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Courtesy Elena and Vanessa RobustelliPayne’s death came as a shock to thousands of One Direction fans, known as Directioners, who did not expect to lose their idol at such a young age. It’s just shocking, and I cried a little bit last night because I was sad for my teenage self.”Olivia Hagans, top center, said she met her best friends through the One Direction community. Some Directioners compared Payne’s death to the death of John Lennon for Beatles fans, citing the similarities between the fervor around the bands and the intense support from their supporters. Logan Hill, 27, said the community of fans was “the most important thing” that came from the band’s existence. Directioners used to use the platform to interact with the band, get it trending online and organize as fans.

Persons: Elena, Vanessa Robustelli, Liam Payne, “, ”, it’s, Vanessa, Elena Robustelli, Vanessa Robustelli Payne’s, Payne, Liam, Valerie Buvat De Virginy, I’ve, Olivia Hagans, Olivia Hagans Payne’s, John Lennon, Logan Hill, Virginy, Directioners, Hill, Maya Henry, Henry, Amy Miller, Niall Horan, Miller, Payne “, Nyela Graham, “ It’s Organizations: Beatles, Madrid, Twitter, Daily, ” Locations: New York City, Argentina, Madrid, “, diehard, London

☆ European markets set for mixed open as investors digest third ECB rate cut of the year
▼ + stars: | 2024-10-18 | by ( Sophie Kiderlin | ) www.cnbc.com time to read: +1 min

European markets were headed for a mixed open on Friday as investors digested the European Central Bank's decision to cut interest rates yet again and awaited fresh economic data and earnings. Germany's DAX , the U.K.'s FTSE 100 and France's CAC 40 are all expected to slip when markets open, according to IG data, while Italy's FTSE MIB is on track to rise. The pan-European Stoxx 600 ended Thursday in the green, with almost all sectors and regional bourses trading in positive territory. It came as the ECB announced its third interest rate cut of the year, lowering the deposit rate by another 25 basis points, as inflation risks in the European Union ease faster than anticipated. On Friday, investors will be watching the latest U.K. retail sales data and quarterly earnings from Volvo Group.

Persons: Germany's DAX Organizations: Central, CAC, ECB, Volvo Group, Dow Jones Locations: European Union, Asia, Pacific, China, Hong Kong

☆ Wiz opened London office to double down on UK market, co-founder says
▼ + stars: | 2024-10-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWiz opened London office to double down on UK market, co-founder saysRoy Reznik, co-founder and vice president of research and development, discusses the firm's investment in the U.K. and the broader market opportunity for cybersecurity tools focused on securing cloud environments.

Persons: Roy Reznik Organizations: Wiz Locations: London

☆ These 3 UK stocks are on the march and set to soar by over 50%, RBC says
▼ + stars: | 2024-10-18 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

Three London stocks are on the march and are expected to rise by more than 50% over the next 12 months. TM17-GB 1Y line More recently, RBC said the company reported "a good set of results" in September. The company reported £80.6 million in total sales, missing revenue expectations of £81.5 million marginally. Wheeler also noted that the stock had "significant upside potential" after the company reported its first-half results on July 26. RBC analyst Charles Weston said the stock remains "materially undervalued" after the company reported its first half-year financial results.

Persons: Debbie Bestwick's, Steve Bell's, Frank Sagnier's, Ross Broadfoot, Broadfoot, Team17, RBC's Alexander Wheeler, Wheeler, Charles Weston, OXB Organizations: CNBC Pro, RBC Capital Markets, RBC, Drax, Oxford Biomedica, Oxford, University of Oxford Locations: London, England, Team17

☆ Wiz co-founder discusses the company's expansion into the UK
▼ + stars: | 2024-10-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWiz co-founder discusses the company's expansion into the UKRoy Reznik, co-founder and vice president of research and development at cybersecurity firm Wiz, discusses the company's new office in London and broader expansion in the U.K. market.

Persons: Roy Reznik Locations: London, U.K

☆ Uncovering the mysterious side of art pricing. ‘Everyone’s trying to make money’
▼ + stars: | 2024-10-17 | by ( Lucy Handley | In | ) www.cnbc.com time to read: +8 min

"There's very little genuine information and data on pricing," he told CNBC via video call. CNBC contacted a dozen New York City art galleries and the same number in London to request price lists for their current exhibitions. "The degree of popularity, the level of scarcity and the degree of credentialization [or] … if something has organically captured the zeitgeist," are factors, he told CNBC by phone. "Despite more online information aiding discovery and valuation, there really isn't a highly liquid global marketplace, contributing to perceptions and realities of 'black box' pricing," Tjan told CNBC in a follow-up email. Making art affordableA visitor takes a photo at the Affordable Art Fair Hong Kong, on May 16, 2024.

