BHP Billiton, the resources giant, saw its shares fall today despite a 33% profit rise and a record dividend payout for shareholders. One reason may be a 50% cut to the size of expected productivity gains.
Persimmon, one of the UK’s major housebuilders, has unveiled a 13% jump in half-year pre-tax profits. Looking forward, it says forward home sales are buoyant and confirmed plans to return spare capital to shareholders.
Chilean copper miner Antofagasta saw its London-listed shares plunge after it reported a 16.2% half-year profit crash. But the company said the second half would produce brighter results as production rose and costs were reined in.
New figures have shown Britain’s jobs miracle shows few signs of ending. But near-zero growth in real wages is the price the country is paying for low unemployment.
Foreign exchange trading can be a daunting business as currencies rise and fall with sometimes bewildering rapidity. But for those who do the research and form strong views it can be highly rewarding.
US tariffs against Turkey in retaliation for the continued detention of an American pastor has sent the lira plunging. But the row has exposed deeper problems with the country’s economy and its indebted companies.
Britain’s Proms season, a near two-month festival of music, is well under way. How significant is the music industry to the UK economy and how many people work in it?
If you thought cryptocurrencies meant Bitcoin and a few others, think again – there are about 1,658 in existence. The sector may well be ripe for consolidation, but don’t assume today’s big names will prevail.
Glencore, the global mining and trading giant, turned in record first-half profits today and pointed to “healthy” demand in the second half. But analysts had been looking for more, and the stock fell in early dealings.
HSBC’s profits slipped during the first half of this year once distortions were removed. But the bank is determined to win new customers, increase market share, and capitalise on its access to high-growth markets.
The Bank of England has raised its interest rate, the first conventional hike in 11 years. But how do rates help steer the economy, and when will “normal” borrowing costs return?
Apple has become the first company with a stock-market value of $1 trillion. Shares were propelled higher by good third-quarter results and a huge stock buy-back programme.
Banking group Barclays faced £2 billion-worth of costs in the first half of 2018 relating to past misconduct, and interim profits are 29% lower. But chief executive Jes Staley said the future is looking a lot brighter.
Shares in mining giant Rio Tinto tumbled today, despite the company reporting a 12% rise in half-year underlying earnings. Interim dividends are up 15% and an extra $1 billion is earmarked for share buy-backs.
Apple’s third-quarter results have given battered tech investors something to cheer. Profit was up 30% and revenue was 17% higher.