34 minutes ago
Ocado shares fall 8.3%
Ocado online supermarket delivery van.
Mike Kemp | In Photo | Getty Images
Ocado shares rose to 8 in afternoon trade after the British online grocery retailer announced that its chairman Rick Haythornthwaite will step down next year to strengthen his commitment as group chairman of NatWest Bank. It fell by more than %.
By 1:55 p.m. London time, the stock had fallen 8.3%.
— Karen Gilchrist
4 hours ago
Eurozone retail sales fell 0.5% in February
Eurozone retail sales fell 0.5% in February, new preliminary data showed on Friday.
The drop was in line with economists' expectations and marked the third consecutive month of no increase in sales, throwing cold water on hopes for a consumer-led recovery.
On the other hand, the construction industry in the euro area decreased in March due to sluggish demand.
— Karen Gilchrist
4 hours ago
Stocks are on the rise: Delivery Hero is down 3.6%, Neste is up 2.6%
Reuters reports that activist investor Sachem Hed holds a 3.6% stake in the German delivery business and may be seeking the ouster of CEO Niklas Østberg. As a result, Delivery Hero's stock price fell 3.4% in morning trading.
Meanwhile, Finnish oil refiner Neste rose 2.6% after undergoing maintenance updates at its Porvoo refinery.
— Karen Gilchrist
5 hours ago
UK house prices fall for the first time in six months
Ugly Photo | Moment | Getty Images
British house prices fell 1% in March after rising for five straight months, new data from mortgage lender Halifax revealed on Friday.
Compared to the same month last year, prices rose 0.3%, lower than the 1.6% annualized increase recorded in February.
Kim Kinnaird, a director at Halifax Mortgages, said the decline was not surprising given the path to rate cuts remains uncertain.
“Financial markets are also less optimistic about the extent and timing of benchmark interest rate cuts as core inflation turns out to be more robust than widely expected. “The decline in mortgage interest rates has stalled.'' she said.
— Karen Gilchrist
13 hours ago
CNBC Pro: Most analysts raise their price targets for these 6 stocks, giving 1 stock 82% upside potential
Analysts became more bullish on six global stocks this week, raising their price targets.
The price target change comes ahead of the next earnings season, which covers the first quarter of this year.
CNBC Pro selects global stocks that have received price target increases from five or more analysts in the past seven days and have upside potential of more than 25%.
CNBC Pro subscribers can read more about the six stocks here.
— Ganesh Rao
13 hours ago
CNBC Pro: From Nvidia to Boeing: Portfolio managers reveal their favorite stocks right now
Portfolio manager Barbara Dolan revealed some of her favorite stocks and reiterated her bullish outlook for the broader stock market.
“People are reluctant to buy into this bull market because of years of deep skepticism,” he told CNBC. “But this is what bull markets do: They make new highs.” he said.
Her top companies include top-performing Nvidia and struggling aerospace giant Boeing.
CNBC Pro subscribers can read more here.
— Amara Balakrishna
7 hours ago
European Market: Click here for opening call
European markets are expected to trade mixedly on Friday.
According to IG data, the UK's FTSE 100 index is expected to open 38 points higher at 7,975, Germany's DAX is expected to rise 35 points to 18,403, France's CAC is down 2 points to 8,151 and Italy's FTSE MIB is expected to drop 26 points to 34,454.
Investors will be keeping an eye on the latest data on UK home sales, as well as eurozone retail sales and construction.
— Karen Gilchrist