Restoration Hardware tumbles after saying it’ll prioritize earnings over revenues (RH)

AP Restoration Hardware reported earnings that beat on profits but missed on sales. The high-end furniture retailer said it will prioritize earnings over revenues. Shares are down more than 10%.  Watch Restoration Hardware trade in real-time here. Restoration Hardware shares are down more than 10% Wednesday after the high-end furniture retailer delivered earnings that beat on […]

United Airlines tumbles after announcing a move that could start a price war with low-cost carriers (UAL)

AP Photo/Richard Drew United‘s stock fell after the company said it would increase capacity on its planes, possibly opening up a price war with low-cost carriers. Investors feared the move would weigh on its profit margin. United reported fourth-quarter earnings that beat expectations. See United Airlines’ stock price move in real time here. Shares of […]

Pound to euro exchange rate: Sterling TUMBLES as inflation hits five year high

The pound has struggled to climb against the euro as recent data shows inflation has reached a five year high. It is currently trading at €1.121, dropping from yesterdays figures of €1.129. The newest data revealed inflation is to peak at 3.1 per cent in October, after increasing from 3 per cent in September. Figures […]

Pound to euro exchange rate: Sterling TUMBLES again after high street spending stalls

Pound to euro exchange rate has taken yet another hit after a bad performance from the UK high street. Consumer spending is down, most likely thanks to the current wage squeeze being experienced by many Britons. It has fallen from 1 GBP to 1.120 EUR to only 1.110 this week. TorFX currency analyst Laura Parsons […]

United CEO Mishandles Earnings Call, Stock Price Tumbles 12%

United CEO Mishandles Earnings Call, Stock Price Tumbles 12% Advertiser Disclosure The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This site does not […]

Pound to euro exchange rate: Sterling tumbles amid Theresa May’s Tories turmoil

The exchange rate has fallen to €1.118 due to political fears and disappointing UK data.  Sterling was hit by the fallout from Theresa May’s speech at the Conservative Party conference on Tuesday.  The exchange rate has continued to slide in the wake of the address, amid increasing speculation the Prime Minister could be ousted by […]

Pound to euro exchange rate: Sterling tumbles ahead of Eurozone update

The exchange rate tumbled to €1.091 early this morning after falling from €1.097 yesterday.  Sterling was briefly boosted at the start of a new week, but failed to gain any significant ground.  Results of UK public borrowing on the agenda today are due to affect the exchange rate.  Eurozone and German data will also be […]

Pound to euro exchange rate: Sterling tumbles despite upbeat UK jobs data

The exchange rate is this morning buying €1.094, after climbing to €1.101 yesterday.  Sterling was delivered a much needed boost after UK employment data proved better than expected.  Unemployment in the second quarter has fallen to its lowest rate since the 1970s.  Average weekly earnings for employees increased by 2.1 per cent in the three […]