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Latest breaking stories, features and analysis
- Hewlett Packard Enterprise reports £116.99 million of net earnings in Q4.
- The U.S. company says revenue remained flat on a year over year basis.
- HPE to move its corporate headquarters from San Jose to Houston.
Features & analysis
Latest World news
In an announcement on Tuesday, Pets at Home Group (LON: PETS) said that veterinary company Linnaeus Group bought five of its specialist referral practices for £100 million. The company now wishes to expand its footprint in customer-facing services. Pets at Home Group slipped just under 2% on market open on Tuesday but regained the majority of its intraday loss in the next few hours. On a year to date basis, the stock that you can learn to...
Topps Tiles plc (LON: TPT) said on Tuesday that it concluded the financial year in loss due to the ongoing Coronavirus pandemic that has so far infected more than 1.6 million people in the United Kingdom and caused over 58 thousand deaths. The company also forecast that its performance will remain under pressure in the upcoming months as the COVID-19 crisis continued to wreak havoc on the construction industry. According to Topps Tiles: “During t...
Zoom Video Communications Inc. (NASDAQ: ZM) published its financial results for the fiscal third quarter on Monday that came in better than what analysts had anticipated. The company attributed its hawkish performance primarily to its videoconferencing software that continues to be in demand amidst the COVID-19 crisis that has fuelled a trend to work from home this year. Shares of Zoom slid roughly 4% in extended trading on Monday. On a year to d...
In an announcement on Monday, Pets at Home Group (LON: PETS) said it had bought The Vet Connection (veterinary telehealth provider) for £15 million. The company said that the acquisition will help it capitalise on remote consultations amidst the COVID-19 crisis that has restricted people to their homes. The ongoing Coronavirus pandemic has so far infected more than 1.6 million people in the United Kingdom and caused over 58 thousand deaths. Accor...
S&P Global Inc. (NYSE: SPGI) said on Monday that it will buy IHS Markit Ltd (NYSE: INFO) for £32.97 billion. The all-stock deal will mark the largest corporate acquisition this year. The two companies were negotiating the mega-deal for the past few months. Following approval from antitrust regulators, the deal is expected to close next year in the second half. CEO Lance Uggla of IHS Markit commented on the news on Monday and said: “The next s...
Lloyds Banking Group (LON: LLOY) named Charlie Nunn as its next Chief Executive Officer on Monday. Nunn is currently serving at HSBC as the head of wealth and personal banking. Nunn will fill the shoes for Antonio Horta-Osorio at Lloyds. Antonio expressed plans of stepping down in July and is now scheduled to exit the role in 2021 after a 10-year tenure. Lloyds Banking Group shares closed the regular session about 5% down on Monday. The British f...
HSBC Holdings plc (LON: HSBA) has been struggling to compete well with the big fish in the United States for a while. In a report on Saturday, Financial Times said that the largest European bank was now planning on quitting retail banking completely in the United States. At £4.04 per share, HSBC is currently more than 30% down year to date in the stock market. Shares of the British multinational investment bank had plummeted to as low as £2.83 in...
Gold prices have been in the red for the third consecutive week. Today, the price of this precious metal rose by 0.03% to trade at $1,806. However, it is still on its lowest price level since July 2020. Optimism on economic recovery, coupled with investors attraction to emerging markets’ currencies and U.S. equities, has fuelled the downward trend. Projected stability in U.S. political and economic front lessens gold’s safe haven appeal Th...
In an announcement on Wednesday, the Walt Disney Company (NYSE: DIS) said it will slash its workforce by 32 thousand jobs as the ongoing COVID-19 crisis continues to wreak havoc on its business. The company said the lay off will primarily affect workers at its theme parks where foot traffic is at an all-time low this year. Disney shares are currently close to 5% up on the weekly chart. At £111.20 per share, the U.S. company is now trading close t...
In an earlier announcement, Marks & Spencer (LON: MKS) had expressed plans of opening more than 200 of its countrywide stores for the public on 26th December to benefit from post-Christmas sales that traditionally surge sharply on Boxing Day every year. On Thursday, however, the clothing and food retailer reversed its decision and offered an extended break to its workforce over the festive period. M&S currently employs over 70 thousand wo...
Benchmark Holdings plc (LON: BMK) expressed confidence in its financial position on Thursday as it completed planned asset disposals in the year that concluded in September. Benchmark opened about 5.0% up on Friday but lost more than 10% on market open. On a year to date basis, the British company is now close to 20% up. The price action should come in handy if you’re interested in investing in the stock market. Benchmark has £83.2 million of liq...
In a statement on Thursday, CEO Pascal Soriot of AstraZeneca plc (LON: AZN) expressed plans of launching a new global trial that will study the efficacy of its Coronavirus vaccine at a lower dosage. AstraZeneca opened more than 1% down on Friday. It is currently trading close to the same per-share price at which it started the year 2020. The company shares that you can learn to buy online here, have recovered roughly 25% since a year to date low...
Severn Trent plc (LON: SVT) said on Thursday that its profit was lower in the fiscal first half than the same period last year. The company attributed the decline to the ongoing Coronavirus pandemic that weighed on water consumption in recent months. Severn Trent shares are currently about 1% down on the intraday chart on Thursday. On a year to date basis, it is close to 2% down in the stock market after recovering more than 20% since March. The...
Fuller, Smith & Turner plc (LON: FSTA) said on Thursday that it swung to a loss in the fiscal first half as the Coronavirus pandemic pushed its stores into temporarily shutting down. The COVID-19 crisis has so far infected more than 1.5 million people in the United Kingdom and caused over 56 thousand deaths. Fuller, Smith & Turner jumped more than 3% on market open on Thursday but lost the entire intraday gain in the next hour. It...
In a report on Thursday, Mitchells & Butlers plc (LON: MAB) said it concluded fiscal 2020 in loss due to the Coronavirus pandemic that pushed its stores into temporarily shutting down. The company also revealed to have slashed its workforce by 1,300 jobs. Shares of the company tanked more than 1% on market open on Thursday. Including the price action, Mitchells & Butlers shares that you can learn to buy online here, are now trading at £2....
Aviva plc (LON: AV) said on Thursday that trading remained robust in the first three quarters despite the ongoing Coronavirus pandemic that has so far infected more than 1.5 million people in the United Kingdom and caused over 56 thousand deaths. On the back of resilient performance, the company decided in favour of reinstating dividend payments for the fiscal first half. Aviva plc opened more than 0.5% up on Thursday but lost over 1% in the next...
In an announcement on Thursday, Britvic plc (LON: BVIC) said that its pre-tax profit saw a slight improvement in fiscal 2020 as lower costs helped even out the decline in revenue. The company, however, warned that the newly imposed COVID-19 restrictions were expected to keep its performance under pressure in the first six months of the current financial year. The COVID-19 crisis has so far infected more than 1.5 million people in the United Kingd...