4 hours ago
Rolls-Royce shares soar to 1-year high
Rolls-Royce shares hit a 52-week high on Friday, after rising about 190% in a year. The share price rose to 248 pence (308 cents).
The British aerospace and defense company has undergone major financial changes since CEO Tufan Erginbilgić took over in January and introduced a turnaround plan. .
The soaring price comes despite comments made by Emirates CEO Tim Clark about Rolls-Royce’s jet engines at this week’s Dubai Air Show.
CNBC’s Natasha Turak has more.
— Sophie Kiderin
5 hours ago
Biggest gainers: Volvo down 10%, Embracer Group up 8%, Siemens Energy up 5.5%
Shares in Volvo Cars fell sharply on Friday after Geely Automobile, the group’s Chinese parent company, began selling some of its shares.
The index was led by Swedish video game company Embracer Group, which gained 8.47% in the last session. Earlier this week, the company confirmed its full-year forecast, while also beating quarterly profit expectations.
Siemens Energy shares rose 5.57% earlier in the week after receiving guarantees from the German government, but the company has since posted significant losses for the entire fiscal year.
— Sophie Kiderin
8 hours ago
Volvo Cars falls by up to 12% after selling shares in parent company Geely
Shares in Volvo Cars fell on Friday after the carmaker’s parent company, Geely, began selling 100 million shares in the Swedish company.
As of 8:30 a.m. London time, Volvo shares were down 11.14%. Previously, it was down by up to 12%. According to Reuters, this was the lowest on record.
Zhejiang Geely Holding Group Said On Friday, the company announced that it would sell additional Volvo shares in line with its long-term strategy. According to the statement, Geely will continue to hold 78.7% of Volvo shares after the sale.
— Sophie Kiderin
9 hours ago
European Market: Click here for opening call
European markets are expected to open on Green Friday.
The UK’s FTSE 100 index is expected to rise 26 points to open at 7,434, Germany’s DAX is expected to rise 31 points to 15,818 and France’s CAC is expected to rise 14 points to 7,187, according to IG data. There is.
— Katrina Bishop
16 hours ago
CNBC Pro: Is it time to buy Siemens and HelloFresh after big stock moves? Here’s what analysts think
16 hours ago
CNBC Pro: Morgan Stanley analysts just struck a cautious tone on Alphabet.The reason is as follows
Google’s parent company Alphabet is one of the so-called “Magnificent Seven” stocks that investors are looking favorably on this year, but one analyst has some concerns.
Morgan Stanley has an overweight rating on the stock, but equity analyst Brian Nowak struck a cautious tone in an interview with CNBC, especially when compared to Meta and Amazon.
This comes after the bank lowered Alphabet’s price target from $155 to $150, with the stock up 11.4% from its Nov. 15 closing price.
CNBC Pro subscribers can read more here.
— Amara Balakrishna
