Business


Argos shamed for failing to pay minimum wage
- August 17, 2017

Melissa Tatton, HMRC director, said: "HMRC is committed to getting money back into the pockets of underpaid workers, and continues to crack down on employers who ignore the law". "We know there are more wage-dodging employers out there", said Frances O'Grady, the TUC's general secretary. Deducting money from wages to pay for uniforms, failing to account for overtime hours, and wrongly paying apprentice rates to employees, were among the most common reasons for non-compliance among employers ... (more...)
Chesapeake Energy Corporation (NYSE:CHK) Given Hold Rating at Jefferies Group LLC
- August 17, 2017

About 9.31 million shares traded. Chesapeake Energy Corporation (NYSE: CHK ), at its latest closing price of $3.98, it has a price-to-book ratio of 0.00, compared to an industry average at 0.43. A negative earnings surprise will usually result in a decline in share price. The Unregulated Energy segment includes its propane distribution, propane and crude oil wholesale marketing, natural gas marketing and unregulated natural gas supply, gathering and processing, electricity and steam generation ... (more...)
Strong European Data Sees Dollar Cede Ground To Euro and Pound Strong European Data Sees Dollar Cede Ground To Euro and Pound
- August 17, 2017

EUR/GBP Forecast: UK Retail and Eurozone Inflation AheadThere's still more notable Eurozone and UK data due before the week is up, as key data will be published on Thursday. But Tuesday's data showed this eased to a one-year low of 6.5 percent in July, down from 10.0 percent in June. Though a stronger currency shows that confidence is returning to the eurozone economy, it does have the potential to weigh on exporters as it increases the price of their goods in worldwide markets, all other ... (more...)
Traded Price Fluctuations to Observe:: Klondex Mines Ltd. (KLDX) Traded Price Fluctuations to Observe:: Klondex Mines Ltd. (KLDX)
- August 17, 2017

Royal Bank Of Canada dropped their price objective on Klondex Mines from C$8.00 to C$7.50 and set an "outperform" rating on the stock in a research note on Monday, March 27th. Premier Gold Mines has a 12 month low of $1.87 and a 12 month high of $4.90. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of worldwide trademark and copyright law. (more...)
Financial Review of Encana Corporation (NYSE:ECA) Financial Review of Encana Corporation (NYSE:ECA)
- August 17, 2017

Cambridge Investment Research Advisors Inc. now owns 19,898 shares of the oil and gas company's stock valued at $233,000 after buying an additional 124 shares during the period. Encana Corporation (ECA ) now has a Return on Assets (ROA) value of 5.4 Percent. During the same period in the previous year, the firm earned $0.10 EPS. (more...)
What happened behind the scenes as Trump's business councils fell apart What happened behind the scenes as Trump's business councils fell apart
- August 17, 2017

One woman was killed Saturday when a vehicle plowed into a group of counter-protesters who'd gathered to oppose a rally by white nationalists and others who oppose a plan to remove from a Charlottesville park of a statue of Confederate Gen. (more...)
James Investment Research Inc. Takes Position in NetApp, Inc. (NTAP) James Investment Research Inc. Takes Position in NetApp, Inc. (NTAP)
- August 17, 2017

Several other hedge funds have also recently bought and sold shares of NTAP. This is an increase from NetApp's previous quarterly dividend of $0.19. The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Friday, July 7th were given a $0.20 dividend. (more...)
Crude Oil Slips as US Production Hits a High Crude Oil Slips as US Production Hits a High
- August 17, 2017

The EIA is roughly in line with industry data from the American Petroleum Institute, which yesterday reported a draw of 9.2 million barrels in United States crude oil inventories-the biggest draw since September 2016. The survey also showed expectations for declines of 400,000 barrels for gasoline stockpiles and 700,000 barrels for distillates, which include heating oil. (more...)
Canadian Natural Resources Limited (CNQ) Shares Sold by APG Asset Management NV Canadian Natural Resources Limited (CNQ) Shares Sold by APG Asset Management NV
- August 17, 2017

The stock was bought at an average cost of $135.37 per share, with a total value of $47,379.50. Shell Asset Communication has 0.16% invested in Pioneer Natural Resources (NYSE:PXD) for 33,495 shares. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of United States & global trademark & copyright laws. (more...)
Infosys board to consider share buyback on August 19 Infosys board to consider share buyback on August 19
- August 17, 2017

Wipro too had announced its intentions for share buyback, earlier this year. The company recently adopted new Articles of Association, making provision for buyback. The buyback would suggest an end to the process that has mired in regulatory approvals spanning across countries, causing delay in board meeting, Motilal Oswal analysts said in a note. (more...)
Target posts higher quarterly comp sales after a year of declines (TGT) Target posts higher quarterly comp sales after a year of declines (TGT)
- August 17, 2017

