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HIK - Hikma Pharmaceuticals News Story

2650p 11.0  0.4%

Last Trade - 18/09/20

Sector
Healthcare
Size
Large Cap
Market Cap £6.11bn
Enterprise Value £6.50bn
Revenue £1.77bn
Position in Universe 133rd / 1807

LIVE MARKETS-Opening snapshot: Waiting for U.S. data

Fri 7th August, 2020 8:40am
Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters. You can share your thoughts with Joice Alves (joice.alves@thomsonreuters.com) and Julien Ponthus (julien.ponthus@thomsonreuters.com) in London and Stefano Rebaudo (stefano.rebaudo@thomsonreuters.com) in Milan. OPENING SNAPSHOT: WAITING FOR U.S. DATA (0738 GMT) European stocks are flat in early trade ahead of U.S. job data, with sentiment in check amid worries about U.S.-China tensions coupled with coronavirus surging cases across the world. In the pan European STOXX 600 .STOXX index, cyclicals lead losses, with autos 0.9% lower and banks down 0.8%. While telecom shares are up 1%. Shares in Prosus PRX.AS are among the worst performers, down 5%, after president Donald Trump banned U.S. transactions with two popular Chinese apps, Tencent's WeChat and ByteDance's Tiktok. Prosus has a big stake in Tencent 0700.HK . Hikma HIK.L stocks are up 7% after the company raised its 2020 sales outlook. (Stefano Rebaudo) ***** ON THE RADAR: ROLLS ROYCE, PROSUS, BP (0644 GMT) European stocks are poised to open flat as it seems that investors aren't willing to take position ahead of U.S. job data, which might further dampen hopes of an economic recovery. Worries about U.S.-China tensions and rising virus cases are also keeping sentiment in check. On the corporate front, BP BP.L is preparing to sell a large chunk of its oil and gas assets even if crude prices bounce back from the COVID-19 crash because it wants to invest more in renewable energy. urn:newsml:reuters.com:*:nL8N2F75VR Activist shareholder ValueAct Capital Management has sold its entire stake in Rolls-Royce Holdings RR.L almost five years after becoming its biggest shareholder, the Financial Times reported, citing people familiar with the matter. Shares in Prosus PRX.AS could take a hit as the company’s biggest investment is in Tencent 0700.HK (WeChat), which was banned by U.S. president Donald Trump. Outokumpu OUT1V.HE second-quarter core operating profit halved from a year ago. urn:newsml:reuters.com:*:nL8N2F91AO Casino CASP.PA , which has been battling to cut its debt burden, suffered a downgrade from credit rating agency Moody's to 'B3' from 'B2', with a "stable" outlook. urn:newsml:reuters.com:*:nFWN2F81FX British asset manager Standard Life Aberdeen's SLA.L pre-tax profit fell 30% in the first half due to the impact of the coronavirus pandemic. urn:newsml:reuters.com:*:nASN000AIJ (Stefano Rebaudo) ***** MORNING CALL: GEOPOLITICS AND U.S. STIMULUS (0533 GMT) European stock futures are in the red along with their U.S. peers as geopolitical tensions are stealing the stage once again. Asian stocks have come under renewed selling pressure overnight after U.S. president Donald Trump banned transactions with China tech group Tencent and with the owner of TikTok ByteDance. Meanwhile Wall Street ended in positive territory, as investors wait for a deal on a new stimulus package aimed to fight the adverse impact of the coronavirus pandemic. (Stefano Rebaudo) ***** <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Bitcoin and gold https://tmsnrt.rs/3iciI3Z secular https://tmsnrt.rs/3gzr8C8 recoveryfund https://tmsnrt.rs/2DJwdJi ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
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