London Stock Exchange expects shareholder vote on Deutsche Boerse merger after the EU referendum May 18, 2016 The London Stock Exchange expects its shareholders to vote on the proposed merger with Deutsche Boerse after the EU referendum. The company said in a statement this morning that shareholder documents are expected to be published in June. And its shareholders are then expected to be asked to vote at a meeting in July. Read [...]
Philip Morris International’s share price hit as the tobacco giant chokes on earnings below analyst expectations July 19, 2016 Big Four tobacco firm Philip Morris International's (PMI) share price was down almost four per cent on the New York Stock Exchange after it missed analyst expectations in its second quarter results today. The figures The Marlboro maker's cigarette shipment volume fell 4.8 per cent compared to the second quarter of last year, to 209.3bn [...]
Before the bell: What you need to know before the US market open June 23, 2016 Polls are open for the UK's European Union membership vote. Markets are betting people will opt to stay however and rallying around the world. Here's what you need to know before the US market open at 2:30pm London time. In the pre-market the S&P is up by 0.95 per cent, while the Nasdaq is one per cent higher. [...]
Investors race to McDonald’s as profits and share price jumps on first quarter results April 22, 2016 Hungry investors went large on their orders of McDonald’s this morning, hauling the world’s most famous fast food brand up by two per cent in pre-market trading after checking out some impressive first quarter results. McDonald’s worldwide revenues came in at a tasty $5.9bn (£4.1bn) for the three months to March. That was slightly slimmer [...]
Deutsche Boerse forced to retract and clarify executive statements on London Stock Exchange merger, Intercontinental Exchange and Brexit April 30, 2016 Deutsche Boerse has been forced to clarify and retract comments made by executives in relation to its proposed merger with the London Stock Exchange (LSE). The German exchange has taken action after the Takeover Panel took issue with statements on the Intercontinental Exchange (ICE), Brexit and the benefits of the LSE merger. The LSE also [...]
FTSE 100 history: how the index has changed over 33 years July 3, 2017 The FTSE 100 index has just seen one of its quarterly changes with security firm G4S and real estate investment trust Segro promoted to the top 100. Although perhaps small in themselves, these regular events have changed the face of the UK’s leading index since it was formed in 1984. For the many investors whose [...]
Jack Dorsey’s Square posts $379m revenue for first quarter as losses narrow May 5, 2016 Payment processing firm Square, started by Twitter founder Jack Dorsey, has reported revenue of $379m (£262m), a 51 per cent increase year-on-year, beating analysts' expectations. Analysts had been expecting the company to report $344m in revenue. The mobile payment firm reported sales of $374.4m in the previous quarter. Transaction revenue was $300m, while Starbucks transaction revenue was the next [...]
Fitbit shares are on the move after a Wall Street analyst said this April 13, 2016 Shares in Fitbit have climbed after getting a bump from Wall Street analysts on Wednesday. Citigroup analysts raised revenue estimates for the fitness tracker firm which went public last year. Shares were up more than 10 per cent on the New York stock exchange. The analyst put a price target of $30, reiterating its buy rating, and said its stock [...]
London Stock Exchange and Deutsche Boerse undecided on whether shareholders will be asked to vote on merger before EU referendum as Intercontinental Exchange bides time May 2, 2016 The London Stock Exchange (LSE) and Deutsche Boerse have yet to decide whether shareholders will be asked to vote on their proposed merger before the EU referendum. City A.M. understands shareholders will be presented with a prospectus containing details of when the merger will be voted on before 23 June. But the stock exchanges are [...]
US oil producer Goodrich Petroleum files for voluntary Chapter 11 restructuring April 15, 2016 Another US oil producer has been forced to file for bankruptcy protection under Chapter 11 this week as energy companies struggle amid low oil and gas prices. Houston-based Goodrich Petroleum filed for voluntary restructuring today to cut around $400m (£282m) debt from its balance sheet, leaving behind just $40m in debt related to a first lien reserve based loan [...]