Asos on fleek? Share price dips despite strong sales growth January 14, 2016 Online fashion retailer Asos unveiled results ahead of expectations this morning, with retail sales of £446.9m in the four months to the end of December, up 22 per cent from last year. But that wasn't enough to impress investors. The figures In a statement this morning, the retailer said group revenue had risen 23 per cent to [...]
Housebuilder Countryside to IPO on the London Stock Exchange January 14, 2016 Housebuilder Countryside has made a punchy start to 2016, announcing plans to float on the London Stock Exchange – just as global markets teeter on the brink… In a statement this morning, the company said it wants to raise £114m to pay down debt and accelerate growth of existing sites. Investors including Oaktree Capital will use the opportunity to [...]
William Hill’s share price rises despite losing another executive and being hit by hefty gambling duties January 14, 2016 William Hill was hit with hefty gambling duties and reported the loss of another top executive, but that didn't stop its share price rising after posting results in line with expectations. The figures William Hill reported full-year operating profit of £290m, in line with market expectations. Online full-year net revenue rose four per cent to £527.4m. That's [...]
GoPro share price dives after camera company announces disappointing sales and staff cuts January 13, 2016 Shares in wearable camera company GoPro dived 22 per cent in after-hours trading yesterday after the company estimated revenue would be below expectations. GoPro said it is expecting sales revenue of $435m (£301m) for the final three months of 2015, below analysts' expectations. Shares dropped to $11.22. “Fourth quarter revenue reflects lower than anticipated sales of its capture [...]
Qatari-owned Al Jazeera America to close as oil price hits lowest levels since 2003 January 13, 2016 Multinational media conglomerate Al Jazeera will be shutting down its US operation Al Jazeera America (AJAM), the company has said today. "While Al Jazeera America built a loyal audience across the US and increasingly was recognised as an important new voice in television news, the economic landscape of the media environment has driven its strategic decision to [...]
Australia’s Wesfarmers in advanced talks to buy Home Retail Group’s Homebase for £340m January 13, 2016 Home Retail Group last night signalled the break-up of its retail empire after revealing that it is in advanced talks to sell Homebase to one of Australia’s biggest listed companies for £340m. The Perth-based Wesfarmers, which operates department stores and supermarkets as well as coal production facilities, began talks with Home Retail in September before [...]
Banks warned of sharp rise in ransomware attacks as one in four firms are prepared to pay a ransom to hackers to avoid cyber attacks January 13, 2016 One in four firms is prepared to pay a ransom to hackers to avoid a cyber attack, just as banks are warned of ransomware attacks against them rising sharply. With cybercrime a growing threat and strict new EU legislation imposing steep sanctions on firms that fail to protect themselves, it’s no surprise that cybersecurity has [...]
Sainsbury’s, Tesco, Asda and Morrisons: Supermarket petrol price wars to intensify as oil rout deepens January 13, 2016 The supermarket petrol price war is set to intensify, as the "lower for much longer" mantra sweeps through global oil markets. Oil has fallen around 15 per cent since all big four supermarkets – Sainsbury's, Tesco, Asda and Morrisons – slashed diesel prices to below £1 earlier this month. A Morrisons spokesperson said: “If oil prices continue to fall [...]
Recruiter Hays share price falls after fee income grows in quarter ended 31 December 2015, although mining market caused a slowdown in Asia Pacific January 13, 2016 Recruiter Hays announced today that its net fees grew by seven per cent overall on a like-for-like basis for the quarter ending 31 December 2015. In a trading update about its second quarter performance ahead of its interim results in February, Hays revealed that market conditions had been slightly challenging in Asia Pacific and the [...]
Twitter share price falls to all-time low again – this time tumbling under $19 January 13, 2016 Twitter shares fell to earth with all the speed and elegance of a sparrow hitting a window, tumbling under $19 per share for the first time to fresh all-time lows. Stock plummeted to an intraday low of $18.57 shedding more than five per cent and taking it to the lowest it has ever traded at. The social network has been heading [...]
