Latest news with #Orsted
Bloomberg
15-07-2025
- Business
- Bloomberg
Stock Movers: Barrett Redrow, B&M, Orsted
On this episode of Stock Movers: - Britain's biggest housebuilder Barratt Redrow Plc saw its annual sales fall short of previous guidance after weaker demand for its London homes, sending its share price plunging. The developer sold 16,565 homes in the year through June 29, despite saying in April it expected to sell between 16,800 and 17,200 units, according to a statement Tuesday. Barratt Redrow said this was mainly due to 'fewer international and investor completions than expected' in its London businesses. The company's share price fell as much as 13% in early trading, the most since September 2022 in the aftermath of former Prime Minister Liz Truss's mini budget. - B&M European Value Retail shares plunge as much as 14%, hitting their lowest level on record, after posting weaker topline growth than anticipated in the first quarter despite weak comparatives and favorable weather. Analysts note that this is the first formal update under CEO Tjeerd Jegen, with the focus at today's call on how he aims to improve growth. - Orsted climbs as much as 6.4% after Morgan Stanley upgrades the Danish offshore wind developer to overweight from equal-weight, saying in note that an improving risk/reward makes it 'worth a fresh look'. Analyst Rob Pulleyn says risks on legacy US projects are now declining, while renewables are 'at the turning of the cycle'.
Economic Times
15-07-2025
- Automotive
- Economic Times
European shares edge higher as US-EU trade talks hopes buoy sentiment
European shares nudged higher on Tuesday, driven by automobile stocks, as sentiment improved after U.S. President Donald Trump signalled a readiness to negotiate tariffs with the European Union. ADVERTISEMENT The pan-European STOXX 600 index gained 0.2% to 547.74 points, as of 0711 GMT. Other regional indexes also traded higher. On Monday, the European Union accused the U.S. of resisting efforts to strike a trade deal and warned of countermeasures if no agreement is reached. Trump, meanwhile, said he was open to talks with the EU and other trading partners, adding that EU officials would be coming to the U.S. for trade negotiations. Trump had escalated trade tensions over the weekend, threatening a 30% tariff on most EU imports from August 1. In the market, auto stocks rose 0.9%, technology stocks advanced 0.8%, while telecoms shares fell 0.8%. ADVERTISEMENT Orsted rose 5.5% after Morgan Stanley raised the Danish offshore wind developer to "Overweight" from "Equal Weight". On the data front, euro zone industrial production data for May and Germany's ZEW Economic Sentiment for July are due on Tuesday. ADVERTISEMENT In the U.S., earnings season is also set to begin on Tuesday, with second-quarter reports from major banks, while investors also await U.S. consumer price data for June due later in the day. (You can now subscribe to our ETMarkets WhatsApp channel)
Reuters
15-07-2025
- Automotive
- Reuters
European shares edge higher as US-EU trade talks hopes buoy sentiment
July 15 (Reuters) - European shares nudged higher on Tuesday, driven by automobile stocks, as sentiment improved after U.S. President Donald Trump signalled a readiness to negotiate tariffs with the European Union. The pan-European STOXX 600 index (.STOXX), opens new tab gained 0.2% to 547.74 points, as of 0711 GMT. Other regional indexes also traded higher. On Monday, the European Union accused the U.S. of resisting efforts to strike a trade deal and warned of countermeasures if no agreement is reached. Trump, meanwhile, said he was open to talks with the EU and other trading partners, adding that EU officials would be coming to the U.S. for trade negotiations. Trump had escalated trade tensions over the weekend, threatening a 30% tariff on most EU imports from August 1. In the market, auto stocks (.SXAP), opens new tab rose 0.9%, technology stocks (.SX8P), opens new tab advanced 0.8%, while telecoms shares (.SXKP), opens new tab fell 0.8%. Orsted ( opens new tab rose 5.5% after Morgan Stanley raised the Danish offshore wind developer to "Overweight" from "Equal Weight". On the data front, euro zone industrial production data for May and Germany's ZEW Economic Sentiment for July are due on Tuesday. In the U.S., earnings season is also set to begin on Tuesday, with second-quarter reports from major banks, while investors also await U.S. consumer price data for June due later in the day.
Yahoo
15-07-2025
- Automotive
- Yahoo
European shares edge higher as US-EU trade talks hopes buoy sentiment
(Reuters) -European shares nudged higher on Tuesday, driven by automobile stocks, as sentiment improved after U.S. President Donald Trump signalled a readiness to negotiate tariffs with the European Union. The pan-European STOXX 600 index gained 0.2% to 547.74 points, as of 0711 GMT. Other regional indexes also traded higher. On Monday, the European Union accused the U.S. of resisting efforts to strike a trade deal and warned of countermeasures if no agreement is reached. Trump, meanwhile, said he was open to talks with the EU and other trading partners, adding that EU officials would be coming to the U.S. for trade negotiations. Trump had escalated trade tensions over the weekend, threatening a 30% tariff on most EU imports from August 1. In the market, auto stocks rose 0.9%, technology stocks advanced 0.8%, while telecoms shares fell 0.8%. Orsted rose 5.5% after Morgan Stanley raised the Danish offshore wind developer to "Overweight" from "Equal Weight". On the data front, euro zone industrial production data for May and Germany's ZEW Economic Sentiment for July are due on Tuesday. In the U.S., earnings season is also set to begin on Tuesday, with second-quarter reports from major banks, while investors also await U.S. consumer price data for June due later in the day.
Business Recorder
15-07-2025
- Automotive
- Business Recorder
European shares edge higher as US-EU trade talks hopes buoy sentiment
European shares nudged higher on Tuesday, driven by automobile stocks, as sentiment improved after U.S. President Donald Trump signalled a readiness to negotiate tariffs with the European Union. The pan-European STOXX 600 index gained 0.2% to 547.74 points, as of 0711 GMT. Other regional indexes also traded higher. On Monday, the European Union accused the U.S. of resisting efforts to strike a trade deal and warned of countermeasures if no agreement is reached. Trump, meanwhile, said he was open to talks with the EU and other trading partners, adding that EU officials would be coming to the U.S. for trade negotiations. Trump had escalated trade tensions over the weekend, threatening a 30% tariff on most EU imports from August 1. In the market, auto stocks rose 0.9%, technology stocks advanced 0.8%, while telecoms shares fell 0.8%. European shares end lower as Trump's tariff threats keep markets on edge Orsted rose 5.5% after Morgan Stanley raised the Danish offshore wind developer to 'Overweight' from 'Equal Weight'. On the data front, euro zone industrial production data for May and Germany's ZEW Economic Sentiment for July are due on Tuesday. In the U.S., earnings season is also set to begin on Tuesday, with second-quarter reports from major banks, while investors also await U.S. consumer price data for June due later in the day.
