Tag: commodity
Intercede Group Shares Rise on Market Beat Forecast
[ad_1] By Ian Walker Intercede Group shares rose as much as 18% after the company said that it expects to beat fiscal 2024 market forecasts following the award of a new contract, together with its existing order pipeline. Shares at 1425 GMT were up 13.50 pence, or 14.5%, at 106.50 pence having peaked at 110.0 pence earlier in the session. The London-listed cybersecurity company said Wednesday that it has been awarded a license order worth $1.0 million with a new client in the U.S. intelligence community. The client will also pay an annual subscription of $200,000, it said. The company ... Read more
Energy Stocks Could Struggle in 2024. Analysts Still Like These 11.
[ad_1] Energy By Avi Salzman Dec 24, 2023, 3:30 am EST Share Reprints What OPEC giveth, OPEC can also take away. That, in a nutshell, is the problem for most oil stocks heading into 2024. Continue reading this article with a Barron’s subscription. View Options [ad_2] Source link
Sticky inflation in a key part of the economy is the biggest barrier to Fed rate cuts
[ad_1] The Federal Reserve is winning the battle against high inflation, but the fight is not over yet, a parade of senior bank officials told Wall Street this week. Why the stern lecture? Fed insiders appear to have been taken by surprise by a big market rally after the central bank left a key short-term interest rate unchanged last week. Stocks jumped to a record high and long-term rates fell sharply. Giddy investors viewed the Fed decision and encouraging words from its chair, Jerome Powell, as a sign the central bank would begin to cut interest rates starting in March ... Read more
Vodafone shares surge after Iliad proposes $11.4 billion merger of Italian units
[ad_1] Vodafone VOD, +5.98% shares surged on Monday after French telecoms company Iliad submitted proposals to merge its Italy operations with the British firm’s own struggling Italian business, in a deal worth €10.45 billion ($11.4 billion). Vodafone Italia will be merged into the new company – dubbed NewCo – as its parent company has struggled to boost the Italian unit’s performance amid a price war in the country’s phone market. Shares in Vodafone surged 7% on Monday, having lost 20% of their value over the previous 12 months. Under the proposals, Iliad, which is majority owned by French billionaire Xavier ... Read more
