Tomorrow (11 October) sees the release of third-quarter earnings from JPMorgan Chase (JPM:NYSE), America's biggest bank by market cap and the 12th-largest company in the S&P 500 index. With a market value of $445 billion and annual revenue of around $130 billion, which includes investment banking, corporate lending, retail banking and credit cards, the firm has become a bellwether for the US econo

From being one of the hottest properties in the market pre-pandemic, and having had a 'good crisis' as it were thanks to its hygiene division, global personal and household products group Reckitt Benckiser (RKT) now finds itself in the investment equivalent of the bargain bin.Shares in the Nurofen-to-Airwick-maker hit a new 10-year low this week after investors reacted badly to a US court ruling a

Shares fall on read-across from US verdictLiabilities could total up to $1.5 billionNews muddies potential unit saleShares in hygiene, health and nutrition products powerhouse Reckitt Benckiser (RKT) sank as much as 10% to around £40.40, their lowest level since 2013 after a US jury found Abbot Laboratories' (ABT:NYSE) specialised infant formula caused an Illinois girl to develop a dangerous bowl

Companies tend to list on the stock market when conditions look ripe for a healthy reception from investors so as to get a deal away at the best price.After a fallow period for IPOs (initial public offerings) in 2022/23, activity appears to be gathering pace buoyed by the FTSE 100 and FTSE All-Share notching up new all-time highs in recent weeks.In an unusual turn of events, London could benefit f

Investors in London bought at the open on Thursday, looking ahead to US GDP data this afternoon, while Anglo American shares jumped after it confirmed that it was ?reviewing? a takeover bid from its larger Australian rival BHP Group.The FTSE 100 index opened up 33.81 points, 0.4%, at 8,074.19. The FTSE 250 was down 98.85 points, 0.5%, at 19,620.52, and the AIM All-Share was down 0.60 of a point, 0

Digital coupons business jumps 17% post New York IPOJoins Reddit and Astera Labs as major new listings this yearAt $103.25 day one close, Ibotta market cap over $3 billionThere?s been plenty of talk about an IPO (initial public offering) market revival this year, and Ibotta?s (IBTA:NYSE) blistering New York debut will only bolster that narrative.On its first day as a public company, shares in the

Microsoft (MSFT:NASDAQ)-backed cybersecurity firm Rubrik (RBRK:NYSE) plans to raise up to $750 million as it becomes the latest company to unveil plans for an IPO (initial public offering) in the US. The roster of companies planning to go public is starting to fill out after two years of relative drought following recent successes by social media platform Reddit (RDDT:NYSE) and semiconductor conn

Major US indices notched-up further all-time highs this week on dovish comments from Fed chair Jay Powell in the press conference following the central bank?s decision to leave interest rates unchanged.The Fed?s summary of economic projections sees stronger economic growth and stickier inflation, but it still anticipates a couple of rate cuts later in the year.The small-cap, economically sensitive

?At least? £1 billion earmarked for buy-insPortfolio delivering strong resultsSignals confidence in portfolio valuationsFallen growth star Scottish Mortgage (SMT) has set aside at least £1 billion for share buybacks over the next two years as the FTSE 100 trust seeks to narrow its wide share price discount to NAV (net asset value), news which sent the shares up 2.1% to 797.2p on Friday morning.F

There has been a good deal of bullish commentary of around Oracle (ORCL:NASDAQ) this year as it finally starts delivering on its long-promised cloud growth.Year-to-date, the stock is up nearly 40%, and while most of that rally happened in the first half of the year, when investors began getting the growth bug again the shares put up double-digit gains in November.The Austin, Texas-based company ha

Global streaming platform Netflix (NFLX:NASDAQ) is due to report its third quarter results on 18 October with the entertainment sector just emerging from a period of turmoil.Analysts are forecasting revenue of $8.53 billion and earnings per share (EPS) of $3.50 is expected for the third quarter.In the second quarter Netflix reported revenue of $8.2 billion, just shy of the $8.3 billion forecast,

CRH chief executive tops list of dealsEx-GSK director sells stock awarded in 2020Redde Northgate chief also cashes inIn a quiet week for director deals one or two trades stood out, firstly the decision by Albert Manifold, chief executive of building materials firm CRH (CRH), to sell 58,346 shares at €51.48 last week, raising €3 million in proceeds. CRH's Dublin-listed shares are

All eyes will be on global streaming platform's Netflix (NFLX: NASDAQ) subscriber numbers when the company reports second quarter earnings on 19 July.The last set of subscriber additions, 1.75 million in the first three months of 2023, disappointed investors and caused its shares to fall 10% on the news.Netflix's shares have since recovered and are now trading around the $433 mark, up 135% over th

(Alliance News) - Stock prices in London were lower at midday on Monday, after an aborted uprising by the Wagner group in Russia over the weekend and hawkish moves from central banks over the past two weeks put investors in a risk-off mood.The FTSE 100 index was down 20.25 points, or 0.3%, at 7,441.62. The FTSE 250 was down 178.34 points, or 1.0%, at 17,883.99, and the AIM All-Share was down 4.94

European financial markets remained calm early Monday, after the dramatic turn of events in Russia over the weekend; however uncertainty about the fall-out from the failed mutiny by the Wagner mercenary army contributed to a risk-off investment atmosphere.'What has happened during this weekend shows that the war against Ukraine is cracking Russian power and affecting its political system,' EU fore

Will Ashtead continue to benefit from a US infrastructure boom?Tool hire firm reported its end-markets were 'robust with ongoing momentum' in MarchUS-focused construction equipment hire group Ashtead (AHT) is set to report its full-year results on 13 June with investors hoping for its recent strong performance to be sustained.In its third-quarter trading update in March, the company described its

(Alliance News) - Stock prices in London made a strong start on Monday, as announced cuts in oil production supported the price of Brent crude and the shares of oil majorsThe large-cap FTSE 100 index opened up 46.11 points, or 0.6%, at 7,653.39. The mid-cap FTSE 250 was up 79.65 points, 0.4%, at 19,228.96, and the AIM All-Share was up 2.00 points, 0.3%, at 791.58.The Cboe UK 100 was up 0.5% at 763

We suggested at the start of 2023 that commercial property stocks could prove to be a good bet this year, with valuations offering significant upward reversion potential from their depressed levels and dividend yields at the top end of their historic range.While valuations have improved slightly, if anything sentiment is even more negative than it was in January, especially after April's stubbornl

Life Science REIT (LABS:AIM) 61.5pLoss to date: 14.6%The trust, which specialises in owning properties leased to companies in the life science sector, raised £350 million when it launched in November 2021 and at the end of last year its portfolio was valued at £388 million.Its properties range from offices to labs and production facilities in the 'Golden Triangle', which stretches from Oxford an

Contrasting fortunes for 888 and Entain shareholders ahead of big updatesWilliam Hill's £19 million fine for gambling protection failures adds to compliance issues at new owner, 888Online gambling and gaming company 888 Holdings (888) will release full year results and a first quarter trading update on 14 April while larger peer Entain (ENT) will give a first quarter trading update on 18 April.In