Asos shares slump as it warns on profits

Image copyright Getty Images Shares in Asos have sunk after the online fashion giant said that this year’s profits are likely to be much lower than expectations. The retailer said sales growth in the US and Europe had been held back by problems at its warehouses. These problems meant that the range of clothes available…

Netflix shares sink 10% as subscriber take-up slows

Image copyright Netflix Image caption The Netflix hit Stranger Things has just begun a third series Netflix added fewer paid subscribers than expected in the last three months, with the streaming service blaming price rises. Shares in the company sank 10% after Netflix added 2.7 million new customers worldwide in the April-June period, well below…

Texas woman shares home with mother’s corpse for three years

Image copyright Getty Images Image caption Police tape (file image) A woman in Texas, US, has been arrested after her mother’s decaying remains were found in the two-bedroom home she shared with her daughter. Police believe the grandmother, 71, suffered a fall in 2016. They allege her daughter, 47, failed to provide adequate help at…

Prominent Analyst Shares His Reasoning For $40,000 Bitcoin By 2019

Since April this year, significant moves by Bitcoin has seen the price pump from $4,100 to almost $14,000. Once again, cryptocurrencies are gracing the home pages of mainstream media outlets, and public interest is duly peaked. Sentiment on whether crypto winter is indeed over still divides opinion, but Fundstrat’s Thomas Lee continues to push a…

Gold price drops and shares gain as trade talk hopes rise

Image copyright Getty Images The price of gold has seen its sharpest fall for a year as investors sold the precious metal amid signs of progress in US-China trade talks. Gold, often seen as a safe asset in times of uncertainty, fell 2% to $1,382 per ounce, the biggest drop since June 2018. Market watchers…

Dixons Carphone shares plunge on mobile phone woes

Image copyright Getty Images Shares in Dixons Carphone have plunged by a quarter after it reported a full-year loss and predicted more pain for its mobile phone business this year. The retailer lost £259m in the year to 27 April, compared with a pre-tax profit of £289m last year. Sales fell by 1% to £10.43bn….

Tesco premium plan hits supermarket shares

Image copyright Tesco Shares in supermarkets have fallen sharply after Tesco said it was considering plans for a new chain of high-end convenience stores. The proposal for a chain based on its Tesco Finest food range comes nine months after the supermarket giant opened discount retailer Jack’s. Although Tesco has set no date for its…

CD Projekt Red Shares More On Size And Scope Of Cyberpunk 2077

CD Projekt Red has always built rich settings, but The Witcher 3 really tested its skills in term of scope and ambition. Thankfully, the team knocked it out of the park. For its next game, CD Projekt is once again challenging itself with what it can do in terms of scope and variety in both…