Walter Cicchetti/iStock Editorial via Getty Images Italian energy group Eni ( E ) increased its share buyback by around 90% to 2.8 billion euros ($3.27B) on Friday, and improved its 2026 guidance on cash flow from operations. More on ENI Eni Returned Over 100% Since My Buy Call: Here Is How Much Upside Is Left Eni S.p.A. (E) Analyst/Investor Day - Slideshow Eni S.p.A. (E) Analyst/Investor Da...
Walter Cicchetti/iStock Editorial via Getty Images Italian energy group Eni ( E ) increased its share buyback by around 90% to 2.8 billion euros ($3.27B) on Friday, and improved its 2026 guidance on cash flow from operations. More on ENI Eni Returned Over 100% Since My Buy Call: Here Is How Much Upside Is Left Eni S.p.A. (E) Analyst/Investor Day - Slideshow Eni S.p.A. (E) Analyst/Investor Day Transcript Eni, Repsol plan to start exporting Venezuelan gas by 2031 - Bloomberg Eni makes major gas discovery offshore Indonesia
A bear statue stands outside the Frankfurt Stock Exchange on April 7, 2025 in Frankfurt, Germany. Florian Wiegand | Getty Images Futures data pointed to a broadly negative open in Europe on Friday, as uncertainty over U.S.-Iran peace talks weighed on investor sentiment. Pan-European Stoxx 50 futures were down 0.6% shortly before 7 a.m. in London (2 a.m. ET), with futures tied to London's FTSE 100 ...
A bear statue stands outside the Frankfurt Stock Exchange on April 7, 2025 in Frankfurt, Germany. Florian Wiegand | Getty Images Futures data pointed to a broadly negative open in Europe on Friday, as uncertainty over U.S.-Iran peace talks weighed on investor sentiment. Pan-European Stoxx 50 futures were down 0.6% shortly before 7 a.m. in London (2 a.m. ET), with futures tied to London's FTSE 100 and Paris's CAC 40 down 0.8% and 0.6%, respectively. German DAX futures were flat, and futures tied to Switzerland's SMI index were 0.6% lower. Investor attention remains focused on developments in the Middle East. On Thursday, U.S. President Donald Trump told reporters, "don't rush me," when questioned on a long-term deal with Iran. He also said he won't put a "timetable" on when the war will end. Overnight, it was reported that U.S. forces had boarded and searched another tanker thought to be carrying Iranian oil through the Indian Ocean. Oil prices edged higher on Friday morning, with global benchmark Brent crude futures adding 0.4% to settle at $105.44 a barrel, while U.S. West Texas Intermediate futures were marginally higher at $95.88. Back in Europe, investors will be monitoring another flurry of corporate earnings, with Eni, Orange, Volvo and Renault among the firms set to update shareholders on their finances. Economic data releases on Friday will include U.K. retail sales, French consumer confidence figures, and a German Ifo Business Climate update. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
(RTTNews) - Italian energy major Eni S.P.A. (E) reported Friday lower profit in its first quarter, despite growth in revenues and production amid the challenges of volatile energy markets.
(RTTNews) - Italian energy major Eni S.P.A. (E) reported Friday lower profit in its first quarter, despite growth in revenues and production amid the challenges of volatile energy markets.
Oil output from Persian Gulf nations has been running 14.5 million barrels a day below pre-war levels this month, according to Goldman Sachs Group Inc. , which estimated any resumption would take months. The region-wide total is 57% lower than before the outbreak of the Iran war, analysts including Daan Struyven said in an April 23 note. A possible restoration would likely take “a few months,” a s...
Oil output from Persian Gulf nations has been running 14.5 million barrels a day below pre-war levels this month, according to Goldman Sachs Group Inc. , which estimated any resumption would take months. The region-wide total is 57% lower than before the outbreak of the Iran war, analysts including Daan Struyven said in an April 23 note. A possible restoration would likely take “a few months,” a scenario based on a full-and-safe reopening of the Strait of Hormuz and no renewed strikes, they said. The global oil market is under increasing strain as the US and Israeli war against Iran heads toward a third month. Traffic through the Strait of Hormuz — which links the Persian Gulf to global markets — remains all but frozen, as both Tehran and Washington seek to impose blockades of ships. Global crude benchmark Brent is up for a fifth day, set for a weekly gain of 17%. “The longer the strait is effectively closed, the longer curtailments last, the slower the production recovery is likely to be,” the analysts said.
