Lionsgate Entertainment share price falls in after-hours trading as its third quarter earnings miss expectations February 4, 2016 Shares in Lionsgate Entertainment, the production company behind The Hunger Games, fell in post-market trading today after its revenue disappointed in the third quarter. The company reported earnings fell to $0.27 per share in the third quarter ended December 31st, missing analysts' estimates for $0.47 per share, and down from $0.66 during the same period [...]
News Corp relies on digital real estate business to bolster revenues as news division faces challenges over print advertising February 4, 2016 Media group News Corp has reported revenue of $2.16bn (£1.48bn) for the three months to 31 December, down from $2.26bn in the same period of 2014. Earnings per share also dropped, to $0.20 compared with $0.30 a year earlier. The company, which owns News UK, Dow Jones, the New York Post and Harper Collins Publishers, among [...]
LinkedIn share price tanks as it misses earnings forecasts February 4, 2016 LinkedIn shares plummeted in after-hours trading last night, after its outlook and earnings guidance left investors sorely disappointed, despite its membership growing to a whopping 414m users in the fourth quarter. Users are also more likely to find a job on the professional networking website, with the number of jobs advertised doubling compared with a [...]
Anglo American, Rio Tinto and Antofagasta see share prices rise: Miners soar to the top of the FTSE February 4, 2016 Brighter metal prices and a tumbling US dollar helped turn the fortunes of London-listed miners around today, as analysts speculated that the worst could be over for the embattled sector. Mining stocks were reinvigorated as fading expectations of an interest rate rise by the US Federal Reserve sent the greenback tumbling. This helped gold hit a [...]
Mattel and Hasbro share prices surge on merger report February 4, 2016 Two US toy makers Mattel and Hasbro, between them responsible for childhood favourites such as Hot Wheels and My Little Pony, could embark on a deal which would create one of the world's biggest toy makers. The companies shares jumped after it was reported Hasbro approached Mattel about a potential transaction late last year, with the companies since [...]
Swiss commodity trader Trafigura’s chief released on bail amid fraud probe February 4, 2016 The head of one of the world's largest oil and metals traders, Trafigura, was released on bail after eight months in prison this week, as a probe into alleged fraudulent trading activity continues. Li Bo, who heads the company's operations in Beijing, has not been charged in the matter which relates to losses of $32m (£22m) in a gasoline trade [...]
Ralph Lauren shares plunge as luxury fashion group slashes forecasts, blaming mild weather February 4, 2016 Ralph Lauren shares have plummeted by nearly 18 per cent after the US fashion brand reported a worse-than-expected decline in third quarter sales, blaming the mild winter weather and fewer tourists visiting its stores. The luxury goods group, whose brands include Polo Ralph Lauren and Club Monaco, said net revenues fell by four per cent, or one [...]
Barclays “to hand over Qatar documents” to Serious Fraud Office February 4, 2016 Barclays is set to hand over much-disputed internal documents relating to its dealings in Qatar to the Serious Fraud Office (SFO), Bloomberg has reported. The bank has been under investigation by the SFO since 2012 concerning two emergency cash injections received from its Middle Eastern investors in 2008 during the financial crisis. The money Barclays [...]
Glencore share price rises despite S&P cutting its credit rating to just above junk February 4, 2016 Miner and trader Glencore’s credit rating was left hovering above junk grade today, after Standard & Poor’s (S&P) spliced it to the lowest investment grade, citing concern over the impact of China’s slowing economy on commodity prices. S&P downgraded the Switzerland-based group by one notch to BB- from BBB. It had recently lowered forecasts for [...]
Private equity firms Blackstone and Catalyst win consent for Stratford Island scheme February 4, 2016 Plans for a major regeneration scheme at the centre of Stratford have been given the go-ahead by Newham council, paving the way for 600 new homes. Private equity firms Blackstone Real Estate Partners and Catalyst Capital have won planning permission to two tower blocks on the Stratford Centre site – one of 42 storeys and the other of 25 – [...]