Tag: shares

US trade deficit widens in January

US trade deficit widens in January

The US trade deficit swelled in January to a seven month high of $46.3 billion (£28.8 billion) - much higher than expected. The widening was attributed to higher prices for imported oil, the Commerce Department reported today. Imports continued to surge - rising for the fourth consecutive month in January by 5.2% on a monthly [...]

March 10, 2011 | 0 Comments More
Barclays chief exec to receive £6.5m bonus

Barclays chief exec to receive £6.5m bonus

It has been revealed that Bob Diamond, chief executive of Barclays, will be awarded a bonus of £6.5 million for the 2010 year. While the figure is lower than a reported bonus of £9 million, Mr Diamond, who was appointed chief executive earlier this year, is already paid a £250,000 annual salary. The bonus and [...]

March 7, 2011 | 0 Comments More
HMV Group issues further profits warning

HMV Group issues further profits warning

Music, books, DVDs and games retailer, HMV, has watched its shares plummet 20% today after the firm issued another profits warning. It also revealed it would currently fail to meet the conditions of its loan agreements in April. The retailer, which also owns Waterstone’s bookshops, in January said it was struggling to meet the terms [...]

March 1, 2011 | 0 Comments More
HSBC annual profits double

HSBC annual profits double

HSBC has today posted pre-tax profits of $19 billion (£11.8 billion) for the 2010 year, compared with $7.1 billion for the 2009 year. While the banking giant saw profits double, the results disappointed investors as they were slightly below the $20 billion analysts had expected. Shares in the bank were up 2% prior to the [...]

February 28, 2011 | 0 Comments More
Morgan Stanley reports surge in Q4 profits

Morgan Stanley reports surge in Q4 profits

US banking giant Morgan Stanley has today announced fourth quarter profits surged by 60% - in line with forecasts. The Wall Street bank said net profit came in at $600 million (£375 million) for the final three months of 2010, against a profit of $376 million a year ago. Shares in the bank were up [...]

January 20, 2011 | 0 Comments More
Goldman shares fall on Q4 profits announcement

Goldman shares fall on Q4 profits announcement

US banking giant Goldman Sachs has today reported a $2.39 billion (£1.49 billion) profit for the fourth quarter, 53% lower compared with a year ago. However, the figures were roughly in line with expectations but shares still fell 3.1% to $169.22 in pre-market trading. The fourth quarter figures come at the end of a difficult [...]

January 19, 2011 | 0 Comments More
HMV shares down after credit insurance review

HMV shares down after credit insurance review

Music, books, DVDs and games retailer, HMV, has been dealt a further blow today after credit insurers have reduced the cover they are prepared to give to suppliers of the firm. The news sent its shares down more than 11% in early trading to 23.25p. In a statement today, HMV said: “Credit insurers are reviewing [...]

Citigroup shares fall on Q4 profits announcement

Citigroup shares fall on Q4 profits announcement

US banking giant Citigroup has today reported a $1.3 billion (£811 million) profit for the fourth quarter of 2010, against a loss of $7.6 billion loss a year earlier. Meanwhile, revenue surged to $18.4 billion, from $5.4 billion in the same period a year ago but were 11% lower compared with the third quarter. However, [...]

January 18, 2011 | 0 Comments More
BP shares up on takeover speculation

BP shares up on takeover speculation

Beleaguered oil giant BP saw it shares surge 6% today after speculation mounts that rival Royal Dutch Shell is considering a takeover bid. Shares in the firm closed at 492.90p on London’s FTSE 100 - which, incidentally, closed at just above the key 6,000 mark - its highest level since June 2008. Meanwhile, Shell has [...]

January 4, 2011 | 0 Comments More
Bad weather could hurt UK economy

Bad weather could hurt UK economy

Economists have today warned that the big freeze could hit the UK economy, impacting negatively on growth. In particular, retailers have been badly affected this weekend by a lack of shoppers, who opted to stay home due to the snow and ice. This weekend should have been the busiest of the year for retailers but [...]

