Stock News

LSE: FTSE 100 index rises led by Reckitt Benckiser Group

Britains headline index opened slightly higher on Monday and continued to move up, led by gains in Reckitt Benckiser, but mixed performance from Asia and the US left the market with no certain direction. Investors eyed a slew of crucial US and European economic data this week to assess the strength of the worlds top […] Read more

JPMorgan Chase & Co. share price down, to sell $1 billion debt to Bain Capital’s Sankaty Advisors

JPMorgan Chase & Co., the biggest U.S. lender, agreed to sell a loan portfolio of about $1 billion to Bain Capitals credit arm, Sankaty Advisors, the Financial Times reported, as the bank moves towards a simpler structure. The Boston-based investment firm won the auction for JPMorgan’s Global Special Opportunities Group portfolio, which includes loans in […] Read more

LSE: UK shares with a daily loss as British Sky Broadcasting plunge over 5%

Shares in the United Kingdom dropped on Friday, following three consecutive trading sessions of gains, as investors mulled over reported earnings and mergers and acquisitions. The FTSE 100 Index fell 0.44%, or 29.91 points to close at 6,791.55 in London on Friday. 24 companies recorded daily gains, while 77 registered a daily loss. However, the […] Read more

Citigroup Inc share price down, pays $5 million to settle SEC case

Citigroup Inc will pay a record fine to settle charges for failing to protect confidential equity trading data, the U.S. Securities and Exchange Commission announced on Friday, marking the latest regulator crackdown over alleged market violations. LavaFlow Inc., a Citi unit which runs an alternative trading system, was accused of allowing an affiliate to access […] Read more

Royal Bank of Scotland Group Plc’ share price sharply up, almost doubles its first-half pretax profit

Royal Bank of Scotland Group Plc, which is currently the largest state-owned bank in the U.K., made an official statement today and announced that its pretax profit over the first six months of the fiscal year almost doubled. The company also revealed that it expects to meet its target of reducing expenses by about 1 […] Read more

BSkyB Group Plc’ share price down, posts a 5.5% increase in its full-year revenue

British Sky Broadcasting Group Plc made an official statement today, revealing that its full-year revenue increased by 5.5% due to the increased customer demand for the pay-TV providers phone, TV and Internet services. Mr. Jeremy Darroch, who currently occupies the position of Chief Executive Officer, said in the companys statement, which was cited by Bloomberg: […] Read more

Vodafone Group Plc’ share price up, sees recovery in the European markets, following eight-quarter drop

Vodafone Group Plc, the second-biggest mobile-phone carrier by subscribers in the world, posted an eighth straight service revenue decline but revealed that its struggling markets on the territory of Europe are starting to improve. Mr. Vittorio Colao said in the companys statement, which was cited by Bloomberg: “Our performance is beginning to stabilize quarter-on-quarter in […] Read more

Amazon.com Inc.’s share price up, posts Q2 loss after big investments, despite rising sales

Amazon.com Inc., the biggest US online retailer, posted second-quarter figures on Thursday, revealing a net loss after intensive investments hurt margins despite a sizable increase in revenue. The company reported a second-quarter loss of $126 million, which is more than double of Amazons previous estimates. Sales, however, increased by 23% and reached $19.3 billion. The […] Read more

Caterpillar Inc.’s share price down, posts second-quarter results, announces full-year forecast trailing expectations

The biggest mining machinery manufacturer – Caterpillar Inc. reported its results over the second fiscal quarter and posted a full-year forecast for its sales and earnings. According to the companys statement, Caterpillars profit over the second quarter rose by 4% to 999 million dollars, or 1.57 dollars per share, from 960 million dollars, or 1.45 […] Read more