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…
The highly anticipated half-year results from supermarket giant Tesco were delivered alongside the shock resignation of its CEO, Dave Lewis, on Wednesday. Mr Lewis explained his decision to step down from the helm as personal, saying that a CEO tenure should be finite and ‘now is the time to pass the baton.’ Despite this news…
Luxury car brand Aston Martin is spluttering to the end of its first year as a public company, looking like it might be ready for repairs. The car maker’s shares slumped another 6 per cent on Wednesday, standing at 480.00p at the time of writing, a whopping 75% drop in value since it floated a…