EA results don’t impress investors but management stays cheery ahead of Star Wars Battlefront launch October 29, 2015 Shares in games manufacturer Electronic Arts (EA) fell by 1.99 per cent in after hours trading, despite the company's results for the second quarter of the 2016 financial year beating expectations. The figures Revenue fell to $1.15bn (£750m) from $1.22bn in the same period of last year. Digital revenue was $502m, down from $508m, whereas the [...]
China’s Baidu sees shares jump by over six per cent as company reveals growth in mobile business October 29, 2015 Chinese search engine Baidu saw shares shoot up by over six per cent in after hours trading, after the company said its solid third quarter performance had given it confidence to keep investing The figures The company reported earnings per share of 7.92 renminbi (£0.81) for the three months to 30 September, surpassing analysts' expectations [...]
Corporates to bond at spooky fetish parties October 29, 2015 Halloween is nearly upon us, and if you still haven’t found a house party to crash, the City has pulled out all the stops (along with some whips and chains) for some swanky celebrations. Top of any Square Mile grandee’s list must surely be the Barbican Halloween Ball taking place in the Guildhall’s crypts on [...]
Chin chin! Fair deal for pub tenants under a new beer tie crackdown October 29, 2015 It's bottoms up for pub tenants, who yesterday came one step closer to fairer regulation on controversial “beer tie” agreements that often result in publicans being overcharged by their landlords. In the first of a two-part consultation, the government will seek views from the industry on a new pubs code with a “market rent only” [...]
Expedia share price rises as travel group increases bookings by 21 per cent October 29, 2015 Shares in travel firm Expedia headed up by over 10 per cent in after hours trading after the group, which includes the Trivago, Hotels.com and Travelocity brands, posted its third quarter results. The figures The company posted $15.4bn (£10bn) in gross bookings for the three months to 30 September, up 21 per cent from the same [...]
Time Warner Cable share price jumps as it posts better-than-expected third quarter results October 29, 2015 Time Warner Cable's (TWC) share price gained over three per cent today, after it posted better-than-expected results for the third quarter, ahead of being taken over by Charter Communications. The figures The company posted revenue of $5.9bn (£3.9bn) for the three months to 30 September, up 3.6 per cent on $5.7bn in the same period [...]
MasterCard beats expectations as customers seek priceless memories abroad October 29, 2015 Mastercard customers spent more abroad during the third quarter, helping the payment processing company beat expectations with a small rise in profit. The NYSE-listed firm posted a 16 per cent rise in cross-border volumes – the amount people spend in transactions in other countries – which helped the total volume of transactions rise by 13 [...]
Nissan unveils concept vehicle ahead of 2020 driverless car launch – and it can communicate with pedestrians October 29, 2015 Nissan has launched an autonomous driving "concept vehicle" as part of its plans to launch its own driverless car by 2020. The Japanese motor company is planning to roll out its autonomous car technology in stages. The company unveiled a concept vehicle that "embodies Nissan's vision of the future of autonomous driving” – Nissan Intelligent Driving [...]
Fast growing firms say they will look at relocating if Jeremy Corbyn becomes Prime Minister – Leap 100 October 29, 2015 A majority of fast-growing companies in the UK refuse to rule out relocating abroad if Jeremy Corbyn were elected Prime Minister. Forty-six per cent of the Leap 100 – 100 of the UK’s fastest-growing businesses, surveyed by City A.M. – said they would consider moving overseas if the Labour leader came into power, while a [...]
EU minister agree to hold emergency meeting after business secretary Sajid Javid calls for summit on steel crisis October 29, 2015 European Union ministers have agreed to hold an emergency meeting over the steel crisis within two weeks. Business secretary Sajid Javid called for an EU-wide steel summit during meetings with EU commissioners in Brussels yesterday, saying that "severe pressures" on the European steel sector required "urgent action". Javid said today: “I am determined this council leads [...]
