FTSE 100 Marginally Lower In Cautious Trade; Burberry Slumps 16%

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FTSE 100 Marginally Lower In Cautious Trade; Burberry Slumps 16%

(RTTNews) - U.K. stocks were little changed on Monday as investors digested weak China GDP data and considered the potential implications of the assassination attempt on former President Donald Trump.

The benchmark FTSE 100 was marginally lower at 8,245 after rising 0.4 percent on Friday. Luxury giant Burberry slumped 16 percent after issuing a fresh profit warning.

Online grocer and tech company Ocado plummeted 8.6 percent as broker Bernstein downgraded the stock to 'underperform'.

ME Group International, a vending machine operator, rose 1.1 percent after reporting a robust performance for the six months ending 30 April 2024.

Brunner Investment Trust added 1 percent after reporting a rise in half-year profit. Robert Walters declined 2.3 percent. The recruitment company has reported a decline in gross profit over the first half of the year and warned that tough macro conditions are likely to last longer than expected.

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Canadian Market Slightly Lower In Cautious Trade

Canadian Market Slightly Lower In Cautious Trade

Canadian stocks are turning in a mixed performance on Wednesday with investors largely reacting to earnings announcements, and U.S. economic data. Materials stocks are among the notable losers, while consumer staples and utilities shares are finding good support.
RTTNews | il y a 4h 44min
Swiss Market Ends Notably Lower

Swiss Market Ends Notably Lower

The Switzerland market ended notably lower on Wednesday after languishing in negative territory right through the day's session, as investors reacted to weak economic data, digested a slew of corporate earnings announcements, and looked ahead to some key U.S. economic data due later in the week.
RTTNews | il y a 5h 31min
U.S. Dollar Retreats As GDP Growth Slows

U.S. Dollar Retreats As GDP Growth Slows

The U.S. dollar pulled back against its major counterparts in the New York session on Wednesday, as a slowdown in GDP growth outweighed optimism about strong ADP data.
RTTNews | il y a 5h 42min
U.S. Pending Home Sales Spike Much More Than Expected In September

U.S. Pending Home Sales Spike Much More Than Expected In September

Pending home sales in the U.S. spiked by much more than expected in the month of September, according to a report released by the National Association of Realtors on Wednesday. NAR said its pending home sales index soared by 7.4 percent to 75.8 in September after climbing by 0.6 percent to 70.6 in August. Economists had expected pending home sales to jump by 1.1 percent.
RTTNews | il y a 8h 56min
GSK Q3 Results Down, Sees FY24 Outlook At Mid Range; Stock Drops

GSK Q3 Results Down, Sees FY24 Outlook At Mid Range; Stock Drops

Shares of GSK plc were losing more than 4 percent on the London Stock Exchange as well as in the early morning trading on the NYSE after the British drug maker reported Wednesday sharply lower profit in its third quarter on $2.3 billion charge on Zantac settlement, as well as weak revenues. Further, GSK confirmed its fiscal 2024 outlook for earnings, core profit and sales.
RTTNews | il y a 9h 28min
U.S. Economic Growth Unexpectedly Slows Modestly In Q3

U.S. Economic Growth Unexpectedly Slows Modestly In Q3

A report released by the Commerce Department on Wednesday showed U.S. economic growth unexpectedly slowed in the third quarter. The Commerce Department said gross domestic product shot up by 2.8 percent in the third quarter after surging by 3.0 percent in the second quarter. Economists had expected another 3.0 percent jump.
RTTNews | il y a 9h 56min