Services news & headlines
Latest breaking stories, features and analysis
- Dish Network reports £345.29 million of net income in fiscal Q2.
- The U.S. company tops analysts' estimates for earnings and revenue.
- Dish Network had 11.27 million Pay-TV subscribers at the end of Q2.
Latest Services news
Rightmove plc (LON: RMV) said on Friday that its pre-tax profit in the first half (H1) of the current fiscal year came in 43% lower. It attributed the decline to the Coronavirus pandemic that pushed the UK housing market into a temporary shut down in recent months. Rightmove announced to have hired a new CFO on £1.75 million package earlier this week. Shares of the company were almost flat in premarket trading on Friday but jumped more than 8% on...
Hargreaves Lansdown (LON: HL) said on Friday that its annual earnings came in stronger on a year over year basis due to the Coronavirus pandemic that fuelled share trading in recent months. Its trading platform, consequently, registered thousand of new clients. Shares of the company jumped about 2% in premarket trading on Friday and gained another 3% on market open. Hargreaves Lansdown is currently trading at £19.08 per share. In comparison, the...
Uber (NYSE: UBER) published its quarterly financial results on Thursday that highlighted a 29% plunge in its revenue in the second quarter. The company had recorded £2.41 billion of revenue in the same quarter last year. Shares of the company tanked roughly 4% in after-hours trading on Thursday. Uber is currently trading at £25.39 per share after bottoming out at £11.28 per share when the Coronavirus pandemic restricted people to their homes. At...
Aviva plc (LON: AV) said on Thursday that its net profit in the first half (H1) of the current fiscal year came in lower on a year over year basis. The company revealed the Coronavirus pandemic to have fuelled general insurance claims in recent months that it valued at £165 million in H1. According to Aviva: “Claims are primarily as a result of disruption to business and travel insured by the group, partially offset by a reduction in the frequenc...
ITV plc (LON: ITV) said on Thursday that its revenue from advertising came in 21% lower in the first half (H1) of the current fiscal year. The company attributed its dovish performance to the Coronavirus pandemic that weighed on demand for production and advertisements. Consequently, its pre-tax profit slumped by an unparalleled 93%. Shares of the company tanked less than 1% in premarket trading on Thursday. The stock, however, declined by anothe...
Roku Inc. (NASDAQ: ROKU) published its quarterly financial results on Wednesday that came in stronger than what the experts had forecast. The company announced its users to have streamed content worth 14.6 billion hours in total in the fiscal second quarter. Roku had previously reported more than usual ad cancellations in Q1. Shares of the company initially jumped 6% in extended trading on Wednesday but then dropped about 7% later on. At £124.50...
Legal & General (LON: LGEN) said on Wednesday that its operating profit in the first half (H1) of the current fiscal year came in 2% lower at £1.13 billion attributed to the Coronavirus pandemic. Previously L&G expressed plans of issuing debt in June. Shares of the company opened about 3% down on Wednesday and tanked another 1% in the next hour. At 217 pence per share, Legal & General is currently 30% down year to date in the stock ma...
The Walt Disney Company (NYSE: DIS) published its quarterly financial results on Tuesday that sent its shares up 5% in extended trading. According to CEO Bob Chapek, Disney will release Mulan online via Disney Plus. At £94 per share, including the gain in after-hours trading on Tuesday, Disney is currently more than 15% down year to date in the stock market after recovering from an even lower £65.62 per share when the impact of COVID-19 was at it...
American International Group (NYSE: AIG) published its quarterly financial results on Monday that highlighted its adjusted earnings to have tanked by a massive 56%. The company attributed the decline to lower private-equity returns and higher catastrophe losses in the fiscal second quarter. Shares of the company tanked about 3% in extended trading on Monday. At £24 per share, American International Group is roughly 40% down year to date in the st...
Direct Line (LON: DLG) said on Tuesday that its first-half profit came in stronger than expected as motor claims dropped significantly in recent months due to COVID-19 that pushed Britons into driving less. In separate news from the United Kingdom, engineering group Babcock International reported a 40% decline in its first-quarter profit on Tuesday. Shares of the company opened about 7% up on Tuesday and jumped another 2% in the next hours. At 33...
Hiscox (LON: HSX) said on Monday that it swung to a loss in the first half (H1) of the current fiscal year. The company attributed the decline to the Coronavirus pandemic that cancelled holidays and sports events in recent months. COVID-19 has so far infected more than 300,000 people in the United Kingdom and caused over 46,000 deaths. Shares of the company opened more than 2% down on Monday and tanked another 5% in the next hour. At 738 pence pe...
Facebook (NASDAQ: FB) said on Thursday that its revenue grew at the slowest pace in the second quarter since its IPO in 2012. Its quarterly financial results, however, were still stronger than what the experts had forecast. CEO Mark Zuckerberg of Facebook testified before the U.S. Congress on Wednesday along with the CEOs of Amazon, Apple, and Alphabet. Shares of the company jumped roughly 7% in after-hours trading on Friday. At £190 per share, F...
Alphabet Inc. (NASDAQ: GOOGL) published its quarterly financial results on Thursday that highlighted the company’s revenue to have plunged for the first time in history. The company attributed the decline to the Coronavirus pandemic that pushed advertisers into slashing spending in the fiscal second quarter. Shares of the company jumped less than 1% in extended trading on Friday. At £1,178 per share, Alphabet is currently trading more than 10% up...
Amazon (NASDAQ: AMZN) published its quarterly financial results on Thursday that came in significantly stronger than what the experts had forecast. The company attributed its hawkish performance to the Coronavirus pandemic that fuelled online shopping in recent months. Shares of the company jumped about 5% in extended trading on Thursday. At £2,443 per share, Amazon is currently just under 70% up year to date in the stock market after recovering...
Comcast Corp (NASDAQ: CMCSA) published its quarterly financial results on Thursday that topped analysts’ estimates for earnings and revenue. The second quarter marked the first for the company after the launch of Peacock (ad-supported streaming service) and the one that reflected the full impact of COVID-19 on Comcast’s business. In April, Comcast had reported a 40% decline in profit in the first quarter. Shares of the company opened more than 1%...
PayPal (NASDAQ: PYPL) published its quarterly financial results on Wednesday that came in stronger than what the analysts had anticipated. The company attributed its hawkish performance to the Coronavirus pandemic that fuelled digital payments in recent months. PayPal selected Paxos as the crypto supplier for its new service earlier in July. Shares of the company jumped about 4% in extended trading on Wednesday. The £167 billion company that has...
In a report on Wednesday, Barclays (LON: BARC) said that its net income in the first half (H1) of the ongoing financial year came in at £695 million. In the second quarter, the company said, it set aside £1.6 billion to cover for COVID-19 drive credit losses. It concluded H1 with £3.7 billion of credit impairment charges in total. Its peer, Deutsche Bank, also reported earnings on Wednesday. Shares of the company dropped about 7% on market open....