Based on Bloomberg data, the Stoxx Europe 600 Index was already 0.4% up when the clock struck 8:07am in London. Seventeen of its 20 industry groups were in the green at this time. The shares of Dutch medical equipment manufacturer Royal Philips (PHI1.HA) spiked by more than 9% after the company reported an increase in…
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The results confirmed $4.88 earnings per share. Revenue is at $9.56bn, ensuring that NFLX stays at the top of the streaming industry despite recent challenges that have affected the market since the end of the boom period of COVID restrictions when unprecedented growth was enjoyed. Both the figures were better than analysts had predicted. Perhaps…
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This per-share takeover price is significantly higher than the German manufacturer’s going market performance. At the final bell on Monday, MorphoSys’s Nasdaq shares priced at $17.27. Bloomberg claimed that this acquisition was an attempt by Vasant Narasimhan, the Novartis CEO, to prove to investors that he could drive financial and organisational growth. After disappointing financial…
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Torgeby joined SEB from Morgan Stanley in 2009. While at SEB, he held several positions within the Large Corporates & Financial Institutions division and was later named the division’s Co-Head and a member of the Group Executive Committee in 2014. He became President and CEO in 2017. Torgeby is now a director of the Swedish…
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‘The likely scenario as of now seems to be a sideways trend over the next few weeks,’ said Michael Stark, an analyst at Exness: ‘There’s obviously very strong buying demand in the area around $65, while there’s no clear fundamental driver for the price to retest recent highs. Traders are now looking for significant confirmed…
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BlackBull Markets has revealed a partnership with affiliate marketing network Commission Junction. The New Zealand-based fintech firm pointed out that the Commission Junction was selected as a referral partner due to its broad network of collaborators and reputation for complementing the organic growth that companies experience. BlackBull Markets will start drawing on Commission Junction’s solutions…
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The following partners are set to provide data through the all new ESG Data Hub: Ecogain will cover biodiversity, Equileap will provide data on gender equality, RepRisk for reputational risk, Inrate for carbon emissions, Munich Re will analyse climate risk, and Upright Project for net impact, while Clean Tech will provide data on renewable technology.…
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What to watch Informa: Business intelligence and events business Informa is down more than 50% year-to-date, as the pandemic has decimated its ability to generate revenue from conferences and other exhibitions. The London-listed firm delivers its latest set of quarterly earnings on Monday. This week, JPMorgan Cazenove downgraded its rating on the stock to neutral,…
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London-listed stocks close higher before US selloff The FTSE 100 and FTSE 250 closed the day on a high, closing before the winds shifted in the US later on Monday, with both finishing more than 1% up. A variety of sectors helped the FTSE 100 higher, with brokerage Hargreaves Lansdown, pest control business Rentokil and…
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Sharp pullback for UK stocks in face of new data The FTSE 100 and FTSE 250 sank sharply yesterday, with both indices losing 2.1% apiece, leaving London-listed stocks stuck in correction territory while US shares are creeping past the breakeven point year-to-date. Investors had multiple data points to digest, including information from the British Retail…
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