Anglo American share price rises despite missing analysts’ targets in first quarter April 23, 2015 Shares in mining group Anglo American were up by 4.73 per cent yesterday, despite the company’s failure to meet analysts’ expectations in its production update for the three months to 31 March. Copper production fell by 17 per cent in the first quarter of 2015, down to 171,800 tonnes from 202,000 tonnes in the same [...]
Starbucks share price jumps as sales beat expectations April 23, 2015 The figures Starbucks announced profit of $495m in its fiscal second quarter, a 16 per cent rise bringing earnings per share up to $0.33 compared to $0.28 per share a year earlier. The results triggered a share price of 4.4 per cent in after-hours trading in the US as the company's revenue and profit report [...]
Brent Crude oil prices have just hit a 2015 high on Yemen worries and US data April 23, 2015 Oil prices have surged today on the back of worries over the conflict in Yemen and new data suggesting a fall in US supplies, sending prices to their highest of 2015. Benchmark Brent Crude hit $65.13 a barrel, rising $2.40 or three per cent, its first move above $64 this year, while West Texas Intermediate rose $1.63 [...]
Deutsche Bank Libor fine: Seven crazy things traders said about Libor that cost the bank billions April 23, 2015 Deutsche Bank has been fined billions of pounds over misconduct in relation to fixing inter-bank lending rates Libor, Euribor and Tibor. Transcripts released by the New York Department of Financial Services (NTSDFS) reveal the banter between traders on setting the rates. Here are seven crazy conversations had by traders (emphasis ours). 1. The geezer On [...]
Deutsche Bank slapped with biggest ever Libor fine of £227m for “misleading” UK regulator April 23, 2015 Deutsche Bank has been slapped with a multi-billion pound fine by regulators, including the largest ever handed out by UK authorities, over Libor and Euribor rate-fixing. Germany's biggest lender has been fined £227m by the Financial Conduct Authority (FCA) over Libor and Euribor misconduct and for "misleading" the regulator during its investigation. Three regulators in [...]
Have UK government borrowing figures just given Osborne a pre-election boost? April 23, 2015 Chancellor George Osborne just received a pre-election boost after official figures released today showed he met his target for lowering the country's budget deficit in the 2014/15 financial year. The Office for National Statistics (ONS) said public sector net borrowing, which fills the hole between spending and revenues, fell to £7.4bn in March, down 5.6 percent [...]
Happy St George’s Day: Why another bank holiday would be a terrible idea April 23, 2015 Happy St George's Day. Today people across England will celebrate the country's rich history – not to mention a plethora of weird and wonderful traditions that make up this vibrant culture. But lest we forget amid the merriment: we are in the middle of a General Election. No good time will be allowed to pass [...]
UK house prices: Is this the return of the first-time buyer? April 23, 2015 As UK house prices have risen, so has the story of the death of the first-time buyer. New data suggests this despair may have come too soon, however. A third of people feel better placed to move home than they did 12 months ago, despite wage growth lagging far behind house price inflation. The figures [...]
William Hill shares slide after profits drop 19pc as tax burden begins to bite April 23, 2015 The figures Now isn't the time to bet on bookies, apparently: despite lucrative opportunities around the election, William Hill suffered a fall in operating profit of 19 per cent in the first quarter. Online operating profits dropped 38 per cent while sports betting revenues were hit by the company's largest ever loss-making week in January. [...]
WPP sales are up, but chief executive Martin Sorrell is cautious about the year ahead April 23, 2015 The world's biggest advertising firm had a good first quarter, but warns that clients are giving away less business. The figures During the first three months of 2015, like-for-like sales went up by 2.5 per cent for WPP, mainly driven higher by a strong performance in North America. Revenue was also up 8.3 per cent [...]