Tesla’s new Model 3 to hit British roads in the middle of next year, Elon Musk says October 25, 2018 Tesla will bring its new lower-cost, mid-range Model 3 car to the UK in mid-2019, chief executive Elon Musk said this morning. The car, which was launched last week, will also reach Australia at around the same time, Musk said on Twitter. Around mid 2019 — Elon Musk (@elonmusk) October 25, 2018 Same — Elon Musk [...]
Ferrari profits rise but Italian stallion won’t change gear on full-year guidance November 5, 2018 Profits at supercar manufacturer Ferrari rose almost five per cent in its third quarter, however the firm stuck to its full-year earnings guidance. The lack of an upgrade caused its share price to fall more than three per cent on the New York Stock Exchange in the first hour of trading this afternoon. Shareholders were [...]
Countdown to Brexit: three market indicators to watch March 22, 2019 The UK is due to leave the European Union (EU) on 29 March 2019. With politicians still struggling to agree the terms of withdrawal, investors in assets linked to the UK economy could be in for an uncertain time. UK investments have already underperformed their global peers since Britain voted to leave the EU, in [...]
Shares dive at fashion house Michael Kors as sales miss expectations November 7, 2018 Michael Kors' shares plunged by 15 per cent today after the luxury fashion group missed Wall Street revenue estimates for the first time in almost two years. The owner of brands such as Jimmy Choo saw revenue come in flat year on year at $643.9m (£489.6m) as European store sales dropped 10 per cent in the three [...]
Lovin it: Rising international sales give boost to McDonald’s shares October 23, 2018 McDonald's reported a 4.2 per cent rise in global sales during the third quarter of 2018, pushing its Wall Street shares up three per cent after the opening bell. Strong demand from the fast-food chain’s international markets helped boost its results this afternoon, in the wake of rising sales in UK, Australian and Japanese markets. [...]
Google parent Alphabet ducks revenue estimates amid sexual harassment furore October 25, 2018 Alphabet edged below consensus estimates on revenue in its third quarter results tonight, despite profits rising higher than analysts anticipated. The Google parent firm’s share price fell more than four per cent in after-hours trading, as revenues hit $33.74bn (£26.3bn) in the third quarter compared with estimates of $34.02bn as collated by S&P Global Market Intelligence. [...]
Only a fifth of investors held their nerve during 2018 stock market tumble July 15, 2019 2018 was a tough year for investors with sharp falls in global stock markets testing the nerve of investors. New global research shows that only 18 per cent of investors said they stuck with their investment plans during the volatile three-month period at the end of 2018. The findings were part of Schroders Global Investor [...]
Nintendo second quarter profits hit eight-year high, but still miss expectations October 30, 2018 Nintendo failed to meet analysts' expectations despite reporting an eight-year profit high for its second-quarter profits today, thanks to sales of Switch consoles and games. The figures The Japanese gaming giant revealed that profits grew 30 per cent year-on-year to hit 30.9bn yen (£214.17m) between July and September. Yet analysts were underwhelmed after estimating profits to [...]
Tesla share price gets into gear after company shows profit in third quarter October 25, 2018 Shares in Tesla have shot up 7.5 per cent today after the company moved into the black in its third quarter results. The carmaker last night said it had turned a $619m (£241m) loss into a profit of $311m in the last three months. Revenue reached $6.82bn, smashing estimates from Refinitiv of $6.33bn. The results will [...]
City Moves for 29 November – who’s switching jobs at CBRE, Co-operative Bank and Genesis? November 28, 2018 Who’s moving jobs? CBRE Global real estate advisor, CBRE, has appointed Colin Elliot to lead its corporate capital markets business, part of CBRE Capital Advisors. The appointment is a key strategic hire for the Capital Advisors team as it looks to optimise the potential for growth of this important business sector, providing strategic financial advice [...]