Latest news with #TweshaDikshit
Yahoo
3 days ago
- Business
- Yahoo
Adobe shares slide as investors skeptical of quicker AI-adoption returns
By Twesha Dikshit (Reuters) -Adobe's shares dropped 7% in early trading on Friday as investors' concern that the company's AI adoption into its software tools could take longer to fetch returns, overshadowed a raised annual revenue forecast. "(We see) increasing concerns surrounding competitive pressures and a longer time horizon to reach notable AI monetization," said Angelo Zino, senior equity analyst at CFRA Research. The San Jose, California-based creative software veteran is relied on by creatives for its tools including Photoshop and Premiere Pro. The company said in April that it would add AI models from OpenAI and Google to Firefly, its generative AI tool. The tool allows users to create and edit images and videos for commercial purposes through basic text prompts without facing copyright challenges. "While guidance was raised and management remains positive around demand generation, it feels like it will take more time to prove out these (AI) initiatives and quiet concerns of competition around GenAI," RBC analysts said in a note. Adobe now expects full-year 2025 revenue between $23.50 billion and $23.60 billion, up from its prior estimates of $23.30 billion to $23.55 billion. At least five brokerages cut their price target on the Adobe stock following the second-quarter results. Including session's losses, the stock has fallen around 13% so far this year. The company's 12-month forward price-to-earnings ratio stands at 18.88, compared with Autodesk's 29.16.
Mint
28-05-2025
- Business
- Mint
London stocks tick higher after mixed earnings
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window) FTSE 100 up 0.16%, FTSE 250 gains 0.26% Home improvement retailer Kingfisher falls following results GlobalData down after extending ICG takeover bid deadline Investors to focus on chip bellwether Nvidia's earnings May 28 (Reuters) - UK shares rose on Wednesday as investors parsed a mixed bag of company results, with all eyes on chip bellwether Nvidia's earnings later in the day. As of 0835 GMT, the blue-chip FTSE 100 was up 0.1% and the midcap index FTSE 250 gained 0.3%. The FTSE 100 has gained 3.6% so far this month as the United States struck trade deals with the UK and China and postponed 50% tariffs on the European Union. The International Monetary Fund increased its growth forecast for Britain to 1.2% from its previous forecast of 1.1% in April, with expectations of a rise to 1.4% in 2026 despite U.S. tariff headwinds. Aerospace and defense stocks led gains with Rolls-Royce among top gainers on the blue-chip index after U.S. President Donald Trump threatened additional sanctions on Russia earlier this week. In earnings-driven moves, pest control company Rentokil Initial rose 1.9% after agreeing to sell a part of its business to H.I.G. Capital in a 410 million euros deal ($463.71 million). Home improvement retailer Kingfisher fell 2.3% following results. Data analytics and consulting company GlobalData lost 2.7% after extending the deadline for private equity firm ICG to offer a takeover bid, while ending talks with KKR after failing to reach an agreement. Investors will look for answers on how much U.S. chip curbs on China will cost Nvidia when it reports results after regular trading hours in the U.S. Data showed British grocery price inflation jumped to 4.1% for the four weeks to May 18, its highest level since February last year, adding pressure on consumers. Attention this week will also be on speeches from Federal Reserve policymakers and U.S. core PCE data on Friday. Losses were led by the Personal Goods index, with Dr Martens, ASOS and Watches of Switzerland Group among the top decliners on the domestically-focussed FTSE 250 index. (Reporting by Twesha Dikshit For related prices, Reuters users may click on - * UK stock report FTSE index: techMARK 100 index: FTSE futures: Gilt futures: Smallcap index: FTSE 250 index: FTSE 350 index: Market digest: Top 10 by vol: Top price gainers: Top % gainers: Top price losers: Top % losers: * For related news, click on - * UK hot stocks: and Wall Street: Gilts report: Euro bond report Pan European stock report: Tokyo stocks: HK stocks: Sterling report: Dollar report: * For company prices, click on - * Company directory: By sector: * For pan-European market data, click on - * European Equities speed guide................ FTSE Eurotop 300 index........................... DJ STOXX index................................... Top 10 STOXX sectors........................ Top 10 EUROSTOXX sectors................... Top 10 Eurotop 300 sectors.................. Top 25 European pct gainers.................... Top 25 European pct losers..................... )
Yahoo
13-05-2025
- Business
- Yahoo
FTSE 100 steady as trade-deal rally fades, UK job market cools
By Ragini Mathur and Twesha Dikshit (Reuters) - Britain's FTSE 100 was flat on Tuesday after a rally fuelled by a U.S.-China trade truce, while fresh data revealed a cooling UK labour market that could influence the Bank of England's future rate decisions. The blue-chip FTSE 100 was up 0.07% by 1050 GMT, while the domestically focused midcap index advanced 0.5%. A White House executive order said on Monday the U.S. will cut the low-value "de minimis" tariff on China shipments, further de-escalating a potentially damaging trade war between the world's two largest economies. The tariff relief comes in the wake of Beijing and Washington announcing a truce in their trade spat after weekend talks in Geneva. Both countries agreed to a 90-day pause on most of the tariffs imposed on each other in April. Separately, Britain's jobs market showed further signs of a slowdown as employment fell and growth in wages cooled, according to official data that is likely to reassure the Bank of England that inflation pressures are waning. "Combined with the better trade news recently, there is nothing here to make the Bank of England regret its decision to say the easing cycle will continue to be only 'gradual'," said Luke Bartholomew, Deputy Chief Economist at Aberdeen. The central bank last week cut rates by 25 basis points to tackle the expected hit from U.S. President Donald Trump's tariffs, but a surprise three-way split among policymakers cooled expectations that it might speed up future moves. Markets are currently pricing in an 84% chance of no change to the policy rate in the Bank of England's June meeting. On the stock indexes, industrial metal miners rose 1.4% to lead the gains for a second consecutive day. Automobile stocks such as Aston Martin and Dowlais Group gained 5.3% and 3%, respectively. Sales and marketing services provider DCC dropped 3.2% to the bottom of the blue-chip index after reporting 2025 adjusted operating profit below estimates. Meanwhile, investors are awaiting U.S. consumer prices data for April due later in the day to gauge the impact of higher tariffs. (This story has been refiled to correct the garbled word order in paragraph 1)
