Fresnillo share price falls despite it making cost cuts amid commodity price rout March 1, 2016 Fresnillo shares slumped 3.8 per cent to 962p per share this afternoon, after making gains in recent weeks. The figures Fresnillo's revenue rose 2.2 per cent to $1.44bn (£1bn) in the year ended December 31st, from $1.41bn a year earlier. This came as Fresnillo ramped up production and made productivity improvements, which helped offset some of the damage from tumbling precious [...]
Glencore share price falls as profits plunge on weak commodity prices March 1, 2016 Today's results come as no surprise to investors, with Glencore's profits tracking huge falls in commodity prices last year. The figures Glencore's share price fell around 2.4 per cent to 130.p per share this morning. The commodity miner and traders's adjusted net income fell 69 per cent to $1.34bn (£961m) last year, down from $4.28bn a year earlier. This was [...]
Advertised job openings cool off as retailers and factories cut back March 1, 2016 Growth in the number of new job vacancies slowed in January. Available job openings rose 13.3 per cent from the same month last year, according to the data published by jobs site Adzuna this morning. Yearly vacancy growth was above 20 per cent in every month last year. The slowdown was due to a sharper-than-usual [...]
Economy shrugs off market jitters to keep up steady growth March 1, 2016 The UK’s economic growth held up in February in the wake of stock market turmoil and global growth concerns. New survey data published this morning by the Confederation of British Industry (CBI) suggests growth picked up in the three months to February compared with the three months to January. The percentage of firms that said [...]
UK household spending growth slows for fourth month in a row in January, Asda income tracker shows March 1, 2016 UK households enjoyed a double digit rise in their weekly spending power in January, despite growth slowing for the fourth month in a row. Asda’s latest income tracker released today shows that consumers were £12 – or 6.7 per cent – better off in January compared with the same time last year, taking their average [...]
Crocs share price down in after-hours trading as footwear company reveals that clearance sales have had their toll on bottom line, resulting in net losses for its year ended December 2015 February 29, 2016 Share price in Crocs fell in after-hours trading after the company revealed that its promotional prices had not produced profits. The footwear company announced net losses attributable to shareholders for its year ended December 2015 of $98m (£70.4m), a substantial fall from net losses last year of $19m. Revenue for the company also inched down to $1.1bn, [...]
Amazon delivers blow to Ocado with announcement of Morrisons deal February 29, 2016 Ocado shareholders fled to the checkout yesterday after its partner Morrisons revealed it had inked a major deal with Amazon, signing a ground-breaking agreement that will pave the way for the US giant to ramp up its presence in the UK grocery market. The tie-up, which is set to go live in the coming months, will see [...]
Workday share price down in after-hours trading as software company reports widening losses despite surge in revenues February 29, 2016 Share price in Workday fell in after-hours trading this evening as losses grew for the software company despite a surge in revenues. The California-headquartered company announced net losses of $289.9m (£208.2m) for its year ended January 2016, down further from a net loss of $248m the year before. However, the company, which makes human resources [...]
Valeant Pharmaceuticals share price slumps by over 18 per cent as company reveals it’s under investigation by the SEC February 29, 2016 Shares in pharma firm Valeant have dropped by over 18 per cent in after hours trading after a Securities and Exchange Commission (SEC) investigation into the company was revealed. The SEC probe is separate from an existing investigation into a company purchased by Valeant last year, Salix Pharmaceuticals, according to a Bloomberg report. “Valeant confirms [...]
Information Commissioner’s Office hits Brighton-based Prodial with record-breaking fine of £350k for over 46m nuisance calls February 29, 2016 The UK's personal data watchdog has today slammed a Brighton-based firm with its largest ever fine issued for a "staggering" number of nuisance calls. The Information Commissioner's Office (ICO) levied a £350,000 fine to Prodial, which was operating out of a residential property, after the company sent out over 46m calls consisting of automated messages, resulting in [...]