US stocks end lower as banks including Bank of America, Citigroup and Goldman Sachs are walloped February 11, 2016 Despite their best efforts, US stocks followed the rest of the world's stock markets lower. The Dow Jones finished the day 1.6 per cent lower, at 15,660 points, while the S&P 500 finished 1.23 per cent lower, at 1,829 points. And while the Nasdaq had a late rally, jumping into the green for a few [...]
Groupon shares shoot up by almost 20 per cent after company reveals it swung back into profit last year February 11, 2016 Shares in e-commerce company Groupon shot up by almost 20 per cent in after hours trading after the firm revealed it swung back into profit in 2015. The group reported a 3.8 per cent increase in revenue in the final quarter of 2015, up to $917m (£634m) from $883m, smashing through expectations of $845.9m. Gross [...]
Disney, Expedia, Cisco and Tripadvisor: Four US stocks bucking the global selloff trend (for now) February 11, 2016 With global shares plummeting and a sheen of sweat starting to form on bankers' brows, you'd think the end was nigh. But it's not all doom and gloom. Check out these US stocks bucking the trend – and proving it isn't the end for the markets (yet). 1. Tripadvisor – up 12.2 per cent Why's it winning? It [...]
Dairy Crest shares churn on losses from in its dairies division February 11, 2016 Dairy Crest shares fell today after the company said losses in its dairies division continued ahead of its sale to German group Müller. The company, which owns Cathedral City cheese and Frijj milkshakes, now expects net proceeds from the sale before working capital adjustments to be around the lower end of £40m to £50m. Dairy Crest added that [...]
PepsiCo reports fourth-quarter 2015 earnings beats revenue estimates as sales rise in North America February 11, 2016 PepsiCo, the US owner of brands ranging from Pepsi to Tropicana and Quaker Oats, reported revenue of $18.59bn (£12.86bn) for the fourth quarter of 2015. This represented a decline of seven per cent from the $19.95bn reported in the same period of 2014, but came in ahead of analysts' expectations of $18.51bn. Profit dipped by [...]
Tate & Lyle share price loses sweetness after it warns of lower profits February 11, 2016 Shares in Tate & Lyle were left a little less sugary today, after the Splenda sweetener-maker warned its full-year profits would be hurt by falls in the value of the Mexican peso and Brazilian real. Tate shares closed down 7.1 per cent to 540p, after it warned full-year reported adjusted pre-tax profit would be “modestly [...]
Residential landlord Grainger posts jump in rents as it taps into UK rental boom February 11, 2016 Grainger has posted a jump in rents as the residential landlord presses ahead with its expansion into the UK's booming private rental sector. Grainger has two main divisions – its portfolio of private rental homes and its regulated tenancy business where it buys properties subject to regulated rents at a discount before eventually selling them at [...]
BG shares to trade for the last time tomorrow ahead of merger with Shell February 11, 2016 BG Group shares will trade on the London Stock Exchange for the last time tomorrow, marking an end to the company's 19-year history. It was created when British Gas was split into two separately-listed companies – BG and Centrica – in 1997. BG today said that the High Court of Justice in England and Wales has given [...]
FTSE 100 index closes lower as banks including HSBC, Lloyds, RBS and Barclays fall and miners’ woes continue February 11, 2016 The FTSE 100 index closed sharply lower on Thursday as the selloff in banking and mining shares continued. The UK's blue-chip index fell 2.39 per cent to 5,536 points, led lower by the financial sector with both banks and insurers set to struggle with low interest rates. "Banks have been hit hard and further steep weakness can not [...]
Google tax row: Economists and accountants react to this morning’s hearing with the Public Accounts Committee, many concluding that the corporate tax system needs a revamp February 11, 2016 From how taxed chair of the Public Accounts Committee (PAC) Meg Hillier's patience was to Google's Europe president Matt Brittin's take-home pay, today's hearing between MPs and Google representatives was a true war of words. For some observers, though, the debate did not quite hit the mark. "The focus today around Google’s tax affairs misses the [...]