U.K. stocks traded higher on Friday after strong U.S. GDP data boosted hopes of a soft landing for the world\'s largest economy. The benchmark FTSE 100 was up 59 points, or 0.7 percent, at 8,245 after gaining 0.4 percent in the previous session. Lender NatWest jumped 7 percent after lifting its full-year revenue forecast. AstraZeneca...
France\'s consumer confidence improved slightly in July ahead of Olympic Games, survey results from the statistical office INSEE showed on Friday. The consumer confidence index climbed to 91 in July from revised 90 in June. The index remained below its long-term average. The score was forecast to rise to 90 from June\'s initially estimated value...
European stocks were broadly higher on Friday after strong U.S. GDP data boosted hopes of a soft landing for the world\'s largest economy and paved the way for the Federal Reserve to cut interest rates soon. Earlier this week, a former Fed hawk said waiting for September to cut rates \"unnecessarily increases the risk\" of...
Eurozone consumers\' inflation expectations remained stable in July, the latest consumer expectations survey published by the European Central Bank showed on Friday. Inflation expectations for the coming year was steady at 2.8 percent after having fallen in May to their lowest level since September 2021. Inflation expectations for the next three years also remained unchanged...
Indian shares rallied on Friday after falling for five consecutive sessions. Firm global cues helped boost sentiment after data showed the U.S. economy expanded faster than expected and inflation slowed in the second quarter, suggesting a soft landing is in sight for the world\'s largest economy. Markets have raised their expectations for three rate cuts...
Hanjaya Mandala Sampoerna Tbk (HMSP), a cigarette manufacturer with the highest market capitalisation in Indonesia, scores net profit of IDR 3.32 trillion in the first half (H1) of 2024. HMSP’s net profit in H1 2024 reportedly declined 11.47% year-on-year (yoy) from H1 2023, in which HMSP managed to score net profit of IDR 3.75 trillion....
JAKARTA -PT Unilever Indonesia Tbk (UNVR) pocketed net profit of IDR 2.46 trillion in the first half (H1) 2024, sloping from IDR 2.75 trillion seen in H1 2023. This decline is in line with the revenue slippage in the same period. Based on Financial Report of H1 2024 quoted Wednesday (24/7), the issuers reported revenue...
JAKARTA – Although PT GTS Internasional Tbk’s (GTSI) revenue increased in H1 2024, its net profit significantly dropped by up to 150.32% year-on-year (yoy). This massive downturn resulted from increased cost of revenue and financial expenses. According to Financial Report of H1 2024 of GTSI quoted today (24/7), GTSI’s revenue was recorded at USD 15.27...
JAKARTA - This July, PT Bank Neo Commerce Tbk (BBYB), a banking company, held a rights issue that changed the share portion held by a number of its major investors. PT Akulaku Silvrr Indonesia gained358.35 million shares on Friday, July 19, increasing its share portion from 27.32% to 29.42%. AsPT Gozco Capital did not take...
JAKARTA -PT Dian Swastatika Sentosa Tbk (DSSA), the energy and infrastructure subsidiaryof Sinarmas Group, formally carried out a stock split with a ratio of 1:10. The issuer\'sholdings of shares increased tenfold on Monday, July 22, from 154.10 million to 1.54 billion, while the proportion of shares stayed at 20%. Additionally, PT Fersindo Nusa Jaya raised...