Getty Images Typhoo Tea is set to appoint administrators as the 120-year-old brand’s sales slump, losses widen and debts rise. The company has filed a notice at court “which affords the company some breathing space to explore solutions”, Typhoo’s chief executive Dave McNulty told the BBC. The firm has been trying to turn itself around for some time. However, it suffered a setback after trespassers damaged its former factory in
Check out the companies making headlines before the bell: Disney — Shares popped more than 9% after the company’s fiscal fourth-quarter results beat analysts’ estimates . For the period, Disney earned $1.14 per share, after adjustments, on revenue of $22.57 billion. That is above earnings of $1.10 per share on revenue of $22.45 billion that analysts were expecting, according to LSEG. Cisco Systems — The networking stock dropped slightly. The
Alibaba Offices In Beijing Bloomberg | Bloomberg | Getty Images Chinese e-commerce behemoth Alibaba on Friday beat profit expectations in its September quarter, but sales fell short as sluggishness in the world’s second-largest economy hit consumer spending. Alibaba said net income rose 58% year-on-year to 43.9 billion Chinese yuan ($6.07 billion) in the company’s quarter ending Sept. 30, on the back of the performance of its equity investments. This compared
Find insight on Tencent, NetEase and more in the latest Market Talks covering Technology, Media and Telecom. Source link
Guillaume Houze attends the 33rd ANDAM Prize Winner cocktail at les Jardins du Palais Royal on June 30, 2022 in Paris, France. Pascal Le Segretain | Getty Images Entertainment | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. The top 10 family offices for
Investing.com – Crude prices have traded lower Friday, on course for a negative week, as demand concerns and a stronger US dollar weighed on investor sentiment. But UBS cuts its 2025 Brent forecast, but sees room to recover from current levels. By 07:20 ET (11:20 GMT), the futures (WTI) dropped 1% to $68.03 a barrel, while the Brent contract fell 0.9% to $71.88 a barrel. Both contracts are on course for
Investing.com — Chinese e-commerce giant Alibaba (NYSE:) Group Holding Ltd (NYSE: BABA) reported better-than-expected third-quarter earnings on Thursday, sending its shares up 3.2% in premarket trading. The company posted adjusted earnings per share of RMB15.06 ($2.15), beating analyst estimates of RMB14.79, but falling 4% year-over-year. Revenue came in at RMB236.5 billion ($33.7 billion), up 5% YoY but slightly below the consensus forecast of RMB239.97 billion. Alibaba’s core China commerce retail business
Breadcrumb Trail Links Personal Finance Retirement B.C. couple living on disability and government pensions wonders if they should up their risk Published Nov 15, 2024 • Last updated 36 minutes ago • 5 minute read You can save this article by registering for free here. Or sign-in if you have an account. Retirees reliant on investment income may be nervous about getting back into the market. Photo by Postmedia Reviews and
Botanix Labs developed Spiderchain to be compatible with protocols that use Ethereum Virtual Machine (EVM), the software that powers Ethereum and enables smart contracts. Botanix’s goal is to allow any Ethereum-based application to be compatible with Bitcoin. Source link
New research confirms volcanoes were erupting on the far side of the moon billions of years ago Source link
