FTSE 100-listed Smiths Group is to be broken up after the conglomerate announced plans for the separation of its Interconnect and Detection businesses. The move will allow Smiths to focus on flow and heat management through its remaining businesses of John Crane and Flex-Tek.
The FTSE 100 pushed further into record territory as trading got underway on Friday, climbing 25 points to a new all-time high of 8,671. Smiths Group (LON: SMIN) PLC surged 14.7% to head the early risers after detailing plans for a strategic shift, which it said would unlock significant value.
US stocks rose on Thursday, with the Nasdaq (^IXIC) and S&P 500 (^GSPC) eyeing a comeback as investors digested news that the US economy expanded slower than economists had expected in the last three months of the year.
Global shares are mostly higher in muted trading after the U.S. Federal Reserve opted not to cut interest rates for the first time since it began trying to help the economy through lower rates in Sept
Global shares are trading mixed after Wall Street’s tech superstars tumbled as a competitor from China raised doubts over the recent artificial-intelligence market frenzy. Shares rose in early Tuesday
Foreign exchange markets have an eye on central bank meetings in the US and Europe, but the big market mover may be earnings at Microsoft, Tesla and Meta.
Asian stock markets are trading mixed on Tuesday, following the mixed cues from Wall Street overnight, as traders are reluctant to
The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to move back to the upside after
The Japanese stock market is trading notably higher on Wednesday, snapping the three-session losing-streak, following the broadly
Tesla jumped 3.2% after CEO Elon Musk told analysts on a conference call that the company was on track to offer unsupervised “full self-driving” technology to its customers as a paid service starting in Austin in June. The electric car maker's fourth-quarter sales and profit fell short of Wall Street projections.
Stocks are ticking higher on Wall Street following a rush of profit reports from some of the country’s most influential companies. The S&P 500 rose 0.3% in early Thursday trading.
US tech giants' shares plunged on Monday as a new Chinese AI model sent shockwaves through the sector amid fears of its dominance