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Volkswagen share price tumbles on US emission issue, sales halt

September 21, 2015 10:30 am
Shares of German carmaker Volkswagen AG plunged by more than 20% on Monday after it ordered US dealers to halt sales of some diesel cars following accusations by local authorities of falsifying emissions data. Volkswagen, which managed to overtake Japans Toyota in the first half of the year as the worlds biggest auto maker by […] Read more

Natural gas futures extend drop on warm weather outlook

September 21, 2015 8:49 am
Natural gas fell on Monday, extending last weeks declines, as weather forecasts saw no significant changes over the weekend, calling for warm conditions over the majority of the US through the end of September. Natural gas for delivery in November traded 0.93% lower at $2.651 per million British thermal units at 08:21 GMT, holding in […] Read more

Gold trading outlook: futures hold near 3-week high on Fed caution

September 21, 2015 7:25 am
Gold hovered near a recent peak touched on Friday after the Federal Reserve decided to postpone an expected interest rate increase for one of its upcoming meetings, or next year, spurring fresh concerns about the global economy. Gold futures for delivery in December rose 0.09% to $1 138.8 per troy ounce at 07:02 GMT, ranging […] Read more

Adobe share price down, downbeat Q4 outlook offsets strong Q3 results

September 18, 2015 10:04 am
Adobe Systems Inc reported on Thursday record revenue and better-than-expected earnings in the third fiscal quarter, which however were overshadowed by a fourth-quarter sales and profit forecast below projections. The company said that net profit in the three months ended August 28th rose to $174.5 million, or $0.34 per share, from $44.7 million, or $0.09 […] Read more

Natural gas futures head for weekly drop on bearish weather conditions

September 18, 2015 8:40 am
Natural gas fell for a fourth day after the Energy Information Administration reported on Thursday a near-average inventory build, while overall sentiment remained dominated by bearish weather conditions. Natural gas for delivery in October traded 0.19% lower at $2.647 per million British thermal units at 08:13 GMT, shifting in a daily range of $2.648 – […] Read more

Gold futures head for first weekly gain in four as Fed delays hike

September 18, 2015 7:21 am
Gold hovered near the highest level in two weeks on Friday and was on track to end three straight weekly declines after the Federal Reserve delayed an anticipated rate hike for what it seems later this year. Gold futures for delivery in December traded 0.93% higher at $1 127.4 per troy ounce at 06:54 GMT, […] Read more

Altice share price up, expands US foothold with $17.7-billion Cablevision acquisition

September 17, 2015 10:10 am
European telecoms group Altice continues working its way into the lucrative US cable market as the company run by billionaire investor Patrick Drahi announced on Thursday it has agreed to purchase Cablevision Systems Corp in a $17.7-billion deal including debt. Altice said it would pay $34.90 per Cablevision share in cash, a 22% premium over […] Read more

Natural gas trading outlook: futures steady ahead of EIA inventory report

September 17, 2015 8:35 am
Natural gas was little changed following Wednesdays steep drop with investors waiting for the EIAs weekly inventory report that is expected to show a near-average build. Natural gas for delivery in October traded 0.15% higher at $2.664 per million British thermal units at 07:56 GMT, holding in a tight daily range of $2.672 – $2.650. […] Read more

Gold trading outlook: futures hold near 1-week highs ahead of Fed decision

September 17, 2015 7:12 am
Gold clung on to solid overnight gains after an inflation report on Wednesday showing a drop in consumer prices further curbed expectations for the Federal Reserve to hike interest rates at its policy meeting that concludes later today. Gold futures for delivery in December traded 0.10% higher at $1 120.1 per troy ounce at 06:50 […] Read more

Galliford Try posts record full-year results driven by strong UK housing market

September 16, 2015 10:06 am
British construction and housebuilding group Galliford Try Plc posted on Tuesday record results for the year ended June 30th as strong market conditions helped boost performance at both of its main divisions. The FTSE-250 company said that per-tax profit surged 20% to £114.0 million from £95.2 million a year earlier, making it the latest British […] Read more