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EWQ

The France Manufacturing Purchasing Managers Index (PMI) for June came in at 45.3, below the estimated 46.8 and the prior 46.4. This indicates a contraction in the manufacturing sector.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 7:44 am

LYG

MS

NWG

SCGLY

SFTBY

Revolut, a UK-based fintech company backed by SoftBank Group Corp., is reportedly aiming for a valuation of over $40 billion in an employee share sale. The company is working with Morgan Stanley to sell approximately $500 million worth of existing shares. This valuation would represent a 21% increase from its 2021 fundraising round. Despite challenges in the European fintech market and scrutiny over its UK banking license application, Revolut continues to expand its offerings.

Portfolio Pulse from Benzinga Neuro

June 21, 2024 | 6:50 am

TSLA

Former Tesla executive Martin Viecha advocates for advertising, contrasting with CEO Elon Musk's stance. Viecha believes small investments in advertising could enhance Tesla's margins and accelerate EV adoption. Despite some advertising attempts, Tesla remains cautious about spending heavily on marketing.

Portfolio Pulse from Anan Ashraf

June 21, 2024 | 6:43 am

ABL

Abacus Life has priced a public offering of 10 million common stock shares at $8 per share, aiming to raise approximately $80 million. The proceeds will be used for operations, purchasing life settlement policies, and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 6:38 am

ZOOZ

ZOOZ Power has doubled the charging capacity on the Cross-Israel Highway by installing its flywheel-based power boosting and management solution at a second site. This installation, in partnership with Dor-Alon and AfconEV, allows for increased ultrafast charging without grid upgrades.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 6:16 am

EWU

U.K. retail sales for May increased by 2.9% month-over-month, significantly surpassing the estimated 1.6% and recovering from a revised -1.8% in the prior month.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 6:05 am

EWU

U.K. retail sales for May increased by 1.3% year-over-year, surpassing the estimated -0.9% and showing a significant improvement from the revised prior figure of -2.3%.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 6:05 am

EWU

U.K. Core Retail Sales for May increased by 2.9% month-over-month, significantly surpassing the estimated 1.3% and showing a strong recovery from the revised -1.4% in the previous month.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 6:04 am

EWU

U.K. Core Retail Sales for May increased by 1.2% year-over-year, surpassing the estimated -0.8% and showing a significant improvement from the revised -2.5% in the prior period.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 6:03 am

SNY

Sanofi is set to present new data on ALTUVIIIO and fitusiran at the ISTH conference, highlighting their potential in treating hemophilia. Interim results from the XTEND-ed phase 3 study show ALTUVIIIO's efficacy in bleed protection, while the ATLAS phase 3 study data support fitusiran's prophylactic potential. The FDA has accepted a New Drug Application for fitusiran, with a PDUFA date of March 28, 2025.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 5:42 am