Netflix share price jumped 2.5% in after-hours trading after it reported earnings that showed a massive spike in international subscribers. However, domestic numbers slumped, reflecting a gradual erosion of its domestic subscriber base by upcoming competition. Netflix added 423,000 new subscribers from the domestic market (US and Canada), which fell [...]
UBS stock price traded 5% lower on Tuesday after it lowered some of its critical estimates for 2020-2022, despite posting Q4 2020 net profits of $722million versus forecasts of $632million. Full-year profit came in at $4.3billion, which was 10% lower than estimates. The critical metrics for UBS which did not [...]
Sirius share price, which had been in freefall for the past year, is recovering after a £405m takeover by Anglo-American was announced Monday. Anglo-American has proposed a buyout of the struggling fertilizer and mining company that was once worth about £1.5billion in a deal which would see the continuation of [...]
Tesco’s share price, which had been on the uptick after data showed that its Christmas sales outstripped that of its competition, has stalled after the proposed sale of its Asian chain is starting to face increased scrutiny. Tesco, which is the UK’s largest retail supermarket chain, had announced in December [...]
Lloyds share price, which has been in a state of free-fall after the UK government sold off most of its holdings in the bank, continued on its downward trajectory on Monday. The company announced Monday that it was going to ban all its consultancy-supplied limited company contractors. This move follows [...]
Netflix will report its Q4 2019 earnings in the pre-market session on Tuesday, January 21, 2020. What are the factors to watch for in next week’s report? a) Domestic market numbers: The markets would want to know how many new subscribers were added, especially with the emergence of new players [...]
Lloyds share price continues on the downward trajectory after the UK government sold off most of its shareholdings in the bank. However, this could be viewed as a form of re-balancing process, as the bank works to modernize its operations via the deployment of enhanced technology. The bank has announced [...]
JPMorgan Chase is one of the few shining stocks today on the Dow Jones Industrials Average, as it has kicked off the earnings season on a solid note by beating the earnings expectations set by market analysts. JPMorgan posted earnings per share of $2.57 and a revenue of $29.211 billion [...]
The UK’s largest regional airline, Flybe, is in the midst of last-minute rescue talks an in effort to stave off a collapse. Flying 8.5 million people per year to 170 European countries, the Exeter-based company has been under financial stress for the past couple of years. In 2018, the company [...]
Ex-Nissan boss Carlos Ghosn is giving a press conference at the moment where he is presenting his case against what he has deemed his illegal arrest and detention in Japan. Ghosn had been under house arrest in Japan over fraud allegations, but he dramatically escaped from the country and is [...]
