Markets


Clothing sales drive M&S profits down 10% Clothing sales drive M&S profits down 10%
- May 24, 2017

But once £437m of charges including £156m relating to pay and pensions changes and £184m to cover store closures in the United Kingdom and overseas were taken into account, its statutory pre-tax profit dived by 63.5% to £176.4m. For the last quarter, clothing slumped 5.9 per cent, and for the year it was down down 3.4 per cent. "This has been a year of accelerated change at M&S, as Steve set out his plan for a simpler business, focused on customers". (more...)
The UK Just Raised Its Terror Threat Level To "Critical"
- May 24, 2017

The somber vigil came as news broke that British Prime Minister Theresa May had announced the terror level in the United Kingdom had been raised from severe to critical following the attack, a move that indicates that an attack is expected "imminently". (more...)
Liberum Capital Raises Bodycote PLC (BOY) Price Target to GBX 910
- May 24, 2017

Among 17 analysts covering Hunting PLC ( LON:HTG ), 6 have Buy rating, 5 Sell and 6 Hold. The rating was downgraded by Barrington Research on Friday, July 29 to "Market Perform". It closed at $9.68 lastly. Credit Suisse Group AG restated an outperform rating and set a GBX 1,300 ($16.78) price objective on shares of IMI plc in a research report on Thursday, March 30th. (more...)
Donald Trump's budget: '2+2 = 7'
- May 24, 2017

However, many economists are skeptical about the administration's growth assumptions. Yet Mulvaney, a former SC congressman, apparently has little sway over his old Republican colleagues in the Senate, as many of them came out swinging against Trump's budget proposal only hours later. (more...)
Russian probe: Mueller briefed on secret Comey memos
- May 24, 2017

Coats and Rogers refused to comply with the requests, which they both deemed to be inappropriate, according to two current and two former officials, who spoke on the condition of anonymity to discuss private communications with the president. (more...)
Key benchmarks in President Donald Trump's budget
- May 24, 2017

Department of Labor's Office of Disability Employment Policy, state developmental disabilities councils, autism programs and medical research . "Here's what I'm happy about: we finally have a president who's willing to actually even balance the budget ", said Speaker of the House Paul Ryan in a House GOP news conference on Tuesday. (more...)
HSBC Holdings plc Lowers Debenhams Plc (DEB) Price Target to GBX 42
- May 24, 2017

Investors sentiment decreased to 0.93 in Q4 2016. Its down 0.64, from 2.22 in 2016Q3. In other Ladbrokes Coral Group PLC news, insider Stevie Spring purchased 38,240 shares of the business's stock in a transaction on Friday, March 31st. The firm has "Overweight" rating given on Monday, November 28 by Barclays Capital. The firm earned "Hold" rating on Tuesday, January 17 by HSBC. JP Morgan upgraded BAE Systems PLC (ADR) (OTCMKTS:BAESY) on Monday, January 11 to "Overweight" rating. (more...)
Virgin Money Holdings (UK) PLC 21% Potential Upside Indicated by Goldman Sachs
- May 24, 2017

The firm earned "Add" rating on Thursday, August 13 by AlphaValue. 07/12/2016 - Playtech had its "Buy" rating reiterated by analysts at Canaccord Genuity. The Company's gaming applications include online casino, poker and other pay to play games, bingo, mobile, live gaming, land terminal and fixed-odds games. (more...)
Wells Fargo & Company (NYSE:WFC)'s Stock Is Buy After Less Market Selling Wells Fargo & Company (NYSE:WFC)'s Stock Is Buy After Less Market Selling
- May 24, 2017

Wells Fargo & Company is a bank holding company. Analysts reported that the Price Target for Wells Fargo & Company might touch $66 high while the Average Price Target and Low price Target is $58.69 and $50 respectively. State Treasurer State Of Michigan accumulated 5.54 million shares. The insider Stern Michael K sold $623,702. Oppenheimer & stated it has 247,329 shares or 0.4% of all its holdings. (more...)
Iraq's Sadr calls on Iran to abandon political and sectarian talk
- May 24, 2017

Iran has reached a nuclear agreement and increased its influence over nearly all the countries of the Middle East. Iran and the U.S. back opposing sides in the civil wars in Syria and Yemen, but they are both fighting the jihadist group Islamic State in Iraq . (more...)
Sensex, Nifty open higher, Voltas, Tata Motors shares jump Sensex, Nifty open higher, Voltas, Tata Motors shares jump
- May 24, 2017

