The online supermarket said sales were up by 15% over the five days before Christmas. However, Ocado said that the average value of people's orders over the last three months of last year was £117 ($142.95), a drop of 1.3% compared to the same period last year.
The Dow Jones (^DJI) lost 1.13% to 33,916 points. The S&P 500 (^GSPC) retreated 0.29% to 3,987 points and the tech-heavy NASDAQ (^IXIC) lost 0.28% to 11,048.
Meanwhile, Brent crude (BZ=F) edged higher and was trading at around $85 per barrel.
In Asia, Tokyo’s Nikkei 225 (^N225) closed higher, gaining 1.23% to 26,138 points, while the Hang Seng (^HSI) in Hong Kong slipped 0.93% to 21,543. The Shanghai Composite (000001.SS) lost 0.10% to 3,224 points.
Watch: January effect causing stocks to march higher in first weeks of 2023: Al Root
The conglomerate is progressing well on its Vision 2030 objectives. The post <strong>Keppel Corporation Maintains its S$0.33 Dividend for FY2022: 5 Highlights from the Conglomerate’s Latest Earnings</strong> appeared first on The Smart Investor.
Shares in the flagship firm of troubled Indian conglomerate Adani rose almost 15 percent Tuesday, clawing back some of its recent huge losses after saying it would repay more than $1 billion in loans.Adani Enterprises, the group's flagship firm, soared as much as 25 percent on Tuesday, with trading suspended three times on the way up.
Investors dumped more Adani stock on Monday as India's opposition staged protests calling for a full inquiry into allegations of major accounting fraud at the country's biggest conglomerate.The main opposition Congress party, which has called for a "serious investigation" into Adani's companies by the central bank and regulator, on Monday staged protests, including in New Delhi and Mumbai.
Gold eked out gains on Tuesday, tracking a slight pullback in the dollar and as investors digested comments from U.S. Federal Reserve Chair Jerome Powell on the outlook for rate-hike policy. Spot gold rose 0.2% to $1,870.49 per ounce by 2:02 p.m. ET (1902 GMT). Powell said on Tuesday the latest U.S. employment report showed the process for getting inflation back near the central bank's 2% target will take "quite a bit of time", noting further interest rate increases were needed.
Investors can look past the worries within the REIT space as these REITs have proven their ability to increase their DPU. The post <strong>8 REITs That Recently Raised Their DPU</strong> appeared first on The Smart Investor.
BENGALURU (Reuters) -Indian shares closed lower on Monday, dragged by tech stocks after a strong U.S. jobs report renewed fears of the Federal Reserve sustaining aggressive rate hikes for longer, while foreign investors continued to sell. The Nifty 50 index closed 0.50% lower at 17,764.60, while the S&P BSE Sensex fell 0.55% to 60,506.90. Thirty-four of the Nifty 50 constituents declined, with Divi's Laboratories extending losses after reporting lesser-than-expected consolidated net profit in the third quarter, on Friday.
Friday's blockbuster jobs report showed why the battle against inflation will "take quite a bit of time," Federal Reserve Chair Jerome Powell said on Tuesday, acknowledging that interest rates may need to move higher than expected if that sort of economic strength threatens the Fed's progress in lowering inflation. In a question-and-answer session before the Economic Club of Washington, Powell declined several times to say explicitly that the surprising addition of 517,000 new jobs in January would necessarily force the Fed's benchmark interest rate higher than the 5% to 5.25% range currently anticipated, a level implying quarter-percentage-point increases at the Fed's next two meetings then a pause.
India's Bank of Baroda is open to lending to the Adani Group going forward, provided the embattled conglomerate meets all of the bank's underwriting criteria, a top executive at the state-run lender said on Monday. Investors have been worried about various banks' exposure to the Adani Group ever since U.S.-based short-seller Hindenburg Research alleged improper use of offshore tax havens and stock manipulation by the conglomerate. The State Bank of India, IndusInd Bank, Punjab National Bank have all tried to allay concerns regarding their exposure to group, while the Reserve Bank of India (RBI) has said that the Indian banking system remains resilient and stable.
Indonesian President Joko Widodo urged on Monday his country's financial regulator to strengthen supervision on capital markets in the wake of the crisis at India's Adani Group. Speaking in an annual financial services authority meeting, Widodo pointed to the depreciation of the rupee and capital outflows from India after the meltdown in stock market values of Adani Group companies.
Japan's SoftBank Group reported a surprise 783 billion yen ($5.9 billion) net loss in the third quarter, as a slump in the tech sector hits the investment behemoth's bottom line.But its first quarter earnings were also hit by tech stock slumps, a trend analysts said was likely to continue.
Gold edged higher on Monday, with investors banking on the precious metal's safe-haven appeal as concerns about an economic slowdown linger, after a stronger dollar and higher Treasury yields nudged prices to a one-month low. Spot gold was up 0.2% to $1,868.96 per ounce by 2:37 p.m. ET (1937 GMT). "Traders will look at gold as a safe-haven asset and buy into it," said Phillip Streible, chief market strategist at Blue Line Futures in Chicago.
BENGALURU (Reuters) -India's Adani Group is considering independent evaluation of issues relating to legal compliance, related party transactions and internal controls following a U.S. short-seller's critical report on its businesses, disclosures showed on Tuesday. The group, led by billionaire Gautam Adani, has been roiled by days of market turmoil after Hindenburg Research on Jan. 24 alleged it had engaged in stock manipulation and used tax havens. Adani Group has denied the allegations, saying it complies with all laws and has made necessary disclosures over time.
Philippine annual inflation blew past expectations in January to reach a fresh 14-year high on surging food prices, raising the chance of the central bank delivering a larger interest rate hike to tame prices when it meets this month. The consumer price index (CPI) rose 8.7% in January, the statistics agency said on Tuesday, well above the 7.7% forecast in a Reuters poll and topping the 8.1% rate in December, when the central bank had expected prices to peak. Core inflation, which strips out volatile food and fuel prices, also increased to 7.4%, the highest in more than two decades and up from December's 6.9%, suggesting price pressures remain broad.
Australia's central bank on Tuesday lifted its benchmark interest rate for a ninth consecutive time to 3.35% as it battles inflation that rose to 7.8% in the latest quarter. The Reserve Bank of Australia’s decision to increase its cash rate by 0.25 of a basis point was widely anticipated after the annual inflation rate for the December quarter was the highest since 1990. “High inflation makes life difficult for people and damages the functioning of the economy,” Reserve Bank Governor Philip Lowe said in a statement.
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Singaporean sovereign wealth fund GIC is cutting its investments with H2O Asset Management following recent regulatory sanctions against the French fund manager. France’s market regulator last month levied a €75mn fine against H2O and banned its founder Bruno Crastes from managing funds or an investment company for five years, as punishment for “serious” rule breaches related to H2O’s illiquid investments linked to financier Lars Windhorst.