Proactive - Interviews for investors

FTSE back on the front foot, Shell jumps on earnings beat and share buyback - Market Report

Episode Summary

The FTSE 100 enjoyed a bright start following news the Federal Reserve held interest US rates last night and ruled additional hikes ‘unlikely’. Shell gained as the market opened, after unveiling a new $3.5 billion share buyback on the back of better-than-expected first-quarter results. Embattled hospitality firm Revolution confirmed takeover interest from Piano Works owner Nightcap, as the group continues to eke out a survival plan. Publisher Reach pleased investors early on, as confidence in meeting full-year expectations despite lower first-quarter revenue sent shares 6% higher. In Europe, weight loss drug giant Novo Nordisk announced a production ramp-up on growing US patient numbers as first-quarter earnings beat expectations. And finally, Uber faced renewed pressure as news emerged London black cab drivers were to sue the company for £250 million on Thursday. #ProactiveInvestors #marketreport #ftse #ftse100 #footsie #shell #revolution #pianoworks #nightcap #reach #novonordisk #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews