Facebook and Tesla: what to expect from earnings April 24, 2019 | City Talk Facebook: a juggernaut in motion Facebook will report fiscal first quarter earnings after the market closes on Wednesday. Consensus EPS forecasts indicate $1.63, on revenues of a little short of $15bn. This would represent a roughly 4 per cent decline in EPS from the $1.69 reported in the same quarter a year before. However, the advertising [...]
Want to tackle the scourge of fake reviews? The market can help with that April 24, 2019 The internet has led to a massive increase in the amount of information available. Often, this is a good thing. For example, shopping around to find the cheapest price for something has become far easier. But it can have its downsides. A report last week from the consumer magazine Which highlighted one such disadvantage. An [...]
Andrew Bailey is right to think about the City’s future April 23, 2019 Throughout the interminable Brexit debate, sensible voices have been hard to come by – but Andrew Bailey provides one. The head of the Financial Conduct Authority was ahead of the curve in pushing for EU counterparts to match the UK's planning to ensure financial stability in the event of a no-deal Brexit and, now that [...]
Netflix to sell $2bn worth of bonds amid competition with streaming rivals April 23, 2019 Netflix will issue $2bn (£1.5bn) worth of bonds, denominated in both dollars and euros, to raise money as the battle over TV and film streaming intensifies. Read more: Netflix predicts slowed subscriber growth as price hikes begin to hurt The online media giant said the interest rate, maturity date, and other terms of the bonds [...]
Consumer confidence falls in both Eurozone and EU April 23, 2019 Consumer confidence in both the Eurozone and the European Union fell in April, in news that will cast further gloom on a region that has been struggling economically in 2019. Read more: Euro falls as weak Eurozone data triggers slowdown fears The European Commission’s monthly consumer confidence indicator dropped by 0.7 points in the euro [...]
North Sea explorers get boost as US clamps down on Iran oil exports April 23, 2019 Toughened sanctions against Iran helped push up oil prices over the weekend, lighting a fire under London-listed exploration companies today. The cost of international standard Brent crude has risen 2.9 per cent over since Friday, hitting $74.68 per barrel – its highest point since October. Read more: FTSE 100 climbs to fresh six-month high as [...]
UK household earnings rise at sharpest rate in a decade as spending ticks up April 23, 2019 UK household earnings have risen at their fastest rate in a decade and consumers increased their spending in April. The IHS Markit survey also suggested that the current downbeat consumer sentiment could turnaround in the next few months. Read more: Retail and casual dining bounce back in March amid sunny spring weather While spending rose, [...]
FTSE 100 climbs to fresh six-month high as oil giants surge on tighter US sanctions on Iran April 23, 2019 The FTSE 100 climbed to a new six-month high for the year this morning as oil giants saw shares rise as oil prices rocketed. The blue chip index rose 0.4 per cent in early trading to 7,490 points – its highest since 3 October. Read more: Oil prices reach fresh 2019 high as US tightens sanctions [...]
Natwest increases small business loan programme amid Brexit uncertainty April 23, 2019 Natwest will double its growth funding programme for small and medium-sized British businesses, citing the need to help them navigate Brexit disruption. Read more: Government provides £200m for small firms as Brexit threatens EU funding The UK bank’s growth funding loan pot, which was started in May 2018, will be immediately doubled to £6bn in [...]
Oil prices reach fresh 2019 high as US tightens sanctions on Iran April 22, 2019 The price of crude oil climbed over three per cent today following the announcement by the US government that it will end exemptions from Iranian oil sanctions that it granted to countries such as China, India and Japan. Read more: Oil prices reach new 2019 high as tensions rise in Libya Secretary of state Mike Pompeo [...]