Market action for the week on UK 100 has been relatively muted. The end of the 1st phase of the US-China trade talks in Washington with a yet-to-be-disclosed partial deal, also took off the risk-on/risk-off sentiment that pervaded the markets last week. This has left the UK 100 at the mercy of the Brexit headlines…
Despite far from spectacular Q3 results from fashion favourite ASOS, its share price has soared by 17% this week. A two-thirds decline in full year profits for the online retailer has not deterred investors, and its share price stood at 3,482p at the time of writing. Results to the end of August showed that profits…
An international acquisition for stationery stalwart, WH Smith, has seen its shares jump as high as 8.4% on Thursday. WH Smith has snapped up Las Vegas-based Marshall Retail Group for £312 million, and the news had sent share prices up to 2,258p. The stationer has been described as ‘a tale of two businesses’ by Brewin…
There have been shifts in share prices for MoneySupermarket and GoCompare this week, so how do the comparison sites compare for investment potential? MoneySupermarket has seen a 10% share price dip after a disappointing Q3 trading statement. The comparison site has performed well for investors up to now, with more and more customers desperate to…
Streaming service, Netflix, is about to release its highly anticipated Q3 earnings – will it keep its investors hooked or is it time to change channels? The subscription service is under pressure after a disappointing growth in paid membership subscribers in the second quarter of 2019 – just 2.7 million signed up, way below its…
Company Focus – HSBC banking on Asia Banking group HSBC has hit the headlines this week with the news that it could be slashing 10,000 workers from its 238,000-strong payroll. The cost-cutting plan is reportedly the first major move from interim CEO, Noel Quinn, who replaced John Flint in August. The news, first reported by…