Financial Analysis

Funding Circle Shares Slump

Funding Circle Shares Slump

Shares of Funding Circle (FCH.L), a British peer-to-peer lender, plunged early on Tuesday after the company halved its sales guidance for the full-year as an uncertain economic environment led the group to proactively tighten lending criteria to higher-risk band businesses. The company, with loans platforms in the UK, US, Germany, and the Netherlands, said in a trading update that sales […]

Energy Giants Mixed at Market Open

Energy Giants Mixed at Market Open

Energy giants were mixed at the market open Tuesday. West Texas Intermediate crude oil for August delivery was down $0.01 at $57.89 per barrel at the New York Mercantile Exchange. The global benchmark Brent crude August contract gained $0.24 to $65.10 per barrel and July natural gas futures were 1 cent lower at $2.29 per 1 million BTU. Among energy-related […]

Red Robin Gourmet Burgers’ Stock Down 16% Following Q1 Earnings Report

Red Robin Gourmet Burgers’ Stock Down 16% Following Q1 Earnings Report

Red Robin Gourmet Burgers’ (RRGB) stock was down almost 16% at midday Friday after the company’s first-quarter earnings missed Street estimates. The company on Thursday posted adjusted earnings of $0.19 per share, compared with the year-ago period’s $0.69 per share and analysts’ consensus estimate of $0.49 per share. In a statement, management said it would shut 10 restaurants, effective May […]

Encore Wire Backs US Government Anti-Dumping Probe of China’s Aluminium Wire, Cable – WIRE Weaker

Encore Wire Backs US Government Anti-Dumping Probe of China’s Aluminium Wire, Cable – WIRE Weaker

Encore Wire (WIRE) said on Friday it supports the US government’s anti-dumping and countervailing duty (CVD) investigations of aluminum wire and cable from China, accusing Chinese aluminum building wire producers of illegally dumping their product in the country in its preliminary ruling. “These illegal trade practices have undermined our investments in aluminum wire production, which is an important complement to […]

Consumer Confidence Rises in May, Slides From Mid-Month Reading

Consumer Confidence Rises in May, Slides From Mid-Month Reading

Consumer confidence rose in May from April, but fell from its mid-month reading two weeks ago, the University of Michigan said Friday. The Surveys of Consumers’ index of consumer sentiment came in at a reading of 100 for May, up from 97.2 in April, the university said in its report. That was below the 102.4 print reported on May 17, […]

European Equity Benchmarks Close Lower on Trump’s Threat to Impose Tariffs on Mexico

European Equity Benchmarks Close Lower on Trump’s Threat to Impose Tariffs on Mexico

The broad-based major European indices closed lower in Friday trading, as investors were rattled by US President Donald Trump’s threat to impose new tariffs on Mexico, which he said wouldn’t be lifted until Mexico stops illegal immigration into the US. In economic news, Germany’s Federal Statistical Office (Destatis) reported that the price-adjusted turnover of the retail enterprises in the country […]