Latest World news
2020 has been a year that the investment community won’t forget in a hurry. The coronavirus pandemic led to the beginning of the 2020 stock market crash (or ‘Coronavirus Crash’) on February 20th, 2020, where the world witnessed the fastest fall in global stock markets in financial history. During this time, stock markets plummeted around the world and within weeks stocks fell enough to enter a bear market. But now that recovery is underway,...
Compass Group plc (LON: CPG) said on Tuesday that its pre-tax profit came in lower in fiscal 2020 than last year. The company attributed the decline to weaker revenue due to the ongoing COVID-19 crisis that has so far infected more than 1.5 million people in the United Kingdom and caused over 55 thousand deaths. At £13.43 per share, Compass Group is currently about 30% down year to date in the stock market after recovering from an even lower £10....
Urban Outfitters Inc. (NASDAQ: URBN) said on Monday that its profit remained robust in the fiscal third quarter. The company attributed its upbeat performance to its namesake retail brand that showed resilience in recent months. Urban Outfitters acknowledged that its efforts to minimise expenses also contributed to higher profit. Urban Outfitters was reported a little under 1% down in after-hours trading on Monday. The company shares that you can...
Warner Music Group Corp. (NASDAQ: WMG) reported its financial results on Monday that highlighted a 0.2% year over year growth in its fourth-quarter revenue. On a constant currency basis, total revenue was down by 1.1%. Warner Music said that its net income in the fourth quarter printed at £750 thousand. In the same quarter last year, it had reported a much higher £68 million of net income. On an adjusted basis, its earnings before interest, taxes...
In an announcement on Monday, AstraZeneca plc (LON: AZN) said that interim results from its late-stage clinical trials suggest that its candidate COVID-19 vaccine is effective in 70% of the patients on average. The news came only weeks after Pfizer/BioNTech and Moderna reported nearly 95% efficacy for their respective Coronavirus vaccines, as per the preliminary results. AstraZeneca shares slipped roughly 2% on market open on Monday. Including th...
Prosus NV (AMS: PRX) reported a 29% annualised growth in its H1 earnings on Monday to £1.65 billion. The company attributed the increase primarily to significant returns from its investment in China’s Tencent, that helped offset losses from its other businesses. Prosus NV was reported more than 1% up in premarket trading on Monday and jumped another 1% on market open. At £81.70 per share, its shares that you can learn to buy online here, are now...
Sirius Real Estate Ltd. (LON: SRE) said on Monday that its pre-tax profit in the fiscal first half came in lower than last year. The company, however, expressed confidence that its revenue remained robust in recent months, on the back of which, it raised its dividend on Monday. Sirius Real Estate opened about 3.5% up on Monday and gained another 1% in the next hour. On a year to date basis, it is now close to 3% down in the stock market but has r...
In an announcement on Monday, Daily Mail & General Trust plc (LON: DMGT) said that its pre-tax profit in fiscal 2020 was 50% lower than last year due to the ongoing Coronavirus pandemic that has so far infected more than 1.5 million people in the United Kingdom and caused over 55 thousand deaths. Daily Mail & General Trust plc lost close to 1% on market open on Monday. Including the price action, it is now a little under 20% down year to...
Hibbett Sports Inc. (NASDAQ: HIBB) reported its financial results for the fiscal third quarter on Friday that blew pasts Wall Street estimates. The company also raised its guidance for the full year. Hibbett said that its net income in the third quarter printed at £19.05 million that translates to £1.11 per share. In the same quarter last year, its net income was capped at a sharply lower £1.73 million or 9.79 pence per share. In the prior quarte...
Foot Locker Inc. (NYSE: FL) said on Friday that its profit and comparable-store sales in the fiscal third quarter blew past Wall Street estimates. The company reported £199.61 million of net income in the recent quarter that translates to £1.90 per share. In the comparable quarter of last year, its net income was capped at a much lower £94.15 million or 87 pence per share. Foot Locker is currently 5% down on the intraday chart. The stock has a pe...
The Sage Group plc (LON: SGE) said on Friday that its pre-tax profit in fiscal 2020 came in higher than last year. The company also highlighted that implementation of its subscription-based strategy was going as planned. Sage shares opened a little under 15% down on Friday but jumped back roughly 3% in the next hour. Including the price action, the stock is now exchanging hands at £6.10 per share versus a higher £7.47 per share at the star...
Workday Inc. (NASDAQ: WDAY) reported its financial results for the fiscal third quarter on Thursday that topped analysts’ estimates for earnings and revenue. The company, however, acknowledged the COVID-19 uncertainties that it warned could weigh on performance in the upcoming months. Workday shares slid roughly 3% in after-hours trading on Thursday. On a year to date basis, the U.S. company is now close to 35% up in the stock market. If you’re i...
Intuit Inc. (NASDAQ: INTU) said on Thursday that its revenue in the fiscal first quarter came in 14% higher on a year over year basis. At £149.24 million, its net income in Q1 jumped over 200% as compared to £42.96 million in the same quarter last year. Despite a hawkish financial report, Intuit shares slid under 1% in extended trading on Thursday. Including the price action, the stock is now trading at £272.41 per share or close to 40% up year t...
