Trading Ideas
A Close Look At J D Wetherspoon plc’s (LON:JDW) 11% ROCE
Today we’ll evaluate J D Wetherspoon plc (LON:JDW) to determine whether it could have potential as an investment idea… …read more […]
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Trading Ideas
Kosmos Energy makes major gas discovery off Mauritania
Oil and gas explorer Kosmos Energy said on Monday it had made one of the largest discoveries of natural gas in recent years in waters offshore Mauritania, where it sees the potential to extract 50 trillion cubic feet of gas. In view of the discovery at the Orca-1 well, Kosmos said it had decided to extend the timeline to sell down its interest in the area to next year. “Orca-1, which we believe is the largest deepwater hydrocarbon discovery in the world so far this year, further demonstrates the world-scale quality of the Mauritania gas basin,” Kosmos Chief …read more […]
Business News
Carlsberg forecasts 10% profit growth for 2019
Danish brewer Carlsberg revised upwards its annual profit growth outlook on Monday, saying it now expects organic operating profit to rise by around 10% versus a previous forecast for a “high single-digit” percentage increase.
Business News
AT&T to add new directors, sell up to $10 billion in assets next year
AT&T Inc said on Monday it would add two new board members and consider selling off up to $10 billion worth of non-core businesses next year, bowing to pressure from activist investor Elliott Management.
Trading Ideas
Have Insiders Sold Teradyne, Inc. (NASDAQ:TER) Shares Recently?
We wouldn’t blame Teradyne, Inc. (NASDAQ:TER) shareholders if they were a little worried about the fact that Michael… …read more […]
Trading Ideas
UPDATE 1-AT&T to add new directors, sell up to $10 bln in assets next year
AT&T Inc said on Monday it would add two new board members and consider selling off up to $10 billion worth of non-core businesses next year, bowing to pressure from activist investor Elliott Management. Elliott, which revealed a $3.2 billion stake in the company in September, has been pressing the telecommunications giant to cut costs, make management changes and scale back expansion aspirations. The company also said that it expects Randall Stephenson to remain chief executive officer through at least 2020. …read more […]
Business News
The Force is with Microsoft: Shares up on winning JEDI contract
Microsoft shares rise 3.4% to $145.50 premarket, after company wins the Pentagon’s $10 billion cloud computing contract.
Trading Ideas
UPDATE 2-Walgreens profit beats on higher branded drug prices, prescriptions
Drugstore chain Walgreens Boots Alliance Inc reported quarterly profit above market expectations on Monday, benefiting from higher prices for branded drugs and an increase in prescription volume. Walgreens’ stock has been under pressure since the start of the year as investor expectations over the company’s growth prospects took a hit in the face of low reimbursement rates for filling prescriptions. “While we still face headwinds, I am encouraged by the improvement in U.S. comparable sales performance in the second half of fiscal 2019 and our progress in managing costs,” Chief Executive Officer Stefano Pessina said in …read more […]
Business News
Brazil rates to hit record low 5.00%, seen falling further: Reuters poll
Brazil’s benchmark interest rate will be cut to a record low of 5.00% on Wednesday, according to the unanimous view in a Reuters poll of economists, as the central bank battles to spur economic growth and prevent inflation from falling further below target.
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New tuberculosis treatment for developing countries to cost $1,040
A newly-approved three-drug treatment for tuberculosis will be available in 150 countries including India and South Africa, priced at $1,040 for a complete regimen, more than twice the cost proposed in the past by advocacy groups for other treatments. The World Health Organization-backed Stop TB Partnership said on Monday that BPaL would be obtainable in eligible countries through the Global Drug Facility (GDF), a global provider of TB medicines created in 2001 to negotiate lower prices for treatments. Tuberculosis was responsible for 1.5 million deaths in 2018. …read more […]
Business News
AT&T adds more monthly bill-paying subscribers than expected
AT&T Inc added more mobile phone subscribers who pay a monthly bill than analysts’ estimates for the third quarter as the wireless carrier attracted customers with media content bundled with phone plans.
Trading Ideas
What Kind Of Shareholder Appears On The Bloom Energy Corporation's (NYSE:BE) Shareholder Register?
The big shareholder groups in Bloom Energy Corporation (NYSE:BE) have power over the company. Institutions often own… …read more […]
Business News
IMF urges Lebanon reforms, protesters keep up pressure
The International Monetary Fund said on Monday Lebanon should urgently implement reforms to restore confidence and economic stability, as protesters kept up the pressure on politicians they accuse of corruption by setting up new road blocks.
Business News
Lebanese banks to secure salaries, remain closed Tuesday: statement
Lebanese banks will stay shut on Tuesday amid ongoing unrest, but are working to ensure public and private sector workers receive their salary payments, the country’s banking association said on Monday.
Business News
Bitcoin holds ground after China voices support for blockchain
Bitcoin held ground on Monday near a one-month high scaled over the weekend after China’s president Xi Jinping said the world’s second biggest economy should accelerate the development of blockchain technology.