Lloyds shares edged down on Thursday despite the bank reporting better-than-expected profits, as it opted to leave its full-year guidance unchanged.Share price was down by 0.41% at 9:21 am. Lloyds shares have already climbed 40% year-to-date, meaning investors were likely looking for an exceptionally strong half-year performance to justify further…
NatWest share price rose by over 1% on Thursday after Lloyds Bank, its biggest competitor, published its strong financial results. NWG jumped to a high of 505p, its highest level since July 2nd, and 7.28% from its lowest point this month. NatWest earnings aheadNatWest Group, the parent company of Royal Bank…
Repsol, the Spanish multi-energy company, reiterated its commitment to its shareholder payout target on Thursday, despite reporting a less-than-anticipated decline in second-quarter adjusted profit. The company’s results were impacted by a significant 175 million euro ($206 million) hit stemming from a massive power blackout in April, alongside a series of other…
Reckitt Benckiser shares surged on Thursday after the consumer-goods company reported better-than-expected performance in its core business, beat profit forecasts, and raised its full-year outlook, signalling growing confidence in its turnaround under CEO Kris Licht.The British multinational, whose products include Dettol disinfectants and Durex condoms, said its second-quarter net revenue…
QuantumScape Corp (NYSE: QS) is inching down in premarket on Thursday, even though the EV battery specialist reported a strong Q2 and announced an extended deal with PowerCo.In the second quarter, the company based out of San Jose, California, lost 20 cents on a per-share basis, slightly less than the…
Power equipment manufacturer GE Vernova raised its full-year revenue and free cash flow forecast on Wednesday after reporting stronger-than-expected second-quarter earnings. The company’s shares rose more than 6.3% in premarket trading as investors welcomed the upbeat outlook.The company, which became an independent entity last year following General Electric’s three-way breakup,…
Uber is set to pilot a new feature that matches women drivers and riders in select US cities, expanding its efforts to tackle persistent safety concerns on its platform. The ride-hailing company said on Wednesday it will begin testing the women-rider preference tool in Los Angeles, San Francisco, and Detroit…
US President Donald Trump has indicated that he will not go below a 15% rate as he sets his “reciprocal” tariffs on US trading partners, a sign that the floor for these increased levies is rising. This latest pronouncement adds another layer of complexity to the administration’s chaotic trade war,…
New European Union sanctions targeting Nayara Energy, a major Indian refinery with significant Russian ties, are expected to have a limited impact on global oil markets, according to Rystad Energy.This muted effect is attributed to India’s declining reliance on European product exports and its capacity to reroute refined products to…
Australia’s agriculture ministry announced on Thursday that it would relax restrictions on US beef imports. This decision could facilitate trade discussions with US President Donald Trump, who had criticised Australia’s previous import regulations, Reuters said in a report.Although US Agriculture Secretary Brooke Rollins hailed the decision as a victory for Trump,…