December 20, 2010 | 0 Comments More
FTSE falls to 6-week low, hopes pinned on US

FTSE falls to 6-week low, hopes pinned on US

The UK’s FTSE 100 index dropped to a 6-week low today as the euro zone debt crisis continues to weigh heavily on investors minds, despite the imminent bailout for Ireland. The index lost 36 points to 5,644.48 by 8:57 am after earlier falling to 5,614.65 - its lowest since the beginning of October. So far [...]

November 23, 2010 | 0 Comments More
easyJet profit soars on rising passenger numbers

easyJet profit soars on rising passenger numbers

Budget airline easyJet has today said profits have been boosted by a rise in passenger volumes and the group said it will pay its first ever dividend in 2012. The no-frills airline said passenger numbers grew 8% in the full-year to the end of September to 49 million, while profits totalled £154 million in the [...]

November 16, 2010 | 0 Comments More
Market jitters as Ireland debt crisis worsens

Market jitters as Ireland debt crisis worsens

The former “Celtic Tiger” economy is sending jitters throughout the euro zone today after borrowing costs surged to record highs. Rumours of financial aid for the economy increased and come just months after Greece’s debt crisis. However, claims that Ireland will have to turn to the EU rescue fund have been denied but developments are [...]

November 11, 2010 | 0 Comments More
Rolls-Royce makes progress with engine fault

Rolls-Royce makes progress with engine fault

Rolls-Royce, which has seen its shares plunge over the last few days, has said it has made progress in its investigation into the cause of the engine failure on the Qantas fleet of Airbus A380s. In a statement, the firm said: “It is now clear this incident is specific to the Trent 900 engine.” The [...]

November 8, 2010 | 0 Comments More
Rolls-Royce shares down on Qantas engine failure

Rolls-Royce shares down on Qantas engine failure

Shares in Rolls-Royce fell again this morning after the cause of the engine failure on last week’s Qantas flight remains unclear. Qantas today said it had found oil leaks in engines made by Rolls-Royce after the Australian airline had to make an emergency landing last Thursday. The plane was forced to turn back to Singapore [...]

Rok set to enter administration

Rok set to enter administration

It has been revealed that Exeter-based Rok Plc, the building and social housing repairs company, has entered administration. The news comes just two months after Connaught, the social housing maintenance group, called in the administrators after failing to secure funding to pay off a mountain of debt, leading to 1,400 job losses. Meanwhile Rok, which [...]

Barclays shares hit by bond issue speculation

Barclays shares hit by bond issue speculation

Banking giant Barclays is understood to be exploring a number of options that would boost its capital reserves, in order to meet new Basel III regulations. The Basel III rules recently agreed banks need to look to capitalise around 7% and Barclays is rumoured to be issuing a special bond that would enable it boost [...]

October 15, 2010 | 0 Comments More
Thomas Cook and Co-operative travel agents to merge

Thomas Cook and Co-operative travel agents to merge

It has been announced today that high street travel agents, Thomas Cook and the Co-operative Group, are to merge their chain of travel agents. However, the deal will bring “inevitable“ job losses due to overlap within the two companies. The transaction will create a 1,200-branch network and will save more than £35 million a year [...]

October 8, 2010 | 0 Comments More
Tui Travel boosted by late summer bookings

Tui Travel boosted by late summer bookings

Tui Travel has provided an encouraging update today, providing a boost to investors with a 4.2% rise in its share price following the announcement. The company, which is the owner of Thomson, said UK bookings had risen by 5%, while the Nordic region experienced a 16% increase. The company said it had benefited from the [...]

October 5, 2010 | 0 Comments More
Global stock markets knocked after weak US data

Global stock markets knocked after weak US data

Global stock markets have lost ground today after worse-than-expected weekly jobless numbers from the US yesterday. Furthermore, Tokyo shares were down as speculation mounted that the Bank of Japan would hold an emergency meeting to discuss the strength of its currency, the yen. The yen has hit a 15-month high against the dollar - fuelling [...]

August 20, 2010 | 0 Comments More