• Dixons Carphone Shares Slump

    Shares of Dixons Carphone (DC.L), a European mobile phone and electrical goods retailer, plummeted after the company cut its dividend in fiscal 2019 and forecast a “significant” loss for the UK Mobile business in the financial year currently underway. Sales fell by 1% to 10.43 billion pounds ($13.14 billion) during the 12 months that ended April 27, from 10.53 billion […]

  • Consumer Sentiment Gauge Ticks Lower in June

    A key gauge of consumer sentiment ticked lower in June, missing analysts’ estimates as survey participants lowered their growth prospects for the national economy in the wake of tariffs on Chinese exports and a softening in employment growth. The University of Michigan’s preliminary consumer sentiment index, which is widely viewed as an indicator of the future course of the national […]

  • Strong Gains for Consumer Discretionary Stocks

    Top Consumer Stocks WMT -0.02% MCD +0.51% DIS +0.79% CVS +3.6% KO -0.36% Consumer stocks were posting sizable gains in recent trade, with shares of consumer staples companies in the S&P 500 climbing 0.6% this afternoon while shares of consumer discretionary firms in the S&P 500 were ahead 2%. Among consumer stocks moving on news: (+) Yunji (YJ) was 2% […]

  • Genesco Q1 Tops Estimates on EPS and Revenue

    Genesco (GCO) shares rose nearly 1% in pre-market trading as the specialty retailer posted Q1 adjusted earnings of $0.33 per share, up from $0.14 in the comparable period a year ago and exceeding the estimate of $0.03 from analysts polled by Capital IQ. For the quarter ended May 4, total revenue of $495.7 million was up from $486.2 million in […]

  • Balfour Beatty – Fluor JV Conditionally Bags $1.7 Billion Texas Highway Contract

    Balfour Beatty (BBY.L), a British infrastructure group, said early Friday that it has been conditionally awarded a $1.7 billion interstate highway contract from the Department of Transportation in Texas as part of a joint venture with Fluor (FLR). The company said in a statement that it has a 45% share in the joint venture, while Fluor, an engineering and construction […]