DCC Stock Under Pressure as Short Bets Mount Ahead of Key Events
Markets Daniel Marsh

DCC Stock Under Pressure as Short Bets Mount Ahead of Key Events

DCC shares fell 0.7% in early London trading as disclosed short positions climbed to approximately 5.6% of outstanding shares. Market participants await upcoming corporate presentations and full-year financial results.

EWU
Shell Shares Near High as Strait of Hormuz Disruption Sends Oil Soaring
Commodities Rebecca Torres

Shell Shares Near High as Strait of Hormuz Disruption Sends Oil Soaring

Shell shares gained 1.6% to 3,073.5 pence, nearing a 52-week high, as Brent crude jumped up to 13% following attacks disrupting shipping in the Strait of Hormuz. FTSE futures declined 0.6% in early trading.

SHEL USO XLE
Shell Shares Near 52-Week High as Hormuz Disruption Sends Oil Soaring
Commodities Rebecca Torres

Shell Shares Near 52-Week High as Hormuz Disruption Sends Oil Soaring

Shell shares closed at 3,073.5 pence, up 1.6% and near a 52-week high, as Brent crude jumped up to 13% after attacks disrupted shipping in the Strait of Hormuz. OPEC+ agreed to a modest April output increase.

SHEL USO XLE
Ashtead Delists from London, Sunbelt Holdings Begins Dual Trading
Markets Daniel Marsh

Ashtead Delists from London, Sunbelt Holdings Begins Dual Trading

Ashtead Group plc has been delisted from the London Stock Exchange, with its restructured parent, Sunbelt Rentals Holdings, commencing trading on both the London and New York exchanges. The move triggers index changes and shifts the primary listing to the United States.

EWU
Ashtead Delists from London as Sunbelt Rentals Debuts on Dual Exchanges
Markets Daniel Marsh

Ashtead Delists from London as Sunbelt Rentals Debuts on Dual Exchanges

Ashtead Group plc has been removed from the London Stock Exchange following a court-approved restructuring. Its new U.S. parent, Sunbelt Rentals Holdings, commenced trading on both the London and New York exchanges on Monday.

EWU
RELX Issues New Shares Amid Ongoing Buyback, Investors Eye Annual Report
Markets Daniel Marsh

RELX Issues New Shares Amid Ongoing Buyback, Investors Eye Annual Report

RELX PLC is issuing 80,000 new ordinary shares through its employee purchase plan as its £450 million share repurchase program continues. The stock has gained 15% since late February.

RELX
RELX Issues New Shares Amid Ongoing Buyback Program
Markets Daniel Marsh

RELX Issues New Shares Amid Ongoing Buyback Program

RELX PLC is issuing 80,000 new ordinary shares through its employee purchase plan as the company continues a £450 million share repurchase program through March 20.

RELX
WiseTech Global shares drop amid AI restructuring, CEO purchase
Technology Sarah Chen

WiseTech Global shares drop amid AI restructuring, CEO purchase

WiseTech Global shares declined 4.7% as the market weighs its AI-led overhaul involving 2,000 job cuts. CEO Zubin Appoo purchased A$1 million in shares last week.

XLK
WiseTech Shares Drop Amid AI Restructuring, CEO Purchase
Technology Sarah Chen

WiseTech Shares Drop Amid AI Restructuring, CEO Purchase

WiseTech Global shares declined 4.7% as the market weighs its AI-led overhaul involving 2,000 job cuts. CEO Zubin Appoo purchased A$1 million in shares last week.

XLK
CAR Group Shares Drop 4% Amid Tech Selloff, ASX 200 Holds Record
Markets Daniel Marsh

CAR Group Shares Drop 4% Amid Tech Selloff, ASX 200 Holds Record

CAR Group shares declined 3.9% to A$25.50, underperforming a flat ASX 200 that closed at a record high. Market focus shifts to upcoming GDP figures and the company's dividend eligibility date.

CAR
CAR Group Shares Drop 4% Amid Tech Sell-Off, ASX 200 Hits Record
Markets Daniel Marsh

CAR Group Shares Drop 4% Amid Tech Sell-Off, ASX 200 Hits Record

CAR Group shares declined nearly 4% on Monday, underperforming a flat ASX 200 that closed at a new record. The tech sector led losses as risk appetite waned.

CAR
Wesfarmers Gains Amid ACCC Scrutiny of Bunnings-Uber Eats Pact
Regulation James Calloway

Wesfarmers Gains Amid ACCC Scrutiny of Bunnings-Uber Eats Pact

Wesfarmers Limited closed higher following a complaint filed with regulators over Bunnings' exclusive delivery partnership with Uber Eats. The company's dividend reinvestment plan pricing window is now open.