Author: franperez66q@protonmail.com
Investing.com — Hedge funds purchased global equities at the largest net dollar amount in four months in the week through June 4, just days before a sharp U.S. market selloff on Friday, according to Goldman Sachs Prime desk data. Long buying is said to have outpaced short selling throughout the week, with all major regions net bought. North America and Asian emerging markets led the flows, while single stocks and macro products were both net purchased, driven by long buying activity. On the sector front, hedge funds net bought consumer discretionary stocks for a fifth consecutive week and across every major…
Shares of weight loss drug maker Zealand Pharma plummeted as much as 26% on Monday after new data on its experimental medicine raised concerns over its potential side effects.The Danish drugmaker said that while its drug survodutide met its key targets in a late-stage study, 19% of patients dropped out of the study due to gastrointestinal events, compared to 2.9% on placebo.”Safety/tolerability remains the key issue,” said Barclays analysts in a note on Monday. The high discontinuation rate, with more than 40% of patients reporting vomiting, might limit the drug’s commercial potential as a treatment for obesity or those suffering from…
Investing.com — stock surged +6.1% to trade at 253.4p today after Jefferies analyst Mark Wilson dramatically raised his price target on the North Sea oil and gas producer to 350p from 210p, while keeping a Buy rating on the shares. The analyst described Ithaca as “a transformed investment case” since its business combination with Eni UK in 2024, and also pointed to media reports of discussions between BP and Ithaca on a potential UK North Sea deal. While noting that the companies have not commented, Jefferies viewed it as “reasonable” to see Ithaca as able to consider and execute such…
A pedestrian pushes a baby stroller past a red Vespa scooter outside a Banca Monte Dei Paschi Di Siena SpA bank in Pescara, Italy.Marc Hill | Bloomberg | Getty ImagesA bidding war over Italy’s Monte dei Paschi di Siena has erupted between rivals Intesa Sanpaolo and Banco BPM, with the two lenders vie for control of the world’s oldest bank.Intesa on Monday announced an unsolicited offer of 30.6 billion euros ($35.3 billion), hoping to usurp its rival and create Europe’s second-biggest bank by market capitalization. In a statement, its offer outlined a premium of 12.5% versus MPS’s closing share price on…
Zealand Pharma shares crash 26% as obesity drug side effects overshadow trial data Source link
Xi Jinping, general secretary of the Communist Party of China Central Committee and Chinese president, holds talks with Kim Jong Un, general secretary of the Workers’ Party of Korea and president of the State Affairs of the Democratic People’s Republic of Korea, at the Great Hall of the People in Beijing, capital of China, Sept. 4, 2025. Huang Jingwen | Xinhua News Agency | Getty ImagesChinese President Xi Jinping’s visit to Pyongyang is set to start on Monday, as Beijing tests its influence over a neighbor pulled increasingly into Russia’s orbit.The two-day trip will be Xi’s first to North Korea…
FTSE 100 today: Stocks down as Iran-Israel war reignites Source link
Watch live results from Jersey’s General Election as they’re declared, with Matthew Price. Source link
For years, Nokia didn’t just compete in mobile phones — it defined the category. From the iconic 3310 to the best-selling Nokia 1100, the Finnish company built a global empire on durable devices, mass-market appeal and an unmatched ability to scale. At its peak, Nokia was Europe’s most valuable company and one of the most dominant consumer tech brands in the world. But the smartphone era changed where value in the industry was created.For years, Nokia didn’t just compete in mobile phones — it defined the category. From the iconic 3310 to the best-selling Nokia 1100, the Finnish company built a global…
Taiwan stocks lower at close of trade; Taiwan Weighted down 1.33% Source link