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Europe open: Shares fall again, China data mixed; Richemont surges
European shares continued in downbeat mood on Friday after losses a day earlier snapped a nine-day winning streak, while luxury goods maker Richemont surged despite a fall in fourth-quarter sales.
China moves to spark housing market; Eco data paints mixed picture
The Chinese central bank moved again to help the struggling property sector on Friday by relaxing lending rules, as data showed house prices in major cities fell last month, while industrial production and retail sales data painted a more mixed economic picture.
Sirius Real Estate raises €59.9m in bond tap for acquisitions
Business park owner Sirius Real Estate said it had raised €59. 9m through a bond note issue to fund a “significant pipeline” of potential acquisitions.
FTSE 250 movers: Auction Tech surges after update; Tritax Bigbox slides
FTSE 250 (MCX) 20,767. 99 -0. 04%# .
Watches of Switzerland shares surge on 'cautiously optimistic' outlook, Q4 sales
Shares in Watches of Switzerland surged 15% on Thursday as the luxury timepiece retailer said it was “cautiously optimistic” about future trading after a 4% rise in sales in the final quarter of its financial year driven by a strong performance in the US.
Europe open: Stocks fall as ex-divs drag on corporate news
European shares were lower at the open as heavyweight stocks trading ex-dividend dragged on the benchmark Stoxx 600 index and investors digested US CPI data from Wednesday.
Europe midday: Shares down despite bullish Wall St, US data; Ex-divs weigh
European shares were lower as heavyweight stocks trading ex-dividend dragged on the benchmark Stoxx 600 index and investors digested US CPI data from Wednesday.
Japan GDP contracts more than expected, clouds BoJ rate plans
Japan’s economy unexpectedly shrank in the first quarter as consumers tightened their belts in response to stagnant wage growth, companies cut spending and exports fell.
Vistry lifts housebuilding target as forward sales surge
Vistry lifted its annual homebuilding target to more than 18,000 driven by a 10% year-on-year rise in forward sales.
FTSE 250 movers: IDS surges on new EP offer; Georgia banks tumble on unrest
FTSE 250 (MCX) 20,784. 13 0. 80%.
Keller shares surge after earnings upgrade
Shares in Keller surged by 20% after the geotechnical engineer said its annual earnings would be "materially ahead" of expectations after a strong performance in the first four months of the year.
Harland & Wolff hits back at 'misleading' report over possible closure
UK shipbuilder Harland & Wolff has dismissed "misleading and inaccurate" suggestions that it could close after a newspaper report stated the government was about to block a financial support package to keep the Belfast firm afloat.
Europe midday: Shares rally as eurozone exits recession
European shares rallied to a fresh record high at the open on Wednesday as the eurozone exited recession investors looked ahead to a widely anticipated US inflation release.
Europe open: Stoxx hits new high on earnings as investors eye US CPI
European shares rallied to a fresh record high at the open on Wednesday as investors digested another raft of corporate earnings and looked ahead to a widely anticipated US inflation release.
Hunting sees FY at top end after $145m Kuwait deal boosts order book
Global engineer Hunting said full-year earnings would be at the upper end of expectations after winning a $145m order with the Kuwait Oil Company.
Tritax EuroBox regears leases on Belgian asset
European logistics real estate company Tritax EuroBox said it had agreed a lease re-gear, a new lease and associated solar PV Power Purchase Agreement (PPA) at Logistics Park Bornem, Belgium.
Marshalls revenues fall 10% amid weak housing market
Landscaping and building products supplier Marshalls said revenues fell 10% in the four months to April 30 as weak demand in the housing and maintenance market continued, adding that it still expected flat profits for 2024.
OPEC holds production forecasts, plans to use OPEC+ outlook
OPEC held global oil demand forecasts on Tuesday, adding that there was some upside potential for economic growth this year and beyond, and said it would also start using production from the wider OPEC+ group for forecasts.
Europe midday: Shares flat as investors mull German survey data
European shares were flat on Tuesday as investors digested UK employment and German economic survey data, while on the corporate front shares in Delivery Hero surged by more than a fifth after it agreed to sell its Foodpanda delivery business in Taiwan for $950m to Uber.