Global stocks mark time as Flutter announces share buyback

NEW YORK, NEW YORK - SEPTEMBER 13: Traders work on the New York Stock Exchange floor on September 13, 2024, in New York City. Stocks were up over 200 points in morning trading as the market continues to make weekly swings.

From a banking perspective, it was a also a quiet day with AIB marginally dropping by 0.28 per cent to €5.35, Bank of Ireland sliding 0.48 per cent to €10.27 and Permanent TSB up slightly by 0.59 per cent to €1.70. Meanwhile, a new report from the Organisation for Economic Co-operation and Development placed the UK joint-second in its economic growth forecasts for 2024.

Confidence in European stocks is being dented by signs of a weakening economy. That’s making traders increasingly confident the European Central Bank will reduce rates again next month, seeing a roughly 60 per cent chance of a quarter-point reduction in October, up from around 20 per cent last week.Flutter Entertainment Plc, parent of the FanDuel gambling company, announced plans to repurchase as much as $5 billion of its shares over the next few years as the US sports betting market surges.

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Millennium Management shorting €200m-plus worth of shares in Irish companiesUS hedge fund sets its sights on Flutter and Bank of Ireland
Herkunft: IrishTimes - 🏆 3. / 98 Weiterlesen »

Flutter to buy Italian company Snaitech in €2.3bnAcquisition will give Paddy Power owner a larger footprint in Italian market
Herkunft: IrishTimes - 🏆 3. / 98 Weiterlesen »

Flutter Acquires Controlling Stake In Brazilian Betting Company For $350 MillionFlutter Entertainment, the parent company of Paddy Power Betfair, has acquired a controlling 56% stake in NSX Group, the operator of Brazil's Betnacional brand. This move positions Flutter for growth in the burgeoning Brazilian betting market, which is expected to fully regulate its online sports betting and iGaming sector early next year.
Herkunft: IrishTimes - 🏆 3. / 98 Weiterlesen »