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British Biotech OCTP Shares (Oxford Cannabinoid) Delisting from LSE

Oxford Cannabinoid Technologies Holdings (OCTP) has announced plans to delist from the London Stock Exchange (LSE). The pharmaceutical firm, specializing in cannabinoid-based therapies, cited a sense of being undervalued on t

Asktraders News Team
UK Fuel Costs Rise as Retail Margins Hit Highs

UK motorists are facing an increase in fuel costs, with prices for petrol and diesel having risen by 10p per litre in the current year. This trend has added approximately £5.50 to the cost of filling up a typical family vehic

Asktraders News Team
Rivian Shares Have A Seesaw Day As Losses Widen After Earlier Apple Link

Electric vehicle manufacturer Rivian Automotive has affirmed its production forecast for 2024, setting targets that fall short of Wall Street expectations. Despite the opt

Asktraders News Team
A Glencore Bid For Anglo American Wouldn’t Surprise BofA

A report from Reuters last week stated that commodities firm Glencore (LON: GLEN) is assessing a potential approach for Anglo American (LON: AAL), a move that would not surprise analysts at Bank of America. 

Sam Boughedda
JD Wetherspoon Shares Rise as Sales Continue Recovery

Investors reacted positively to J D Wetherspoon's (LON: JDW) trading update for the 13-week period ending April 28 on Wednesday. The update indicated a steady recovery in sales following pandemic-induced challenges, helping p

Sam Boughedda
Boohoo: Revenue Drops 17% Amid ‘Challenging Market Backdrop’

Online fashion retailer Boohoo (LON: BOO) reported its full-year results for the 12 months ended February 29 on Wednesday, marked by a significant 17% decline in revenue compared to the previous year, reflecting the hurdles p

Sam Boughedda
FTSE 100 Closes At Record High – Recap Of Tuesdays’ Big Movers

London's premiere stock index, the FTSE 100, hit 52 week highs before setting the stage for a record close at 8313, marking a significant 100-point rise (1.22%) in Tuesday's session. Let's take a quick skim through yesterdays

Asktraders News Team
Palantir Takes A Tumble Post Earnings – Is The Stock Now A Buy? Analyst Views

The Palantir Technologies' (NYSE: PLTR) stock price gapped down this morning post-first-quarter earnings that beat on revenue. To understand the drop in spite of an earnings beat, you have to look to the weight of expectation

Asktraders News Team
BAE Systems (LON: BA) and Eaton Boost EV Offerings for Trucks

BAE Systems and power management company Eaton have announced an expansion of their strategic partnership, under which they will develop enhanced electric vehicle (EV) systems for heavy-duty trucks. This move will intensify t

Asktraders News Team
Shell Eyes $1 Billion Sale Of Malaysia Stations To Saudi Aramco

Royal Dutch Shell (LON: SHEL), the global oil giant, is currently in discussions with Saudi oil major Aramco to sell its gas station operations in Malaysia. Whil

Asktraders News Team
UBS Share Price Surging Following Strong Earnings

UBS Group AG (SWX: UBSG), Switzerland's largest bank, saw its shares surge by 9.52% following a report of robust quarterly earnings that exceeded market expectations. The

Asktraders News Team
Disney’s Earnings are in the Spotlight as Analysts Set a Positive Tone

Earnings season continues with another big name on Tuesday, as Disney report before the bell. With many of the market heavyweights having reported, eyes are now turning toward The Walt Disney Company.

Asktraders News Team
Sensex Dips, Nifty Sheds Gains Amid Volatile Trade

The Indian stock market witnessed a volatile trading session today, with major indices closing in the red. The BSE Sensex plunged about 400 points to close at 73,511.85, while the broader NSE Nifty settled at 22,302.50, dropp

Asktraders News Team
Tourism Projected to Account for 12% of UAE’s GDP

The United Arab Emirates (UAE) is on track to magnify its economic landscape through the tourism sector, projected to embody 12% of the country's GDP in the current year. This significant stride was highlighted during ATM 202

Asktraders News Team
BP Profits Shrink Amid Refinery Woes – Markets Unmoved

Energy giant BP reported a steep 40% drop in first-quarter earnings, which came in at $2.7 billion. This underperforming figure fell short of analyst expectations and marked a significant downturn from the company's financial

Asktraders News Team
Rivian Stock Up Strong In Premarket As Earnings Loom After Market Close

Investors and market spectators are closely monitoring Rivian Automotive (NASDAQ: RIVN) as it strides into the Q1 earnings season, facing amplified industry challenges that intertwine with demand flow and operational barriers

Asktraders News Team
Marathon Digital Shares Leap Despite Cryptocurrency Volatility

In an unexpected twist defying the subdued demeanour of the cryptocurrency market, shares of Marathon Digital Holdings (NASDAQ: MARA), a preeminent

Asktraders News Team
Nio & Rival BYD Rumoured To Be Entering Battery Supply Partnership

In a significant shift in China's electric vehicle (EV) landscape, homegrown EV maker Nio (HKG: 9866) has been rumoured to have e

Asktraders News Team
Apple Making AI Data Centre Moves

In a bold move that will send ripples through the technology sector,

Asktraders News Team
The FTSE 100 Jumps – Here’s What to Watch This Week

The FTSE 100 has started today's session and this shortened trading week on the front foot, climbing 1% to 8,293.35 in early Tuesday trading on May 7, 2024, following Friday’s 0.51% rise, which saw London’s blue-chip index cl

Sam Boughedda
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