednesday, tracking firm commodity prices. The focus will be on the Bank of India's interest rate decision, due at 10 AM ET.
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Eurozone Bank Lending To Businesses Rise Most Since 2009
Eurozone bank lending to businesses increased in September at the fastest pace since early 2009, data published by the European Central Bank showed on Wednesday. Loans to businesses grew at a pace of 8.9 percent annually, slightly faster than August's 8.8 percent rise. This was the biggest increase since January 2009, when lending grew 9.2 percent.
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Amphenol Guides FY22 Above Estimates; Boosts Dividend 5% - Update
While reporting financial results for the third quarter on Wednesday, Amphenol Corp. (APH) provided its adjusted earnings and sales guidance for the fourth quarter and full-year 2022.
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Boeing Q3 Loss Sharply Widens; Results Misses Estimates
Boeing Co. on Wednesday reported a loss for the third quarter that sharply widened from last year, reflecting higher commercial volume and losses on fixed-price defense development programs. Both core loss per share and quarterly revenues came in well below analysts' expectations.
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Bed Bath & Beyond Appoints Sue Gove As New President And CEO
Bed Bath & Beyond, Inc. (BBBY) announced Wednesday the appointment of Sue Gove as President & Chief Executive Officer. Gove has served as Interim CEO since June 2022.
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Masco Slashes FY22 Adj. EPS Outlook As Q3 Results Miss Estimates - Update
While reporting financial results for the third quarter on Wednesday, Masco Corp. (MAS) lowered its adjusted earnings guidance for the full-year 2022 to a range of $3.70 to $3.80 per share from the prior forecast range of $4.15 to $4.25 per share.
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Avery Dennison Trims FY22 Adj. EPS Outlook - Update
While reporting financial results for the third quarter on Wednesday, materials science company Avery Dennison Corp. (AVY) trimmed its adjusted earnings outlook for the full-year 2022.
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French Consumer Confidence Rebounds Unexpectedly
France's consumer confidence improved unexpectedly in October, after weakening slightly in the previous month as households were less pessimistic regarding an improvement in the cost of living in the next months, survey results from the statistical office Insee showed on Wednesday.
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Oriental Education Sees Q2 Revenues Above Estimates - Update
While reporting financial results for the first quarter on Wednesday, Oriental Education & Technology Group Inc. (EDU) said it expects total net revenues in the second quarter to be in the range of $601.4 million to $619.2 million, representing year-over-year decline in the range of 9 to 6 percent.
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European Shares Slip Amid Earnings Deluge
European stocks were broadly lower in choppy trade on Wednesday, as earnings proved to be a mixed bag and investors braced for the ECB rate decision on Thursday.
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