Tag Archives: shares

Infosys shares rise on reports co-founder Nilekani may return to board

Shares in Infosys rose for a third straight day on Thursday, following reports that former chief executive Nandan Nilekani could return to the board to help the software services exporter ride out its latest controversy. The board has been locked in a dispute for months with the company’s founders, led by former chairman Narayana Murthy, who have accused the directors… Read More »

Shake Shack shares fall after sales go cold

Shares of burger and milkshake chain Shake Shack sank by as much as 15% in after-hours trading after it posted an unexpected sales decline. The fast food company said revenue at existing stores fell 2.5% after cold weather in the US Northeast hurt sales. Profits were $2.3m (£1.8m) in the quarter, up 55% year-on-year. Chief executive Randy Garutti… Read More »

£900 coat maker Canada Goose to sell shares

Canada Goose, maker of Arctic coats costing as much as £900, has applied for a stock market listing in New York and Toronto. The company, part-owned by private equity firm Bain Capital, wants to pay off some of its debt, it says. It was founded in 1957 in Toronto and is known for its coyote fur-lined hooded jackets.… Read More »

Expectations of Donald Trump dismantling Dodd-Frank send banking shares higher

Shares in banks and insurance groups are rallying in London, following the reports that President Donald Trump will take steps to dismantle regulations brought in to prevent another financial crisis. Mr Trump is expected to order a review of the Dodd-Frank Act on Friday, which was implemented in the aftermath of the 2008 financial crisis to prevent a… Read More »

Google parent Alphabet’s shares fall as profits miss target

Google parent Alphabet’s latest profit figures have missed forecasts, sending the tech giant’s shares falling in extended trading on Wall Street. Profits rose 8% to $5.3bn (£4.2bn) for the last three months of 2016, fuelled by more advertising on mobile phones and YouTube. But analysts had expected more, and Alphabet’s shares fell almost 3% . However, revenue for… Read More »

Takata shares rise on US airbag settlement reports

Shares of Japanese airbag manufacturer Takata have risen on reports it will settle a lawsuit with US regulators. The firm is expected to pay up to $1bn (£822m) and plead guilty to criminal wrongdoing over faulty airbags, which have been linked to at least a dozen deaths and more than 100 injuries. Most major carmakers have been affected… Read More »

China likely to allow companies to issue shares in Frankfurt this year – bourse

Chinese companies will likely be allowed to sell their shares in Germany via issuing so-called “D shares” as soon as this year, in a move that will help them raise their profile in Europe, the Shanghai Stock Exchange (SSE) said. The plan to launch D shares – Frankfurt-traded shares sold by China-registered firms – is being studied by… Read More »

Asian shares slip in holiday-thinned trade, focus turns to U.S. data

Asian shares struggled on Thursday after a lacklustre performance on Wall Street, with investors looking to U.S. economic data later in the day for potential catalysts even as markets started winding down ahead of the holidays. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS erased early modest gains and slipped 0.3 percent, while Japan’s Nikkei stock index… Read More »

Euro skids, shares hit after Italy votes ‘no’ on reform

The euro fell to a 20-month low on Monday and investors fled riskier assets after Italian Prime Minister Matteo Renzi said he would resign following a stinging defeat on constitutional reform that could destabilize the country’s shaky banking system. Renzi’s defeat deals a body blow to a European Union already reeling under anti-establishment anger that led to the… Read More »

Netflix shares soar as video service posts jump in subscribers

Netflix has shaken off growth worries with new subscriber numbers that beat estimates and sent its shares soaring. The video streaming company added 3.2 million international customers in the last three months, far more than the 2 million analysts had predicted. In the US numbers rose by 370,000, as hit shows such as Stranger Things and Narcos won… Read More »