The FTSE 100 reached a new intraday high above 10,945, driven by strong earnings from companies like Standard Chartered, Reckitt Benckiser, and Rio Tinto, which also announced increased dividends and share buybacks. Rising oil prices, fueled by renewed US-Iran tensions, supported energy stocks such as Shell and BP. Despite mixed global market signals and pressure on tech stocks, the FTSE's focus on cash returns and less exposure to AI tech helped it outperform. Investors now await the US Federal Reserve's interest rate decision and upcoming earnings from major US tech firms, which could influence market direction further.
Procter & Gamble reported Q4 revenue of $21.2 billion, slightly below analyst estimates, causing shares to fall over 3%. While adjusted EPS beat expectations at $1.43, revenue growth was flat organically and net earnings declined 16%. The company exp...
Procter & Gamble reported quarterly earnings per share of $1.43, slightly above Wall Street's estimate of $1.41, but its revenue of $21.2 billion fell short of the expected $21.38 billion. The company experienced weak demand, with organic revenue fla...
Procter & Gamble, a leading consumer goods company and Dividend King, is seeing a decline in analyst price targets from $162.52 to $152 over the past year, though Deutsche Bank remains optimistic with a $177 target. Despite a strong history of beatin...
This week, U.S. markets focus on the Federal Reserve's July meeting, key inflation data like Core PCE, and second-quarter GDP figures, alongside major tech earnings from Microsoft, Meta, Apple, and Amazon. Rising oil prices and geopolitical tensions ...
