Tech stocks: How does the all-time high of Facebook’s share price compare with Amazon, Twitter, Apple, Microsoft and Yahoo? November 5, 2015 Facebook's value has topped $300bn with shares hitting an all-time high following stellar third quarter results yesterday. The social network posted quarterly earning after the bell on Wednesday, showing sales soared by over 40 per cent and mobile growth boomed in the third quarter. “We had a good quarter and got a lot done,” chief exec Mark [...]
Shares rise at Splenda sweetener-maker Tate & Lyle as profits beat forecasts November 5, 2015 Shares in Tate & Lyle have edged 1.6 per cent higher today after the food ingredients giant posted better-than-expected first half profits, in a sign that its turnaround strategy may be paying off. The figures Adjusted profit before tax rose by 28 per cent to £103m in the six months to 30 September compared with [...]
Barclays share price picks up on the news new chief executive Jes Staley has bought 2.8 million shares November 5, 2015 Barclays' new chief executive, Jes Staley, has spent £6.5m buying shares in the lender. The former JP Morgan investment banker bought 2,790,000 ordinary shares for 233p each, the lowest price the shares have traded at since January. Shares dropped as low as 229.3p this morning but have now picked up, hovering around 231p, down 0.1 per cent. Last [...]
AstraZeneca share price rises on improved full-year outlook November 5, 2015 AstraZeneca is optimistic about its full-year figures, and the news has gone down a treat with investors. The figures The British drugmaker has revised its 2015 sales guidance to be “in line” with last year, a slight improvement from a the low single-digit decline it previously anticipated. Similarly, core earnings per share are now expected [...]
Thomas Cook share price hit as UK government cancels flights to Sharm el-Sheikh airport November 5, 2015 Shares in Thomas Cook fell 5.8 per cent to 113.55p in early trading, after the UK government cancelled flights to Sharm el-Sheikh. David Cameron grounded flights to the Egyptian resort last night, saying the safety of British citizens was the government's "first priority", after a Russian Metrojet flight from Sharm crashed in the Sinai peninsula at the [...]
FTSE 100 index opens marginally down despite gains from RSA, AstraZeneca and Glencore November 5, 2015 The FTSE 100 opened marginally lower this morning, despite a positive outlook from AstraZeneca and RSA, and continued support for Glencore following on from yesterday. The UK's top bluechip index was down 0.25 per cent at 6,395 points, led lower by supermarket Morrisons, which reported sales continued to tumble this morning. Total sales excluding fuel were down two per cent, while [...]
RSA share price soars as insurer insists turnaround is on track after collapsed Zurich deal November 5, 2015 The UK insurer has been pummelled by currency headwinds and volatile financial markets, but insists its turnaround remains firmly on track – despite the failed deal with Swiss rival Zurich. The figures RSA reported underlying premium income of £4.4bn for the year to date, up one per cent against last year. The insurer said profit [...]
Toyota slashes outlook as Asia sales plummet 13 per cent November 5, 2015 The world’s largest car maker has been forced to cut its sales outlook for 2015 on sliding car sales. The figures Toyota reported net revenue of 14.09 trillion yen for the six months to 30 September, an increase of 8.9 per cent against the same period last year. Net profit was up 11 per cent from [...]
Morrisons share price falls as interims show profits plummet 35 per cent; chief executive David Potts admits turnaround will be “a long journey” November 5, 2015 Morrisons' share price fell this morning after the supermarket revealed yet another set of bad results, with underlying profits down more than a third. The figures The troubled supermarket, which yesterday sold off its convenience stores arm, said underlying pre-tax profits had tumbled 35 per cent to £117m, while turnover had dropped 5.1 per cent [...]
City remains in dark on HSBC chief executive Stuart Gulliver’s travel plans November 5, 2015 Should I stay or should I should I go? Not the song by The Clash, but the question on HSBC directors’ minds since the bank kicked off its review of whether it ought to move its headquarters. If the exercise was calculated to extract concessions from ministers for Europe’s biggest lender, it has been adroitly handled: [...]