Twitter shares plummet in after hours trading as social network posts quarterly results October 27, 2015 Twitter shares sank by more than 11 per cent in after hours trading as the social network revealed its results for the three months to 30 September, despite revenue and Ebitda coming in ahead of expectations. The figures Revenue in the third quarter was $569m (£372m) compared with $361m in the same period of 2014, while [...]
Ineos is reportedly in talks with Fairfield Energy over its holdings in the North Sea October 27, 2015 Chemicals firm Ineos is reported to be looking at extending its presence in the North Sea oil and gas business. The group is in advanced talks with Fairfield Energy to buy a stake in the Clipper South gasfield, according to Sky News. The deal bring Ineos' holding in the field up to 75 per cent, [...]
Deezer postpones planned IPO due to market conditions October 27, 2015 Music streaming service Deezer has suspended its IPO, the company announced this evening. The group said it was postponing the planned flotation on the Paris stock exchange "due to market conditions" and added that it will review its fundraising options in the future. "Deezer is well funded and well positioned as it continues to pursue its [...]
Carpetright turnaround pays off as first half sales rise October 27, 2015 Carpetright has posted a healthy rise in half-year sales as efforts to spruce up its stores win over more customers through its website paid off. The floorings and beds specialist, said like-for-like sales increased by four per cent in the 25 weeks to 24 October, with total sales up 2.5 per cent. Five stores were opened and [...]
UK ranks as sixth-most business friendly country in the world in World Bank Group’s Doing Business report October 27, 2015 Doing business in the UK just got even better, with the country’s ranking in the World Bank Group’s Doing Business 2016 report climbing to sixth place this year from eighth place last year. The UK also overtook the USA which maintained its seventh place position in the report, which evaluates the impact of regulation on [...]
Equiniti prices at the bottom of IPO range and then shares fall on first day of trading. Ouch. October 27, 2015 First days can be tough, and it's no different on the London Stock Exchange. Payments provider Equiniti priced its shares at the bottom of the range, at £1.65 a share, when it floated today. But shares closed down on its first day of trading at £1.51, having dropped as low as £1.49 during the day. The [...]
Utilitywise share price dips despite reporting 25 per cent jump in profit October 27, 2015 Utilitywise has revealed an increase of profit before tax of 25 per cent to £16.7m for its year ended 31 July 2015. Revenue for the utility management consultancy, which counts HSBC and Krispy Kreme as customers, grew by 41 per cent to £69.1m. Geoff Thompson, Utilitywise chief executive, told City A.M. that the company would [...]
Shoe Zone shares jump despite store closures putting dent in sales October 27, 2015 Shoe Zone shares have risen 5.6 per cent today after the discount footwear chain said it was on track to meet full-year profits, despite a drop in sales. The family-owned chain, which floated on Aim last year, struggled in the autumn of last year after the unusually warm weather hurt demand for winter footwear and [...]
TalkTalk share price rises after cyber attack arrest as it says only customers who have money stolen can terminate contract without charge October 27, 2015 TalkTalk shares have rebounded closing more than 13 per cent up following the arrest and bail of a 15-year-old in connection with a cyber attack on the company. The embattled telecoms firm has also said it will waive fees for customers terminating contracts – but only if they have money stolen as a result of the attack – and suggesting it was unlikely [...]
Out of town shopping centres jump in value on the back of growing popularity October 27, 2015 Britain's out-of-town shopping centres have jumped in value over the last three months thanks growing appetite from investors and retailers opening new shops. Research from estate agency CBRE shows that capital values increased by six per cent in the third quarter, marking the second steepest rise since 2000. That contrasted with a 3.8 per cent [...]