UK news

Shares of GlaxoSmithKline plc (LON: GSK) are up 3.0% on Wednesday after the pharmaceutical giant reported better-than-expected Q1 results on strong COVID-19 vaccine sales. GSK Q1 financial highlights At £9.80 billion ($12.3 billion), revenue was up 32% year-over-year.Adjusted per-share earnings jumped 43% YoY to 32.8 pence.Analysts…

Shares of HSBC Holdings plc (LON: HSBA) are down 4.0% on Tuesday after the bank reported a significant annualised decline in its Q1 profit on more provisions for credit losses due to the Ukraine war. Notable figures in HSBC Q1 earnings report At $2.80 billion, net…

The Bank of England (BoE) lifted interest rates by another 0.25 percentage point on Thursday, but adopted a more dovish tone on concerns that inflation will remain higher for longer due to the Ukraine war. BoE’s interest rate now stands at 0.75% It’s the third time in a row that…

Unilever PLC (LON:ULVR) has been declining on news of exiting the Russian market. A protest against Unilever by shareholders who wanted the company to provide information about key food products has also been of concern. Unilever responded by promising to report the data; hence that problem…

British American Tobacco Industries PLC (LON:BATS) is a consumer defensive stock fit for investment during the declining phase of the economic cycle. Being a consumer defensive stock means that the products and services offered by the business will remain in demand regardless of the economic conditions.

Diageo PLC (LON:DGE) is a stock to watch. The alcoholic beverages company is one of a few companies that would be able to withstand economic downturns. That is so because Diageo would still attract consumption despite high inflation and economic downturn. For the company, the economic…

After a short-lived uptick this morning, the S&P 500 index is now back in the red on reports that Russia has asked China for military equipment. Could it lead to the World War III? According to Jochen Wermuth – former advisor to the Russian ministry of Finance, such…

Turquoise Hill Resources Ltd (NYSE: TRQ) shares opened 30% up on Monday after Rio Tinto plc (NYSE: RIO) proposed to buy the Canadian mineral exploration and development company for about $2.7 billion in cash. A 32% premium on Turquoise shares previous close Rio’s bid to buy the remaining…

GlaxoSmithKline PLC (LON:GSK) is definitely a fundamentally endowed company. That said, investors cannot buy-in at any price. Investors need to learn how to read the market triggers for GSK. This analysis shows some of the key indicators that tell you when to buy and when to…

Pearson plc (LON: PSON) shares closed roughly 20% up on Friday after the British multinational rejected a £7.0 billion ($9.16 billion) takeover proposal from Apollo Global Management Inc. Apollo’s offer translated to 854.2 pence a share According to Pearson, the private equity firm’s 854.2 pence a share offer significantly…

Stocks of Russian companies listed on the London Stock Exchange, including Gazprom and Sberbank, tanked sharply on Thursday as the Ukraine war entered its second week, forcing LSE to temporarily terminate trading in Moscow-linked businesses. Europe to take the brunt of the Ukraine war The geopolitical tensions fuel uncertainty…

Aviva plc (LON: AV) on Wednesday said it will return £4.75 billion ($6.34 billion) to shareholders, including the existing stock repurchase programme worth £1.0 billion. We’ve now got a very strong position. We sold eight businesses last year for £7.50 billion, and with the reduction in debt, and…

Russia ordered its nuclear forces to be on high alert this morning in response to “aggressive statements” from NATO powers and severe restrictions from the West. Russia loses access to foreign reserves amidst Ukraine war The U.S. and its allies restricted SWIFT access for key Russian banks over the…

HSBC Holdings PLC (LON:HSBA) received a major boost on Tuesday, 22 February, upon reporting the annual results for the year ended 31 December 2021. The company reported $14.7 billion in profit after tax (PAT) compared to $8.6 billion in the previous. HSBC cites a net release…

AstraZeneca plc (LON: AZN) closed up roughly 4.0% on Monday after the pharmaceutical behemoth said its cancer drug, Enhertu, showed promising results against a type of breast cancer with poor treatment options. Enhertu is effective against HER2-low metastatic breast cancer According to the British multinational, its late-stage clinical trial…

Shares of Clipper Logistics Plc (LON: CLG) are up nearly 15% on Monday after the retail logistics company said a U.S. peer is interested in buying it for £942.6 million ($1.3 billion) in cash and stock. What we know so far about the possible takeover GXO Logistics Inc (…

The S&P 500 index is down 2.0% on Thursday after the U.S. said satellite evidence suggests Russia plans on invading Ukraine in the coming days, but Causeway Capital Management’s Ellen Lee says the following non-U.S. stocks will perform well regardless of the rising geopolitical tensions. Compass Group plc (…

BP plc (NYSE: BP) was up in premarket trading on Tuesday after the oil giant reported solid results for its fiscal fourth quarter and launched a $1.5 billion share repurchase programme. It’s been another good quarter. We’re strengthening the balance sheet. Seventh quarter in a row now where…

Manchester United is expected to announce a new sponsorship contract worth £20 million a year for their training outfit. According to The Athletic, the deal does not include the Carrington football field. The Athletic reports that Tezos will customise United’s full kit following the expiration of their previous contract with…

Ryanair Holdings Plc (NASDAQ: RYAAY) on Monday said its net loss came in lower-than-expected for the fiscal third quarter. Shares still slipped 5.0% on weak guidance and revenue that missed estimates.   CFO discussed quarterly results on CNBC’s ‘Squawk Box’ Ryanair said its net loss printed at €96 million ($107…

Shares of Diageo plc (LON: DGE) are up 2.0% on Thursday after the British multinational reported solid profit for the first six months of fiscal 2022 on robust growth in higher-end brands. Highlights from Diageo’s H1 financial results Diageo reported £1.97 billion ($2.65 billion) in net profit versus the…

Shares of Unilever plc (LON: ULVR) slid 4.0% on Monday after the British multinational said it was still interested in buying GlaxoSmithKline plc’s (LON: GSK) consumer business. GSK continues to reject Unilever’s proposals So far, GSK has rejected three of Unilever’s proposals, including the most recent one that…