Why Britannia won’t cede margins

Britannia Industries Ltd’s flattish volume growth during the September quarter (Q2 FY24) is a damp squib. But investors seem to be enamoured with the stellar margin show. Shares of the biscuit-maker closed 3% higher on Thursday. Driven by lower costs, consolidated Ebitda margin expanded 343 basis points (bps) year-on-year andRead More →

Global markets today: Wall Street, European stocks rise a day before Fed policy outcome

World markets today: Global stock indices were higher on Tuesday a day before the US Federal Reserve’s monetary policy outcome. The US central bank is expected to keep interest rates unchanged. The MSCI’s gauge of stocks across the globe gained 0.33%. Wall Street The Dow Jones Industrial Average rose 135.04Read More →

Global markets today: US stocks end mixed, European shares fall amid higher bond yields, Middle East conflict

World markets today: In global markets on Monday, the US stocks closed mixed and the European shares declined amid higher bond yields and the ongoing Middle East conflict. The benchmark US treasury yield pulled back after crossing 5% on Monday. The rise in yields has been driven by a surge inRead More →

Global markets today: US and European stocks decline on worries over rising yields, Israel-Hamas war

World markets today: US and European stock markets declined on Thursday on worries over rising US treasury yields and the Israel-Hamas war potentially growing into a wider conflict in the Middle East. Federal Reserve chairman Jerome Powell’s comments over interest rate hike also increased risk aversion among traders. The MSCI’sRead More →