Uber drivers to be classed as workers after landmark employment decision
Fri 28 October 2016 15:31
(ShareCast News) - A London employment tribunal has ruled against ride-sharing company Uber in a landmark case which will see the firm's drivers classed as full-time workers rather than self-employed.
General Electric in talks over Baker Hughes deal
Fri 28 October 2016 13:03
(ShareCast News) - US industrial giant General Electric has held talks with Baker Hughes on a potential merger agreement.
ExxonMobil suffers 38% profit reduction as it struggles with falling oil prices
Fri 28 October 2016 11:51
(ShareCast News) - ExxonMobil followed rivals Chevron on Friday by reporting a huge quarterly loss as oil corporations struggle to deal with the falling price of the commodity.
Chevron profit plummets but earnings trounce estimates
Fri 28 October 2016 11:49
(ShareCast News) - US oil corporation Chevron saw its quarterly profit plunge 35% from the corresponding quarter last year, but earnings were still well above analysts estimates for the period.
Rio Tinto signs non-binding deal to sell Simandou stake to Chinalco
Fri 28 October 2016 11:12
(ShareCast News) - Rio Tinto has signed a non-binding agreement to sell its entire stake in the Simandou project in Guinea to Chinalco.
ANZ warns of AUD 360m charge ahead of full-year results
Fri 28 October 2016 10:46
(ShareCast News) - Major Asia Pacific bank Australia and New Zealand Banking Group warned of a AUD 360m charge on its full-year results on Friday, sending shockwaves through the Australasian banking sector.
Maven eyeing up challenges in Brexit, regulatory changes
Fri 28 October 2016 10:44
(ShareCast News) - Maven Income & Growth announced its unaudited interim management report for the six months to 31 August on Friday, with a net asset value total return of 137.33p per share at period end, compared to 135.16p at 29 February.
VinaCapital grows net asset value in booming Vietnam
Fri 28 October 2016 10:42
(ShareCast News) - VinaCapital Vietnam Opportunity Fund posted its annual financial report for the year to 30 June on Friday, with total net assets at year-end of $786.54m, up from $718.66m a year earlier.
Apple releases new MacBook Pro with hefty UK price rise
Fri 28 October 2016 10:13
(ShareCast News) - US tech giant Apple has unveiled the latest version of its Macbook Pro laptops, and UK users are set to suffer as the company bumps up the price of products in line with the deprecation of the pound
Amazon shares plummet afterhours due to earnings miss
Fri 28 October 2016 08:27
(ShareCast News) - Shares in ecommerce giant Amazon plunged by as much as 6.8% in after-hours trading in New York on Thursday after the company fell well below analyst estimates for its third quarter earnings.