UK Stocks Fall as U.S.-Iran Conflict Drives Oil Prices Higher
The FTSE 100 and other European indices declined as a third night of U.S. strikes on Iran and retaliatory attacks pushed crude oil prices sharply higher, souring investor sentiment.
Latest by Marcus Chen
BP Stock Rises on Strong Refining Outlook and Debt Reduction
Shares of the energy major gained after its second-quarter trading update pointed to a significant increase in refining margins and a lower net debt position, outweighing a planned impairment charge.
Ericsson Stock Plunges on Weak Q2 Results, Margin Warning
Shares in Ericsson fell sharply after the telecommunications giant reported a significant drop in second-quarter revenue and free cash flow, and warned of future margin pressure.
Pepco Stock Surges on €400 Million Buyback and Upgraded Outlook
Shares in the pan-European discount retailer hit a 52-week high after it launched a substantial share repurchase program at a premium, supported by a recent upgrade to its full-year financial guidance.
Ashmore Shares Fall Despite Strong Inflows and AuM Growth
The emerging markets asset manager reported a significant beat on net inflows and a 7% rise in assets under management, but its shares fell in a classic 'sell the news' reaction amid broader market caution.
Robert Walters Shares Fall Sharply After Q2 Fee Income Disappoints
Shares in the recruitment firm tumbled after its second-quarter trading update revealed a 4% decline in net fee income, driven by weakness in its core specialist recruitment division.
Norwegian Air Stock Hits 52-Week Low on Wider Q2 Loss
The budget carrier's shares fell sharply after it reported a Q2 operating loss of NOK 603 million, missing forecasts due to unexpected legal costs, high fuel prices, and the timing of the Easter holiday.
IQE Shares Climb 6.3% on $14 Million AI-Related Semiconductor Order
Shares of UK-based semiconductor wafer firm IQE surged after it secured a multi-year, $14 million production order to supply a global tech client for artificial intelligence and data center applications.
Balder Stock Falls After Q2 Profit Misses Analyst Expectations
Shares in Swedish property company Balder slid after its second-quarter profit from property management fell short of consensus estimates, driven by the deconsolidation of Norion Bank and signs of softening operational performance.