Nissan to Invest $1.39B+; Marriott Int Earnings; AU Stocks

Nissan to Invest $1.39B+; Marriott Int Earnings; AU Stocks

Japanese firm Nissan expects to invest more than 1 billion pounds ($1.39 billion) in Britain in the coming years. This is with the arrival of its e-power hybrid technology, the Japanese group’s head of Europe on Thursday said.

Gianluca de Ficchy chairs the Europe, Africa, Middle East, India and Oceania region at Nissan. He told a digital news conference that the firm continued to explore all possible industrial opportunities with French partner Renault.

Marriott Int Earnings Beat

Marriott Int reported on Thursday Q4 earnings that beat analysts’ predictions. It also beat revenue that fell short of expectations.

The company announced earnings per share of $0.12 on revenue of $2.17B. Based on a poll, analysts anticipated EPS of $0.0888 on revenue of $2.42B. 

Its shares are up 7% from the start of the year. It is still down 11.80% from its 52 week high of $148.91 set on February 20, 2020. They are outperforming the S&P 500 which rose 4.67% from the start of the year.

Marriott Int’s report follows a February 2 earnings beat by reported EPS of $14.09 on revenue of $125.56B, compared to forecasts EPS of $7.2 on revenue of $119.72B.

Also on February 2, Alibaba ADR had beat expectations with Q3 EPS of $22.03 on revenue of $221.08B. That’s compared to forecast for EPS of $20.59 on revenue of $214.17B.

S&P/ASX 200 up 0.01%

Australia stocks were higher after the close Thursday, with gains in Healthcare, Consumer Discretionary and Financials sectors leading shares higher. The S&P/ASX 200 added 0.01% at the close in Sydney.

The session’s best performers on the S&P/ASX 200 were Treasury Wine Estates Ltd. They rose 17.46% or 1.770 points to trade at 11.910 at the close. 

IPH Ltd added 9.80% or 0.60 points to end at 6.72. Moreover, Tabcorp Holdings Ltd was up 5.67% or 0.250 points to 4.660.

The session’s worst performers were NRW Holdings Ltd. They fell 17.14% or 0.48 points to trade at 2.32 at the close. 

United Malt Group Ltd declined 6.60% or 0.26 points to end at 3.68. Furthermore, Bendigo And Adelaide Bank Ltd was down 6.50% or 0.72 points to 10.35.

On the Sydney Stock Exchange, falling stocks exceeded advancing ones by 799 to 585 and 324 ended unchanged.

United Malt Group Ltd shares fell to all time lows, falling 6.60% or 0.26 to 3.68.

The S&P/ASX 200 VIX was down 5.77% to 14.376.