Persons: Harriman, they're, Paul Hewitt, Gosia Łapsa, London gallerist, Williams, Tony, Malawska, I've, I'm, Tony Tjan, Charlotte Black, Artclear, Shantell Martin, Bryan Bedder, Black, Tjan, Will Ramsay, Ben Marans Organizations: Getty, CNBC, Foundation Law, New, Society of London Art Dealers, Jeune, Ball, Art Locations: New York City, London, New York, London gallerist Lucca Hue, Hue, U.K, British, Hong Kong

☆ Israeli military says it is investigating the possible killing of Hamas leader Yahya Sinwar
▼ + stars: | 2024-10-17 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +2 min

The Israeli military on Thursday said it was investigating the "possibility" that Hamas leader Yahya Sinwar was among three militants killed in an operation in the Gaza Strip. The Israeli Defense Forces added that the identity of the three casualties could not be confirmed at this time. "The forces that are operating in the area are continuing to operate with the required caution," it added in a social media post. In a social media update posted after the IDF communication, Israeli Defense Minister Yoav Gallant said, "You will pursue your enemies and they will fall before you by the sword. Sinwar assumed overall command of the Iran-backed Hamas in August, following the assassination of former political chief Ismail Haniyeh.

Persons: Yahya Sinwar, Yoav Gallant, John Kirby, Washington, Sinwar, Ismail Haniyeh, Israel, Benjamin Netanyahu, Houthis, Hassan Nasrallah Organizations: Israeli Defense Forces, CNBC, Israeli, National Security, NBC News, Hezbollah Locations: Gaza, Iran, Israel, Tehran, Lebanese, Beirut, U.S, Asia, Pacific

☆ These high-quality growth stocks are must-owns for investors, Trivariate Research says
▼ + stars: | 2024-10-17 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Mounting geopolitical tensions and a tight presidential election may intensify market volatility in coming weeks, but high-quality growth stocks may prove a useful way for investors to hedge against any future uncertainty, according to Trivariate Research. October is a historically volatile month for stocks , and this week alone has seen the market seesaw. "It now seems the market has come full circle," Trivariate Research founder and CEO Adam Parker wrote in a recent research note to clients. "It is much easier to buy and hold growth stocks, and it requires less arrogance in predicting the unknown than it used to. Wholesale retailer Costco and hotel giant Hilton are two other growth names that Parker listed.

Persons: Adam Parker, Parker, Morgan Stanley, Eli Lilly, Lilly Organizations: Research, Dow Jones, Dow, Adobe, Wholesale, Costco, Hilton Locations: U.K, Wednesday's

☆ UK regulator warns of big fines, service suspensions for tech giants ahead of new safety rules
▼ + stars: | 2024-10-17 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

The Online Safety Act includes sweeping new rules that will force large tech firms to do more to combat illegal content online. Over the past six months, Ofcom has consulted on its codes and guidance for illegal harms, pornography age verification and children's safety. The regulator added that, while these are positive steps, more changes will be needed wen the Online Safety Act comes into force. From December this year, Ofcom will publish first edition illegal harms codes and guidance. Tech platforms will then have three months to complete an illegal harms risk assessment.

Persons: it's Organizations: — Technology, Ofcom Locations: British

☆ Barclays names UK ‘conviction stock ideas' for the fourth quarter — giving two over 35% upside
▼ + stars: | 2024-10-17 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

The bank's list includes six overweight-rated stocks from the U.K., which it gave an average upside potential of 25%. "UK stocks overall are still very under-owned and look very cheap. Here are two of Barclays' conviction stock ideas which it gave over 35% upside. SSP Group The stock that was given the biggest upside is SSP Group , a travel food and beverage operator. Barclays has a target price £3.20 on the stock, giving it around 39.1% upside potential.

Persons: — CNBC's Michael Bloom Organizations: Barclays, London Stock Exchange, ConvaTec Locations: U.S, Europe

☆ These companies reporting earnings next week have a history of beating expectations
▼ + stars: | 2024-10-17 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

Several companies are due to report earnings next week, including some potential standouts. So far, most of the constituents that have reported third-quarter earnings have exceeded earnings and revenue expectations, according to FactSet. The companies below have exceeded the Street's earnings per share expectations 70% of the time and have risen 2% or more on earnings day. The enterprise software giant also has the most-reliable historical earnings performance, beating analysts' earnings per share estimates 90% of the time. Power circuits maker Monolithic Power has a strong earnings beat rate of 88%.

