Markets
Kingfisher cautious on macro backdrop in United Kingdom and France
The ONE Kingfisher five year plan, which started in FY 16/17, was said to be starting to leverage the scale of the business by creating a unified company. Kingfisher announced in a statement this morning its sales had dipped 1.3 percent to £6 billion in the half-year ended July 31, while the group's retail profits had come in 4.6 percent lower at £467 million. [Full Article...]
Northrop Expands Missile Defense Offerings With Orbital ATK Buy
In other news, VP Lisa R. Davis sold 367 shares of the stock in a transaction on Tuesday, August 1st. Northrup expects to to make Orbital ATK its fourth business segment rather than breaking up the organization and integrating it into its existing businesses. [Full Article...]
Walmart will rely on permanent workers, not seasonal employees, for holidays
Wells Fargo & Company reaffirmed a "neutral" rating on shares of Wal-Mart Stores in a report on Tuesday, May 23rd. Brokerage houses, on average, are recommending investors to hold Chevron Corporation (CVX)'s shares projecting a $115.55 target price. [Full Article...]
FedEx to raise shipping rates for some services
The company had revenue of $15.70 billion during the quarter, compared to analysts' expectations of $15.56 billion. The company issued downbeat full-year guidance, looking for EPS of $12.00-$12.80 vs. Krilogy Financial LLC increased its holdings in shares of FedEx Corporation by 0.4% in the 2nd quarter. Zacks Investment Research downgraded shares of FedEx Corporation from a "buy" rating ... [Full Article...]
European Shares Seen Flat To Lower Ahead Of Fed Decision
Geopolitical tensions resurfaced after U.S. President Donald Trump threatened to totally destroy North Korea if necessary. ConocoPhillips gained 1.3 percent. In London, FTSE 100 dipped 0.05%, weighed by Paddy Power Betfair PLC (LON:PPB), whose shares plummeted 1.61% after the betting company was forced to apologize for allowing customers to bet on a dead former footballer becoming a manager. [Full Article...]
Aer Lingus pushes 'rescue' sale as Ryanair issues flight cancellations update
This amounts to over 95 per cent of customers affected by the controversial cancellations. The Dublin-based carrier - which is shelving up to 50 flights daily over the next six weeks - said it is aware of the issue and any customers who were double charged for seats or hold luggage will be refunded. [Full Article...]
Federal Reserve widely expected to hold interest rates steady this week
The reduction in assets marks another move to bring the financial crisis measures to an end. It bought the bonds to try to hold down mortgage and other loan rates and support a fragile economy. The pound meanwhile continued to shine against the dollar after the Bank of England indicated last week that it would probably tighten monetary policy itself very soon. [Full Article...]
General Mills to Post Figures for 1st Quarter of 2018
The company saw 6.21 million shares trade hands over the course of the day. One bright spot was the new Oui by Yoplait French-style yogurt product, which General Mills debuted in June. Foraker took pains to deny that leaving General Mills had anything to do with the company's "recent struggles as it works to position itself for another 150 years", and said the entrepreneurial opportunity was ri... [Full Article...]