Latest Media news
Pinterest Inc. (NYSE: PINS) released its first-quarter earnings report on Tuesday that pushed the stock around 19% down in extended trading on lower than expected growth in the company’s user base in the first quarter. Pinterest’s Q1 financial results versus analysts’ estimates According to Refinitiv, experts had forecast the company to print £218.39 million in revenue in Q1. Their estimate for loss per share was capped at 7 pence. In its report...
Disney (NYSE: DIS) released its quarterly financial results on Tuesday that topped analysts’ estimate for revenue but fell short on the earnings front. Following the release of the financial report, Disney was reported over 2% down in extended trading on Tuesday. The company said that the Coronavirus pandemic weighed on its cruise and theme parks businesses. However, demand for its newly launched Disney+ was reported higher as the outbreak restri...
While Pearson (LON:PSON) has been shifting focus to e-learning and digital resources, this kind of transformation does not happen overnight, Hargreaves Lansdown has said. The comments came after the troubled publisher cautioned on profits yesterday, having suffered from weaker-than-expected trading in the company’s US Higher Education Courseware business during the key selling season. Pearson’s share price tumbled more...
Pearson’s (LON:PSON) share price has posted a hefty fall in London this morning as the education publisher warned that its operating profit will come in at the bottom end of its guidance range. The update comes after the company posted a rise in six-month revenue back in July, signalling that its shift to digital was starting to pay off. As of 08:57 BST, Pearson’s share price had given up 16.05 percent to 722.60p, significan...
BT Group (LON:BT.A) is gearing up to defend its Champions League crown, with an auction for the television rights expected next month, The Telegraph has reported. European football became the backbone of BT Sport after the former telecoms monopoly outbid rivals in 2013. BT’s share price has fallen deep into the red in London this Monday, having given up 2.32 percent to 174.62p as of 10:07 BST. The stock is underperforming the broader UK mar...
Liberum reckons that there is potential for a ‘major re-rating’ at advertising giant WPP (LON:WPP), Citywire has reported. The comments follow the FTSE 100 group’s half-year results last week which pointed to a slower rate of decline in the company’s North American market. WPP’s share price has been steady in London this Tuesday, having gained 0.45 percent to 975.40p as of 10:11 BST. The shares are outperforming the...
Barclays continues to see BT Group (LON:BT.A) as an ‘equal weight,’ arguing that while the telco’s valuation provides a compelling argument to buy the shares, the group’s consumer division is under pressure and there is uncertainty over the planned roll out of fibre broadband, Proactive Investors reports. The comments came after the former telecom monopoly updated investors on its first-quarter performance last week,...
WPP’s (LON:WPP) share price has fallen into the red in today’s session as the company announced changes to its business sector reporting structure. The update comes after the advertising giant said in April that it was launching a review of the matter.As of 09:49 BST, WPP’s share price had given up 2.52 percent to 913.60, marginally underperforming the broader market selloff, with the benchmark FTSE 100 index currently standing...
Pearson’s (LON:PSN) share price has surged in London in today’s session as the FTSE 100 company posted a rise in six-month revenue, with its shift to digital starting to pay off. The blue-chip publisher further lifted its adjusted earnings per share guidance for the full-year. As of 09:57 BST, Pearson’s share price had added 6.74 percent to stand at 934.40p, lending support to the benchmark FTSE 100 index, along with Vodafone (L...
ITV’s (LON:ITV) share price has soared in London this morning as the company posted a smaller-than-anticipated decline in half-year revenue, helped by contribution from reality show Love Island. The update comes after the blue-chip broadcaster recently signed an agreement with the BBC to launch their joint streaming service BritBox in the fourth quarter of the year. As of 09:09 BST, ITV’s share price had added 6.07 percent to 112.70p,...
ITV’s (LON:ITV) share price has climbed higher in London this morning as the company signed an agreement with the BBC to launch their joint streaming service BritBox in the fourth quarter of the year. The news follows reports in May that negotiations over the service between the two broadcasters had grown tense. As of 09:39 BST, ITV’s share price had added 1.55 percent to 111.10p. The shares are outperforming the broader UK market, wi...
ITV’s (LON:ITV) share price rose in the previous session, finding support in comments by Liberum which lifted its rating on the shares. The move comes as the blue-chip broadcaster prepares to update investors on its half-year performance on July 24. ITV’s share price added 1.27 percent to end trading at 111.30p yesterday, outperforming the broader London market as the benchmark FTSE 100 index rose 0.60 percent. The group’s share...
WPP’s (LON:WPP) share price has climbed higher in London in today’s session as the company announced that the proposed sale of 60 percent of its Kantar business. The move came after the ad giant confirmed earlier this month that it was in talks with Bain Capital for the sale of its majority holding in the business. As of 09:54 BST, WPP’s share price had climbed 0.54 percent higher to 960.40p, marginally outperforming the b...
WPP’s (LON:WPP) share price has fallen into the red in London this Tuesday, as the ad giant confirmed that it was in talks with Bain Capital for the sale of a majority shareholding in Kantar. The update comes amid an ongoing overhaul at the blue-chip company following the departure of founder Martin Sorrell over a complaint of misconduct. As of 08:58 BST, WPP’s share price had given up 1.40 percent to 997.80p. The shares are underperf...
WPP’s (LON:WPP) share price has climbed higher in London in today’s session as the FTSE 100 company announced that it had sold its interest in sports, entertainment and communications group Chime. The move comes as the ad agent looks to simplify its operations as part of its new strategy. As of 08:46 BST, WPP’s share price had added 0.85 percent to 998.60p, largely in line with gains in the broader UK market, with the benchmark...
Former telecoms monopoly BT Group (LON:BT.A) has been in talks to about investing in BritBox, the subscription service set to be launched by ITV (LON:ITV) and the BBC, The Telegraph reports. The news comes after it recently emerged that negotiations between ITV and the BBC had grown tense, with commercial network ITV committing more fully to their jointly-developed subscription service than the publicly funded BBC. BT’s share price surged i...
ITV (LON:ITV) is in a face-off with the BBC over their joint streaming service BritBox, the Financial Times has reported. The news comes after the FTSE 100 group recently said that the streaming service was on track to launch in the second half of the year. ITV’s share price has been little changed in London in today’s session, having inched 0.14 percent higher to 108.20p as of 09:47 BST. The group’s shares are marginally underp...