January 8, 2015 1:42 pm
Marks & Spencer Group Plc, UKs biggest clothing retailer by sales, reported worse than expected holiday results, citing online delivery problems. London-based M&S reported a 5.8% decrease in like-for-like sales in its general merchandise unit, including clothing and other non-food products, during the 13 weeks through December 27. The results largely differ from the 3% […]
Read moreJanuary 8, 2015 10:54 am
Britains largest supermarket chain Tesco Plc said it will dispose of loss-making stores, reduce product prices, sell assets and cut costs in an attempt to turn around its troubled business. The company reported like-for-like sales drop of 2.9% in the 19 weeks to January 3, including a 0.3% fall during the six weeks Christmas period. […]
Read moreJanuary 8, 2015 9:46 am
Natural gas fell for a third time this week as forecasting agencies projected warmer temperatures over the majority of the US later this month. Natural gas for delivery in February traded 1.15% lower at $2.838 per million British thermal units at 9:17 GMT, having shifted in a daily range of $2.897-$2.816. The energy source lost […]
Read moreJanuary 8, 2015 9:27 am
Gold extended overnight losses on Thursday as a rebound in oil and equity prices, combined with stronger US economic data curbed the precious metals appeal as a hedge. Comex gold for delivery in February dropped 0.17% to $1 208.7 per troy ounce by 09:14 GMT, having shifted in a daily range of $1 214.4 and […]
Read moreJanuary 8, 2015 8:35 am
Yesterday’s trade saw USD/MXN within the range of 14.6830-14.9157. The pair closed at 14.7130, losing 1.21% on a daily basis. At 8:30 GMT today USD/MXN was down 0.18% for the day to trade at 14.6896. The pair broke the first key weekly support level and touched a daily low at 14.6864 at 8:15 GMT. Fundamentals […]
Read moreJanuary 8, 2015 8:18 am
Yesterday’s trade saw USD/CAD within the range of 1.1809-1.1876. The daily high has also been the highest level since May 4th 2009. The pair closed at 1.1814, losing 0.19% on a daily basis. At 8:14 GMT today USD/CAD was up 0.05% for the day to trade at 1.1824. The pair touched a daily high at […]
Read moreJanuary 8, 2015 7:50 am
Yesterday’s trade saw EUR/USD within the range of 1.1800-1.1899. The daily low has also been the lowest level since December 30th 2005. The pair closed at 1.1840, losing 0.41% on a daily basis. At 7:47 GMT today EUR/USD was down 0.22% for the day to trade at 1.1813. The pair broke the first two key […]
Read moreJanuary 8, 2015 7:14 am
Yesterday’s trade saw EUR/GBP within the range of 0.7811-0.7856. The pair closed at 0.7835, losing 0.14% on a daily basis. At 7:10 GMT today EUR/GBP was down 0.03% for the day to trade at 0.7832. The pair touched a daily low at 0.7830 at 7:09 GMT. Fundamentals Euro zone Retail Sales Annualized retail sales in […]
Read moreJanuary 7, 2015 3:38 pm
J. Sainsbury Plc reported better-than-expected holiday results, but still continued to lose market share to discounters as the British retailer stated a 1.7% decline in sales. Despite marking one of its worst holiday performances, Sainsbury still reported results above analysts expectations of 2.5% to 4.4% drop in same-store sales during the 14 weeks to 3 […]
Read moreJanuary 7, 2015 1:42 pm
Audio-equipment maker Monster launched a lawsuit against Apple-owned Beats Electronics and the Taiwanese smartphone manufacturer HTC over alleged “fraud and deceit”. Monster and Beats teamed-up in 2008 and developed the “Beats by Dr. Dre” brand, a line of high-priced, high-tech audio devices. The Beats products have enjoyed high demand from teenagers and celebrities ever since. […]
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