(Reuters) – Shares of Beyond Meat soared 56% in premarket trading on Wednesday after the plant-based meat maker placed its bets on price hikes and steep cost cuts to turn around its battered margins, triggering a squeeze on its highly shorted shares. About 37.6% of the company’s free float, or shares worth $172.6 million, were […]
By Nick Carey LONDON (Reuters) – Europe’s automakers and their already-stretched suppliers face a tough year as they race to cut costs for electric models to counter leaner Chinese rivals which are bringing cheaper vehicles to challenge them on their home turf. A big question is how much more Europe’s automakers can squeeze out of […]
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(Bloomberg) — UK Chancellor of the Exchequer Jeremy Hunt is considering cuts to public spending to make room for voter-friendly tax giveaways in his spring Budget, as the governing Conservative Party seeks a boost ahead of a general election expected later this year. Most Read from Bloomberg Reducing public spending is one option being examined […]
PARIS (AP) — Protesting farmers vowed to encircle Paris with tractor barricades and drive-slows on Monday, aiming to lay siege to France’s seat of power in a battle with the government over the future of their industry, which has been shaken by repercussions of the Ukraine war. The traffic blockages that farmers were starting to […]
On the surface, gold royalties and streaming specialist Franco-Nevada (NYSE:FNV) appears to be an incredibly risky idea. Due to a critical issue at one of its key mines, FNV has heavily underperformed its rivals in the broader precious metals industry. Nevertheless, an unexpected reversal of fortune could create a positive feedback loop from gamma squeeze […]