Tech firm Tesla has shocked investors by driving into the black with its latest results. Elon Musk’s firm has posted its first quarterly profit in nine months with earnings of $143 million in the three months to September. The news sent shares rocketing 17% to $297.57 despite the firm’s $1.1 bn loss in the first…
Premier Inn owner, Whitbread, looks to be feeling the effects of Brexit uncertainty as it revealed a profit slump in its latest half-yearly report. The hotel and leisure chain announced that pre-tax profits were down by 7.1 per cent to £220m compared to £237m the previous year. The chain has attributed the loss to a…
Fast food investors are not lovin it at the moment as McDonalds share price has slumped five per cent this week in the wake of its Q3 results. The burger giant posted growth in the US of just 4.8%, down from both the previous quarter and analysts’ expectations, despite same store global sales growth of…
Action on the UK 100 for this week was mostly dominated by the Brexit headlines. Last week ended with expectations of the parliamentary vote on what was dubbed as Super Saturday. Alas, there was nothing really super about the Saturday as a change of events occurred, leading to the postponement of the vote to Wednesday….
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…