Markets

Weekend Unlimited Wins The "Pot" Lottery

Weekend Unlimited Wins The After being selected in the lottery conducted by several stock exchanges, Weekend plans to switch its ticker on the Canadian Securities Exchange from YOLO to POT as early as Monday. The stock had fallen 57 percent since the October 15 market close, bringing its market value to C$28.6 million before trading opened Friday. The YOLO ticker may find new life in another pot-related security, as the... [Full Article...]

£240,000 Range Rover SV Coupe has been cancelled

£240,000 Range Rover SV Coupe has been cancelled Disappointed in Land Rover's decision to cancel the super-exclusive Rangie? Sending drive through an eight-speed automatic transmission, Land Rover claimed the SV Coupe would accelerate from zero to 100km/h in 5.3 seconds. Unfortunately, RR's parent company Jaguar Land Rover finds itself in the midst of a flawless storm. At £240,000 and above, the vehicle was going to become the marque's most ... [Full Article...]

ScS withdraws bid for Sofa.com

ScS withdraws bid for Sofa.com The deal would allow Ashley to add more Sofa.com concessions to House of Fraser chain he rescued past year, the report said, adding the cut price deal for Sofa.com had been a "solvent transaction" which preserved jobs. This step has been taken despite ScS reporting that it was "in a strong position to manage the continued economic uncertainty and take advantage of opportunities" in a trading u... [Full Article...]

US Jobs Reported Growth Despite Government Shutdown

US Jobs Reported Growth Despite Government Shutdown Government shutdown or not, this looked like a big report from the Bureau of Labor Statistics for January's employment situation . The numbers exclude farm work, which is seasonal and often volatile. But the shutdown was also a driver of the rise in the unemployment rate , since the separate survey of households used to determine the joblessness counted furloughed workers as well as contrac... [Full Article...]

SSE to sell stake in Scottish wind farms for £635m

SSE to sell stake in Scottish wind farms for £635m Greencoat Capital LLP manages both UKW and the investments of the pension fund. UKW will acquire a net 35.5% stake in the wind farms for a consideration of GBP452m (including cash and working capital), while the United Kingdom pension fund will acquire a net 14.4% for GBP183m. [Full Article...]

Deutsche Bank swings to first full-year profit in 4 years

Deutsche Bank swings to first full-year profit in 4 years Revenues fell four percent, to 25.3 billion euros, but the bank was able to increase pre-tax profit eight percent to 1.3 billion euros. In 2017, the bank posted a net loss of 735 million euros. Commenting on the merger speculation last week, Sewing said his priority was to restore profitability and that a merger was "beyond what I'm now thinking of". [Full Article...]

TSB slumps to annual loss after spending £330mln on IT meltdown

TSB slumps to annual loss after spending £330mln on IT meltdown TSB said it had received some 204,000 complaints, and has yet to resolve tens of thousands - now only about 90 per cent have been addressed. TSB said its loans and advances to customers decreased 2.7% in the period to GBP30.00 billion from GBP30.85 billion the year before. [Full Article...]

'Alexa was very busy': Amazon reports record profits and strong holiday season

'Alexa was very busy': Amazon reports record profits and strong holiday season AWS nudged out Amazon's North American e-commerce unit to deliver the most operating income for 2018. But Amazon has an advantage over those competitors, in that it can leverage growing profits from its Amazon Web Services cloud computing division to allow its e-commerce operations to run on thin profit margins. [Full Article...]


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