Healthcare kit maker DexCom (DXCM:NASDAQ) saw $15 billion swiped from its market value overnight after the company posted a big second quarter miss and slashed its Q3 guidance. Previously valued at more than $42 billion, the San Diego, California-based firm saw its stock price plunge 37% in after-hours trading, leaving the market valuation at barely $27 billion. UK investors may not be familiar...

After seeing shares in high-street rival Lloyds Banking Group (LLOY) sag yesterday on mixed results, investors in NatWest Group (NWG) had low expectations coming into today's first-half update so the strong performance came as a pleasant surprise. The shares, which had already gained more than 50% this year, powered ahead by 8% or 27p to a new post-pandemic high of 365p. PLENTY OF POSITIVES For...

Drax (DRX) shares powered up 12.5% to a 52-week high of 636p after the renewable energy generator delivered strong first-half results, issued a positive full-year outlook and said it would shortly begin a £300 million share buyback. Investors were wowed by Drax's smoking-hot results for the half to 30 June, which showed a 37% surge in pre-tax profit to £463 million. Drawing confidence from th...

London's FTSE 100 was on the up in early trade on Friday, and it looks set to register a weekly gain despite what has been a tricky few days for global counterparts. US tech sell-offs and poorly-received earnings in Europe have kept investors on their toes this week, but the FTSE 100 has been resilient and is up around 1% so far this week. Focus in the afternoon turns to US data, with the relea...

It has been a very mixed week for US stocks as the big tech names which had led indices to fresh records in 2024 were on the retreat. The catalyst for the sell-off was concern about AI and, notably, Alphabet's (GOOG:NASDAQ) plans to spend heavily in this area without much indication of when this investment might pay off. Notably, outside of tech it was a happier picture for Wall Street with the...

Stock prices in London were a mixed bag at the close on Thursday, ahead of PCE data from the world's largest economy. On Friday, the core personal consumption expenditures inflation reading for June, the Federal Reserve's preferred measure, is scheduled for release. The FTSE 100 index closed up 32.66 points, 0.4%, at 8,186.35. The FTSE 250 ended down 66.49 points, 0.3%, at 20,884.35, and the AI...

Stocks in Europe took a hit on Thursday, with eyes on US economic data due out this afternoon and on Friday. The FTSE 100 index traded down 59.21 points, or 0.7%, at 8,094.48. The FTSE 250 was down 224.81 points, 1.1%, at 20,726.03, while the AIM All-Share fell 7.50 points, 1.0%, at 769.14. The Cboe UK 100 was down 0.7% at 807.67, the Cboe UK 250 dropped 1.2% to 18,129.36, and the Cboe Small Co...

Another quarter of improving volumes, positive progress with its cost-cutting drive and a massive upgrade to full year margin guidance were key reasons why consumer goods goliath Unilever (ULVR) led the FTSE 100 higher today. The planned sale of its ice cream division, which could fetch as much of £15 billion, alongside the decision to cut 3,200 office jobs in Europe, have begun to revitalise...

With the earnings season in full swing, attention turned to high-street lender Lloyds Banking Group (LLOY), the first of the 'Big Four' to report, and while earnings may have topped estimates there was little in the way of celebration. The shares, which have had a good run this year gaining 24%, opened down 2.7p or 4.5% to 57p before recovering to trade at 58.9p for a loss of 1.2%. LOWER CHARGE...

European equities nursed heavy losses at the open on Thursday, as investors weighed a mixed bag of earnings and hefty losses in US markets. Still, the FTSE 100 index traded down 60.56 points, or 0.7%, at 8,093.13. The FTSE 250 was down 201.65 points, 1.0%, at 20,749.19, while the AIM All-Share fell 5.35 points, 0.7%, at 771.29. The Cboe UK 100 was down 0.7% at 807.72, the Cboe UK 250 dropped 1....

The FTSE 100 finished lower at the close on Wednesday, as tech earnings weighed on equities across the pond, despite figures showing a strong result for UK business activity in July. The FTSE 100 index closed down 13.68 points, 0.2%, at 8,153.69. The FTSE 250 ended down 140.65 points, 0.7%, at 20,950.84, and the AIM All-Share closed down 3.53 points, 0.5%, at 776.64. The Cboe UK 100 ended down...

Booming cloud services and improving profits from its US marketplace are key reasons why Amazon (AMZN:NASDAQ) is the top megacap pick for analysts at investment bank Morgan Stanley. According to Morgan Stanley, which raised its target for Amazon stock to $240, investors can expect strong growth from its cloud computing infrastructure leader Amazon Web Services (AWS). They reckon AWS needs to gr...

London's stocks were shaky going into Wednesday afternoon, despite data showing a pick up in UK private sector growth. Amongst individual stocks, easyJet was flying after it said it is on track to deliver another 'record-breaking summer'. The FTSE 100 index traded 13.83 points lower, or 0.2%, at 8,154.04. The FTSE 250 was down 58.02 points, 0.3%, at 21,033.47, while the AIM All-Share was down 1...