Pandora share price spikes as advertising money gives revenue 30pc jump July 23, 2015 The figures Pandora saw both sales and earnings soar past estimates, with its revenue growing by 30 per cent year-on-year to $285.6m. The Internet radio service announced earnings per share that were over double analysts’ expectations at $0.05 against the forecast $0.02. Shares in the company lept after the report, trading over 6 per cent [...]
Starbucks share price up as coffee sales jump 13pc July 23, 2015 The figures Starbucks posted buoyant quarterly results, showing revenues jumping by 13 per cent to $4.9bn, far beyond analysts’ expectations. Profits were also up, with earnings per share reaching $0.41 against $0.34 in the same period last year. The coffee company’s share price has risen 38 per cent over the year, and it hit an [...]
Amazon share price soars 15pc as sales and earnings smash expectations July 23, 2015 The figures Amazon smashed analysts' expectations, with a $23.18bn revenue over the quarter. Analysts had high hopes for Amazon’s sales, with forecasts of a 16 per cent jump in sales, and even so, the company managed to out-do them. Earnings per share came in at $0.19, against expectations of a $0.13 loss. The company’s share [...]
Europe markets close lower after disappointing earnings July 23, 2015 European markets closed lower this afternoon after disappointing earnings from companies such as Aberdeen Asset Management and energy supplier SSE. The German Dax ended the day down 0.1 per cent to 11,507.37 points, Britain's FTSE 100 down 0.2 per cent to 6667.34 points and the French Cac flat at 5,082.04 points. Fund manager Aberdeeen Asset Management shares closed down 7.6 [...]
The Co-operative Group gets upgrade from S&P: The Co-op is moving up in the (credit ratings) world July 23, 2015 Good news (at last) for the troubled Co-op Group. Ratings agency Standard & Poor's has upgraded its credit one notch to BB, saying the outlook for the business “is stable”. This pat on the back comes after the business returned to profit in April, turning around the situation a year earlier when it made [...]
Ferrari moves into the fast lane with US IPO July 23, 2015 Luxury Italian sports car maker Ferrari is set to move into the fast lane after filing for an initial public offering (IPO) on the New York Stock Exchange. Read more: Fiat Chrysler to spin-off Ferrari Its parent company, Fiat Chrysler, didn't say how many shares it plans to sell or at what price however the new [...]
SSE continues to lose lose customers as people move away from “Big Six” energy suppliers July 23, 2015 Energy giant SSE continued to lose customers in the three months to the end of June, as clients continued to switch to smaller providers. The figures The total number of retail electricity and gas customers at SSE fell from 8.58m at the start of the quarter to 8.49m, as clients moved away from the “big six” [...]
Unilever share price jumps after sales beat expectations again July 23, 2015 Unilever's share price jumped this morning after proving its critics wrong as sales beat analyst expectations. The figures Consumer goods giant Unilever once again beat revenue forecasts in the second quarter, with total turnover rising by 2.9 per cent to €14.2bn (£9.93bn). The better than expected results triggered a 2.8 per cent share price rise [...]
Sainsbury’s is issuing £250m-worth of convertible bonds July 23, 2015 Sainsbury's is issuing £250m-worth of convertible bonds as it looks to shore up the group's pension funds, among other corporate interests. The bonds will have no fixed redemption date and can be converted into fully paid new or existing ordinary shares any time before the seven days ahead of the first reset day in [...]
TSB first half profits down 20 per cent as it reaches final stage of Sabadell takeover July 23, 2015 TSB has revealed a double-digit drop in profits for the first half as it enters the final stage of its takeover by Spanish group Banco Sabadell. The figures: The challenger bank said pre-tax profits were down 20.1 per cent to £44m, while statutory profits fell even further – down 44 per cent to £23.2m in [...]