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 [...]
Twitter chairman Omid Kordestani just bought $2m worth of shares increasing his stake by 30pc and with finance chief Anthony Noto is first Twitter exec to buy this year February 18, 2016 Twitter has received a much needed vote of confidence from its chairman Omid Kordestani who yesterday picked up almost $2m worth of shares increasing his stake by 30 per cent, it's been revealed. Filings with the SEC show he purchased more than 122,000 shares at $16.34 per share. It takes the total value of his investment in the company to just over [...]
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 [...]
Lancashire Holdings share price drops as company reveals a fall in profits and chairman of nine years Martin Thomas announces departure February 18, 2016 Share price in Lancashire Holdings dropped as the chairman announced his departure and the company revealed a fall in profits today. The insurer reported profit before tax for the year ended December 2015 of $171.7m (£119.4m), down from $226.5m for the year ended December 2014, while gross premiums written dropped to $641.1m, compared with $907.6m [...]
FTSE 100 index drops below 6,000 mark as share prices in Anglo American, Shell and pharmaceuticals fall February 18, 2016 The FTSE 100 index traded lower in afternoon trading as investors continue to look to Brussels, where Prime Minister David Cameron hopes to make a deal with the rest of the European Council on his draft reforms. The UK's blue chip index traded 0.84 per cent down at 5,979 points. "Worried British investors have half an eye [...]
Ukraine vows to “vigorously” defend itself after Russia takes it to London court over unpaid €3bn bond February 18, 2016 Ukraine has vowed to vigorously defend its interests as it gears up for a London legal battle with Russia over unpaid debt. Ukraine failed to repay a €3bn (£2.3bn) loan in December. The country argues it cannot repay the loan as it would favour Russia over other investors – Russia did not take part in a [...]
Morrisons takes £30m swipe at supermarket rival Asda…by improving staff tea areas February 18, 2016 The gloves have come off in the latest supermarket fight. Morrisons has announced it will splash out £30m on improving staff rest areas – at a time when it says Asda is doing the exact opposite. The retailer said the four year makeover will see dated decor and furniture thrown out and replaced with new [...]
Vodafone launches £2.9bn convertible bond issue February 18, 2016 Fresh from its merger with Dutch telecoms giant Liberty, Vodafone has unveiled plans to raise £2.9bn through mandatory convertible bonds. In a statement this morning, the company said it will issue its bonds in two tranches – one with a maturity of 18 months, another with a three-year maturity. Their returns are expected to be between 1.2 [...]
BAE Systems share price jumps as it smashes expectations, boosted by Syria crisis February 18, 2016 BAE Systems has reported strong revenue growth with a solid order backlog as Saudi Arabia aircraft deliveries increased. The company's share price rose 1.98 per cent in early morning trading on the news. The figures BAE Systems reported full-year sales of £17.9bn, an increase of 7.8 per cent from 2014. Underlying earnings before interest, tax and amortisation rose [...]
Centrica’s share price rises as losses narrow, while British Gas profits soar 31 per cent February 18, 2016 British Gas parent Centrica's share price rose this morning as the firm revealed it had narrowed its losses for the full year and gave a confident update on its plan to circumvent falling oil prices. The figures Revenues at the UK energy giant dropped five per cent to £28bn, while adjusted operating profit slumped 12 per [...]