Latest News
USDCAD Traded Flat Today on Weak US and Canadian Jobs Data
The USDCAD currency pair was trading almost flat the day after the release of downbeat jobs data from the Canadian and US dockets. The nonfarm payrolls released from the US missed expectations, as did the labour market report
Amazon Share Price Rallies 10.1% on Q2 Revenue and Profit Beat
The Amazon.com, Inc. (NASDAQ: AMZN) share price rallied 10.12% after releasing its financial results for the second quarter ended June 30, 2023. The company’s revenues increased 11% to $134.4 billion in Q2 2023 compared to $1
Spirit Airlines Stock Price Fell 7.14% on Weak Q2 Earnings Results
The Spirit Airlines Inc (NYSE: SAVE) stock price fell 7.14% after releasing the earnings results for the second quarter of 2023. The company revealed that its total operating revenues for the second quarter of 2023 were $1.4
Tesla Stock Rises on Upbeat July China Vehicle Delivery Numbers
The Tesla Inc (NASDAQ: TSLA) stock price rose 2% after the China Passenger Car Association (CPCA) released data on EV sales in the country. The July deliveries data revealed that Tesla’s EV deliveries fell by 31% from June fi
Helium One (HE1) Shares Edged 3.31% Lower on Board Changes
The Helium One Global Ltd (LON: HE1) share price edged 3.31% lower after announcing several board changes. The company noted that Robin Birchall has decided to immediately step down from his Non-Executive Director position to
Capita Shares Plunged 16.5% on a Half-Year 2023 Loss of £67.9M
The Capita PLC (LON: CPI) share price plunged 16.5% after releasing its half-year results. The company revealed its adjusted revenues increased 6% to £1.4 billion from £1.3 billion in H1 2022. Still, the company reported a pr
WPP Shares Dropped 8.14% on Q2 and H2 Results As Profits Fell
The WPP PLC (LON: WPP) share price dropped 8.14% after its H1 and Q2 2023 financial results. The world’s largest advertising company's profits fell 51.2% to £204 million from £419 million in the first half of 2022.Â
Argo Blockchain (ARB) Shares Fell 4.71% on July Operations Update
The Argo Blockchain PLC (LON: ARB) share price fell by 4.71% after its operational update for July 2023. The company mined 129 Bitcoin or Bitcoin Equivalents (together, BTC), or about 4.2 BTC per day. This was an 11% drop fro
Kodal Minerals’ Share Price Surged 23.4% on a $3.5M Prepayment
The Kodal Minerals PLC (LON: KOD) share price surged 23.4% after announcing it received a $3.5 million prepayment from Hainan Mining Co. Limited as part of the funding package agreed between the two firms and announced on 19
3 Oil & Gas Stocks That Could Benefit From New North Sea Licenses
The UK government announced this week that hundreds of new oil and gas licenses will be granted in the UK in a bid to reduce energy imports. The news has been met with a mi
US Dollar Index (DXY) Rises Despite US Debt Rating Downgrade
The US Dollar Index (DXY) was trading up over 47 pips as the dollar rallied against most of its peers, extending an uptrend that has been in place since mid-July 2023. The index has rallied higher today despite yesterday’s do
AMD Shares Edged 2.7% Higher As Its Q2 Results Beat Estimates
The Advanced Micro Devices, Inc. (NASDAQ: AMD) stock price edged 2.70% higher after releasing its Q2 2023 earnings results. The company revealed that its revenues fell 18% to $5.4 billion from the $6.6 billion recorded in a s
Li Auto Stock Is Up 103.9% This Year. Will the Rally Continue?
The Li Auto Inc (NASDAQ: LI) stock price has risen 103.9% since the year started, buoyed by positive investor sentiment despite the ongoing price war between EV manufacturers. The company remains the leading Chinese EV compan
Haleon Shares Fell 2.57% Despite Upbeat Half-Year 2023 Results
The HALEON PLC (LON: HLN) share price fell 2.57% after releasing its unaudited financial results for the six months ended 30 June 2023. The company’s revenues rose 10.6% to £5.74 billion, with organic growth of 10.4%, with pr
BAE Systems’ Share Price Rallied 6.55% After H1 Profits Surge
The BAE Systems plc (LON: BA) share price rallied 6.55% after releasing its financial result for the half-year ended 30 June 2023. The company noted that its sales rose 11% to £12.02 billion compared to the £10.58 billion re
Taylor Wimpey Share Price Rose 5% After H1’23 Profits Fell 44.5%
The Taylor Wimpey plc (LON: TW) share price rose 5% after releasing the financial results for the first half of its fiscal year ended on 2 July 2023. The company reported that its revenues fell 21% to £1,64 billion from last
AUDUSD Falls After the RBA Leaves Interest Rates Stable at 4.1%
The AUDUSD currency pair was trading down over 108 pips as the US dollar rallied higher against the Australian dollar, pushing the pair lower. The Reserve Bank of Australia’s (RBA) interest rate decision triggered the bearish
Birkenstock IPO Could Value It at $8Bn Amid ‘Barbie’ Movie Feature
Birkenstock, the maker of the iconic sandals that have existed since 1774, is rumoured to be preparing for a potential IPO in September. The company’s iconic sandals were recently featured in the Barbie movie, which triggered
Greggs Share Price Dropped 8.4% Amid H1 2023 Interim Results
The Greggs plc (LON: GRG) share price fell 8.39% after releasing its financial results for the 26 weeks (half-year) ended on 1 July 2023. The bakery chain revealed that its revenues rose 21.5% to £844 million from the £694.5
Aston Martin (AML) Shares Fell 7.24% on a £216.1M Capital Raise
The Aston Martin Lagonda Global Holdings PLC (LON: AML) share price fell 7.24% after announcing the results of the non-pre-emptive share placing of new ordinary shares of £0.10 each in the capital of the Company announced on
