LONDON: The Board of Directors of Diageo plc has today appointed Sir Dave Lewis to the role of Chief Executive Officer and Executive Director, effective on 1 January 2026. Dave is a proven CEO with extensive marketing and brand building experience. He has an outstanding track record leading global consumer businesses, growing world-class brands, and…
Tag: FTSE 100
Experian acquires KYC360 to strengthen financial crime compliance in UK and Ireland
LONDON: Experian, the global data and technology company, announced Tuesday it has acquired KYC360, a regulatory technology firm specializing in anti-financial crime solutions, in a move aimed at enhancing its fraud prevention and compliance capabilities across the UK and Ireland. The acquisition will integrate KYC360’s Customer Lifecycle Management (CLM) suite into Experian’s Ascend platform, enabling…
U.S. stocks rebound despite inflation jitters; S&P 500 closes at record high
Dow Jones slips despite intraday rebound, weighed down by inflation concerns and rate cut uncertainty NEW YORK: U.S. stocks clawed back from early losses on Thursday, with investors once again buying the dip despite a hotter-than-expected wholesale inflation report that clouded hopes for a near-term Federal Reserve rate cut. The S&P 500 eked out a…
Stocks climb as Fed rate cut bets push indexes to record highs
Dow Jones jumps 409 points as rate cut bets fuel market surge NEW YORK: U.S. stocks rose Wednesday, extending their recent rally as growing expectations for a Federal Reserve rate cut in September propelled major indexes to fresh record highs. The Dow Jones Industrial Average jumped 409 points, or 0.9%, while the S&P 500 added…
Diageo CEO Debra Crew steps down; CFO Nik Jhangiani named interim chief
LONDON: Debra Crew has stepped down as chief executive officer of Diageo PLC after nearly two years in the role, the spirits giant said Wednesday, with Chief Financial Officer Nik Jhangiani appointed as interim CEO. The departure comes as the maker of Johnnie Walker whisky and Guinness beer pushes ahead with a cost-cutting and turnaround…
European stock markets edge higher; U.K. markets hit by political turmoil
U.K. equities slump as Reeves’ position triggers investor unease; European banking stocks shine LONDON: European stock markets closed slightly higher Wednesday, led by gains in continental banks and mining shares, while U.K. equities wobbled amid political uncertainty surrounding Chancellor Rachel Reeves. The pan-European Stoxx 600 index rose 0.2%, recovering from an earlier dip into negative…
Using Technical Analysis in Index Trading: Identifying Entry and Exit Points
In the world of finance, index trading holds a significant place, offering investors exposure to broad market trends and diversification benefits. However, navigating the complexities of the market requires more than just intuition; it demands a strategic approach backed by thorough analysis. This is where technical analysis steps in, providing traders with valuable insights to…
London shares’ prices dragged lower by the likes of Ocado and Airtel Africa
London stocks Tuesday dragged lower by the likes of Ocado and Airtel Africa. The FTSE 100 ended the session down 0.09% at 7,567.07, and the FTSE 250 lost 0.05% to 21,787.46. Sterling was meanwhile heading northwards, last trading up 0.15% on the dollar at $1.3556, and strengthening 0.35% against the euro to €1.1872. “For a…