Frank Brennan/iStock Editorial via Getty Images About a year ago, I published my last article about the pharmaceutical company Bristol Myers Squibb Company ( BMY ), and I rated the stock as a “Buy” and also wrote that it is one of the better picks in the current market. I also wrote in my conclusion: We certainly should keep the disappointing study results in mind, but Bristol Myers Squibb raising...
Frank Brennan/iStock Editorial via Getty Images About a year ago, I published my last article about the pharmaceutical company Bristol Myers Squibb Company ( BMY ), and I rated the stock as a “Buy” and also wrote that it is one of the better picks in the current market. I also wrote in my conclusion: We certainly should keep the disappointing study results in mind, but Bristol Myers Squibb raising guidance despite the challenging macroeconomic environment is a good sign in my opinion. Of course, the risk always remains that the stock will drop even lower – and as I am writing this, investors seem not completely happy with the results and/or the guidance as the stock declined about 2%. But considering the limited risk for pharmaceutical companies in case of a recession and in light of tariffs as well as the low valuation multiples the stock is currently trading for, this is a risk we can take in my opinion. And even if we have to wait before the stock price moves higher, we can at least collect dividends in the meantime and a dividend yield above 5% is certainly tempting. Since my last article was published, the stock increased slightly above 21% (and when including dividends, investors gained even 27.5% in value). This is without much doubt a very good performance over one year, but we also must point out that Bristol Myers Squibb was probably not one of the better picks (as I wrote in my last article). The S&P 500 actually increased 29.6% in the same timeframe and therefore outperformed Bristol Myers Squibb (although the S&P 500 performance was mostly driven by only a few companies). In the following article, we will analyze that Bristol Myers Squibb has the potential to grow its revenue in the years to come and is trading for a very cheap valuation multiple. But we also must take into account that analysts are very pessimistic about the business and assume declining revenue for several years in a row. In the end, I will argue that Bristol Myers Squibb is still a s...
Playing one last song on a piano that cannot be retrieved from a fire-ravaged home is among the wishes of residents returning to the scene of the deadly Tai Po blaze, with one man climbing stairs on a fractured leg to try and recover a water boiler linked to his childhood memories. Some of those returning to their homes on Friday had lived in Wang Cheong House, the worst-hit block, where 81 of the...
Playing one last song on a piano that cannot be retrieved from a fire-ravaged home is among the wishes of residents returning to the scene of the deadly Tai Po blaze, with one man climbing stairs on a fractured leg to try and recover a water boiler linked to his childhood memories. Some of those returning to their homes on Friday had lived in Wang Cheong House, the worst-hit block, where 81 of the 168 deaths in the Tai Po fire occurred. Only five floors of the block – where 63 per cent of flats...
A former senior manager at a major Chinese cryptocurrency exchange has been acquitted by a Hong Kong court of secretly moving five million Tether, with a market value of about HK$39 million (US$5 million), to his own accounts six years ago. A seven-member High Court jury reached the verdict on Friday to find Chen Boliang, who used to work at cryptocurrency firm Huobi – now known as HTX – not guilt...
A former senior manager at a major Chinese cryptocurrency exchange has been acquitted by a Hong Kong court of secretly moving five million Tether, with a market value of about HK$39 million (US$5 million), to his own accounts six years ago. A seven-member High Court jury reached the verdict on Friday to find Chen Boliang, who used to work at cryptocurrency firm Huobi – now known as HTX – not guilty of accessing its platform to trade in the dark pool under an individual account he created with an...
Rolling coverage of the latest economic and financial news The threat of a new UK-US trade war has reared up again, after Donald Trump has threatened to impose tariffs on the UK if it does not drop its digital services tax on US social media firms. Speaking to reporters from the Oval Office on Thursday, the US president said: “We’ve been looking at it and we can meet that very easily by just putti...
Rolling coverage of the latest economic and financial news The threat of a new UK-US trade war has reared up again, after Donald Trump has threatened to impose tariffs on the UK if it does not drop its digital services tax on US social media firms. Speaking to reporters from the Oval Office on Thursday, the US president said: “We’ve been looking at it and we can meet that very easily by just putting a big tariff on the UK, so they better be careful. “If they don’t drop the tax, we’ll probably put a big tariff on the UK.” Continue reading...
(RTTNews) - Evotec SE (EVO, EVTG.DE, EVTCY.PK), a life science company, announced Friday that its CFO Paul Hitchin will leave the company on April 30, "citing personal reasons unrelated to Evotec."
(RTTNews) - Evotec SE (EVO, EVTG.DE, EVTCY.PK), a life science company, announced Friday that its CFO Paul Hitchin will leave the company on April 30, "citing personal reasons unrelated to Evotec."