FTSE 100 Declines As Retail Sales Growth Slows
(RTTNews) - U.K. stocks declined on Tuesday after data from the British Retail Consortium showed British retail sales growth slowed to a seven-month low in May as a result of rising food costs.
The benchmark FTSE 100 was down 39 points, or half a percent, at 7,561 after finishing marginally lower on Monday.
N Brown Group plunged 15 percent after it swung to a pre-tax loss in the fiscal 2023 in a "challenging" market.
Paragon Banking Group surged 8.5 percent after upgrading its FY23 guidance and launching a second 50.0-million-pound ($62.2 million) share buyback program for the year.
British American Tobacco edged down slightly despite backing its annual outlook. Primark owner Associated British Foods was also moving lower after it agreed to buy dairy technology firm National Milk Records for £48m.
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Apple Working On Its Own AI Chip For Data Centers: WSJ
iPhone maker Apple is said to be working on designing and producing its own Artificial Intelligence-powered chips to run AI software on servers at its data centers, according to a Wall Street Journal report on Tuesday. The company, known for its iPhones, iPads, and Macs, is reportedly working with Taiwan Semiconductor Manufacturing Co. or TSMC, on this project code named as "ACDC"
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4g 45 minut temu
Surgery Partners Boosts FY24 Outlook - Update
While reporting financial results for the first quarter on Tuesday, surgical facility owner Surgery Partners, Inc. (SGRY) raised its revenue and adjusted EBITDA guidance for the full-year 2024.
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5g 56 minut temu
German Exports Rebound; Industrial Orders Data Disappoint
Germany's exports rebounded at a faster-than-expected pace in March, while industrial orders declined unexpectedly on weak domestic demand, pouring cold water on hopes of better economic recovery. Exports gained 0.9 percent on a monthly basis, reversing a 1.6 percent fall in February, which was revised from a 0.2 percent gain reported initially, Destatis said Tuesday. Shipments were forecast to
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6g 4 minut temu
WEX Extends Agreement With Shell To Manage Commercial Fleet Cards Portfolio Across North America
Commerce platform WEX, Inc. (WEX) announced Tuesday that it has reached an agreement with Shell plc (SHEL) to manage Shell's portfolio of commercial fleet cards across North America, offering customers a full range of features, functionality, and solutions to meet the everyday demands of a modern commercial fleet.
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6g 15 minut temu
ScanSource Q3 Results Miss Estimates; Trims FY24 Sales Outlook
Technology company ScanSource, Inc. (SCSC) reported Tuesday that net earnings for the third quarter decreased to $12.81 million or $0.50 per share from $21.22 million or $0.83 per share in the prior-year quarter. Excluding items, adjusted earnings were $0.69 per share, compared to $0.96 per share in the year-ago quarter.
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6g 27 minut temu
Bay Street Likely To Open On Mixed Note
Canadian shares are likely to open on a mixed note Tuesday morning with investors reacting to a slew of earnings updates, and tracking slightly weaker commodity prices.
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6g 39 minut temu
Power Integrations To Acquire Assets Of Odyssey Semiconductor For Undisclosed Terms
Power Integrations, Inc. (POWI) announced Tuesday an agreement to acquire the assets of Odyssey Semiconductor Technologies, a developer of vertical gallium-nitride (GaN) transistor technology.
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6g 42 minut temu
JetBlue, Etihad Airways Add Loyalty Benefits As Part Of Long-standing Codeshare Partnership
JetBlue Airways Corp. (JBLU), New York's Hometown Airline, and Etihad Airways, the national airline of the United Arab Emirates, announced Tuesday the addition of loyalty benefits starting May 8, 2024, as part of its long-standing codeshare partnership.
Under the partnership, members of JetBlue's TrueBlue loyalty program and members of Etihad Guest, the loyalty program of Etihad Airways, will now be able to earn and redeem points in the program of their choice when flying across the network of either airline.
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6g 51 minut temu
