Amazon, Google and Microsoft’s share prices go crazy on opening after posting strong results October 23, 2015 Amazon, Google (aka Alphabet) and Microsoft's share prices all jumped as US markets opened today, reacting to strong results posted overnight. Amazon's share price opened nine per cent up, while Google's stock soared 11.7 per cent and Microsoft's shares rose 10.2 per cent. Results posted yesterday showed online retail giant Amazon's net sales rose 23 per cent to $25.4bn (£16.5bn) in [...]
American Airlines share price rises on biggest quarterly profit in history October 23, 2015 American Airlines reported its biggest quarterly profit in history today, sending shares in the carrier rising. During the three months from July to September, the carrier, which is the world's largest, achieved a net profit of $1.7bn (£1.1bn) – an 80 per cent increase from the equivalent period last year, when it earned $942m. Excluding [...]
Twitter chief executive Jack Dorsey gives third of his shares back to employees October 23, 2015 Twitter chief executive Jack Dorsey is giving a third of his shares in the company back to its employees, he announced last night. Dorsey said that one per cent of the company – worth an estimated £130m – will be “reinvested directly in our people”. The stock will go into the employee equity pool shared by the company's 4,000 workers. Read [...]
Markets and commodities jump as People’s Bank of China cuts rates October 23, 2015 Happy Friday. European markets and embattled commodities all jumped this afternoon after the Chinese central bank cut rates, unleashing further stimulus on its economy. The People's Bank of China (PBoC to its friends) cut its one-year deposit and lending rates by 0.25 percentage points each, while it cut its reserve requirement ratio by 0.5 percentage points. [...]
UK Oil and Gas Investments: Ukog share price falls after it appoints new finance director Kiran Morzaria to replace Donald Strang October 23, 2015 The company behind the so-called "Gatwick gusher" has appointed a new finance director with immediate effect. UK Oil and Gas Investments' (Ukog) new finance director Kiran Morzaria replaces Donald Strang, who is retiring to focus on other business interests. Morzaria was formerly a director of mining company Tubutama Borax and Tubutama, both of which were dissolved in April 2012. Shares in the [...]
Pearson’s share price is falling for the third day in a row and showing no signs of letting up October 23, 2015 Pearson's share price is trading down for the third consecutive day, and not showing any signs of reversing. In late morning trading the FTSE 100-listed publisher's share price was down 4.4 per cent at 908.6p, having closed 4.9 per cent down yesterday. On Wednesday Pearson's share price fell 15.95 per cent, after it issued a profit warning, saying conditions in its markets [...]
TalkTalk down: Share price falls after “significant and sustained cyber attack” and Metropolitan Police hacking investigation revealed October 23, 2015 The Metropolitan Police has opened a criminal investigation after internet provider TalkTalk sustained a “significant and sustained cyber attack”, which has led to fears that customers’ details might have been hacked. It sent shares in the telecoms firm sliding more than 11 per cent in Friday morning trading. The issue first appeared at 3pm on Wednesday. However, according to [...]
Forex scandal: Barclays, HSBC and RBS agree to £600m fine for foreign exchange rigging October 22, 2015 Three of Britain’s biggest banks were slapped with a $924m (£600m) bill for rigging foreign-exchange markets yesterday. Barclays, HSBC and RBS agreed the bill during a US federal court hearing, according to reports from Sky News. Barclays agreed to pay $384m, HSBC $285m and RBS $255m, people with familiar with the settlements said. French bank [...]
Alphabet share price jumps as group reveals profit surge in first results since dropping Google name October 22, 2015 Shares in online giant Google have jumped by over 10 per cent in after hours trading after the company revealed a 13 per cent jump in revenue to $18.7bn (£12.2bn) in the three months to 30 September. Net income rose to $3.98bn from $2.74bn, and excluding one-off items, earnings per share rose to $7.35, ahead [...]
Slow and steady growth for Grant Thornton as profits and revenues both rise October 22, 2015 Professional services firm Grant Thornton reported full-year profits were up to £78.6m from £77.9m in 2014 on the back of revenues, which rose from £512m to £521m. Revenue grew at a slower pace, up 1.6 per cent, compared with a nine per cent rise last year. The firm said it had seen several major projects [...]
