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Flutter Entertainment shares dip after Group CFO Edgecliffe-Johnson steps down May 31, 2024 08:33AM

Investing.com -- London-listed shares in Flutter Entertainment (NYSE: FLUT) dipped on Friday after the gambling firm announced that the departure of group finance chief Paul Edgecliffe-Johnson.

Rob Coldrake, who is currently Chief Financial Officer of Flutter International, will be replacing Edgecliffe-Johnson with immediate effect.

In a separate announcement, Flutter said that it had completed a planned shift of its primary listing to the New York Stock Exchange.

Due... (continue reading...)


UBS and BMO have the highest S&P 500 price target on Street. Here's what they say May 31, 2024 08:32AM

Analysts at BMO Capital upped their price target for the S&P 500 in a note earlier this month, while this week, UBS did the same, with both now seeing the index reaching 5,600, representing Street highs.

BMO Capital told investors that the S&P 500 momentum is likely to persist. The firm acknowledged that it had previously underestimated the strength of the market momentum, particularly considering that investor expectations and Fed policy guidance have become... (continue reading...)


Suzano/IP deal looking increasingly possible - Synergies could bridge the gap May 31, 2024 08:32AM

Investing.com — Suzano Papel e Celulose's (NYSE: SUZ) bid for International Paper (NYSE: IP) is looking increasingly likely to succeed as a combination of better financing options with the possibility of the Brazilian pulp giant offering shares in the newly formed company as part of the premium could bridge the gap between the two giants.

Originally, Suzano had reportedly offered $42/share for IP's full takeover, a bid that only implied a small premium over the... (continue reading...)


Market experts: Gold to charge higher May 31, 2024 08:32AM

Investing.com - Gold prices soared to record highs, with spot gold reaching a new peak of $2,449.89 per ounce on Monday. Silver also hit its highest levels in several years earlier last week, and copper has seen strong gains as well.

Although all three have currently retreated from these record levels, they remain close, with analysts expecting prices to rise over the next 12 months.

If you are interested in achieving strong investment returns in gold that surpass... (continue reading...)


Dell, Nordstrom, MongoDB fall premarket; Gap, Zscaler rise May 31, 2024 08:04AM

Investing.com -- U.S. stock futures drifted lower Friday, with investors wary ahead of the release of key inflation data that could guide future monetary policy.

Here are some of the biggest premarket U.S. stock movers today:

  • Dell Technologies (NYSE: DELL) stock slumped 15% after the technology group unveiled a lower-than-anticipated current-quarter earnings outlook and indicated that higher spending on building out servers to meet artificial intelligence workloads... (continue reading...)


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