Sage Shares Jump on Impressive Results
Sage SGE reported in-line revenue growth and fiscal 2025 guidance but delivered an impressive increase in operating margin that beat company-compiled consensus. Shares were up around 17% intraday on Nov.…
Sage Surges on Profits and Share Buybacks
Sage Group SGE on Wednesday announced a £400 million share buyback and said strong sales in its Cloud business had boosted annual revenue. The accounting software firm said pretax profit…
October the Best Month for Fund Flows in 2024
Europe-domiciled long-term funds posted net inflows of EUR 62.6 billion last month Despite the setback in international markets—global equities fell by 2.2% in October (in US dollars), while global government-bond…
Imperial Brands Raises Dividends on Earnings Growth
Imperial Brands IMB announced fiscal 2024 earnings that delivered on promises that results would be weighted toward the back half of the year. For fiscal 2025, the company expects single-digit…
Are Fashion Stocks Too Risky For Investors?
In 2024, fashion stocks have fallen sharply after a pandemic boom that handed investors some eye-watering returns. As inflation crept in and China’s post-pandemic bounce back stalled, many brands began…
UK Inflation Rate Moves Above Target
This was above the 2.2% rate consensus forecast and takes the Consumer Price Index above the official Bank of England target of 2%. In September the rate of inflation was…
China expectedly keeps benchmark lending rates steady as Beijing assesses stimulus measures
The People’s Bank of China (PBOC) building in Beijing on Dec. 15, 2022. Bloomberg | Getty Images China’s central bank on Wednesday kept major benchmark lending rates unchanged, as Beijing…
Comcast will announce the spinoff of cable networks Wednesday, sources say
The Comcast NBC logo is shown on a building in Los Angeles, California, June 13, 2018. Mike Blake | Reuters Comcast is moving forward with the spinoff of its cable…
Qualcomm says it expects $4 billion in PC chip sales by 2029, as company gets traction beyond smartphones
Qualcomm CEO Cristiano Amon speaks at the Computex forum in Taipei, Taiwan, June 3, 2024. Ann Wang | Reuters Qualcomm said on Tuesday that it expects its push into new…
Trump picks Dr. Oz to lead massive Medicare and Medicaid agency CMS
Dr. Mehmet Oz, a former celebrity TV host and Republican U.S. Senate candidate in Pennsylvania, poses for a portrait outside a polling location during the primary election in Rockledge, Pennsylvania,…