Persons: Wells, Michael Turrin, Turrin, ServiceNow, Rick Schafer, Impinj, FactSet Organizations: CNBC Pro Locations: Wells Fargo

☆ Eli Lilly to trial use of weight loss drugs to combat unemployment in U.K.
▼ + stars: | 2024-10-16 | by ( Karen Gilchrist | Karen Gilchrist Is A Reporter For Cnbc.Com. | ) www.nbcnews.com time to read: +4 min

LONDON — U.S. pharmaceutical giant Eli Lilly is exploring whether obesity drugs could be used to curb joblessness after signing a major investment deal with the U.K. The weight-loss treatment firm and creator of Zepbound announced Monday that it would commit £279 million ($364 million) to help tackle Britain’s significant health challenges — including obesity. Within that, the five-year trial, conducted in collaboration with Health Innovation Manchester, will also explore how weight-loss drugs impact “participants’ employment status and sick days from work,” the company said in a news release. The use cases for obesity drugs have been growing over recent months, with several drug regulators expanding GLP-1 drug labels for use in treating obesity-related comorbidities and other illnesses. The company said it anticipates making an additional £279 million of new investment into the U.K. over the coming years.

Persons: Eli Lilly, Zepbound, ”, Rachel Batterham, Wes Streeting, Streeting, “ It’s, ” Streeting, Peter Verdault, “, Dr, Dolly van Tulleken, Eli Lilly’s Organizations: LONDON, U.K, of Health, Social, Department for Science, Innovation, Technology, Labour government’s, Investment, National Health Services, Health Innovation, International Medical, British Health, Social Care, Covid, NHS can’t, CNBC, Citi, MRC, University of Cambridge, BBC Radio, Lilly, Labs Locations: Lilly, British, Europe

☆ Meet the 'world's most advanced' humanoid robot
▼ + stars: | 2024-10-16 | by ( Arjun Kharpal | Maria Gomez De Sicart | ) www.cnbc.com time to read: +1 min

Standing in the office of Will Jackson, founder of Engineered Arts, is Ameca, a robot that can talk and move like a human. It is the latest and most advanced iteration of two-decades of robot development from Engineered Arts, a humanoid manufacturer based in Cornwall, England. It has cameras in each of the eyes to allow Ameca to "see" the world around it. The robot cannot yet walk, but Engineered Arts is working on technology to allow Ameca to do so. Watch CNBC Tech: The Edge's visit to Engineered Arts' headquarters in Falmouth, U.K., and even a short interview with Ameca, in the video above.

Persons: Will Jackson, Ameca Organizations: Engineered Arts, Arts, CNBC Tech Locations: Cornwall, England, Falmouth, U.K

☆ UK inflation falls sharply to 1.7%, below Bank of England's target for first time in over three years
▼ + stars: | 2024-10-16 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

The Canary Wharf business district is seen in the distance behind autumnal leaves on October 09, 2024 in London, United Kingdom. LONDON — Inflation in the U.K. dropped sharply to 1.7% in September, the Office for National Statistics said Wednesday. Economists polled by Reuters had expected the headline rate to come in at a higher 1.9% for the month, in the first dip of the print below the Bank of England's 2% target since April 2021. Inflation has been hovering around that level for the last four months, and came in at 2.2% in August. Core and services inflation are key watch points for Bank of England policymakers as they mull whether to cut interest rates again at their November meeting.

Persons: Price Organizations: National Statistics, Reuters, Bank of England's, Bank of England Locations: Wharf, London, United Kingdom

☆ Airbus to cut up to 2,500 jobs in defense and space
▼ + stars: | 2024-10-16 | by ( ) www.cnbc.com time to read: +2 min

A logo sits on display outside the Airbus wing assembly factory in Broughton, U.K.Airbus announced plans on Wednesday to cut up to 2,500 jobs in its Defence and Space division, citing a "complex business environment" especially in loss-making satellites. It has been hit by 1.5 billion euros ($1.63 billion) of charges in space systems in recent quarters, led by the high-tech OneSat project, and delays and rising costs in defense. The job cuts, first reported by French news agency AFP, come on top of a more than year-long efficiency review in the defense and space business, code-named ATOM. Airbus has been drawing up specific turnaround plans for its struggling Space Systems business without waiting for the outcome of recent satellite consolidation talks that include Italy's Leonardo as well as France's Thales. Group CEO Guillaume Faury said earlier this year that Airbus was looking at opportunities to create scale in defense, space and particularly satellites where traditional players have been heavily disrupted by the success of new constellations.