Big-box giant Wal-Mart ( WMT ) on Thursday reported second-quarter results that topped views but issued a cautious earnings outlook . Stifel Nicolaus reinitiated Wal-Mart Stores Inc (NYSE:WMT) on Friday, January 20 with "Hold" rating . About shares traded. Wal-Mart Stores Inc (NYSE:WMT) has risen 13.83% since August 17, 2016 and is uptrending. It has underperformed by 10.40% the S&P500. (more...)
Murphy Oil Corporation (MUR) Bond Prices Rise 1.5%
- August 17, 2017

It has underperformed by 1.71% the S&P500. Cmn Class C stake by 21,600 shares and now owns 5,100 shares. Market capitalization is the total value of any firm in the stock market. The firm earned "Hold" rating on Friday, May 5 by BMO Capital Markets. Tompkins Financial Corporation invested 0.6% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY). (more...)
HDFC Bank, Yes Bank cut saving bank interest rate HDFC Bank, Yes Bank cut saving bank interest rate
- August 17, 2017

This seemed to lay the ground for the rate cut. "We had two options; either to raise MCLR or cut savings bank interest rates ", Rajnish Kumar, MD of SBI had said. For the quarter ended June 30, 2017, the Bank's total income was Rs 22,185.4 crore as against Rs 19,322.6 crore for the quarter ended June 30, 2016. (more...)
Technical Indicators Alerts: BancorpSouth, Inc. (BXS), Manulife Financial Corporation (MFC) Technical Indicators Alerts: BancorpSouth, Inc. (BXS), Manulife Financial Corporation (MFC)
- August 17, 2017

Another trade for 20,507 shares valued at $2.38 million was made by Lara Gustavo on Wednesday, March 15. Bessemer Group Inc. now owns 29,736 shares of the financial services provider's stock valued at $558,000 after buying an additional 261 shares during the period. (more...)
Japan's trade surges in July on strong demand in China, US Japan's trade surges in July on strong demand in China, US
- August 17, 2017

Japan's exports to the USA, mainly of cars, auto parts and machinery, jumped 11.5% to 1.3 trillion yen. TOKYO-Japanese exports rose 13.4% in July from a year ago, helped by exports of cars and automotive components. It followed a 15.5 per cent rise in June. Japan's manufacturing activity grew in July at the slowest pace in eight months as export demand weakened, a private survey showed earlier this month, casting some doubt on the strength of Asian trade. (more...)
Terreno Realty Corporation (NYSE:TRNO) Moves Higher 4.02% For The Week
- August 17, 2017

It is now trading at $35.72 which is quite a bit above $33.98, the stock's 50 day moving average and quite a bit above the 200 day moving average of $30.82. In other news, Director Priya Cherian Huskins sold 8,000 shares of the stock in a transaction that occurred on Monday, June 19th. The RSI value will always move between 0 and 100. (more...)
Kingfisher sales drops in second quarter Kingfisher sales drops in second quarter
- August 17, 2017

Total like-for-like sales fell 1% in the United Kingdom, while the group as a whole recorded a 1.9% fall. In the UK B&Q's like-for-like sales fell by 4.7% - worse than analysts' expectations of a fall of about 3%. The company blamed business disruption due to its "One Kingfisher " re-organization plan and said it remains on track to deliver its strategic milestones for the rest of the second year of the plan. (more...)
Knee implants become more affordable Knee implants become more affordable
- August 17, 2017

Similarly, the price of special metals like titanium and oxidised zirconium have been slashed by nearly 70 per cent, to Rs.76,600 from Rs.2.49 lakh. The notification comes after the union cabinet decided at a meeting in New Delhi earlier in the day to go for price ceiling of knee implants as many patients who required to undergo the procedure were unable to afford it due to the exorbitant price. (more...)
Barnaby Joyce might be a Kiwi Barnaby Joyce might be a Kiwi
- August 17, 2017

Ms Bishop this morning accused Senator Wong of using the NZ MP to ask questions in a way clearly created to undermine Mr Joyce and the Government. Meanwhile, Treasurer Scott Morrison said Labor had been "sneaky" in working with NZ Labour colleagues to undermine Mr Joyce. (more...)
Shah Rukh Khan to follow Salman Khan's footsteps? Shah Rukh Khan to follow Salman Khan's footsteps?
- August 17, 2017

However, this year has turned out to be disastrous for Bollywood films with just 3 hits and "Toilet Ek Prem Katha" inching towards financial gains. Although Jab Harry Met Sejal had stars like Shah Rukh and Ansuhka Sharma to boast of, it only managed to cross the 50 crore mark days after its release. (more...)
Dollar rises as investors move out of safe havens Dollar rises as investors move out of safe havens
- August 17, 2017

