Incoming BHP Group Chief Executive Mike Henry said the world’s biggest miner is prioritising new developments in technology to cut costs and improve safety, including collaborations with tech start-ups and researchers.
(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.British American Tobacco Plc, the maker of Lucky Strike cigarettes, lowered its growth outlook for full-year sales growth in smoking alternatives as health concerns and a U.S. regulatory crackdown on vaping weigh on e-cigarette revenue.Sales growth from the new product categories, which also included heated tobacco, will be in the lower end of BAT’s forecast range of 30% to 50%, the company said. In August BAT was guiding to the midpoint.Key InsightsA price war has been breaking out in the e-cigarette market …read more […]
British American Tobacco, the world’s no. 2 tobacco company by revenue, said on Wednesday it expects full-year group revenue to grow in the upper half of its 3-5% long-term target range. The maker of Lucky Strike and Dunhill cigarettes maintained its forecast for adjusted earnings per share growth in the high-single-digit range. The company, however, said it now expects revenue growth in its new categories – e-cigarettes, tobacco heating products and snuff- to be at the lower end of its 30-50% range, reflecting a slowdown in the U.S. vaping market. …read more […]
Today we are going to look at Siemens Aktiengesellschaft (ETR:SIE) to see whether it might be an attractive investment… …read more […]
Spot gold fell 0.2% to $1,458.69 per ounce by 0533 GMT. U.S. gold futures shed 0.1% to $1,458.40. Washington and Beijing are close to an agreement on the first phase of a trade deal, Trump said on Tuesday, after top negotiators from the two countries agreed to keep working on remaining issues. …read more […]
The owner of English Premier League champions Manchester City is selling a $500 million stake to private equity firm Silver Lake, valuing the soccer club’s owner at $4.8 billion, the Financial Times reported on Wednesday, citing people with knowledge of the deal.
Private equity firm Silver Lake has agreed to make a $500 million equity investment into the owners of English Premier League soccer champions Manchester City, the firms said on Wednesday, confirming a report in the Financial Times.
Asian shares rose on Wednesday and European stocks looked set for gains after U.S. President Donald Trump said negotiators were close to inking an initial trade deal, while expectations the Federal Reserve will keep rates low underpinned sentiment.
Tesla Inc has received 250,000 orders for its electric pickup truck unveiled five days ago, Chief Executive Officer Elon Musk suggested in a tweet on Tuesday.
Two of Australia’s top shareholder proxy advisers on Wednesday urged investors to vote out more directors of Westpac Banking Corp after a money-laundering scandal claimed the CEO and chairman of the country’s No.2 retail bank.
Tesla Inc has received 250,000 orders for its electric pickup truck unveiled five days ago, Chief Executive Officer Elon Musk suggested in a tweet on Tuesday. Musk has been promoting the Cybertruck on Twitter and cryptically tweeting out updates to the number of orders the company has received since the launch late Thursday. After more than 50 interaction on Twitter since the launch, he tweeted “250k” on Tuesday night in an apparent reference to the number of orders. …read more […]
Two of Australia’s top shareholder proxy advisers on Wednesday urged investors to vote out more directors of Westpac Banking Corp after a money-laundering scandal claimed the CEO and chairman of the country’s No.2 retail bank.
We are still in an overall bull market and many stocks that smart money investors were piling into surged through November 22nd. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 52% and 49% respectively. Hedge funds’ top 3 stock picks returned 39.1% this year and beat the S&P […] …read more […]
(Bloomberg) — A third Hong Kong stock in less than a week lost most of its value in a sudden one-day plunge, underscoring concern that the $5.2 trillion market has become a breeding ground for wild volatility.China First Capital Group, an investment company that focuses on financial and education services, plunged as much as 78% on Wednesday before trading was suspended. Virscend Education Co., which is partly owned by First Capital, also lost as much as 78% before paring its decline to 32%.Virscend suspects its shares were sold by First Capital because of a margin call, but has not verified …read more […]
Hedge funds and large money managers usually invest with a focus on the long-term horizon and, therefore, short-lived dips or bumps on the charts, usually don’t make them change their opinion towards a company. This time it may be different. During the fourth quarter of 2018 we observed increased volatility and a 20% drop in […] …read more […]
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