UK Survey Reveals Economic Uncertainty Impacting Businesses
A recent survey has indicated that British business leaders are putting on hold hiring and investment decisions, in line with the predications made prior to the referendum. Around 1,000 business leaders were surveyed by the Institute of Directors (IoD) in
Read MoreCarMax slides on missing Q1 consensus, rising competition
Earlier last week, used-car retailer CarMax Inc. (KMX) reported its fiscal 2016 first-quarter results that were below the analysts’ estimates. As expected, the punters hit the stock hard without any respite. The stock has lost about 10% in the past
Read MoreNew Zealand dollar to fall on low inflation concerns
The outcome of two surveys indicating a lead for the ‘Remain’ campaign triggered a rally not only in the Pound but also in other risky assets such as the Aussie and the Kiwi dollar. The past three days saw the
Read MoreHSBC’s New Mortgage Offer Indicates High Housing Prices
The recent cut in mortgage rate by HSBC in the United Kingdom has shown that housing prices in the country has reached its highest levels. HSBC’s latest product has been dropped below the lowest rate of 1.14 percent that was
Read MoreSmith & Wesson turns bullish on strong Q1, Fy17 outlook
Gun manufacturer Smith & Wesson Holding Corporation (SWHC) reported a better than expected fiscal 2016 fourth-quarter revenue and non-GAAP earnings. The market responded positively to the news and lifted the share price to $23.65, up $1.90 or 8.74% from Thursday’s
Read MoreZloty weakens on Polish Minister’s conservative statement
The last few days saw the Pound consolidating against the Polish Zloty. That looks contrasting in the sense that Pound is on a downhill against almost all other major currencies. From a low of 5.4881, the GBPPLN currency pair touched
Read MoreBats Europe Launches Competing Index To UK FTSE 100
Bats Europe, one of the largest European stock exchange operators has launched a new set of benchmark indices focused on the UK market in an attempt to challenge the domination of London Stock Exchange. The new indices numbering 18 in all are
Read MoreMicrosoft Announces Acquisition of LinkedIn For $26.2 Billion
Microsoft announced at the start of this week that it was in the process of acquiring LinkedIN, a professional based networking website for $26.2 billion. The acquisition has come as a surprise to many and some analysts believe that Microsoft
Read MoreEuro to decline on Brexit fears
Last Friday, a series of positive economic data propelled the Euro against most of the currencies, including the Mexican Peso. Furthermore, the weakness in the US dollar, which shares an inverse correlation with the Euro, indirectly contributed to the strength
Read MoreFive below turns bullish on strong Q2 & FY16 outlook
Last week, speciality value retailer Five Below, Inc. (FIVE) announced its fiscal 2016 first-quarter earnings and revenue that surpassed the Wall Street estimates. The results took the share price to a new 12-month high of $45.36. While the rationale behind
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