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…
Betting shop magnate, GVC, which owns Ladbrokes and Coral, is sticking to its plan to close 900 bookies in the next two years despite another profit upgrade which has sent share prices soaring. Wednesday’s upgraded guidance, the second in three months, anticipates EDIBTA of between £670m to £680m, up from previous expectations of £650m to…
Market action for the UK 100 this week has been dominated by massive “risk-off” trading. Tepid manufacturing PMI data from China triggered the risk-off sentiment, which kicked into full swing when the US ISM Manufacturing PMI data gravely disappointed market expectations. A global sell-off in the stock markets as well as risky commodities followed, while…