UK CBI Distributive Trades (Apr) -68 vs. Exp. -48 (Prev. -52)
The UK CBI Distributive Trades data for April came in significantly worse than expectations, showing a -68 versus the anticipated -48, and a decline from the previous month’s -52.
Ligand Pharmaceuticals (LGND) to acquire Xoma Royalty (XOMA) for c. USD 740mln, WSJ reports citing sources
Medtronic (MDT) discloses it had unauthorised access to its systems, according to a filing
UK CBI Distributive Trades (Apr) -68 vs. Exp. -48 (Prev. -52)
Moody's changes China's outlook to stable from negative, affirms A1 ratings
Meta (META) reaches deal with Overview Energy for up to 1GW of power, Bloomberg reports
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This notable miss suggests weakening retail activity, which could prompt concerns about consumer spending and economic resilience, potentially influencing GBP sentiment and market expectations for future monetary policy adjustments.
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