Adding to concerns over growth prospects, euro area economic sentiment deteriorated to the lowest in six months in May reflecting lower confidence in industry, services and retail trade. The economic sentiment index fell to 96.5 from 99.0 in April, survey results from the European Commission showed Tuesday. This was the lowest reading since November and also below economists’ forecast of […]

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Save articles for later Add articles to your saved list and come back to them any time. This month’s budget is not as profligate as its critics claim, but nor is it the deficit-disappearing, penny-pinching budget it was tricked up to be. When ministerial staffers use words to gild the fiscal lily, it’s called spin doctoring. When the government’s bureaucrats […]

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South Korea’s central bank left its key interest rate unchanged for the third straight meeting on Thursday but the bank chief signaled that more rate hikes cannot be ruled out due to the persistent inflation. The Monetary Policy Board of the Bank of Korea, headed by Governor Rhee Chang-yong, unanimously decided to keep the Base Rate unchanged at 3.50 percent. […]

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Germany’s consumer confidence will strengthen in June as households were more positive about their income growth amid the hope of a rise in wages and salaries resulting in a less severe loss of purchasing power. The consumer confidence index rose to -24.2 in June from a revised -25.8 in May, survey results from the market research group GfK showed Wednesday. […]

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Pets at Home Group Plc, (PETS.L), a pet related products retailer, Thursday, reported lower earnings for the year 2023. However, revenue grew by 6.6%. Looking ahead for fiscal 2024, the company expects to meet the market view for underlying earnings. For the year, profit before tax decreased 17.7 percent to 122.5 million pounds from 148.7 million pounds in the prior […]

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Aviva Plc (AV.L,AV), a British insurance company, said on Wednesday that it has reported a strong growth for the first-quarter, supported by new business volumes and continued robust trading. In addition, the company said that it still expects to meet or exceed its targets. For the three-month period, the London-based insurance provider posted sales from Protection and Health segment of […]

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Euro area private sector expanded for the fifth straight month in May but the pace of growth moderated due to a steep decline in the factory output amid a widening divergence in demand growth for goods and services, flash results of the purchasing managers’ survey by S&P Global showed on Tuesday. The flash HCOB composite output index fell to a […]

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IHS Holding Ltd. (IHS), a shared communications infrastructure manufacturer, Tuesday, reported lower earnings for the first quarter, on higher cost of sales. However, revenue grew by 35 percent. The company also reaffirmed its full-year guidance. The first-quarter earnings decreased to $7.7 million or $0.03 per share from $15.1 million or $0.05 per share of last year, particularly impacted by increase […]

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The following biotech stocks featured on our site hit new highs yesterday. * Last Closing Price refers to the stock’s closing price on May 22, 2023. Ticker Published Date Published Price Maximum Price Since Publication *Last Closing Price Maximum Gain % Akebia Therapeutics Inc. (AKBA) Mar.22, 2023 $0.70 $1.63 $1.41 132% VectivBio Holding AG (VECT) May 4, 2023 $10.63 $16.45 […]

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Lowe’s Companies, Inc. (LOW), a retail company focused on home improvement, on Tuesday reported a decline earnings for the first-quarter, amidst a fall in sales, reflecting lumber deflation, unfavorable weather, and lower DIY discretionary sales. However, excluding items, the company’s earnings beat the Street view. Lowe’s has revised down its full-year guidance to reflect softer-than-expected consumer demand for discretionary purchases. […]

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