Allergan share price soars on confirmation of possible mega-merger with Pfizer October 29, 2015 Allergan has confirmed it is considering joining forces with Pfizer to create the world's biggest drugs company. In a statement, the company said it was "in preliminary friendly discussions regarding a potential business combination transaction" with Pfizer. It added that there was no guarantee of a deal: No agreement has been reached and there can [...]
Deutsche Bank Strategy 2020: Everything you need to know about Deutsche’s turnaround plan October 29, 2015 Deutsche Bank unveiled a €6bn (£4.4bn) loss this morning: it's less than the €6.2bn it warned of in October, but suggests something needed to change. And lo, new chief executive John Cryan spent the morning outlining Strategy 2020, his plans to turn the bank around. Here's a breakdown of his plans: 1. Cutting jobs – and clients [...]
Playtech share price rises on soaring sales October 29, 2015 Playtech’s sales have been soaring in the last quarter, pushing the gambling softwares company’s shares up. The figures Playtech reported revenues of €170.9m (£122.5m) in the third quarter of 2015. This is up 47 per cent against the same period last year. Adding back the impact of taxes, exchange rates and excluding the company’s recent [...]
Deutsche Bank share price dips as it posts €6bn loss and announces plans to cut jobs October 29, 2015 Embattled lender Deutsche Bank posted a €6bn (£4.3bn) loss for its third quarter, adding it will cut thousands of jobs as part of its turnaround plan. Still, that loss isn't as bad as the €6.2bn loss it warned of in October… Read more: Deutsche Bank's big shake-up – here's everything you need to know The figures [...]
BT’s share price rises after it reports adjusted pre-tax profits rise 15 per cent for the first half of the year as new customers are added October 29, 2015 BT added a record number of television customers in the second quarter, reporting a 15 per cent rise in adjusted pre-tax profits for the first half. BT's share price rose 0.8 per cent in early trading on the news. The figures BT reported adjusted profit before tax of £642m for the three months to the end [...]
Barclays’ share price falls as it reports a 10 per cent slide in adjusted pre-tax profits for the third quarter October 29, 2015 Barclays reported adjusted pre-tax profits to have fallen, missing expectations. Barclays' share price fell 3.34 per cent in early morning trading on the news. The figures Barclays reported a 10 per cent fall in adjusted pre-tax profit to £1.43bn for the third quarter, from £1.85bn last quarter and £1.59bn for the same period a year ago. [...]
The decline of cash is on the cards: City A.M. speaks to MasterCard’s Ann Cairns October 28, 2015 Some sports fans carry the burden of their teams’ fortunes around on their shoulders, often for days after a heroic victory or a dramatic defeat. You know the type I mean – we’ve all worked with them, dated them, got married to them… Hell, some of us are them. The football obsessive who springs into work after a [...]
Hostelworld does well in first day of trading on London and Irish Stock Exchanges October 28, 2015 Hostelworld, the online hostel-booking platform, floated on the London and Irish Stock Exchanges today, with shares priced at 185p, and closed up at 197.75p. Well done. The company said the placing of 71.7m shares at 185p would give it a market capitalisation of £176.8m, and hoped it would raise £125.4m. Following the float, US private equity [...]
GoPro share price tumbles more than 15 per cent as it misses estimates with revenues up 43 per cent October 28, 2015 GoPro shares plummeted 15.19 per cent in after hours trading after it released its third quarter earnings. The figures Despite posting revenue up 43 per cent from this time last year, to $400.3m (£262m), GoPro, the wearable camera company, fell short of the $433.6m expected by analysts. Net income was up 28.6 per cent to $18.8m from 2014, [...]
PayPal share price drops on third quarter results October 28, 2015 PayPal's share price dropped by over six per cent in after hours trading after the company reported its first results since splitting from eBay. The online payments firm posted a 15 per cent increase in revenue during the three months to 30 September, up to $2.3bn (£1.5bn) from $1.98bn in the same period of last year. [...]