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Broad-based rally takes S&P 500 and Nasdaq to new all-time highs | Wall Street Week featured picture

Broad-based rally takes S&P 500 and Nasdaq to new all-time highs | Wall Street Week

Despite all the doubts about the durability of the rally, US stocks continue to power head with the S&P 500 and Nasdaq Composite posting new life-highs during the past week leaving them up 7.5% and 9% respectively year-to-date. Both indices have registered their best February since 2015, with the Dow Jones recording its best return in three years. Importantly, it isn't just the 'Magnificent Se...
Ocado delivers ‘rare profit’ for 2023, technology solutions prove to be ‘bright spark’ featured picture

Ocado delivers ‘rare profit’ for 2023, technology solutions prove to be ‘bright spark’

Shares in Ocado ripened 1.7% to 499p this morning after the online grocery specialist reported a group adjusted profit of £51.6 million for the 53 weeks ended 3 December 2023 compared with a £74.1 million loss in the same period a year ago. Total revenue was up 9.9% to £2.8 billion for the year. And the online grocery specialist reported a 44% increase in revenue from its technology soluti...
Haleon rallies 6% as resilient sales and £500 million buyback plan provide some relief featured picture

Haleon rallies 6% as resilient sales and £500 million buyback plan provide some relief

Shares in Haleon were marked 6% higher to 332.1p on Thursday after the consumer health colossus reported a robust finish to 2023, with fourth quarter organic sales growth of 7%, and said it will allocate £500 million to share buybacks in 2024. Despite competitive market conditions, the FTSE 100 firm behind trusted brands including Sensodyne, Panadol, Advil and Theraflu demonstrated its abili...
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