Inmarsat Shares News & Articles

Market report: Diageo on track despite currencies headwind while Aston Martin eyes £5bn IPO

International drinks maker Diageo (DGE) says the year has started well but goes on to warn that currency market volatility is hurting sales and profits. The maker of Guinness and Smirnoff vodka tells investors that it expects sales to be reduced by £175m this year and operating profits to fall by £45m directly because of FX fluctuations. Last year to 30 June 2018 the company posted £12.2bn ...

Market report: Carpetright plunges into the red, takeover confusion grips Inmarsat

Struggling British floor coverings retailer Carpetright (CPR) plunged into the red for year to 28 April 2018 and underlying sales have continued to fall since, the company confirms on Tuesday. Warm weather and stock shortages have been particularly fierce challenges that saw the company report an underlying pre-tax loss of £6.4m, versus a £14.4m profit last time, roughly in-line with recent ...

Satellites firm Inmarsat plunges 12.5%, here’s why investors are flogging stock hand over fist

Satellites network operator Inmarsat (ISAT) saw its share price plunge by more than 12.5% on Tuesday 22 May after losing its decades-long monopoly over international shipping lanes communications. The news broke overnight via a statement from satellites rival Iridium Communications, claiming ‘Iridium makes maritime industry history.’ FORCED TO SHARE THE HIGH SEAS The announcement ...
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