Exxon Mobil profits slide amid low oil prices but beat expectations October 30, 2015 The figures Exxon Mobil posted profits of $4.24bn (£2.76bn) between July and September, down 47 per cent from $8.07bn a year earlier. The oil major's revenue also fell 37 per cent to $63.75bn. Refining, or downstream, profits nearly doubled to $2bn from a year earlier, while earnings at Exxon's upstream business, also known as exploration and production, crashed 79 per cent to $1.36bn. Oil and gas [...]
TalkTalk share price soars as internal investigation shows hack affected “significantly” fewer customers than originally thought October 30, 2015 The number of people affected by the TalkTalk hack unveiled last Thursday is “significantly less” than originally suspected, the company said today. Hoping to reassure worried customers, TalkTalk has released official figures based on an internal investigation showing how many people had their data accessed, revealing that some 20,000 bank account numbers and 28,000 partially [...]
Harrods cuts dividend by over 30 per cent despite rise in profits October 30, 2015 Harrods, the landmark London department store, cut its dividend payment by more than 30 per cent this year after a fall in turnover caused by 'tough trading conditions'. The retailer's financial accounts reveal although profits edged up 4.2 per cent, investors will receive a reduced dividend payment of £103m, a 31.3 per cent drop from last year's £150m record payout. Read [...]
Pets at Home share price falls despite rising sales October 30, 2015 Shares in Pets at Home slumped seven per cent to 290.4p in lunchtime trading, even though it posted a six per cent rise in revenue to £404.5m in the first half of 2015. In the six months to 8 October, total revenues for the pet retailer rose six per cent to £404.5m. The company posted like-for-like sales growth of 1.8 per [...]
Valeant severs ties with Philidor following share price plunge October 30, 2015 Valeant Pharmaceuticals is “severing all ties” with Philidor, a pharmacy group controlled by the drugs giant. The Canadian company's share price closed over five per cent lower yesterday after two major US healthcare companies put an end to doing business with Philidor. Shares in Valeant continued their fall, diving as much as 15 per cent in after-hours [...]
AB InBev share price rises on soaring Mexican sales ahead of SABMiller megabrew deal October 30, 2015 Sales are soaring for the world’s largest beer brewer, thanks largely to a booming Mexican beer market. The figures AB InBev reported that normalised earnings, before interest, tax, depreciation and amortisation rose by 9.6 per cent in the third quarter to $4.4bn, against the same period last year. Earnings per share were down to $1.02 [...]
British Airways owner IAG share price falls as airline reveals first-ever dividend October 30, 2015 International Airlines Group's share price fell this morning as the group announced its first dividend pay-out as revenues soar. The figures Operating profit climbed up to €1.25bn from €900m for the three months to 30 September. Excluding Aer Lingus, which it acquired this summer, the figures were still strong: that figure reached €1.21bn. Revenues climbed 15.2 per cent to €6.75bn. [...]
BG Group profits, turnover drops as oil price tumbles October 30, 2015 BG Group has issued a set of results worthy of Halloween, with EBITDA slumping 37 per cent in the third quarter as the continued oil price falls and currency woes take their toll. The figures Revenue and other operating income fell nine per cent to $4.15bn (£2.7bn) for the three months, which BG Group put down [...]
China’s Baidu sees shares jump by over six per cent as company reveals growth in mobile business October 29, 2015 Chinese search engine Baidu saw shares shoot up by over six per cent in after hours trading, after the company said its solid third quarter performance had given it confidence to keep investing The figures The company reported earnings per share of 7.92 renminbi (£0.81) for the three months to 30 September, surpassing analysts' expectations [...]
Expedia share price rises as travel group increases bookings by 21 per cent October 29, 2015 Shares in travel firm Expedia headed up by over 10 per cent in after hours trading after the group, which includes the Trivago, Hotels.com and Travelocity brands, posted its third quarter results. The figures The company posted $15.4bn (£10bn) in gross bookings for the three months to 30 September, up 21 per cent from the same [...]