HP second quarter earnings: Share price rises in extended trading after a mixed bag of results May 21, 2015 Hewlett Packard (HP) announced disappointing earnings this afternoon, with revenues missing analysts expectations. Earnings came in at $25.5bn, but analysts had expected earnings of $25.64bn and earnings per share of $0.86. On the latter measure, HP beat the predictions by a penny. Shares rose as much as three per cent in extended trading. Why it’s [...]
Economists: Iran faces barriers to strong growth January 18, 2016 The lifting of sanctions against Iran has not erased pessimism over the future of its economic growth. Iran’s economic growth plummeted after sanctions relating to its nuclear programme were put in place. Yet some are warning the removal of restrictions may not mark a return to high levels of pre-sanctions growth for a sustained period. “Given [...]
How alternative finance is making supply chain finance sexy – a Q&A with C2FO’s Colin Sharp April 28, 2016 The world of alternative finance is increasingly varied. There are property equity crowdfunding platforms, remittance firms with Wikipedia payment models. Specialist lending products are growing in popularity and some firms are looking at blockchain technology. Platform C2FO is focused on helping to bring liquidity to business supply chains. It gives companies visibility of their entire [...]
Hipstergeddon? Etsy share price plummets in after-hours trading as as losses jump May 19, 2015 Shares in newly-floated craft site Etsy fell as much as 15 per cent in after-hours trading after its first results since it listed showed its net loss for the three months to the end of March had risen to $36.6m, from $500,000 during the same period last year. That's enough to put a droop in [...]
China’s weakened yuan: Experts warn the country is heading for a second Asian currency crisis as pressure on renminbi continues January 12, 2016 China's weakened yuan sent Asian share prices to their lowest level in four years yesterday, as investors panicked over the currency’s future direction. Ripples of bearish sentiment also hit the South African rand, which suffered its biggest one-day drop in seven years to reach a record low against the dollar. The sell-off continued a difficult start [...]
Is China the new Japan? Why markets are testing whether China will permanently slow to growth of two or three per cent February 3, 2016 Some 25 years ago the world’s then largest ever credit bubble burst, sending the Tokyo stock market index tumbling and Japanese real estate prices into freefall. Now it’s the turn of China to deflate as it surpasses Japan as the world’s biggest credit bubble. The cost for Japan can be measured in terms of its long-period of slow GDP [...]
US GDP growth revised down to two per cent December 22, 2015 The US economy grew at slightly slower rate than previously estimated between July and September, according to figures released today. The economy expanded at an annual pace of two per cent, according to the Bureau of Economic Analysis' (BEA) third estimate of GDP, down from 2.1 per cent in the second estimate. The BEA said the [...]
Don’t be fooled by market calmness, warns Bank for International Settlements December 6, 2015 Financial markets still face a high level of vulnerability despite calming over recent months, the Bank for International Settlements (BIS) warned today. The central bank watchdog said bank credit ratings have deteriorated further since 2010 in major advanced economies. BIS chief economist Claudio Borio said the fact bank shares traded at a discount to book [...]
Tiffany’s share price falls as it reports poor Christmas sales thanks to a strong dollar and weak tourist spending January 19, 2016 Jeweller Tiffany & Co saw its share price tank today, after reporting sales struggled over the Christmas period. Tiffany shares were trading down by around five per cent by late morning in New York. The figures Revenue in the two month holiday period over November and December fell six per cent to to $961m (£679m). On a constant exchange-rate basis, [...]
Christmas gifts 2015: Almost half of UK adults have at least one relative living abroad and 16 December is expected to be the day we are most likely to send money overseas December 16, 2015 Business has become more global but it turns out the same is true for family matters. A study out today from the Post Office International Payments has found that 41 per cent of UK adults now have at least one relative living overseas. So, if you've found yourself grappling with last postage dates for overseas for [...]