Markets
Failed Angolan exploration hits BP profit but results beat expectations
It's a hard time to be an oil giant: oil prices have been hovering around the $50 mark for months now, leaving oil companies (and the likes of Opec) looking for ways to cut costs, hence that Angolan write-off. "As it is, the Gulf of Mexico payments, which had a negative cash impact of around 2 billion USA dollars this quarter, continue to weigh on the group and are forcing it to take on an ever la... [Full Article...]
Shopify Inc. (NYSE:SHOP) Jumps 5.01% Pre-Market
A number of other research firms also recently weighed in on SHOP. Roth Capital lifted their price target on Shopify from $82.00 to $92.00 and gave the company a "buy" rating in a research note on Monday, May 15th. During the same quarter in the previous year, the company posted ($0.06) earnings per share. On average, equities analysts expect that Shopify will post ($0.14) EPS for the current ye... [Full Article...]
The Big Risk in Tesla's Model 3 Launch
Investors aren't the only ones anxious. An American-Canadian, he's the founder and CEO of Tesla and SpaceX, among other epic non-coventional companies . Tesla started taking reservations for the Model 3 in March 2016. The point of Tesla was to make a great, affordable auto that was better than any gasoline vehicle. [Full Article...]
Lumber Liquidators Holdings Inc (LL) Stock Skyrockets on Q2 Earnings Beat
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter. Btim holds 291,541 shares. Prudential Fincl owns 45,778 shares. Finally, ValuEngine upgraded Lumber Liquidators Holdings from a "sell" rating to a "hold" rating in a research note on Friday, June 2nd. [Full Article...]
Morrisons To Become Sole UK Wholesale Supply Partner For McColl's
By the end of next year, the FTSE 100-listed supermarket expects its annual total sales from its wholesale partners to exceed the £700m threshold. The deal will see Morrisons supply both products from the relaunched Safeway brand and branded products to McColl's, with a phased rollout programme set to commence in January 2018. [Full Article...]
Royal Caribbean Cruises Ltd (RCL) Shares Jump on Q2 Earnings, Outlook
Scopus Asset Management Lp sold 175,000 shares as Royal Caribbean Cruises Ltd ( RCL)'s stock rose 11.49%. Hsbc Hldg Pcl reported 18,528 shares or 0% of all its holdings. Sterne Agee CRT initiated Royal Caribbean Cruises Ltd (NYSE: RCL ) on Tuesday, June 7 with "Neutral" rating. The company was upgraded on Thursday, July 20 by J.P. [Full Article...]
The Bristol-Myers Squibb Company (NYSE:BMY) Cut to Hold at BidaskClub
Holland Management Ltd Liability, a Illinois-based fund reported 550,600 shares. Pfizer Inc now has $198.10 billion valuation . The stock rose 0.49% or $0.06 reaching $13.31 per share. William Harris Invsts accumulated 92,391 shares. Bristol-Myers Squibb (NYSE:BMY) last posted its quarterly earnings data on Thursday, July 27th. The correct version of this piece of content can be accessed at ... [Full Article...]
AA fires executive chairman for "gross misconduct"
He was previously the chairman and CEO of National Car Parks and its subsidiary Green Flag, as well as CEO of Sea Containers and chairman of Northgate and of PHS Group. It reported that "significant spikes in demand" in June and July meant it had not had enough roadside patrols in place to help drivers. "We have this year incurred a one-off, accelerated cost relating to a profit sharing arrangemen... [Full Article...]