In Asian trade, Japan's Nikkei was up 0.48% while Shanghai Composite shed 0.45% in early trade today. Bharti Airtel lost about 1 percent after Moody's Investors Service changed its ratings outlook to "negative" from "stable", citing expectations of heightened competition from Reliance Jio. (more...)
Ariana Grande Video Captures Sound of Blast Inside Arena Ariana Grande Video Captures Sound of Blast Inside Arena
- May 24, 2017

Police work at Manchester Arena after reports of an explosion at the venue during an Ariana Grande gig in Manchester, England . An eight-year-old girl, who went to the Ariana Grande concert with her mother and sister, has been identified as the second victim in the Manchester terror attack , United Kingdom media report. (more...)
Ex-CIA Chief Concerned Over Trump Campaign Kremlin Contacts Ex-CIA Chief Concerned Over Trump Campaign Kremlin Contacts
- May 24, 2017

Speaking to reporters Tuesday afternoon in Capitol Hill, Burr and Warner announced they've issued two new subpoenas to Flynn's business and expect compliance. Interviewed as part of the clearance renewal process, Flynn said all of his foreign trips as a private citizen "were funded by USA companies", according to excerpts of a March 14, 2016, report compiled by security clearance investigators. (more...)
Kepler leads Twins' offensive surge in 14-7 win over Orioles Kepler leads Twins' offensive surge in 14-7 win over Orioles
- May 24, 2017

The Minnesota Twins and Baltimore Orioles meet Wednesday in Major League Baseball action at Oriole Park at Camden Yards. Santana has allowed just two runs and 14 hits over 42 innings in his six victories, and his next win will match his total of each of the past two seasons. (more...)
Trump confident travel ban is lawful Trump confident travel ban is lawful
- May 24, 2017

Last week, U.S. District Judge Tanya Chutkan in the nation's capital said she's "inclined to agree" that the travel ban is unlawful, but held off on a request to block it because of the pending appeals court cases. Again, the Trump administration argued there's nothing in the language of his revised executive order that shows religious bias, while opponents countered that Trump's public statements prove he meant to single out Muslims. (more...)
President Duterte Says Martial Law in Philippines' Mindanao May Last a Year
- May 24, 2017

The late dictator Ferdinand Marcos placed the nation under military rule for nearly a decade from 1972, a period in which more than 3,000 people were killed and tens of thousands tortured and jailed. Mr Duterte has yet to issue a formal proclamation, and Congress, where the president has a "super-majority", can decide either to approve or reject it. (more...)
Theresa May refuses to admit u-turn on Tory social care plans
- May 24, 2017

Mrs May's announcement was leaked by former cabinet colleague George Osborne - now editor of the Evening Standard - in a tweet half an hour before she spoke, in which he said: "U-turn coming on social care". Throughout the general election campaign, the prime minister has been pushing her " strong and stable " message at every opportunity. But many are sceptical of the headline poll numbers after surveys failed to correctly Britain's last national election in 2015, as well as the 2016 ... (more...)
Canada Responds To Launch Of US NAFTA Consultations Canada Responds To Launch Of US NAFTA Consultations
- May 24, 2017

In particular, we note that NAFTA was negotiated over 25 years ago, and while our economy and businesses have changed considerably over that period, NAFTA has not. It should surprise no one here tonight that Mexico is Kansas' number one export market, previous year purchasing more than $2.5 billion dollars worth of US corn and sorghum, and for that, I thank you again. (more...)
May condemns 'sick' attack as bomber named May condemns 'sick' attack as bomber named
- May 24, 2017

Grande, who was not hurt, tweeted out that her heart is broken. Hopkins said police are working with national counterterrorism experts to investigate the attack. - The White House (@WhiteHouse) May 23, 2017President Trump on Manchester: "So many young, attractive innocent people living and enjoying their lives murdered by evil losers in life". (more...)
Euro-Area Growth Faces Upside Risk as Weak Prices Restrain ECB Euro-Area Growth Faces Upside Risk as Weak Prices Restrain ECB
- May 24, 2017

IHS Markit said the 19-nation eurozone economy was doing well on all fronts. Chris Williamson , chief business economist at IHS Markit said: "The PMI data indicate that Eurozone growth remained impressively strong in May". In further good news for Macron , the leader of the En Marche political movement he founded a year ago, the job creation rate rose to its highest since August 2011. (more...)

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