It was an upbeat start on Monday for Europe, despite significant risk events, such as the monthly US jobs report and Federal Meeting meeting minutes, due later this week. Trading volumes were low with Wall Street sitting Monday’s session out due to the Independence Day holiday. ‘The July 4 independence holiday in the US will likely allow some respite from the recent market turmoil. That ...

- Preferred bidder selected for sale of CD4 manufacturing business - Substantial up-front payment and royalties expected - Focus now on higher margin Health & Nutrition Specialist medical diagnostics firm Omega Diagnostics (ODX:AIM) said it had selected a preferred bidder after receiving several indicative offers for its CD4 Advanced Disease testing business. The bidder has been ...

- Nomura sees central banks tightening too much - UK, US, eurozone and Japan to all to catch a cold - Shallow and long growth decline, analysts predict Major global economies face being plunged into a full-blown recession later this year, according to analysts at investment bank Nomura. In a research note to clients, Nomura’s Rob Subbaraman and Si Ying Toh said central banks looking ...

Stocks in London bounded into the new week, though volumes are likely to be low with US markets sitting out Monday's session for the Independence Day holiday. Oil majors were pushing the blue-chip FTSE 100 index higher, while the FTSE 250 was weighed down by share price declines for Grafton Group and Pets at Home. The UK flagship index was up 81.41 points, or 1.1%, at 7,250.06. The FTSE 250 ...

Stocks in London started the third quarter in a jumpy fashion on Friday, ultimately edging into the red as global manufacturing readings disappointed investors and fueled fears of an economic slowdown. The manufacturing economies in the UK, US and eurozone all slowed in June, figures showed. The latter, meanwhile, saw inflationary pressures intensify once more. The FTSE 100 index closed down ...

The first half of 2022 will not be remembered fondly by investors after the S&P 500 index dropped 20.5%, its fifth worst performance on record and on par with 1970’s 21% drop. It has been a year of breaking records for all the wrong reasons. Between January and April, the index fell by more than 13% and the last time that happened was 1939, when Warren Buffet was contemplating making his ...

- Gambling Review measures less onerous than feared - Rank directly benefits from increased gambling machines - White paper expected in coming weeks The long-awaited Gambling Review white paper was leaked to The Times newspaper this week and if proven accurate should provide a lift for a gambling sector that had been expecting more stringent measures. Casino and bingo operator Rank ...

Stock prices in London remained in the doldrums on Friday at midday in a soft start to the second half of what has, so far, been a brutal year for equities. ‘The market remains focused on downside risks to growth. UK data did not help in that respect, with the details of the Q1 GDP report clearly showing the challenges facing the UK economy and the Bank of England in coming quarters,’ said ...

- Ofcom signals softening stance on advertising breaks - Broadcaster’s ITVX streaming service faces still competition - ITV has been losing audience share in recent years TV watchdog Ofcom may soften its demands for larger gaps between in-programme advertising breaks as it reassesses the wider UK TV broadcasting industry. More frequent ad breaks would be positive news for TV ...

- Memory chips giant cuts Q4 earnings and sales steer - Consumer gadgets spending hit by inflation pressures - Stock has lost 42% in 2022 and likely to fall on Friday The semiconductors industry has always been cyclical, so microchip manufacturers tend to do well when the global economy is strong. But the opposite is also true, so deep cuts to guidance by Micron Technology (MU:NASDAQ), a ...