Tag Archives: strong

iPhone 8 Launch on Track, Signals Apple; Reports Strong iPhone Sales

Apple on Tuesday delivered surprisingly strong fiscal third-quarter earnings and signalled that its upcoming 10th-anniversary phone lineup is on schedule, driving the stock up 6 percent to an all-time high in after-hours trading. The stock climbed above its intraday record high to $159.10 after the company reported better-than-expected iPhone sales, revenue and earnings per share. The stock price move was… Read More »

Macron wins strong parliamentary majority, estimates show

President Emmanuel Macron won a commanding majority in France’s parliamentary election on Sunday, sweeping aside traditional parties and securing a powerful mandate for pro-business reforms. The result, based on official figures and pollster projections, redraws France’s political landscape, humiliating the Socialist and conservative parties that alternated in power for decades until Macron’s election in May. Three pollsters projected… Read More »

Strong start to summer driving season pushes U.S. oil towards $50

U.S. crude oil prices rose towards $50 per barrel on Tuesday as a strong start to the summer driving season in the United States suggested strong fuel demand in months ahead. U.S. demand for transport fuels such as gasoline used in cars and diesel in buses tends to rise significantly as families visit friends and relatives or go… Read More »

Tesco hails ‘strong progress’ as sales rise

Tesco has reported a rise in Christmas sales, helped by strong demand for fresh food. Christmas like-for-like sales, which strip out the impact of new store openings, grew 0.7% in the UK, and were up by 0.3% across the group as a whole. Chief executive Dave Lewis said the supermarket giant had made “sustained strong progress”. But Tesco… Read More »

US retail sales see strong growth

Retail sales in the US rose faster than expected in October, helped by strong car sales, figures have shown. The data is the latest evidence that the US economy is growing strongly and adds to speculation that there could be an interest rate rise next month. The Commerce Department said retail sales rose 0.8% in October from the… Read More »

Allergan profit beats on strong sales of Botox and Restasis

Allergan Plc (AGN.N), whose $160 billion merger with Pfizer Inc (PFE.N) fell apart last month, reported a better-than-expected quarterly profit on Tuesday, led by strong sales of wrinkle treatment Botox and eye drug Restasis. Allergan, known as Actavis Inc until it bought Botox-maker Allergan Inc last year and took on its name, also said its board had authorized… Read More »