The AIC Financial Blog

TATA FOR NOW

Shares in Tata Motors plummeted almost 19% last Friday after it reported the biggest quarterly loss in Indian corporate history of $3.8bn. The stock is now down more than 50% over the last year after a third consecutive quarterly loss, this time due to a $3.9bn...

OIL PRODUCERS OVER A BARREL

The falling price of crude oil (WTI) due to concerns over demand at a time of robust US production is having a marked impact on America’s oil companies. Last week the oil major Anadarko Petroleum missing earnings forecasts by 33%, despite a 12% rise in revenues,...

ONE WOMEN STILL DOMINATES THE TOY INDUSTRY

Mattel, the US toymaker behind Barbie, Hot Wheels and Fisher Price, saw its shares jump more than 20% last week on better than expected fourth quarter results. The closure of Toys ‘R’ Us, which was a key distributor for toymakers such as Mattel, was...

FAANGs LOSE SOME OF THEIR BITE

  The fourth quarter earnings of tech giants Facebook, Apple, Amazon, Netflix, and Google/Alphabet (FAANGs) were something of a mixed bag for investors. Apple, which struggled at the end of last year, gained 5.5% after it recorded all-time revenue records across...

CATERPILLAR CURLS UP…

  Shares in Caterpillar, the world’s largest construction equipment maker and a bellwether for global industrial stocks, saw its shares bomb more than 9% on Monday as it announced its biggest earnings miss in a decade. As Maz Alamouti, head of dealing at...

NOT JUST ONLINE DELIVERY…

The share price of both Marks & Spencer and Ocado jumped on Monday following reports the two were in talks regarding the launch of an M&S food delivery service. The online grocery market was worth £11.4bn in 2018 and could hit £17.3bn by 2023, but while...

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