|Bid||5.48 x 0|
|Ask||5.48 x 0|
|Day's Range||5.45 - 5.66|
|52 Week Range||5.37 - 7.75|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||12.48|
|Earnings Date||Aug 5, 2019 - Aug 9, 2019|
|Forward Dividend & Yield||0.18 (3.08%)|
|1y Target Est||7.36|
European shares rose on Friday, propped up by bank stocks amid a slew of corporate earnings reports, as the regional index licked its wounds a day after its worst loss in six weeks. The pan-European STOXX 600 index was up 0.4 percent at 0903 GMT. "Today you see partly a correction from the yesterday's move and hopes about a good U.S. jobs report," said Teewe Mevissen, senior macro strategist at Rabobank, referring to U.S. non-farm payrolls data for April due later on Friday.
"The resurgence in risk appetite looks to have legs, supported by stronger (or at least less bad) economic data, and any short-term weakness should probably be resolved in favour of the bulls in due course," Chris Beauchamp, chief market analyst at IG, wrote in a note. German auto parts supplier Continental AG climbed 2.3 percent, and said it was sticking to plans list its powertrain division. The pound slid as Britain moved towards potentially leaving the European Union on April 12 without a orderly withdrawal deal or alternatively perhaps an election, pushing up stocks of UK firms with significant overseas earnings.
European shares closed higher on Tuesday as investors cheered positivity around U.S.-China trade talks and signs of a compromise to avoid another U.S. government shutdown, while Michelin's results pumped up automotive stocks. The pan-European STOXX 600 was up 0.5 percent, with Germany's trade-sensitive DAX advancing 1 percent and Paris' CAC 40 up 0.8 percent. Automakers and their suppliers were the biggest gainers, up 2.9 percent after Michelin delivered better than expected results and pledged further gains in operating profit this year despite challenging conditions.
By Sudip Kar-Gupta PARIS (Reuters) - Michelin's shares surged on Tuesday after the French tyre maker pledged further gains in operating profit this year despite challenging conditions in its main markets. ...
Investing.com -- Europe’s stock markets are broadly higher on Tuesday on hopes that another U.S. government shutdown can be avoided, and on the back of some positive earnings surprises.
Preparations by the teams competing for the 36th America's Cup in 2021 are well underway, although they are charting different courses in designing their radical new foiling monohulls. While American Magic and INEOS Team UK have both shown off mini prototype versions of the futuristic 75 foot yachts which will do battle off the coast of Auckland in three years time, America's Cup defender Emirates Team New Zealand has opted to use computer modelling and onshore testing to hone its design.
Prada's designs on the America's Cup, which began on the drawing board almost 22 years ago in an office near Milan's Il Duomo, took another step forward on Thursday. "Let's do the America's Cup," was the challenge a yacht designer threw out at Patrizio Bertelli as they discussed building a new yacht for Prada's chief executive. Bertelli unveiled the new cup at the Yacht Club de Monaco, where the challengers also announced that Sardinia will be the first venue for the America’s Cup World Series, which will mark the first time the teams hoping to take on holders Emirates Team New Zealand get to race their futuristic foiling monohulls.
Pirelli has signed a new four-year deal to remain Formula One's sole tyre supplier until the end of the 2023 season, the sport announced in a statement on Sunday. "We are delighted to have reached this agreement, which guarantees a long-term stable future for such a crucial component of Formula One," Formula One chairman Chase Carey said. The current deal was due to expire at the end of 2019 and the governing FIA said last September that more than one company had tendered, although Pirelli's French rival Michelin had ruled itself out.
Manufacturer Pirelli (PIRI.UL) said on Friday it had ceased operations in Venezuela, selling its car tire factory for an unspecified amount and adding to the flood of foreign businesses abandoning the crisis-wracked country. Pirelli, owned by Chinese state-owned firm ChemChina (CNNCC.UL), said the sale to a consortium of South American entrepreneurs and the firm Sommers International would have no financial impact. Pirelli's plant in the city of Valencia has been closed since early last week, when about 100 of its 700 employees protested outside after finding the gates locked.
About 100 workers protested outside tire manufacturer Pirelli's Venezuela plant on Monday after finding the gates locked, ten days after the country announced a broad set of reforms including a massive hike in the minimum wage. Employees were not told the plant would be shut, said union leader Luis Alvarez, who added it was not immediately known if it was temporary or if the operation had permanently closed its doors. "Production was falling, but they always kept us on the job," said worker Nicolas Altomaris, who was waiting at a gate for information.
Tyremaker Pirelli will co-sponsor America's Cup challenger Luna alongside luxury fashion house Prada, backing the Italian team's attempt to beat holders Emirates Team New Zealand in 2021. "Pirelli is the ideal partner for this new America's Cup challenge," Luna Rossa chairman Patrizio Bertelli said in a statement released by the two Italian companies on Monday. The next edition of sailing's most prestigious cup will be held in Auckland, New Zealand and involves teams designing and building revolutionary new AC75 monohulls which will be able to "foil" at high speeds above the water.
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