Articles by Daniel Marsh
FTSE 100 Gains on NatWest Buyback; Rio Tinto Halts Guinea Project
The FTSE 100 advanced 0.4% in early Monday trading, buoyed by NatWest's £750 million share buyback announcement. Beazley extended Zurich's takeover deadline, while Rio Tinto halted work at a key iron ore project following a fatal incident.
ASX 200 Edges Higher on Tech Rebound; Miners Weigh as Iron Ore Slumps
Australian shares closed modestly higher as a strong recovery in technology stocks offset significant declines among major mining companies. The benchmark index added 19.5 points to finish at 8,937.1.
Nairobi Bourse Hits Record High on Retail Surge, Asian Dividends Shine
The Nairobi Securities Exchange soared to a record market capitalization of Sh3.419 trillion, fueled by a retail trading boom. Separately, Asian dividend stocks are highlighted as stable income plays amid market volatility.
Morgan Stanley Gains as Inflation Data Shifts Rate Outlook
Morgan Stanley shares advanced 1.8% to close at $171.15 on Friday, buoyed by revised interest rate forecasts following January's inflation report. The financial institution also announced preferred dividend payments and filed its quarterly 13F.
Constellation Energy Soars on Grid Plan, Data Center Deals
Constellation Energy shares jumped 4.5% to $288.43, extending a 10% rally from early February. Trader focus is on a PJM Interconnection grid plan and new data-center power supply deals.
Verizon Shares Dip Ahead of Holiday, Executives Report Stock Transactions
Verizon shares declined 0.9% to $49.01 in Friday's session, underperforming major telecom peers. Recent SEC filings disclosed stock award vesting and related share disposals by several top executives.
Thermo Fisher Shares Extend Slide Amid Clario Acquisition Financing
Thermo Fisher Scientific shares declined 0.98% to $504.82 on Friday, extending a recent downturn. The company has raised $3.8 billion in senior notes to partially fund its acquisition of clinical data firm Clario.
GE Vernova Shares Dip Ahead of Holiday, Wind Losses Offset Grid Demand
GE Vernova shares declined 1.77% to $802.13 on Friday, retreating from recent highs ahead of the Presidents Day market closure. The company balances robust orders for gas turbines and grid infrastructure with persistent challenges in its wind segment.
Seagate Shares Dip Ahead of Holiday as $600M Debt Exchange Looms
Seagate Technology shares declined Friday, trailing storage sector peers, as the company moves forward with a plan to exchange $600 million in notes for cash and equity. Trading pauses for the Presidents Day holiday.