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Does a 10% rise in earnings per share make National Grid plc a better buy than SSE plc?

It’s hard to overstate the benefits of a business enjoying a monopoly over something as essential to everyday life as electricity. Annual results released from National Grid (LSE: NG) today show just how beneficial that can be — a 6% rise … Continue reading

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Russia’s TMK sees flat core earnings in 2016

(Adds details, quotes, context) MOSCOW, May 19 (Reuters) – TMK, Russia’s largest maker of steel pipes for the oil and gas industry, expects its 2016 core earnings to be flat compared with last year, amid a stable Russian market and … Continue reading

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Cisco’s forecast tops Wall Street estimates; shares rise

The Cisco Systems logo is seen as part of a display at the Microsoft Ignite technology conference in Chicago, Illinois, May 4, 2015. REUTERS/Jim Young/File PhotoMore By Rishika Sadam (Reuters) – Network equipment maker Cisco Systems Inc reported better-than-expected results … Continue reading

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Wall Street bearish on Trump’s call to scrap financial reform law

A Wall Street sign is seen in Lower Manhattan in New York, January 20, 2016. REUTERS/Mike SegarMore By Emily Stephenson WASHINGTON (Reuters) – U.S. banking lobbyists said on Wednesday they disagree with presidential candidate Donald Trump’s call for a wholesale … Continue reading

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Viacom board votes to stop paying Sumner Redstone

Sumner Redstone, executive chairman of CBS Corp. and Viacom, arrives at the premiere of “The Guilt Trip” starring Barbra Streisand and Seth Rogen in Los Angeles December 11, 2012. REUTERS/Fred Prouser/File PhotoMore (Reuters) – Viacom Inc’s board voted on Wednesday … Continue reading

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U.S. dollar up on hawkish Fed; bank stocks rally

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 16, 2016. REUTERS/Brendan McDermidMore By Rodrigo Campos NEW YORK (Reuters) – The U.S. dollar rose to a three-week high on Wednesday on … Continue reading

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Veneto Banca cash call pre-marketing to start Friday – sources

MILAN (Reuters) – Pre-marketing of Veneto Banca’s cash call of up to one billion euros (0.75 billion pounds) will start on Friday, two sources familiar with the matter said on Wednesday. Last week, sources said the pre-marketing had been delayed … Continue reading

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U.S. dollar up on hawkish Fed view; banks boost stock indices

A man walks in front of an electronic board showing Japan’s Nikkei average outside a brokerage in Tokyo, Japan, April 18, 2016. REUTERS/Toru HanaiMore By Rodrigo Campos NEW YORK (Reuters) – The U.S. dollar rose to a three-week high on … Continue reading

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Wall Street turns higher as bank stocks offset retail shares

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 16, 2016. REUTERS/Brendan McDermidMore By Tanya Agrawal (Reuters) – Wall Street reversed course to trade slightly higher on Wednesday as the prospect … Continue reading

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European stock markets recover, boosted by banks

(Corrects headline to show stocks recovered) * ADVISORY- Reuters plans to replace intra-day European and UK stock market reports with a Live Markets blog on Eikon – see Open for site in development. See the bottom of the report for … Continue reading

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