Today’s Markets: Sentiment improved as earnings were right

Today’s Markets: Sentiment improved as earnings were right

Companies Greggs is sticking to year-round expectations Despite the challenging retail environment, the sausage seller Greggs (GRG) maintained its full-year trade expectations and kept cost inflation forecasts steady in its third-quarter trading update. The market liked what it heard, and the stock rose 10 percent. In the 13 weeks to October 1, total sales were…

‘Lukewarm’ market reaction to Vodafone and Three UK merger talks |  Business newspaper

‘Lukewarm’ market reaction to Vodafone and Three UK merger talks | Business newspaper

Vodafone and Three UK owner CK Hutchison have confirmed a Sky News report that they hope to strike a joint venture deal to create a market-leading mobile network by the end of the year. Sky News City editor Reported by Mark Kleinman discussions between Britain’s third and fourth biggest networks have intensified in recent weeks…

Asia-Pacific markets fall;  oil rose 2% on possible OPEC+ supply cuts

Asia-Pacific markets fall; oil rose 2% on possible OPEC+ supply cuts

CNBC Pro: Investment pro says ETFs are a $10 trillion opportunity — and reveals areas of “tremendous” value Exchange-traded funds offer the advantage of diversification, says Jon Maier, chief investment officer of Global X ETFs. He said the ETF market is “growing exponentially” and estimates it is worth $10 trillion. He names several opportunities for…

Pound latest: Liz Truss blames communication problems for market turbulence after ‘clear’ economic plan

Pound latest: Liz Truss blames communication problems for market turbulence after ‘clear’ economic plan

Liz Truss and Kwasi Kwarteng are “libertarian anarchists”, says RMT’s Mick Lynch Liz Truss admitted that she should have “laid the groundwork” better regarding the government’s mini-budget which caused dramatic upheavals in the market. She told the BBC’s Laura Kuenssberg on Sunday: “I’m afraid there is a problem that interest rates are going up around…

Why O&G Galp is betting on the Brazilian renewable energy market

Why O&G Galp is betting on the Brazilian renewable energy market

Portugal’s Galp will invest US$5 billion in Brazil over the next 10-15 years, mostly in oil and gas E&P, but also in renewable energy. Developing a 5GW wind and solar portfolio, the company is expanding its natural gas sales in the country, where it supplies fuel to 30 customers. Petrogal Brasil CEO and Galp Country…