Persons: Mike Schoellhorn, Italy's Leonardo, Guillaume Faury Organizations: Airbus, Defence, Space, AFP, Space Systems, Thales, Reuters Locations: Broughton, U.K, Germany, France, Britain, Spain, Ukraine, U.S

☆ UK equities are cheap and aggregate, says strategist
▼ + stars: | 2024-10-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUK equities are cheap and aggregate, says strategistPeter Toogood, chief investment officer at Embark Group, discusses U.K. and European equity markets and the productivity issues affecting them.

Persons: Peter Toogood

☆ Opportunity for the U.K. to take the bull by the horns: Canary Wharf Group CEO
▼ + stars: | 2024-10-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOpportunity for the U.K. to take the bull by the horns: Canary Wharf Group CEOCanary Wharf Group CEO Shobi Khan discusses the U.K. budget and what it might mean for national growth.

Persons: Shobi Khan Organizations: Canary Wharf Locations: Wharf

☆ UK now seen as more stable, M&G CEO says
▼ + stars: | 2024-10-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUK now seen as more stable, M&G CEO saysAndrea Rossi, CEO of M&G Investments, weighs in on the U.K. government's efforts to woo international investment.

Persons: Andrea Rossi Organizations: G Investments

☆ European stocks set to open lower as global markets see declines; ASML earnings due
▼ + stars: | 2024-10-16 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are heading for a lower open Wednesday as global market sentiment takes a turn lower. The U.K.'s FTSE 100 index is expected to open 6 points lower at 8,249, Germany's DAX down 35 points at 19,482, France's CAC down 59 points at 7,469 and Italy's FTSE MIB down 137 points at 34,246, according to data from IG. The lower open seen for Europe's major bourses follows declines on Wall Street Tuesday and comes as most Asia-Pacific markets traded lower overnight, with Japan's Nikkei leading losses. U.S. stock futures were calm Tuesday evening as Wall Street looked to see whether equities can be rebound to record highs this week; the S&P 500 and Dow hit all-time highs Monday. Earnings in Europe Wednesday come from chip firm ASML.

Persons: Germany's DAX, Morgan Stanley Organizations: France's CAC, IG, Japan's Nikkei, Dow Locations: Asia, Pacific, Europe

☆ UK's ultra-rich non-doms urge Italian-style tax regime to prevent wealth exodus
▼ + stars: | 2024-10-16 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +6 min

Mike Kemp | In Pictures | Getty ImagesLONDON — Britain's ultra-rich non-doms are urging the government to introduce an Italian-style flat-tax regime to prevent a wealth exodus, as their preferential status comes under threat in the upcoming budget. That differs from Italy's regime, which charges a recently doubled rate of 200,000 euros per year regardless of wealth bracket. Non-doms move their moneyReeves had previously said that scrapping the program could generate £2.6 billion ($3.38 billion) for the Treasury over the course of the next government. We need to understand that we need people to be investing here, to create the jobs, wealth, prosperity that we want. Labour courts wealth creatorsThe Labour government has said it is determined to address unfairness in the tax system, pledging in its election manifesto to close non-dom tax loopholes.

Persons: Mike Kemp, Leslie MacLeod Miller, Rachel Reeves, Reeves, Alex Stewart, doms, Sadiq Khan, MacLeod Miller, Dominic Lawrance, Charles Russell Speechlys, Keir Starmer Organizations: Porsche, GTS, Chanel, Bond, Investors, Britain, Oxford Economics, Foreign Investors, CNBC, Labour Party, Treasury, FIFB, Oxford, Labour, Labour's, Investment Locations: London, United Kingdom, IHT, Italy, Switzerland, Dubai, Westbourne, Bayswater, Royal Oak

☆ We want clarity and certainty to invest in the UK, BNY CEO says
▼ + stars: | 2024-10-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe want clarity and certainty to invest in the UK, BNY CEO saysRobin Vince, the CEO of BNY, discusses investment opportunities at the U.K. International Investment Summit.

