Twitter share price plummets as results are leaked early and fail to meet expectations April 28, 2015 Twitter had a disappointing first quarter, and this was made even worse by the accidental leakage of its results. The figures In the first three months of 2015, Twitter experienced a 74 per cent rise in revenue to $436m (£284m), and had earnings of seven cents per share. This failed to meet analyst expectations of [...]
Endurance International Group’s share price is tanking after Gotham City compared it to Quindell, Gowex April 28, 2015 Gotham City Research has got investors' attention with a note about Endurance International Group (EIGI), with a target share price of “$0.00 per share”. The shadowy analyst firm posted an intriguing tweet earlier today saying it had found a company “that gets us just as excited as Quindell and Gowex did”. https://twitter.com/GothamResearch/status/593045486216425472 [...]
RBS spin-off Williams & Glyn loses chief executive John Maltby ahead of IPO April 28, 2015 Williams & Glyn, the challenger bank being carved out from RBS as a condition of the latter's bailout during the financial crisis, has lost its chief executive before it has even launched. John Maltby will be replaced by Jim Brown, currently chief executive of Ulster Bank. Maltby will take up his former role [...]
Standard Chartered profit dives 22 per cent in the first quarter April 28, 2015 British bank Standard Chartered has said that profit before tax fell by 22 per cent in the first quarter of 2015, as it quashed speculation that it could be eyeing a move east. Pre-tax profit fell to $1.47bn (£96.2) in the first three months of the year, largely due to the performance of its corporate and [...]
UK Oil & Gas share price falls as it admits Horse Hill licence will expire within months April 28, 2015 UK Oil & Gas, aka UKOG, aka the "Gatwick gusher" has admitted its licences to explore the area around Gatwick Airport where it discovered 100bn barrels of oil are due to expire shortly – one in the next six months. The news prompted UKOG's share price to tumble more than seven per cent to 2.86p [...]
BP’s share price shows it’s weathering the oil price crisis – in charts April 28, 2015 BP has suffered under the pressure of falling oil prices, as the continued low cost of the black stuff reshapes the oil industry. The company’s results, released today, showed a 20 per cent drop in profits – which, amazingly, was still above market expectations. Analysts expected earnings could fall to $1.28bn (£840m), but in the event, they [...]
Ex Morrisons chief Dalton Philips pockets £1m bonus April 28, 2015 Former Morrisons chief executive Dalton Philips, whose last year in the role saw the supermarket cut its dividend amid large losses, is being given a £1m bonus for 2014/15. This comes on top of his base salary of £850,000, and other benefits including his pension. In total, Philips will take home almost £2.1m. [...]
Win or draw? Alliance Trust share price rises as Elliott Advisors withdraws resolutions – but gets two seats on the board April 28, 2015 Elliott Advisors will call this a win – Alliance Trust may settle for something rather less emphatic. The day before what was set to be a heated annual general meeting (AGM), the financial services company appears to have reached a truce with one of its largest shareholders by giving it two seats on the board, [...]
BP share price edges up as profits plummet 20 per cent, but still beat expectations April 28, 2015 BP's share price rose slightly this morning, even as the company's results suffered from the effects of low oil prices. The energy giant’s underlying replacement cost profit was down 20 per cent for the three months ending 31 March, compared with the same period a year earlier. That sounds like terrible news, but the company [...]
Whitbread chief executive Andy Harrison announces retirement plans as company profits soar April 28, 2015 The figures Whitbread chief executive Andy Harrison has announced his intention to retire from the role at the end of the next financial year, after the company reported a rise in sales, earnings and profit for the year ended 26 February 2015. Harrison, who previously occupied the same role at easyJet and RAC, said "it is [...]