British Gas owner Centrica has reported its worst results since 2015, resulting in a massive 17 per cent share price slide. It’s full year results for 2019 were a big blow for investors, showing a massive 35 per cent drop in adjusted operating profit to £901m, causing share prices to dip to a low of…
Banking giant Barclays revealed strong full year results this week, but the news was overshadowed by the revelation that its Chief Executive Jes Staley is facing a regulatory probe in relation to his links with disgraced financier Jeffrey Epstein. The news caused Barclays share price to tumble 2.5 per cent, now standing at 176.32p at…
Global markets were able to shake off the coronavirus-related fears that pervaded the markets last week. The positive sentiment returned when the Chinese government, through the Peoples Bank of China (PBoC), injected $173billion of liquidity to stave off the market impact of the coronavirus outbreak. As the week wore on, statistics issued from various countries…
Budget airline Ryanair is soaring after solid third quarter results sent its share price 4.4 per cent higher despite delays in delivery of the new Boeing 737 MAX. Ryanair reported a third quarter net profit of 88m EUR for the third quarter, compared to a 66m EUR loss in the same period of the previous…
Luxury brand Mulberry saw its shares soar more than 11 per cent this week after Sports Direct owner, Mike Ashley, bagged a 12.5 per cent stake in the firm. Shareholders are probably hoping the buy-in from prolific entrepreneur Ashley will be the shot in the arm the brand needs after a troubled few months. In…
Coronavirus has hit the luxury fashion industry as concerns about disruption has sent both Michael Kors owner, Capri, and Burberry shares plummeting. Capri, which owns Michael Kors, Versace and Jimmy Choo, has been forced to close 150 of its 225 Chinese stores and its shares have fallen almost six per cent to $£31.34 at the…