This is the third consecutive quarter that the company came in ahead of analyst predictions. Chief executive officer (CEO) of the Cambridge-based pharmaceutical enterprise, Pascal Soriot, said: Our company continued its strong growth trajectory in the third quarter with Total Revenue from our non-COVID-19 medicines up 13% compared to last year. To boost its future…
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EUROPEAN SHARES European markets had a mixed opening on Tuesday after the biggest sell-off of the first trading session of a year since 2016. Despite vaccines being deployed, record virus numbers in many areas as well as full lockdowns in a few hotspots, like England, are denting this week’s market sentiment. While many traders keep…
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WHAT WILL DRIVE GOLD IN 2021? 2020 proved to be a positive year for gold with investors rushing to the long-established haven asset as the coronavirus pandemic triggered an economic and health crisis, but what are going to be the main market drivers for 2021? After the black swan event dominated 2020, the lingering effects…
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EUROPEAN SHARES European stocks edged slightly higher on Wednesday, boosted by easing UK-EU tensions, with transaction volumes falling as we get closer to the end of the year. Investors continue to drive stocks higher, aiming to offset and fill the bearish gap left open at the beginning of the week, while market sentiment has received…
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What to watch Cintas: Uniform and business supplies firm Cintas has added 28.6% to its share price year-to-date. While mass work from home has reduced demand for some of its services, it has led to a surge in demand for cleaning and disinfectant supplies. The firm delivers its latest set of quarterly earnings today, where…
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OIL The oil price was hit by the risk off seen on markets in the last 36 hours. Growing fears about the new UK variant of the coronavirus, generated a sell off on both European stocks and oil. For WTI we have a quite significant support zone between $46.50 and $47 per barrel, which triggered…
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What to watch Heico: Aerospace and technology firm Heico has added 16.6% to its share price year-to-date, taking its market cap to $16.9bn. The company reports earnings for the three months ended October 31 on Monday, after beating estimates in each of the past four quarters. Last week, the firm announced an increase in its…
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GOLD As markets scramble back to risk-off strategies, the gold price continues to rally. Bullion finished last week close to $1,900, pulled up by new stimulus from central banks and expectations for new measures in the upcoming months. News of the latest UK Covid variant has given further fuel to the precious metal recovery. From a…
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What to watch Nike: One of the earnings highlights of the week, sports apparel giant Nike will deliver its latest quarterly report on Friday after the market close in the US. The firm has added 39% to its share price in 2020, on the back of a strong online presence and Chinese market demand. Wall…
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What to watch Accenture: Technology consulting giant Accenture has gained 17.5% in 2020, taking its market cap past the $150bn mark, despite a muted environment for corporate IT spending, which makes up a substantial portion of the firm’s business. The firm delivers its latest set of quarterly earnings today, months after announcing its “Cloud First”…
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