Netflix shares rise as it beats profit expectations ahead of streaming wars October 16, 2019 Shares in Netflix rose as much as much as nine per cent in after-hours trading as the streaming giant’s third-quarter profit beat analysts’ forecasts. Netflix today reported net profit of $665m (£518.5m) in the three months to the end of September, up almost 40 per cent on the same period last year. Earnings per share [...]
Shareholders tell HKEX to up its offer October 6, 2019 HONG Kong’s stock exchange has reportedly been told to find another £4bn in its war chest if it wants to acquire its London rival. Top shareholders are demanding that the Hong Kong Exchange and Clearing (HKEX) raises the value of its blockbuster offer for the London Stock Exchange (LSE), according to the Mail on Sunday. [...]
Comcast profit beats estimates after boost from broadband and Sky deal October 24, 2019 Media and communications company Comcast has beaten Wall Street estimates for third-quarter profit, which were boosted by its acquisition of Sky last year. Comcast reported an 11 per cent rise in net profit for the third quarter, ahead of analysts’ expectations, driven by a rise in broadband customer numbers. Read more: BBC ‘may not be [...]
The six biggest bull runs since 1962 (and their corrections) October 28, 2019 The current bull market in US stocks started in March 2009 at the height of the global financial crisis and is the longest in recent history, beating the rally between July 1962 and May 1970 by over four years. At the time of writing, the bull market is still going. US stocks are up more [...]
Diversity can prepare City firms for uncertain times ahead October 1, 2019 City bosses need to keep the issue of diversity and inclusion high on their agenda as the UK heads into uncertain times and use it as a tool to both leverage opportunity and improve resilience, according to a panel of experts. In the first of a series of events hosted by City A.M., executives from three of the City’s largest [...]
Nokia investors must wait longer for dividend despite profit rise February 6, 2020 Nokia posted a surprise profit rise for the end of 2019 today, as cost-cutting helped it navigate a “challenging” year in which it slashed its outlook and cancelled its dividend. The figures Net sales were flat at €6.9bn in the three months to the end of December. But Nokia managed to eke out a rise [...]
Stock exchanges at loggerheads: HKEX and LSE refuse to budge over £32bn takeover offer September 24, 2019 Top bosses of the Hong Kong and London stock exchanges appeared to be at loggerheads today as both sides remained hesitant to budge over a £32bn tie-up. In a passionate plea to investors, Hong Kong Exchange and Clearing (HKEX) chief executive Charles Li said that a merging of the two sides would “complete each other”. [...]
Investors expect even higher returns from the stock market in years ahead – despite coronavirus shock August 10, 2020 Savers predict annual returns of 10.9% from their stock market investments, even as Covid-19 halted the longest economic expansion on record and plunged the world into deep recession. Investors continue to hope for double-digit yearly total returns from their portfolios, despite the huge blow inflicted on the global economy by the Covid-19 pandemic, according to [...]
Almost three-quarters of companies were impacted by financial crime last year, survey says May 29, 2019 Nearly three-quarters companies were impacted by financial crime in the last 12 months, according to a survey published today. Read more: Financial investment fraud cases jumped 74 per cent in 2018 According to the survey 72 per cent of organisations were aware of financial crime in their global operations over the last 12 months. More than [...]
Investors pile into Tesla after topping profit expectations October 23, 2019 Shares in Tesla surged more than 11 per cent in after-hours trading tonight, following a set of buoyant third-quarter results. The car maker posted a profit of $1.86 per share, swinging back to profitability. Analysts had expected a loss of 42 cents per share, according to Refinitiv. Revenue for the three months to the end [...]