Netflix, which has hit shows including Stranger Things and Orange Is The New Black, reported a pre-tax profit of $79.1m, more than double the $34.3m consensus forecast among analysts. The firm expects new subscriptions to accelerate, predicting...
Read moreDIY investing can prove a lonely, rollercoaster ride
During January and February of this year, a total of £862m was withdrawn from equity funds, numbers that reveal a high degree of panic on the part of retail investors, and no doubt partially a result of the RBS research noted earlier and its...
Read moreForeigners shun Gilts on hard Brexit talk, as Hallowe'en verdict awaits
A country that borrows in its own currency and has a sovereign central bank able to act as a lender-of-last resort can almost always avert a public debt crisis, unless confidence in the governing institutions collapses altogether. The average...
Read morePearson faces a textbook lesson in how markets wane
That makes sense but the growth of digital revenues is not matching the decline of physical sales. This is a show we have seen before, of course, in music. After two decades of the internet battering their business, major record labels are only...
Read moreJML scales back overseas business and swings to a loss
British sales fell by a more modest 5pc to £52.5m, although the firm said its underlying business continued to grow thanks partly to its TV infomercials and colourful concession stands in other shops. JML said in a statement that it...
Read moreUS Navy contract buoys Rolls-Royce
Rolls-Royce was the biggest gainer on Monday after the company announced a new deal with the US Navy. Shares in the engineering business rose by 1.4 per cent in price to close at 775p. Rolls’ new contract involves fitting out 17 US ships with...
Read moreInvestment in UK commercial property sinks after Brexit vote
Investment in UK commercial property sank to its lowest level in four years during the quarter after the Brexit vote, with the City of London and Scotland suffering worst as cautious investors retreated from the sector. Some £8.7bn was invested...
Read moreSteel industry at 'breaking point' as it calls for Europe-wide help
“EU trade defence instruments are very slow to deploy, compared to our trade partners,” the letter said, adding their “effectiveness… is uncertain, producing measures which are significantly below the calculated size of the dumping, often less...
Read moreUK engineering can benefit from Brexit – but skills are in short supply, industry warns
Britain’s network of “Catapult” centres, which bring business and academia together, are key to developing new products and technologies but face an extra burden because of this rule. The skills shortage afflicting the sector is another key point...
Read moreBank of England deputy says plunging pound is a 'shock absorber' for the economy
One of the Bank of England’s leading policymakers has said the plummeting price of the pound has been an important “shock absorber” for the British economy in the aftermath of the EU referendum. With the pound now almost a fifth less valuable...
Read moreThe Lifetime Isa will benefit the few, not the many
Parliament is debating the legislation for the proposed Lifetime Individual Savings Account on Monday, and will set out how it will work. The Lisa will encourage those aged between 18 and 40 to save up to £4,000 a year with a very generous 25 per...
Read moreEducation giant Pearson’s sales slump soothed by strong dollar
Sales at education giant Pearson continued to slip this year amid upheaval in its main American markets and lacklustre demand for vocational exams in Britain, causing shares to fall by more than 5pc on Monday morning. The FTSE 100 company, which...
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