Standard Chartered share price down as group chief executive dubs 2015 performance “poor”, bank brings in annual loss of $1.5bn and underlying profits plummet 84 per cent February 23, 2016 Share price in Standard Chartered dropped this morning as the company revealed that it had made a loss overall for the year and that its underlying profits before tax had dropped sharply. The bank today announced underlying profits before tax of $0.8bn (£0.6bn) for its year ended December 2015, down 84 per cent from $5.2bn the year [...]
UK pensions: Waspi campaign gets a boost as new survey finds that more than half of those scheduled to retire this year are already working past state pension age or are considering doing so February 19, 2016 Many of those due to retire this year are technically already pensioners, and yet more fear they cannot afford to give up work, a new report has found. The study released today by Prudential discovered that 51 per cent of those who are currently planning to retire this year have already reached state pension age [...]
Amazon Studios acquires North American rights to Woody Allen’s upcoming film starring Blake Lively and Kristen Stewart and his new TV show with Miley Cyrus February 18, 2016 Amazon Studios has today acquired the North American rights to Woody Allen's latest feature film. Amazon Studios has obtained all the rights for the region, including theatrical and streaming. The film, which does not yet have a title, is a romantic comedy set in the 1930s starring Blake Lively and Kristen Stewart and is due to be released in cinemas [...]
Applied Materials share price jumps up in after-hours trading despite smartphone component supplier revealing fall in sales and income for first-quarter results February 18, 2016 Shares in Applied Materials rose in after-hours trading today, despite the electronics company revealing a fall in net sales and net income for its first quarter of 2016. The firm, which supplies chip equipment to several of the world's largest tech firms, reported net sales for the quarter ended January 2016 of $2.3bn (£1.6bn), down four [...]
Nordstrom share price plummets in after-hours trading as retailer reports drop in profits in fourth-quarter results February 18, 2016 Shares in Nordstrom fell in after-hours trading today as the company revealed a rise in revenue but a fall in profits for its fourth-quarter results. The retailer reported net sales of $4.1bn (£2.9bn) for its three-months ended 30 January 2016, up 5.2 per cent from $3.9bn for the same period the year before, but net earnings of [...]
Assassin’s Creed, Just Dance and Tom Clancy’s The Division publisher Ubisoft share price up as company reveals less is more approach to games for revenue growth with focus on digital and DLC February 18, 2016 Share price in Ubisoft rose today as the software company unveiled a quality over quantity approach to video games to boost revenue. At an investor day, the French-headquartered company revealed that it intended to boost its revenue by 60 per cent over the next three years to reach €2.2bn (£1.7bn) by fiscal year 2018-19. To do this, the company said [...]
UK pensions: Actuaries slam idea of triple lock, saying protecting pension provision for future generations depends more on better financial education February 18, 2016 Actuaries have today cast doubt on the government's key mechanism for calculating state pension. Responding to the Work and Pensions Select Committee’s inquiry on intergenerational fairness, the Institute and Faculty of Actuaries (IFoA) has said that triple lock is not only unnecessary but would also place an unfair burden on workers in the future. Under triple lock, basic state [...]
Satisfaction with chancellor George Osborne dips but we still rate him higher than shadow chancellor John McDonnell February 18, 2016 This probably isn't the news George Osborne wanted to receive just a month before he's due to deliver his Budget speech: more people in Great Britain are now unhappy than happy with the chancellor's performance. According to results of a poll released today by Ipsos MORI, 46 per cent of people say they are dissatisfied with Osborne's track record, [...]
Asda owner Wal-Mart Stores share price falls as constant currency revenue inches up for fourth quarter and fiscal year 2016, after firm closes more than 250 stores worldwide February 18, 2016 Share price in Wal-Mart Stores fell today after the US retail giant revealed constant currency revenues had inched up only slightly for both its fourth quarter and its fiscal year 2016. Total revenue for the year ended January 2016 was $499.4bn (£347.7bn) on a constant currency basis, up 2.8 per cent on the year before, while [...]
SodaStream International share price fizzes up as profit rises for fourth quarter but revenue falls, thanks to unfavourable foreign exchange movements February 18, 2016 Share price in SodaStream International rose today after the company revealed a fall in revenue but a rise in profits for its fourth-quarter results. The Israel-based company reported revenue for the quarter ended December 2015 of $112.9m (£78.6m), down 10.7 per cent compared with $126.5m for the same period in 2014, with the company blaming unfavourable foreign exchange movements as [...]
