News
Travel And Leisure Stocks Drive European Shares To Record High
European stocks hit a record high on Tuesday, extending gains to a seventh straight session, boosted by travel and leisure companies as investors took comfort from strong earnings reports.
The pan-European STOXX 600 index gained 0.2% by 0717 GMT, notching an all-time high of 471.67 points.
The travel and leisure sector was the top percentage gainer as Flutter Entertainment rose 4.8% after the world’s largest online betting group said its first-half results exceeded estimates and it expects U.S. business to turn a profit by 2023.
Berlin-based meal-kit firm HelloFresh added 1% after it reported strong second-quarter growth, as a rise in customers and continued high order rates bumped up sales.
Dutch food ingredients group Corbion tumbled 8.1% to the bottom of STOXX 600 after it cut its full-year adjusted EBITDA margin outlook.
Source: Reuters
-
Leaders Speak2 months agoDhofar International Development and Investment Company: Driving Sustainable Growth and Strategic Synergies in Oman’s Investment Landscape
-
Economy2 months agoMaal Card: What Oman’s New National Payment Card Means for Everyday Users
-
Events2 months agoOER Corporate Excellence Awards 2025 Honours Entities and Innovations in Oman
-
Banking & Finance1 week agoOman Oil Marketing Company Concludes Its Annual Health, Safety, Environment, and Quality Week, Reaffirming People and Safety as a Top Priority
-
News1 month agoSheikh Suhail Bahwan, Chairman of Suhail Bahwan Group, Passes Away
-
Economy2 months agoOman Unveils Official Omani Rial Symbol in Landmark Move to Boost Global Currency Presence
-
News1 month agoOIG Appoints New CEO to Lead Its Next Chapter of Excellence
-
News4 weeks agoReport: How India & The Middle East Are Exploiting Immense Economic Synergies