Persons: Robin Vince Organizations: International Investment Summit

☆ This influencer was scammed out of thousands in crypto — and has a tip to help you avoid fraud
▼ + stars: | 2024-10-15 | by ( Ryan Browne | ) www.cnbc.com time to read: +7 min

"I was like, it was too good to be true, and I still fell for it," she told CNBC Make It. Rowena transferred the crypto to an Instagram account she believed belonged to a finance professional managing investments for a friend. "It's stopping and thinking, and it's having a conversation with someone," she told CNBC Make It last week. "I had invested some money into crypto, which I'm going to hold my hands up and say I don't fully understand," Rowena told CNBC Make It. "It's about making sure that wherever you're going for information, that it's a reputable source," Quinn-Cirillo told CNBC Make It.

Persons: Carly Rowena, Carly Rowena Carly Rowena, Rowena, she'd, Rowena messaged, —, I'm, Carly Rowena Rowena, Akamai, Censuswide, Tara Quinn, Cirillo, Quinn, hasn't, Natalie Billingham, Billingham, she's Organizations: CNBC, YouTube, British Psychological Society, Facebook, Meta Locations: British, TikTok, Costa Rica, Akamai

☆ Eli Lilly to trial use of weight loss drugs to combat unemployment in UK
▼ + stars: | 2024-10-15 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +4 min

An Eli Lilly & Co. Zepbound injection pen arranged in the Brooklyn borough of New York on March 28, 2024. LONDON — U.S. pharmaceutical giant Eli Lilly is exploring whether obesity drugs could be used to curb joblessness after signing a major investment deal with the U.K. The use cases for obesity drugs have been growing over recent months, with several drug regulators expanding GLP-1 drug labels for use in treating obesity-related comorbidities and other illnesses. Speaking to CNBC last week, Citi pharmaceuticals analyst Peter Verdault said the body of evidence to support increased use of weight-loss drugs "keeps coming." The company said it anticipates making an additional £279 million of new investment into the U.K. over the coming years.

Persons: Eli Lilly, Zepbound, Rachel Batterham, Lilly, Wes Streeting, Covid, Streeting, Peter Verdault, Dolly van Tulleken, Eli Lilly's Organizations: LONDON, U.K, Department of Health, Social, Department for Science, Innovation, Technology, Labour government's, Investment, National Health Services, Health Innovation, International Medical, Social Care, CNBC, Citi, MRC, University of Cambridge, BBC Radio, Lilly Locations: Brooklyn, New York, Europe

☆ European markets set for positive open, tracking Wall Street higher
▼ + stars: | 2024-10-15 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

European stocks are heading for a positive open Tuesday, with global markets broadly tracking gains on Wall Street. The U.K.'s FTSE 100 index is expected to open 40 points higher at 8,324, Germany's DAX up 86 points at 19,586, France's CAC up 27 points at 7,621 and Italy's FTSE MIB up 125 points at 34,653, according to data from IG. The positive start for Europe comes after gains on Wall Street that saw the Dow Jones Industrial Average and the S&P 500 reach new intraday highs and record closes. Asia-Pacific markets were mixed overnight, but regional chip stocks rose, boosted by Nvidia's share price rising 2.4% Monday before closing at a record high. In Europe Tuesday, earnings are set to come from LVMH and Ericsson and data releases include the U.K.'s latest unemployment figures, French inflation data and the Europe and German ZEW index of economic sentiment.

Persons: Germany's DAX Organizations: France's CAC, IG, Dow Jones Industrial, Nvidia's, LVMH, Ericsson Locations: Europe, Asia, Pacific

☆ Dutch government to reduce its stake in ABN Amro by a quarter
▼ + stars: | 2024-10-15 | by ( April Roach | ) www.cnbc.com time to read: +1 min

The Dutch government on Tuesday said it will reduce its stake in lender ABN Amro by a quarter to 30% through a trading plan. Shares of the Dutch bank traded 1.2% lower at the market open and was last down 0.6% as of 9:15 a.m. London time. The Dutch government, which currently holds a 40.5% interest in ABN Amro, announced via its investment vehicle firm NLFI that it will sell shares using a pre-arranged trading plan set to be executed by Barclays Bank Ireland. ABN Amro was bailed out by the state during the 2008 financial crisis and later privatized in 2015. The U.K. and German administrations have both made moves this year to reduce their respective shareholdings in NatWest and Commerzbank.

Persons: UniCredit, Commerzbank Organizations: ABN Amro, Barclays Bank Ireland, NatWest, Commerzbank Locations: London, Europe

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