Profits jumped at high street coffee maestro Starbucks (NASDAQ:SBUX) with adjusted revenue for the company hitting a new record for the final quarter of the year. The latest quarterly results showed revenue at the Seattle based coffee chain jump $5.7 billion. Operating profit came in at $4.2 billion, up 16% making this the most profitable … Read more
The price of Crude oil fell sharply on the back of the latest EIA weekly US oil inventory report . The latest data showed that stockpiles increased by more than 14 million barrels over the past week. This is against prior estimates of a 1 million barrel increase. The latest figures were the largest weekly … Read more
A fall in the global price of oil is expected to hit third quarter profits at British Petroleum (FTSE:BP). The company reports to the market on Tuesday. Analysts anticipate profits of just over $780 million dollars for the company’s third quarter results. This figure compares with $1.8 billion over the same time period last year. … Read more
Pre tax profits for the group rose for the third quarter, excluding notable items rose to £1.7bn. This was above analysts forecasts of £1.3bn and significantly up on the £1.4bn reported for the same quarter last year. The increase in performance came largely from improved performance in its investment banking arm where profits were up … Read more
Quarterly earnings figures from Apple (NASDAQ:APPL) came in higher than analysts’ prior consensus expectations. The company reported earnings of $1.67 per share representing revenues of $46.90 billion. The latest figures also unveiled a first glimpse of sales of the iPhone 7. Consumer reception of the latest incarnation of the company’s flagship product has been mixed. … Read more
Dallas based telecoms giant AT&T (NYSE:T) has announced that it plans to purchase entertainment group Time Warner Inc (NYSE:TWX) in an $86 billion dollar deal. The deal described driven by the changing dynamics of the entertainment industry was described by AT&T’s chairman Randall Stephenson as a “perfect match’. It is seen as combining the complementary strengths … Read more