PayPal CEO says ‘no going back’ from pandemic induced e-commerce surge Boeing’s earnings report appeared to take airline stocks down with it yesterday, as American Airlines and United Airlines both sank by around 3% on a day where the broader market soared. The Nasdaq Composite was up 1.4%, helped higher by names including AMD, PayPal…
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Airline stocks hit by quarantine news London-listed stocks started the week in the red, with the travel sector taking the market lower after the British government introduced a 14-day quarantine for travellers coming in from Spain. In the FTSE 100, International Consolidated Airlines Group (IAG) fell 5.9% and Intercontinental Hotels Group closed 4% down. In…
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New quarantine rules threaten British airlines London-listed shares fell harder than their US counterparts last week, with the FTSE 100 ending 2.7% lower after sinking 1.4% on Friday. M&G and Vodafone were the two biggest losers on Friday, closing out the day 6% and 5.2% lower respectively. In addition to the factors that hurt US…
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UK stocks cool on Brexit trade fear and China tensions Both major UK stock indices fell on Wednesday on the back of rising China tensions and Brexit trade gloom, with the FTSE 100 down 1%. Both indices dipped on the news that the UK Government was close to ‘giving up hope’ of a Brexit trade…
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What to watch Cadence Design Systems: CDS, a $28bn market cap electronics design and engineering services business, has enjoyed a share price gain of 44.5% in 2020 so far. During Q2, the firm announced a collaboration with Taiwan Semiconductor and Microsoft, in order to use cloud technology to reduce the signoff schedules for new semiconductor…
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What to watch: BlackRock: The world’s biggest fund manager is scheduled to announce its Q2 earnings on Friday before the market opens. BlackRock is a key bellwether for the asset management industry, and following the blistering rally in equities in Q2, expectations are running high. The consensus is for earnings to come in at $6.99…
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Ocado UK sales grow 27% on back of pandemic The FTSE 100 was close to flat yesterday, while the FTSE 250 sank back 1.2% with its year-to-date loss now well past 20% again. In earnings news, online grocer Ocado reported earnings for the six months ended May 31. The firm delivered a pretax loss of…
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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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Pub stock jumps 10% after UK reopening London-listed shares climbed on Friday, with the FTSE 100 finishing the week 1% ahead of where it started. The end-of-week gains followed a lacklustre market reaction to Chancellor Rishi Sunak’s emergency budget, which included £30bn of support to boost the economy and job market. Measures announced included a…
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What to watch Walgreens Boots: This week, pharmacy retailer Walgreens Boots announced it has reached a deal with a primary care firm to open doctors’ offices in more than 500 drug stores over the next five years, targeting underserved markets. That partnership will likely be one focus for analysts when the company reports its latest…
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