Share Prices News Page 8

Australia’s largest investment bank Macquarie Group has said it anticipates that full year profits will fall by 25 per cent because a weak market is affecting its business, reports the BBC. Its investment and trading banking operations were the most severely hit, said the company in a statement. The bank’s shares dropped five per cent...

Shareholders in Olympus will finally get the opportunity to grill the management on the accounting scandal that led to the stock price plummeting.An extraordinary general meeting (EGM) has been called on 20 April. The company has admitted it has been hiding losses of $1.7bn (£1bn) for up to twenty years, reports the BBC. The scandal has...

Hong Kong shares broke a winning streak of six sessions yesterday, dragged down by banks and developers for China, as investors made profits on recent outperformers at the same time all eyes remain on Greece debt-swap deal talks. As reported by Reuters, soft mainland markets that are back in trading after the week-long holiday for Chinese...

Asian stocks oscillated wildly between gains and losses during today's morning session while upbeat home sales data across the US overshadowed ever-present uncertainties over Greece's continuing debt negotiations in Greece, as reported by City Wire. Across most of Asia, activity was subdued because of the Chinese Lunar New Year holiday....

Bank shares have managed to lift European stock markets in the midst of hopeful economic signals, as reported by BBC News. Results from US banks, as well as a report suggesting that the ECB is providing further loans to banks than originally thought, are meant to be two of the main factors. Successful bond auctions from the French and...

Co-founder of Yahoo! Jerry Yang is to depart from the company after he announced his retirement to the board of directors. Mr Yang, who held the position of chief executive from June 2007 up until January 2009, established Yahoo! alongside David Filo in 1995. His decision to depart comes a fortnight after the online company announced that...

TUI Travel made its way into the spotlight at the start of the week after UBS hit the holiday firm with a "buy" rating that came with a 220p target price. The broker decided to add TUI to its expansive merger watch-list in the light of recent speculation that TUI AG, its parent company, has been looking to buy out the 45.5 per...

Tesco is standing by UK chief operating officer Noel ‘Bob’ Robbins following revelations that he sold shares worth £200,000, just days before the company issued a profits warning which saw £5 billion wiped from the value of Tesco shares. The supermarket firm claims that Mr Robbins was not in possession of any information that could be...

On Friday, JP Morgan announced that it accumulated lower fourth-quarter profits in 2011, which were triggered by complications from the eurozone debt crisis and weaker trading throughout its investment banking division, as reported by BBC News. The Wall Street bank generated a net profit of around $3.7bn in 2011's last three months, down...

The price of orange juice has hit record levels in the past few days due to fears that contamination may have affected supplies coming from Brazil, the world’s largest producer. The Food and Drug Administration in the US said that the fungicide carbendazim had been detected in some of the shipments coming from the South American...