July 30, 2014 1:58 pm
International Business Machines Corp has formed a bull channel, following the bull spike on June 27th. The Directional Movement Index has climbed above its 20 level, while the +DI (green line) has crossed the -DI (red line) from bottom-up and has persistently been above it. The 20-day and the 50-day Exponential Moving Averages showed almost […]
Read moreJuly 30, 2014 1:02 pm
Barclays PLC posted earnings today, to reveal mixed results, with a decline in total income and a swing back to profit. Legal matters weighed, however, with the bank setting aside £900 million for compensations. The British lender made a net profit of £161 million ($272.1 million) for the three months to June 30, compared with […]
Read moreJuly 30, 2014 12:22 pm
Peugeot SA, Europes second largest carmaker, reported today the first-half profit from its core auto unit in three years. The-better-than-expected profit was mainly driven by rising sales in Europe and China, combined with stiff cost cuts. Peugeots shares jumped as much as 8.5%, the most in almost six months, after the company reported operating income […]
Read moreJuly 30, 2014 9:59 am
Britains headline index swung between minor gains and losses on Wednesday as investors digested a flurry of earnings reports, while awaiting US economy growth data, as well as the outcome of FOMCs two-day meeting. President Vladimir Putins reaction to additional sanctions imposed by the EU and US on Tuesday fell under the spotlights on the […]
Read moreJuly 30, 2014 9:20 am
Twitter Inc shares gained as much as 35% in after-hours trading, after the company revealed significant growth in both active user base and revenue. A sizable net loss was reported, however, raising some concerns for the San Francisco-based company. The report on Q2 earnings, released late on Tuesday, logged revenue of $312 million, up 124% […]
Read moreJuly 30, 2014 7:36 am
Toulouse, France-based Airbus Group NV reported on Wednesday a 10%-jump in first-half earnings as the company sold more commercial aircraft, sending shares soaring more than 4%. The earnings report comes only a day after the plane maker announced it scrapped a deal with Skymark Airlines for the delivery of six A380 superjumbos and it would […]
Read moreJuly 29, 2014 2:57 pm
Pfizer Inc, the leading US drugmaker, posted quarterly earnings today, revealing steady revenue and profit, with declining sales for major divisions and climbing R&D expenses. Full-year outlook was slightly lowered, but still relatively positive. The New York-based companys Q2 revenue was logged at $12.773 billion, down 2% from last year. Net income dropped 77% to […]
Read moreJuly 29, 2014 12:49 pm
BP PLC, the worlds sixth-largest oil producer, posted Q2 earnings today, revealing a sharp jump in profit, while expressing concern over the looming Western sanctions for Russia, where BP is the biggest single foreign investor. Quarterly underlying replacement cost profit was reported to have risen 34% on an annual basis to $3 635 billion, while […]
Read moreJuly 29, 2014 12:01 pm
Renault SA, Europes third-largest carmaker, reported today that its first-half revenue was hurt by steep sales drop in Russia, where the company is part of the largest auto-manufacturing group. Following the release of the statement, the shares of the company fell the most in almost five months. The companys car sales in Russia dropped 7.6% […]
Read moreJuly 29, 2014 9:32 am
Britains blue-chip index rose on Tuesday, led by gains in GKN Plc, following a string of upbeat earnings reports. Market players broadly awaited the release of key economic data from Europe and the US to assess the global economys recovery state. The FTSE 100 index stood at 6 799.80 points at 9:23 GMT, up 0.17% […]
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