JD Sports (LON: JD) revealed to have bought Shoe Palace for £244 million on Tuesday – an acquisition that the British company expects will help it expand its operations in the United States West Coast. JD Sports bought Finish Line in 2018 to make a debut in the U.S.
In a report on Tuesday, Inditex (ETR: IXD1) said that its sales and net profit in the fiscal third quarter noted a decline due to the ongoing Coronavirus pandemic that has so far infected more than 73 million people worldwide and caused over 1.6 million deaths. Inditex opened more…
Hennes & Mauritz AB (ETR: HMSB) said on Tuesday that its sales in the fiscal fourth quarter came in 15% lower than last year – a slightly narrower decline in quarterly sales than expected. The company said that a quick recovery in sales that started in the third quarter…
In an announcement on Monday, Bed Bath & Beyond Inc. (NASDAQ: BBBY) said it will sell its Cost Plus World Market business to Kingswood Capital Management. The deal, as per the home goods retailer, is likely to close before the end of fiscal 2021 in February. Shares of the…
Huntington Bancshares Inc (NASDAQ: HBAN) said on Sunday that it will buy TCF Financial Corp. (NASDAQ: TCF) for £4.50 billion. The new company, after the completion of the all-stock deal, will have a market value of £16.49 billion. TCF Financial jumped about 7% in premarket trading on Monday…
Rightmove plc (LON: RMV) forecast on Monday that house price inflation will keep much of its momentum next year and decline only slightly to 4% despite an expected rise in unemployment, as per the Bank of England’s forecast. Rightmove shares, that you can learn to buy online here,…
In an announcement on Monday, Electronic Arts Inc. (NASDAQ: EA) said it will buy, Codemasters (LON: CDM), for £900 million. The British video game developer had previously struck an agreement with Take-Two Interactive Software – a bid that EA successfully trumped on Monday. At £102 per share, Electronic…
SThree plc (LON: STEM) reported a significant decline in its full-year net fees on Monday that it attributed primarily to the Coronavirus pandemic that weighed on global hiring activity in 2020. The COVID-19 crisis has so far infected more than 1.8 million people in the United Kingdom and caused…
In a report on Saturday, Sky News said that Rolls-Royce Holdings plc (LON: RR) had started looking for potential candidates for the role of its next chairman. The aero-engine manufacturer has begun the search reasonably ahead of time and a successor to its current chairman, Ian Davis, is unlikely…
AstraZeneca plc (LON: AZN) said on Saturday that it will buy Alexion Pharmaceuticals (NASDAQ: ALXN) for £29.50 billion. The acquisition marks the largest for the British pharmaceutical giant in history. As per AstraZeneca, bringing the U.S. drug manufacturer under its umbrella will help diversify its portfolio and expand…
In its annual report published on Friday, Asda said it paid Walmart Inc. (NYSE: WMT) £1.15 billion in dividend in March. Walmart is currently in the process of selling its majority stake in Asda to TDR Capital and Issa Brothers in a deal that values the British supermarket…
Pfizer Inc. (NYSE: PFE) received emergency use authorisation from the U.S. Food and Drug Administration (FDA) for its COVID-19 vaccine that it developed in collaboration with Germany’s BioNTech on Friday. The first round of vaccination comprising 2.9 million doses will begin in the upcoming week and focus primarily on…
In an announcement on Friday, Bellway plc (LON: BWY) said home orders surged significantly in the last four months, that it attributed to public assistance schemes and tax cuts that made people buy more property. Bellway shares opened about 1% up on Friday but lost close to 5% in…
Lululemon Athletica Inc. (NASDAQ: LULU) reported financial results for the fiscal third quarter on Thursday that topped analysts’ estimates for profit and sales. The retailer attributed its hawkish performance to online sales that it said made up over 40% of the total quarterly revenue, and offset the hit to…
Costco Wholesale Corp. (NASDAQ: COST) said on Thursday that its net sales came in lower than expected in the fiscal first quarter despite a 17% annualised increase as customer stockpiled items amidst the ongoing Coronavirus pandemic that has so far infected more than 16 million people in the United…
Broadcom Inc. (NASDAQ: AVGO) reported its financial results for the fiscal fourth quarter on Thursday that came in better than Wall Street estimates. The company also named its new CFO and gave guidance for the future that topped analysts’ estimates. Despite the upbeat earnings report, Broadcom shares, that you…
Oracle Corp. (NYSE: ORCL) published its financial results for the fiscal second quarter on Thursday that topped analysts’ estimates for earnings and revenue. The company’s guidance for the future was also better than expected on Thursday. Oracle initially slipped in extended trading on Thursday but regained the loss later…
Marston’s plc (LON: MARS) said on Thursday that its pre-tax loss significantly widened in fiscal 2020 attributed primarily to the ongoing Coronavirus pandemic that has so far infected more than 1.7 million people in the United Kingdom and caused over 62 thousand deaths. The brewer also said that its…
Frasers Group plc (LON: FRAS) said on Thursday that its core earnings in the fiscal first half came in 25% higher on a year over year basis. The company lifted the bottom end of its full-year forecast on the back of robust digital sales in recent months. Frasers opened…
DS Smith plc (LON: SMDS) said on Thursday that demand for packaging material recovered quickly in the fiscal second quarter as the ongoing Coronavirus pandemic fuelled online shopping in recent months. The company also expressed confidence that it was now time to resume dividend payments. DS Smith jumped more…
In a report on Thursday, Ocado Group plc (LON: OCDO) said that its retail revenue in the fiscal fourth quarter came in significantly better than last year. The company attributed its hawkish performance to the ongoing Coronavirus pandemic that fuelled demand for online grocery in recent months. Ocado Group…
Campbell Soup Co. (NYSE: CPB) reported its financial results for the fiscal first quarter on Wednesday that topped analysts’ estimates for earnings and revenue. Despite better-than-expected performance in Q1, the U.S. company’s guidance missed Wall Street expectations on Wednesday. Campbell Soup was reported less than 1% down in premarket…
Dollarama Inc. (TSE: DOL) said on Wednesday that its revenue came in better than expected in the fiscal third quarter as the COVID-19 crisis restricted people to their homes, fuelling demand for household essentials and Halloween decorations in recent months. At £31 per share, Dollarama is currently 20% up…
Despite the increasing institutional demand for Bitcoin, on-chain metrics show that whales have been offloading a significant number of tokens over the past few weeks. If the selling spree continues, BTC could drop nearly 30%. On the cusp of a massive sell-off Mt. Gox continues playing an important role in…
Victrex plc (LON: VCT) said on Wednesday that its full-year profit came in 29% lower than last year due to the ongoing Coronavirus pandemic that weighed on its business in recent months. The company, however, expressed confidence that sales in its automotive, medical, and electronics segments had bottomed out,…
