Actualités Forex
Bay Street Likely To See Mixed Start
Canadian shares are likely to open on a mixed note on Thursday, tracking commodity prices, and weighing the possible impact of further interest rate hikes on global economic growth.
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PPL Promotes Francis Sullivan To Succeed Gregory Dudkin As COO
PPL Corp. (PPL) announced Thursday it has promoted Francis Sullivan to executive vice president and chief operating officer, effective January 1, 2023. Sullivan succeeds Gregory Dudkin, who is on extended medical leave and not expected to return to PPL. Dudkin will remain executive vice president while on medical leave.
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Walgreens Posts Hefty Q1 Loss, Adj. EPS Tops View; Backs FY23 Earnings Forecast
Pharmacy major Walgreens Boot Alliance Inc. reported Thursday a hefty loss in its first quarter, mainly hit by charges related to opioid-related claims and weak sales. Adjusted earnings, and sales, however, topped market estimates mainly benefited by strong cough, cold, flu sales. Looking ahead, the company maintained its fiscal 2023 earnings view, and raised sales guidance.
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Conagra Brands Boosts FY23 Outlook - Update
While reporting financial results for the second quarter on Thursday, branded food company Conagra Brands, Inc. (CAG) raised its adjusted earnings and organic net sales growth guidance for the full-year 2023, based on a strong performance in the first half of the fiscal year.
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Neogen Slips To Loss In Q2, But Revenue Surge 76%
Neogen Corp. (NEOG) reported on Thursday a net loss for the second quarter of $41.84 million or $0.19 per share, compared to net income of $10.83 million or $0.10 per share in the prior-year quarter.
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German Exports Unexpectedly Fall In November
Germany's exports unexpectedly declined in November on weak global demand, signaling that the economy is sliding into a mild recession. Exports decreased 0.3 percent on a monthly basis, reversing a 0.8 percent rise in October, Destatis reported Thursday. The fall was in contrast to the 0.2 percent rise expected by economists.
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UK Service Sector Moves Closer To Stabilization
The UK service sector moved closer to stabilization from the contraction zone in December despite challenging business environment and the cost of living crisis, a closely watched survey showed Thursday. The final S&P Global/Chartered Institute of Procurement and Supply services Purchasing Managers' Index improved to 49.9 from 48.8 in November. The flash reading was 50.0.
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more news
Park Aerospace Q3 Profit Rises
Park Aerospace Corp. (PKE) reported on Wednesday that net earnings for the third quarter grew to $2.23 million or $0.11 per share from $1.74 million or $0.08 per share in the prior-year quarter.
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Eurozone Producer Price Inflation At 11-Month Low On Easing Energy Costs
Eurozone producer price inflation eased for the third consecutive month in November, but remained high, as energy prices rose at a slower rate, offering some relief to the European Central Bank that is likely to continue raising interest rates in the first quarter.
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German Construction Activity Continues To Shrink
The downturn in Germany's construction sector continued in December as spiraling prices, rising interest rates and weak investment dampened activity, survey results from S&P Global showed on Thursday. The headline Construction Purchasing Managers' Index registered 41.7 in December, up from 41.5 in November. The reading is still firmly below the 50.0 threshold that separates growth from contract
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Sensex, Nifty End Lower For Second Day
Indian shares fell for a second consecutive session on Thursday, though markets ended off their day's lows, helped by positive cues from global markets and gains in rupee alongside its Asian peers.
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Meta Gets €390 Mln Fine For Data Breaches
Facebook and Instagram parent Meta Platforms has been fined 390 million euros or around $414 million by a major European regulator for breaking EU data rules over ads. The Irish Data Protection Commission or DPC fined Meta Ireland noting that its policy of using private user data to personalize ads on Facebook and Instagram violated new data protection laws.
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European Shares Slip After Three Days Of Gains
European stocks declined on Thursday, snapping a three-day winning streak as the Federal Reserve's Dec. 13-14 policy meeting minutes dashed hopes of a Fed pivot anytime soon.
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