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Despite trading higher for the majority of the day, European indices have closed the day down.
FTSE 100: -0.53%
DAX: -0.51%
CAC 40: -0.57%
Stoxx 50: -0.65%%
IBEX 35: -0.16%
Rite Aid shares have plunged 26% after Deutsche Bank downgraded the stock to Sell, telling investors the Cvid-19 pandemic “hastened the decline” of the retail pharmacy division and he a possibly “dramatic negative inflection point” with its fiscal 2023 outlook seeming to be “unattainable.”
Dow: -0.26%
S&P 500: -0.28%
Nasdaq: -0.10%
European indices are still mostly in the green Thursday afternoon, although, the FTSE 100 is still down at -0.12%.
US futures are mixed:
Dow: -0.16%
S&P 500: -0.03%
Nasdaq: +0.10%
Stocks moving premarket:
ERYTECH Pharma: Erytech Stock Leaps 50% On Haematology Publication
Levi Strauss is up 2% after it reported better than anticipated Q1 earnings.
HP is trading 12% higher after Warren Buffett’s Berkshire Hathaway revealed a significant stake
Shell said its Russia exit could result in a could $5bn hit in the first quarter – The company said “For the first quarter 2022 results, the post-tax impact from impairment of non-current assets and additional charges (e.g. write-downs of receivable, expected credit losses, and onerous contracts) relating to Russia activities are expected to be $4 to $5 billion.”
Cloudbreak Discovery shares are up 10% on the back of an oil and gas deal in Namibia
Omega Diagnostics shares have plunged 12.7% following its annual update
888 Holdings will launch an equity raise to fund its takeover of William Hill’s non-US business.
Greatland Gold flatlines following results from the Scallywag programme
Imperial Brands shares have faded after its trading update
Cloudbreak Discovery (LON: CDL) shares are up 10% this morning on the back of their announcement of an oil and gas deal in Namibia.
Nostrum Oil & Gas +30.42%
888 Holdings +27.37%
McColl’s Retail Group +23.12%
Arden Partners -19.44%
Bonhill Group -17.78%
Uru Metals -13.77%
US indices closed lower yesterday, with the Nasdaq falling more than 2%. That was followed by bourses in the APAC region also declining.
However, European stocks are mostly positive Thursday…
FTSE 100: -0.13%
DAX: +0.30%
CAC 40: +0.51%
Stoxx 50: +0.44%
IBEX 35: +0.22%
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