Sluggish holiday sales pull Build-A-Bear Workshop’s performance down for fourth quarter and curb revenues for fiscal year but share price rises February 16, 2016 Share price in Build-A-Bear Workshop rose despite the company announcing a fall in sales throughout the holiday season in its most recent results today. The retailer reported adjusted net income of $19.6m (£13.7m) for its fiscal year 2015, up from $17.4m for its fiscal year 2014, although total revenue dropped to $377.7m, compared to $392.4m the year before. The company's results [...]
Tesla is the latest car maker to tap the kid market with a scale model version of its electronic sedan February 16, 2016 What do you buy for the child who has everything? A kids' size version of the Tesla Model S built to scale of course. For the pocket-money price of £346, the Tesla Model S for Kids has working headlights, a sound system and a rechargeable battery. Available from May, the electric sedan drives at a [...]
Standard Chartered share price: Investec analysts downgrade bank stock after just two days following share price rally February 16, 2016 Investec has downgraded Standard Chartered to a “hold” rating just two days after upgrading the lender to a buy, after shares in the Asia-facing bank rallied by more than 17 per cent in just two working days. Standard Chartered has struggled since the start of the year, with shares tumbling by over 20 per cent. [...]
EDF says “definitive construction” of Hinkley Point C to start in 2019 February 16, 2016 EDF has said it intends to "proceed rapidly" with the final investment decision for the £18bn construction of Hinkley Point C, paving the way for the "definitive construction" of the nuclear power plant to start in 2019. The French energy giant's chief executive, Jean-Bernard Levy, told reporters while it's yet to complete talks with its Chinese partners before the [...]
US growth and the risk of recession has replaced the China slowdown as biggest investor fear February 16, 2016 Fear over the US economy and risk of a recession has topped the deceleration of China’s economy as the biggest risk for investors, according to the latest Bank of America Merrill Lynch Fund Manager Survey. Global fund managers’ growth and profit expectations are both negative for the first time since July 2012. The survey also [...]
Monopoly money is soon to be a thing of the past thanks to new cashless version of the game February 16, 2016 If the closest you get to holding a giant wad of cash is when you're playing Monopoly, you're not going to like the new version of the game. Hasbro Gaming is set to release a new version of Monopoly Ultimate Banking this autumn, which replaces the iconic notes with credit cards and a teeny, tiny [...]
Gold price rally returns as it snaps two-day losing streak February 16, 2016 The gold price rally returned today, ending a two-day losing streak, as ongoing concerns over the global economy returned a sparkle to its safe-haven status. Spot gold rose 0.38 per cent to $1,213.95 an ounce in mid-afternoon trade. Earlier, it had fallen as low as $1,190.40, having shed 2.3 per cent yesterday, its biggest one-day loss [...]
Merlin Entertainments poaches finance chief from Dechra Pharmaceuticals February 16, 2016 The finance chief of veterinary pharmaceuticals giant Dechra is hopping onto a new ride after agreeing to join Madame Tussauds and Alton Towers owner Merlin Entertainments. Anne-Françoise Nesmes, who has worked for Dechra for three years, will take over the reins from Merlin's current chief financial officer Andrew Carr, who is retiring after more than 16 years with the company. Merlin [...]
Saudi-Russian pledge to freeze oil production may be smoke and mirrors February 16, 2016 Stop press!! Saudi Arabia and Russia have agreed to freeze oil output!! At first glance, the remarks at today's meeting in Doha were hugely significant, coming both from the notoriously stubborn leader of the Opec cartel and one of the largest non-Opec producers in the world. Opec members Qatar and Venezeula, who were also at [...]
Bank of Japan starts paying negative interest rate deposits February 16, 2016 The Bank of Japan introduced its radical policy of charging negative interest rates today. The move, first announced last week, will mean banks have to pay the Bank of Japan (BoJ) to keep reserves there. However, the negative interest rate of 0.1 per cent will only apply to new reserves created as part of the BoJ's asset purchase [...]
