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Latest Stocks & shares news

16th June
McDonald’s says its global sales dropped 30% in the first 2 months of the current quarter
16th June
Tencent Holdings to get a sizeable stake in China’s iQIYI video streaming platform
16th June
Lennar reports a 27% year over year increase in Q2 earnings despite COVID-19 restrictions
16th June
Legal & General considers debt issue following an 8% growth in assets under management
16th June
EasyJet announces a revised deal with Airbus that defers deliveries of 24 aircraft
15th June
United Airlines issues guidance, recovers 7% early decline
15th June
Intesa stock price erases losses as the bank attempts to close UBI deal
15th June
FTSE 100 slides as China reports a resurge in COVID-19 cases
15th June
Hertz announces a £400 million share sale to help creditors recover more claims
15th June
Nokia announces Broadcom as its third partner to develop 5G chips
15th June
BP slashes oil forecast and estimates up to £13.95 billion of write-downs in the second quarter
15th June
H&M records a 50% decline in quarterly sales due to Coronavirus restrictions
15th June
SThree reports a 7% decline in half-year net fees as Coronavirus weighs on demand
15th June
Metro Bank in talks with RateSetter for a potential merger
14th June
Cineworld stock price struggles as a $1.65 bln deal to buy Cineplex collapses
14th June
Austrian Airlines forecasts its business to be 20% smaller in 2022
13th June
Commerzbank chairman rejects Cerberus’ demand for two seats on its supervisory board
13th June
Cineworld abandons its £1.32 billion merger deal with Cineplex
13th June
American Express stock price pops 3% as its Chinese JV gets final approval to launch
12th June
Atlantia swings to a net loss of £8.99 million in the first quarter due to COVID-19 restrictions
12th June
UK stocks pull out of a 4-day losing streak as cyclical stocks recover
12th June
China Pacific Insurance to raise £1.70 billion via its London-listing
12th June
Adobe releases an upbeat Q2 earnings report on a higher demand for digital products
12th June
Lululemon’s sales decline 17% as Coronavirus shuts stores in the first quarter
12th June
IQE forecasts a 27% jump in its H1 revenue as work from home fuels demand for computer products
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