49 Mins Ago
SSE CEO: Need to compete with Europe and the U.S.
Alistair Phillips-Davies, CEO of SSE, says more investments needed to ensure flexible and security of energy.
An Hour Ago
Europe stocks fall
European stocks were sharply lower early Wednesday, with the benchmark Stoxx 600 index down 1.4% and all sectors and major bourses trading in the red.
Auto stocks fell 2.3% and mining dropped 2.25%. France’s CAC 40 was down 1.54%, with the U.K.’s FTSE 100 and Germany’s DAX lower by 1.4% and 1.3%, respectively.
See Chart…
Stoxx 600 index.
3 Hours Ago
UK inflation falls below 10% for the first time since August
U.K. inflation dropped sharply in April, as energy prices retreated and the impact of Russia’s invasion of Ukraine began to drop out of the annual consumer price comparison.
Headline CPI inflation came in at 8.7% year-on-year, the Office for National Statistics said, down from 10.1% in March but above a consensus estimate of 8.2% from a Reuters poll of economists.
— Elliot Smith
9 Hours Ago
CNBC Pro: Goldman Sachs loves Uber, Meta and Amazon — and ranks them in order of preference
Goldman Sachs has named Amazon, Uber, and Meta as three tech stocks that offer the “most compelling risk/reward” looking ahead to the rest of the year.
In a note to clients on May 19, Goldman also ranked the three companies in order of preference.
CNBC Pro subscribers can read more here.
— Ganesh Rao
9 Hours Ago
CNBC Pro: Fund manager reveals an overlooked corner of healthcare with big opportunities
There’s an opportunity for investors in pharmaceuticals that’s been “underrepresented for a very long time,” according to fund manager Philip Ripman of Storebrand Asset Management.
He names three stocks to play the theme.
CNBC Pro subscribers can read more here.
— Weizhen Tan
6 Hours Ago
European markets: Here are the opening calls
European markets are expected to open in negative territory Wednesday.
The U.K.’s FTSE 100 index is expected to open 32 points lower at 7,727, Germany’s DAX 74 points lower at 16,074, France’s CAC 37 points lower at 7,345 and Italy’s FTSE MIB 124 points lower at 27,074, according to data from IG.
Earnings are set to come from M&S, SSE, Aviva and Julius Baer. Data releases include U.K. inflation figures for April and Germany’s Ifo survey of current business conditions.
— Holly Ellyatt
