11 June

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Meme Stocks Go Their Own Way For A Day By Investing.com

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By Dhirendra Tripathi Investing.com – Meme stocks showed no particular trend so far in Friday’s session with most relatively subdued in signs of a fatigue on the last day of the week. Clover Health (NASDAQ:CLOV) rose 7%, modest by the standards of meme stocks. Shares of the Medicare insurance start-up had doubled during Tuesday’s session before closing the day with 86% gains. AMC Entertainment (NYSE:AMC) rose 6%, GameStop (NYSE:GME) 2% and BlackBerry (NYSE:BB) 1%. In the negative were Contextlogic (NASDAQ:WISH) which was down 6.5%, World Wrestling (NYSE:WWE) 5%, Clean Energy Fuels...

11 June

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BP looks to spin off Iraq operations into standalone company – WSJ By Reuters

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(Reuters) -BP Plc is planning to spin off its operations in Iraq into a standalone company, the Wall Street Journal reported on Friday, as the oil major looks to shift focus to low carbon investments. The new company would hold BP (LON:BP)'s interest in Iraq's giant Rumaila oil field and be jointly owned by China National Petroleum Corp, one of BP's partners at the site, the report said, citing people familiar with the matter. The new entity will hold its own debt, separate from BP and pay dividends. (https://on.wsj.com/3wl4d5m) BP did not...

11 June

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FTSE finishes higher, USD jumps, Crude rally continues, Bitcoin steady By Investing.com

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Key Points FTSE 100 closing price of 7,133.55, +0.64% Sanne Group jumps after agreeing to takeover talks USD strong, GBP mixed after record GDP Crude jumps to multiyear highs Bitcoin and other cryptos steady heading to the weekend By Samuel Indyk Investing.com – The FTSE 100 finished the week on a high note on what was a particularly quiet day following Thursday’s ECB interest rate decision and US inflation print. Most major global indices were trading higher as markets seemingly believe the Fed when they say they will look through any rise in inflation and continue...

11 June

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UK and EU working to find N.Ireland solution, Johnson’s spokesman says By Reuters

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CARBIS BAY, England (Reuters) - Britain is working with the European Union to urgently find radical proposals that would solve the post-Brexit trade problems in Northern Ireland, Prime Minister Boris Johnson's spokesman said on Friday. He said tensions around the province may well come up in the bilateral talks that the prime minister will hold at the G7 summit on Saturday, with France's Emmanuel Macron, Germany's Angela Merkel and the leaders of the European Union. The spokesman said Johnson did not think the G7 summit was the forum to find an immediate solution...

11 June

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Eli Lilly Slips On Controversy Over FDA Nod To Rival Biogen By Investing.com

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By Dhirendra Tripathi Investing.com – Shares of Eli Lilly (NYSE:LLY), which has a potential drug for Alzheimer’s awaiting FDA approval, fell more than 4% Friday amid mounting criticism over the regulator's approval of rival Biogen's (NASDAQ:BIIB) ‘aduhelm’ for treatment of the fatal disease. With the controversy getting further fueled by Biogen's $56,000 tag for the annual course of the medicine, there are fears that FDA's approval of Lilly's drug may be delayed. Monday (NASDAQ:MNDY), Biogen’s aduhelm became the first drug in 18 years to secure Food and Drug Administration’s nod for...

11 June

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European stocks hit record as miners boost, log best week since early May By Reuters

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By Sruthi Shankar and Shreyashi Sanyal (Reuters) - European stocks scaled a record high on Friday, buoyed by hopes that major central banks will remain accommodative despite signs of rising inflation, while a rally in miners boosted UK shares. The pan-European STOXX 600 index rose 0.7% in its sixth straight session of gains and ended the week 1.1% higher, its best weekly performance since early May. Miners jumped 1.9%, lifting UK's commodity-heavy FTSE 100 by 0.7% after data showed Britain's economic output in April was a record 27.6% larger than a year before. Travel and leisure...

11 June

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U.K. shares higher at close of trade; Investing.com United Kingdom 100 up 0.66% By Investing.com

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Investing.com – U.K. equities were higher at the close on Friday, as gains in the General Industrial, Industrial Metals & Mining and Financial Services sectors propelled shares higher. At the close in London, the Investing.com United Kingdom 100 added 0.66% to hit a new 52-week high. The biggest gainers of the session on the Investing.com United Kingdom 100 were Melrose Industries PLC (LON:MRON), which rose 3.02% or 4.95 points to trade at 168.85 at the close. Intermediate Capital Group PLC (LON:ICP) added 2.97% or 66.00 points to end at 2289.00 and ...

11 June

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Global equity funds face biggest outflow in six weeks -Lipper By Reuters

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(Reuters) - Global equity funds faced big outflows in the week to June 9, as investors were wary ahead of U.S. inflation data, spooked by worries that an upside surprise could prompt the Federal Reserve to start tapering its massive stimulus. According to Refinitiv Lipper data, global equity funds faced net outflows of $12.8 billion, the biggest since the week ended April 28. Fund flows into global equities bonds and money markets https://fingfx.thomsonreuters.com/gfx/mkt/xlbpgkmampq/Fund%20flows%20into%20global%20equities%20bonds%20and%20money%20markets.jpg However, the outflows were mainly focussed on U.S. equity funds, which witnessed net sales of $17.5 billion, while Europe and Asian...

11 June

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EU regulators to clear Aon’s $30 billion Willis late June, early July – sources By Reuters

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BRUSSELS (Reuters) - EU antitrust regulators are expected to approve insurance broker Aon (NYSE:AON)'s $30 billion bid for Willis Towers Watson (NASDAQ:WLTW) later this month or in early July, people familiar with the matter said. London-headquartered Aon clinched the deal a year ago to create the world's largest insurance broker ahead of Marsh & McLennan Companies Inc (NYSE:MMC) in the sector's biggest-ever deal. Reuters exclusively reported on April 28 that the European Commission would clear the mega deal after Aon offered to sell substantial assets to address competition concerns. ...

11 June

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CNH Industrial names Gerrit Marx future CEO of planned business spin-off By Reuters

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MILAN (Reuters) - Vehicle maker CNH Industrial has designated its president for commercial and speciality vehicles unit Gerrit Marx as chief executive of its On-Highway business after its planned spin-off, it said on Friday. The group said in 2019 it planned to split in two and separately list its lower-margin Iveco truck and bus units along with its FPT engine division in an entity called On-Highway to boost asset values and streamline its businesses. CNH Industrial, which is controlled by Exor, the holding company of Italy's Agnelli family, said on Friday that work was proceeding "apace"...

Меню

Meme Stocks Go Their Own Way For A Day By Investing.com

BP looks to spin off Iraq operations into standalone company – WSJ By Reuters

FTSE finishes higher, USD jumps, Crude rally continues, Bitcoin steady By Investing.com

UK and EU working to find N.Ireland solution, Johnson’s spokesman says By Reuters

Eli Lilly Slips On Controversy Over FDA Nod To Rival Biogen By Investing.com

European stocks hit record as miners boost, log best week since early May By Reuters

U.K. shares higher at close of trade; Investing.com United Kingdom 100 up 0.66% By Investing.com

Global equity funds face biggest outflow in six weeks -Lipper By Reuters

EU regulators to clear Aon’s $30 billion Willis late June, early July – sources By Reuters

CNH Industrial names Gerrit Marx future CEO of planned business spin-off By Reuters

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