Shares in Netflix fell sharply after the company’s third quarter earnings report showed it added fewer new subscribers to its base than analysts predicted. The consumer video streaming service reported 2.2 million net new subscribers in the July to September quarter. Analyst expectations were pitched at around 3.3 million net adds, and Netflix even missed its own sober 2.5 million net new ...

The FTSE 100 dropped 58 points or 1% to 5,832 points at lunchtime on Wednesday as markets awaited signs of progress on talks over further US stimulus. Sentiment also took a hit as Netflix disappointed the market after the market close and the shares traded down 7% in after-hours dealing. Even companies which have beaten forecasts, such as Johnson & Johnson and Lockheed Martin, have failed ...

Gambling and gaming company William Hill (WMH) reported an upbeat third quarter trading update for the 13 weeks to 29 September citing the return of live sport and the reopening of its retail estate. The shares were unmoved, trading at 280p, close to the 277p recommended cash offer from Caesars. EXPANDING US PRESENCE Online operations were 4% higher driven by a 10% increase in the US where ...

Shares in FTSE 250 gold miner Centamin (CEY) have taken another tumble after it reduced free cash flow expectations as it admitted production will undershoot and costs exceed expectations this year and next. Centamin was forced to close off an area of its Sukari mine last month after detecting ground movement, with open-pit mining operations in the zone halted as a preventative safety ...

Cider, beer, wine and soft drinks company C&C (CCR) returned to profit generation in July through to September, encouraging news that nudged the shares up 0.5% to 178p on Wednesday. However, the Irish brewer behind brands such as Tennent’s, Bulmers and Magners, as well as drinks distributor Matthew Clark, warned the near term outlook for the on-trade sector ‘remains challenging and ...

The latest trading update from industrial property investor Segro (SGRO) would be the envy of many other real estate firms but it received the brush off from the market with the shares down 1.8% to 920.7p. While rent collection was robust, the company also paid 7% of its dividend in shares. Alongside the update the company announced the £133 million purchase of a warehouse complex in Canning ...

Shares in ‘challenger’ financial Metro Bank (MTRO) rose 4% to 62p on relief that its latest trading update contained no obvious bad news, although the lack of detail in the release was stark. The bank reported flat deposits for the third quarter compared with the second quarter, and a 2% rise in loans ‘driven by continuing government-supported business lending’. LACK OF DETAIL ...

The FTSE 100 opened 1% lower Wednesday to 5,838 points following comments on Tuesday by deputy chief medical officer Jonathan Van-Tam that tighter restrictions were needed to stop the spread of coronavirus. Sentiment also took a hit in the US with Netflix disappointing the market after the market close, reporting fewer new subscribers than analysts’ expected with the shares off 7% in ...

UK shares drifted lower on Tuesday, lacking direction ahead of a self-imposed deadline in US negotiations for reaching agreement on another stimulus package to help small businesses hurt by the pandemic. Investors also weighed the increasing risks of further lockdown restrictions after Ireland imposed some of the strictest measures since March on Monday, telling people not to travel more than ...

UK shares moved into positive territory at midday on Tuesday ahead of the deadline for the US congress to reach agreement on a stimulus package. First-quarter earnings released by consumer goods company Proctor & Gamble showed sales up 9% and net earnings up 20%, helping the shares to a 2% gain ahead of the US market open. At 12:00 the FTSE 100 index of leading shares was up 0.4% to ...