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Stock Markets Page 5

Hennes & Mauritz store

H&M pins sales growth hopes on online

The Swedish budget fashion chain expects online growth of 25% this year, to offset flagging sales at its stores.

Graham Buck

Galliford Try to launch £150m rights issue after Carillion collapse

Construction group Galliford Try announced on Wednesday it was to launch a cash call on investors to raise £150m in new share issues to help prop up its balance sheet following last month's collapse of joint venture partner Carillion

Neil Dennis

Credit Suisse posts third-straight annual loss

Swiss bank Credit Suisse announced a third-consecutive annual loss for 2017, but focused all comments on the positive future impact of its restructuring efforts, which began in 2016

Neil Dennis

Credit Agricole misses Q4 forecasts after tax charges

French bank Credit Agricole saw its fourth-quarter net income miss expectations on Wednesday after a number of one-off charges, including changes to tax rules in both France and the US

Neil Dennis

Finra to investigate claims of Vix manipulation

Wall Street regulators are reported to be investigating allegations of market manipulation by algorithmic traders during the recent bout of stock market volatility, through trades based on the Vix index in Chicago

Neil Dennis
US groceries aisle

AM update: US inflation numbers hang over markets, Hang Seng surges, Sky & BT score

It was a more localised investment picture from Asia overnight

Adrian Holliday
Stock Exchange view from Broad St

US update: Stocks on mute, Fed sticks to interest rate rises, dollar slides

Stocks rose modestly on Tuesday after earlier choppy trading then rallying in the afternoon ahead of key inflation figures

Claire Hunte

Under Armour shares soar 16% on back of good sales

Shares in sportswear company Under Armour rose 16% after fourth-quarter sales beat expectations.

Claire Veares
Photo of AMEX building

PM update: UK inflation sticks at 3%, US blue chips sink, gold up

There was a glum tone to US trading earlier

Adrian Holliday

Audioboom seeks reverse takeover of Triton

AIM-listed podcast platform Audioboom, which is backed by Nick Candy, is seeking a reverse takeover of US company Triton for £134m.

Claire Veares

Injured players cost Premier League clubs dear

Premier League clubs paid out more than £78m in wages to injured players in the first half of the current season

Claire Veares

Blue Apron shares rise after better than expected results

Blue Apron Holdings Inc shares jumped 7.5% in Tuesday premarket trading after it reported fourth-quarter losses that were better than expected.

Alison Bloomer

H&M scraps dividend reinvestment plan

H&M has scrapped plans to let shareholders invest dividends in new shares.

Claire Veares
Pepsi sign

PepsiCo beats market expectations in fourth quarter results

Fizzy beverage giant PepsiCo reported fourth-quarter earnings with total revenue rising slightly to $19.53bn, topping analysts’ average expectation of $19.39bn, according to Thomson Reuters.

Alison Bloomer
Car sales

Pendragon sees profit slump as new car sales slow

Pendragon has reported a slump in profits in its full-year results to 31 December 2017 due to a reduction in new car sales.

Alison Bloomer

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