Overnight, MSCI's broadest index of Asia-Pacific shares outside Japan had skidded 1.55 percent, its biggest one-day loss since mid-December, to leave it down 2.5 percent for the week. government bonds rose. Traders and analysts said, however, said that tensions between North Korea and the United States could flare up again. In Europe, the pan-continental STOXX 600 index fell 0.9pc, with falls deepening after a auto rammed a group of soldiers in Paris, injuring six, in what ... (more...)
Interpublic Group of Companies Inc
- August 17, 2017

Montag A & Associates Inc. now owns 116,300 shares of the business services provider's stock worth $2,857,000 after buying an additional 97,900 shares during the last quarter. The most current P/E ratio is 15.151 and the market value is 8.28B. (The) (NYSE:IPG) last announced its quarterly earnings data on Tuesday, July 25th. (more...)
Analyst Advice And Earnings Insight: CareTrust REIT, Inc. (CTRE), Acushnet Holdings Corp
- August 17, 2017

The target implies a -52.98% decrease from where the shares are now trading. Nomura Asset Management Ltd invested 0.02% of its portfolio in Sabra Health Care REIT Inc (NASDAQ:SBRA). The last close places the company's stock about $1.37 off its 52 week high of $19.86 and $5.79 above the 52 week low of $12.7. BlackRock Inc. now owns 9,293,011 shares of the real estate investment trust's stock worth $259,556,000 after buying an additional 9,193,585 shares in the last quarter. (more...)
Merck, Under Armour CEOs quit Trump advisory panel over rally response Merck, Under Armour CEOs quit Trump advisory panel over rally response
- August 17, 2017

The Twitterer-in-chief characteristically attacked Frazier over social media on Monday morning, and later in the evening. "As CEO of Merck and as a matter of personal conscience, I feel a responsibility to take a stand against intolerance and extremism", he added. (more...)
Intel CEO is third to exit Trump's manufacturing council after Charlottesville Intel CEO is third to exit Trump's manufacturing council after Charlottesville
- August 17, 2017

Donald Trump's statement citing violence "on many sides" of the Unite the Right protests in Charlottesville this weekend proved to be too much for Kenneth Frazier , CEO of Merck & Co., a pharmaceutical company. Never mind that when President Barack Obama released a statement following the death of nine black parishioners in Charleston, S.C., by a white supremacist, he didn't meet the exacting standard now being applied to Trump. (more...)
Express Scripts Holding Company (ESRX) Shares Sold by Toth Financial Advisory Corp
- August 17, 2017

It has underperformed by 51.53% the S&P500. Steinberg Asset Mngmt Ltd Liability Co invested 1.65% of its portfolio in Express Scripts Holding Company (NASDAQ: ESRX ). Hyman Charles D decreased Express Scripts Hldg Co (ESRX) stake by 6.2% reported in 2016Q4 SEC filing. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. (more...)
Palace welcomes 2nd quarter GDP growth Palace welcomes 2nd quarter GDP growth
- August 17, 2017

Gross domestic product advanced 6.5 percent year-on-year in the second quarter, slightly faster than the 6.4 percent expansion seen in the first quarter, the Philippine Statistics Authority said. Authorities earlier announced the economy grew faster than 6 percent, buoyed by strong domestic demand and infrastructure spending. Investments in construction grew by 7.3 percent and that in capital formation for durable equipment grew by 8.7 percent. (more...)
Cowen and Company Reiterates $63.00 Price Target for Luxoft Holding, Inc. (LXFT) Cowen and Company Reiterates $63.00 Price Target for Luxoft Holding, Inc. (LXFT)
- August 17, 2017

Zacks Investment Research raised shares of Luxoft Holding from a sell rating to a hold rating in a research report on Wednesday, April 19th. Still, four of the seven analysts following the stock rate it a "strong buy", leaving room for additional bearish notes in the near term. (more...)
Hyundai reveals radical new hydrogen SUV Hyundai reveals radical new hydrogen SUV
- August 17, 2017

Interestingly, Practical Motoring spied this fuel cell vehicle at Hyundai the other day when we collected our long-term i30 SR Premium. It will also introduce an electric version of its luxury sedan Genesis by 2021. "With exceptional efficiency, serene styling, and uncompromised performance, our next generation fuel cell SUV is the true epitome of an eco-friendly vehicle of the future", said Lee Ki-sang, Senior Vice President of Hyundai Motor Group's Eco Technology Center. (more...)
Coca-Cola Company (The) (KO) Given a $45.00 Price Target at Barclays PLC
- August 17, 2017

WI's holdings in Coca-Cola Company (The) were worth $2,166,000 as of its most recent filing with the SEC. Other institutional investors also recently made changes to their positions in the company. The ex-dividend date of this dividend was Wednesday, July 26th. Coca-Cola Bottling Co. Consolidated's dividend payout ratio (DPR) is 16.95%. COPYRIGHT VIOLATION NOTICE: This report was first published by BBNS and is the property of of BBNS. (more...)