Ryanair rocked by profit warning City Talk Ryanair shares have sold-off severely this morning after the airline confirmed that profit would be 12% below the previous forecast. The group now expects full-year profit to be between €1.1 billion and €1.2 billion, and the previous guidance was between €1.25 billion and €1.35 billion. Ryanair cited higher costs regarding fuel and flight compensation regulations [...]
Boohoo in vogue after outlook raised City Talk Boohoo had an impressive six months as revenue and pre-tax profit jumped by 50 per cent and 22 per cent respectively. The group saw strong demand for their brands at home and abroad, as the UK registered a 43 per cent rise in sales and the international division posted a 62 per cent rise in revenue. The overseas [...]
Sky’s final showdown City Talk The battle for Sky will come to an end this weekend. Fox, which is controlled by the Murdochs and Comcast will have their final push to try and snatch the stock. Fox’s latest bid is 1,400p and Comcast’s is 1,475p. Since Fox’s offer is lower they will be given the first chance to put [...]
Sky’s final showdown September 21, 2018 The battle for Sky will come to an end this weekend. Fox, which is controlled by the Murdochs and Comcast will have their final push to try and snatch the stock. Fox’s latest bid is 1,400p and Comcast’s is 1,475p. Since Fox’s offer is lower they will be given the first chance to put [...]
Kingfisher hurt by French unit again September 19, 2018 Kingfish posted a 14.7% fall in first-half pre-tax profit to £375 million, while analysts were anticipating £386 million. The French business was the underperformer of the group, while the British and Polish operations performed well. Gross margin dropped by 40 basis points due to logistics and stock inefficacies largely in France. The group revealed a [...]
Kingfisher hurt by French unit again September 19, 2018 Kingfish posted a 14.7% fall in first-half pre-tax profit to £375 million, while analysts were anticipating £386 million. The French business was the underperformer of the group, while the British and Polish operations performed well. Gross margin dropped by 40 basis points due to logistics and stock inefficacies largely in France. The group revealed a [...]
Morrisons recovery continues September 13, 2018 Morrisons shares are lower today despite the company reporting a strong set of first-half figures. Same-store-sales for the six-month period jumped by 4.9% and second-quarter sales jumped by 6.3% – a nine year high. Stripping out one-off adjustments, profit increased by 9% to £193 million. When you factor in debt restructuring costs and charges relating [...]
Morrisons recovery continues September 13, 2018 Morrisons shares are lower today despite the company reporting a strong set of first-half figures. Same-store-sales for the six-month period jumped by 4.9% and second-quarter sales jumped by 6.3% – a nine year high. Stripping out one-off adjustments, profit increased by 9% to £193 million. When you factor in debt restructuring costs and charges relating [...]
Coinbase keen to create cryptocurrency ETF September 7, 2018 It was reported that Coinbase are in talks with the asset manager Blackrock to establish a cryptocurrency exchange traded fund (ETF). Cryptocurrencies have been in the news a lot over the past 12 months, and many retail investors are keen to invest in these products. Given that they are non-traditional investments, more credibility is added [...]
