Tag Archives: slump

Markets Live: Sensex gives up gains, Yes Banks shares slump to 52-week low

Indian markets gave up gains in afternoon trade even as most Asian markets ended higher. Asian stocks bounced from a 3-1/2-month low today as a slight softening in rhetoric from US President Donald Trump helped ease worries about the US-China tariff war and on expectations Beijing could release more economic stimulus. Shares in Asia were led by strong gains in ... Read More »

Adani Power shares slump over 9% as Q3 loss widens

Shares of Adani Power on Thursday tumbled over 9% after the company’s consolidated loss doubled to Rs 1,290.7 crore in the October-December quarter of this fiscal. The stock dropped 9.21% to end at Rs 36.95 on BSE. Intra-day, it slumped 10.81% to Rs 36.30. On NSE, shares of the company dived 9.32% to close at Rs 36.95. The company’s market ... Read More »

Gap and Abercrombie & Fitch slump on unhappy holidays

Shares in two of America’s largest clothing retailers plunged on Friday following disappointing third quarter sales and a downbeat forecast for the crucial holiday shopping season. Gap shares sank by 13.1% after a seventh consecutive quarter of falling revenue and warned that fewer people were visiting stores. Abercrombie & Fitch’s stock fell 13.9% on a poor sales and a weak ... Read More »

May approves Hinkley Point nuclear plant, sets tighter controls

Britain gave the go-ahead for a $24 billion (£18.1 billion) nuclear power plant on Thursday, ending weeks of uncertainty that strained ties with China and France but also signalling a more cautious approach to foreign investment in critical infrastructure projects. Prime Minister Theresa May’s government said it would proceed with the Hinkley Point C project in southwest England, approving French ... Read More »

FTSE steadies as Next slump offsets Morrison rally

Britain’s top equity index steadied near a one-month low on Thursday, with a slump in Next (NXT.L) following poor results offsetting a strong rally in Morrisons (MRW.L) after a rise in its first-half profit for the first time in four years. The blue-chip FTSE 100 index .FTSE was up 0.06 percent at 6,677.55 points after falling to 6,654.82, coming close ... Read More »

Barclays confirms interest in Africa arm as profits slump by 25%

Bank’s new broom Jes Staley likely to face shareholder questions about cut to dividend amid losses on oil-related loans Barclays reported first-quarter profits of £793m and a 15% rise in bad debts. Photograph: Joe Giddens/PA Barclays has revealed it has received approaches for its African operations – which its former chief executive Bob Diamond wants to buy – as it ... Read More »

McGrath Estate Agents slump 30pc on slowing northern Sydney property market

McGrath Limited has downgraded its profit forecasts for 2016 by up to 16 per cent, sending its shares plunging 30 per cent lower. The move comes just four months after the company listed on the share market at $2.10 — it has lost 57 per cent of its listing value, closing at 90 cents. The Sydney-based real estate giant is ... Read More »

Oil price slump drags down Asian markets

Falling oil prices hit Asian stock markets after a meeting of oil producers ended without a deal on freezing output. The international oil benchmark Brent was down by more than 5% to $40.87 a barrel. US crude futures fell 5.5% at $38.16 a barrel. Japan’s Nikkei 225 index finished down 572.08 points, or 3.4%, at 16,275.95. Market sentiment in Japan ... Read More »