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 [...]
Time Warner Cable share price jumps as it posts better-than-expected third quarter results October 29, 2015 Time Warner Cable's (TWC) share price gained over three per cent today, after it posted better-than-expected results for the third quarter, ahead of being taken over by Charter Communications. The figures The company posted revenue of $5.9bn (£3.9bn) for the three months to 30 September, up 3.6 per cent on $5.7bn in the same period [...]
MasterCard beats expectations as customers seek priceless memories abroad October 29, 2015 Mastercard customers spent more abroad during the third quarter, helping the payment processing company beat expectations with a small rise in profit. The NYSE-listed firm posted a 16 per cent rise in cross-border volumes – the amount people spend in transactions in other countries – which helped the total volume of transactions rise by 13 [...]
Overseas real estate investment into UK regions to hit £14bn this year October 29, 2015 Foreign buyers are splashing out on real estate outside of London, with investment levels expected to hit a record £14bn by the end of the year. Record high prices in the capital have forced investors to look further afield at other cities including Manchester and Birmingham for comparatively higher yields and better returns. Around £10.5bn [...]