Macy’s Inc. (NYSE: M) published its financial results for the fiscal third quarter on Thursday that highlighted an over 20% decline in same-store sales. The company attributed dovish sales to the Coronavirus pandemic that restricted people to their homes in recent months. The COVID-19 crisis has so far infected more than 11 million people in the United States and caused over a quarter million deaths. Macy’s had slashed 3,900 corporate jobs or clo...
In a report on Thursday, Naked Wines plc (LON: WINE) said that its loss widened in the fiscal first half, attributed primarily to a write-down. The company, however, expressed confidence that its underlying performance improved in H1. Naked Wines was reported about 4% up in premarket trading on Thursday. The stock jumped another 2% on market open but lost the entire intraday gain later on. On a year to date basis, Naked Wines shares are still mor...
Kingfisher plc (LON: KGF) said that its sales in the fiscal third quarter posted another big jump due to robust demand for DIY (do-it-yourself) amidst the ongoing Coronavirus pandemic that has so far infected more than 1.4 million people in the United Kingdom and caused over 53 thousand deaths. Kingfisher opened about 3% down on Thursday and tanked another 2% in the next hour. Including the price action, it is now trading at £2.85 per share versu...
Royal Mail plc (LON: RMG) said on Thursday that its profit in the fiscal first half was lower than last year. The company, however, raised its guidance for annual revenue. Royal Mail opened more than 2.5% up on Thursday and rallied another 7% in the next hour. On a year to date basis, the stock is now more than 30% up – which is worth considering before you buy Royal Mail shares that had plummeted to as low as £94 per share in the first week of A...
L Brands Inc. (NYSE: LB) published its earnings report for the fiscal third quarter on Wednesday that came in significantly better than what analysts had anticipated. The company attributed its upbeat performance to its Victoria’s Secret brand that it said was particularly hawkish in Q3. L Brands shares jumped close to 15% in extended trading on Wednesday. The stock is now trading at £29.11 per share after recovering from a year to date low of £7...
Nvidia Corp (NASDAQ: NVDA) reported its financial results for the fiscal third quarter on Wednesday that blew past Wall Street estimates. The company attributed its hawkish performance to robust data-centre demand and new gaming cards that it launched in recent months. Shares of Nvidia slipped more than 2% in after-hours trading on Wednesday. On a year to date basis, Nvidia Corp is now more than 100% up – that might be of interest for you if you...
The TJX Companies Inc. (NYSE: TJX) published its financial results for the fiscal third quarter on Wednesday that topped analysts’ estimates for earnings and revenue. The company also expressed confidence that it will declare a dividend next month. The company shares jumped 3.4% in premarket trading. TJX closed the regular session about 1% up on Wednesday, becoming a winning stock – that you can learn how to pick here. On a year to date basis, TJ...
Metro Inc. (TSE: MRU) said on Wednesday that its sales jumped 7.4% to £3.11 billion in the fiscal fourth quarter. The stock opened less than 1% down on Wednesday. On a year to date basis, Metro is currently 15% up in the stock market after recovering close to 20% from its low in March. Learn more about how do people make money on the stock market. Metro values COVID-19 related costs at £20.29 million in Q4 Metro said that its net earnings in the...
Target Corp (NYSE: TGT) said on Wednesday that its net income in the fiscal third quarter came in at £760 million that translates to £1.51 per share. In the comparable quarter of last year, it had reported £537.27 million of net income or £1.05 per share. Target was reported about 1.2% up in premarket trading on Wednesday. It is now exchanging hands at £122.24 per share. In comparison, the stock had plummeted to as low as £68.51 per share in the...
Lowe’s Companies Inc. (NYSE: LOW) reported its financial results for the fiscal third quarter on Wednesday. The company said that sales were better than expected in the recent quarter while adjusted profit matched analysts’ estimates. Lowe’s shares were reported about 4.8% down in premarket trading on Wednesday. On a year to date basis, the American retail company is now more than 30% up in the stock market. Since March, when the impact of COVID-...
British Land Company plc (LON: BLND) posted a wider pretax loss for the fiscal first half on Wednesday. The company attributed its loss to the devaluation of its portfolio and a hit to revenue in recent months. Despite the dovish report, British Land Co. resumed dividend payments on Wednesday. British Land Company opened more than 1% down on Wednesday and lost another 3% in the next hour. It now has a per-share price of £4.9 versus £6.28 p...
In a report on Wednesday, SSE plc (LON: SSE) said that its profit in the fiscal first half came in stronger than last year. Its underlying performance, however, remained under pressure in recent months due to the Coronavirus pandemic that has so far infected more than 1.4 million people in the United Kingdom and caused over 52 thousand deaths. SSE plc slid close to 1.5% on market open on Wednesday but jumped 2.5% in the next hour. At £13.87 per s...