Stockwatch: When you should buy Amazon and Microsoft May 9, 2019 By Edmond Jackson from interactive investor. We've studied the charts, now our companies analyst runs through the fundamentals and gives his view. At a time of questions over durability of growth in US GDP and corporate profits, results in respect of Q1 2019 from Amazon.com Inc (NASDAQ:AMZN)and Microsoft (NASDAQ:MSFT) have beaten expectations. As a result, [...]
Superdry warns on profit as Dunkerton vows to ‘stabilise’ retailer May 9, 2019 Superdry warned investors today that full-year profit is likely to miss expectations, as founder Julian Dunkerton vowed to “stabilise” the situation at the struggling fashion brand. While global revenue grew 3.6 per cent year-on-year in the retailer’s fourth quarter, it warned that underlying profit before tax is “likely to be below the range of market expectations”. Read [...]
Debenhams versus Mike Ashley: Something has gone horribly wrong May 9, 2019 Magpies are among the world’s cleverest animals. Prone to cunning theft from other nests, they enjoy a surprising degree of protection. Foiled Debenhams suitor Mike Ashley won’t miss the irony that while his Newcastle United Football Club is nicknamed after these swooping robbers, a marauding band of debtholders have led a planned effort to steal [...]
Puffed: Imperial Brands shares drop on vaping slowdown May 8, 2019 Shares in cigarette maker Imperial Brands fell more than five per cent today after it announced weaker-than-expected e-cigarette sales. Read more: Imperial Brands boosts revenue as its bets on vaping The company boosted its half-year net revenue 3.8 per cent to £3.6bn and earnings-per-share increase 1.1 per cent to 115.6p, ahead of analysts’ forecasts. However, [...]
Marks and Spencer will shut seven stores for the final time as part of a wider restructuring May 4, 2019 Marks and Spencer will shut down seven more stores today as part of its long-term plan to close 100 by 2022. It will bring the total number of stores closed to 47 as the high street retailer adapts to consumer's changing habits. The department store chain is ending its association with town centres across the UK and [...]
Societe Generale profits fall as French bank implements restructuring plan May 3, 2019 French bank Societe Generale reported a drop in profits as it put in place a restructuring plan following a weak 2018. The figures Read more: Societe Generale to cut 1,600 jobs after investment banking review Profit fell 26 per cent to €631m and revenues dropped 1.6 per cent to €6.19bn. Net losses increased to €51m, [...]
Shares fall at shopping centre owner Intu as it warns on rental profit May 3, 2019 Shopping centre developer Intu's share price fell 6.7 per cent this morning as it warned 2019 losses may be worse than expected this morning as the troubled property firm battles with a challenging retail environment. Read more: Intu sells major stake in Derby shopping centre to cut debt The company, which welcomed former finance boss [...]
Fixed income and global funds secure combined inflows of £1.5bn May 2, 2019 Fixed income and global funds saw combined net retail sales of £1.5bn in March, bucking the trend of mounting outflows sparked by Brexit uncertainty. Global funds secured net retail sales of £691m in March, making it the largest month of inflows into the sector on record, according to analysis by the Investment Association. Read more: [...]
Here’s why Boohoo shares are climbing higher May 2, 2019 By Graeme Evans from interactive investor. Stock markets are struggling on boohoo's results day, but the retailer is defying the gloom. Fast fashion is back in vogue on the London market, with well-received results from Boohoo adding to euphoria over a spectacular 2019 for shares in AIM-listed rival ASOS (LSE:ASC). Their recent turnaround follows an [...]
Nurofen maker Reckitt Benckiser sticks to targets despite ‘slow start’ to 2019 May 2, 2019 Reckitt Benckiser experienced a “slow start” to the year as like-for-like sales grew just one per cent annually, its chief executive admitted today. Read more: Consumer goods giant Reckitt Benckiser delivers strong sales growth Home hygiene products grew three per cent year on year for the first three months of 2019 to outperform flat like-for-like [...]