Sainsbury’s Profits Slump After A Challenging Year

Along with Morrisons, Tesco and Asda, the UK supermarket Sainsbury’s is in the ‘big four’ of the UK grocery market with over 70% of the market share between them. With that type of dominance, it’s hard to see how they could ever get into trouble. This year, however, the company (who also owns Argos) announced […]

Disney Shares Rise 5% On The Back Of Strong Fourth Quarter Revenue

Walt Disney Co. shares rose 5% on Thursday, following the release of its quarterly results. Revenue was in line with what Wall Street analysts predicted, with the company’s highly anticipated streaming service due to launch in the coming days. Disney Earnings Disney reported earnings of $1.07 per share, or $1.05 billion in total, in comparison […]

Apple Stock Nears Record High After Strong Fourth-Quarter

The consumer electronics giant Apple (AAPL) delivered better than anticipated results for the September quarter, surprising investors and forecasting an optimistic look ahead to the holiday quarter. The California based multinational saw their stock price near an all-time peak on Thursday. Apple saw its stock rise 2.3% to reach 248.76 at the close of the […]

Lloyds Banking Group Reports Disappointing Profits

Lloyds Banking Group has become the latest casualty of the ongoing PPI repayment scheme after reporting that their profits for the third quarter have been almost wiped out after they took a hit of over £1bn. The total bill around the PPI scandal for the bank has now risen to a staggering £22bn, making it […]

Amazon Shares Dip After Poor Profit Reports

E-commerce giant, Amazon, saw its share prices tumble by closing at the end of the week after the company reported disappointing profit figures for the third quarter, dropping by around 25% between July and September. In an announcement made to investors, the company blamed rising shipping prices as the core reason why profits had dropped, […]

US Treasury Issues Warning To China

The US Secretary of the Treasury, Steve Mnuchin, has warned that if an agreement is not reached between the United States and China by December, the US government will pose over $150bn worth of tariffs on Chinese goods. Mnuchin warned in a statement after talks once again broke down between the two countries that if […]

Chinese Growth Slumps As Trade War Continues

Analysts and investors have reiterated warnings about the instability of the Chinese economy after new reports found that the country’s rapid growth had taken a sharp hit over the last year. Still embroiled in a trade war with the United States, the country reported its slowest growth in the economy in twenty-six years with an […]

High-Profile Backers Pull Out Of Facebook Cryptocurrency Project

Facebook’s foray into cryptocurrency hit a new obstacle as it was announced that major financial players including PayPal, Stripe, Visa and eBay have all pulled out of the project. Libra, the project name for Facebook’s grand plan to establish a single global currency, has been hit with problems over the last few months, though this […]

Samsung Electronics Announce Third-quarter Profit Down 56%

Technology giant Samsung Electronics has released limited data over its third-quarter figures, which seem to suggest that their earnings for the period are down 56%. Despite a large projected reduction, the figures are still better than the forecasts by key analysts. Memory Chip Prices The South Korean company is said to be struggling as a […]

Have The US And China Settled Their Trade Dispute?

Following two days of meetings with Chinese negotiators in Washington, the United States announced on the 12th October that impending tariff increases on imports from China would be suspended. According to President Trump, a “phase one deal” had been reached and this would include increased Chinese purchases of agricultural products and also address issues surround […]

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